Thermoelectric Market - By Material Type (Bismuth Telluride, Calcium Manganese Oxide, Lead Telluride, Others), By Application (Automotive, Aerospace, Marine, Defense, Industrial, Others), By Source (Waste Heat Recovery, Direct Power Generation, Energy Har

The thermoelectric is a solid-state device that convert heat flux directly into electrical energy. Thermoelectric devices can be used in power plants in order to convert waste heat into additional electrical power.

Growth Drivers & Restraints

Over the years, increasing concerns over emissions and environmental issues, particularly global warming is one of the major factors that are encouraging the demand for electrical power operated technologies. Moreover, the increase in demand from industrial sectors such as automotive industries has led to a rise in the demand for thermoelectric across the globe. The thermoelectric are solid state devices that help convert heat into electrical energy. Therefore, these thermoelectric devices help to minimize heat losses. Thermoelectric is generally used as waste heat recovery systems for solar thermoelectric power generators and the automobile industry. In the automotive industry, seventy percent of heat energy released from a car’s engine is lost, generally in the form of heat. Therefore, thermoelectric act as a unique solution for this energy loss problem. Rise need to improve vehicle’s fuel efficiency is one of the major factors that have contributed to the growth of the Thermoelectric market.

In terms of Region, the Asia-Pacific occupied the highest share of XX.X% in 2019 which is further expected to increase to XX.X% by 2025. China is the highest revenue generating country in Asia-Pacific, and it is also expected to show the fastest growth during the forecast period. As china is the worlds largest capacity of hydro, solar, wind power and demand for renewable sources is considerably high in china as compare to other countries. This factor is projected to drive the growth of the thermoelectric market in coming years. However, high cost of production & low efficiency of thermoelectric devices and unawareness regarding thermoelectric may hamper the growth of Thermoelectric market in the coming years.


The research offers a comprehensive analysis of Thermoelectric market with respect to following sub-markets:

By Material Type

- Bismuth Telluride
- Calcium Manganese Oxide
- Lead Telluride
- Others

By Application

- Automotive
- Aerospace
- Marine
- Defense
- Industrial
- Others

By Source

- Waste Heat Recovery
- Direct Power Generation
- Energy Harvesting
- Cogeneration
- Others

By Geography

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive landscape

The report profiles various major market players such as,

- Komatsu Limited
- Gentherm Incorporated
- Yamaha Corporation
- Tellurex Corporation
- Alphabet Energy
- Evident Thermoelectrics
- Others Prominent Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

The study also provides company’s positioning and market share in Thermoelectric Market.

Timeline Considered for Analysis:

- 2019: Base Year

- 2020: Estimated Year

- 2020 to 2025: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the thermoelectric market by the following segments:

- By Material Type
- By Application
- By Source

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Thermoelectric Market Industry Report

- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?

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  • Publication date: 29th May 2019
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

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