Thermoelectric Generator Market History and Forecast 2018-2022, Breakdown Data by Manufacturers

Market Highlights:-

Thermoelectric generator converts the heat into electrical energy. Increasing demand for fuel efficiency and stringent emission regarding carbon from the government has boosted the market for thermoelectric generator. Automotive segment has largest share in the thermoelectric generator market, due to increase in the automotive manufacturing across the globe. The growth in global thermoelectric generators market is likely to be challenged by factors such as high price and low efficiency of the thermoelectric generator. The global thermoelectric generator market is expected to show a growth at CAGR of about 14% from 2018 to 2021.

Industry Top Key Players:-

entherm, Inc.
II-VI Incorporated
Ferrotec Corporation
Laird PLC
Komatsu Limited
Yamaha Corporation
Evident Thermoelectrics
Tecteg, Alphabet Energy
Tellurex Corporation.
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Thermoelectric Generator Global Market – Segmentation

The scope of global thermoelectric generator market is segmented into four major segments which are explained below:

By Source - Waste Heat Recovery, Energy Harvesting, Direct Power Generation and Co-generation

By Material- Bi-Te, Pb-Te and Others

By Power - 1kW

By Temperature- 500°C

By End-User- Automotive, Aerospace & Defence, Industrial, Consumer and Others

Industry News:-

In December, 2017 – Global technology leader Laird (LRD: London) developed a thermoelectric module (TEM) that accommodates a laser diode butterfly package. Primarily used to stabilize the temperature of sensitive optical components in telecom and photonics industries

In November, 2017 – Gentherm (NASDAQ-GS:THRM), the global market leader and developer of innovative thermal management technologies, announced that it has acquired Etratech Enterprises, Inc. for approximately USD 64 million in an all cash transaction. Etratech, based in Burlington, Canada, specializes in the design, development, and manufacturing of advanced electronic controls and control systems for the Automotive, RV and Marine, Security, Medical and other industries.

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Thermoelectric Generator Global Market - Regional Analysis

Geographically, the global thermoelectric generator market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, North America is estimated to be the primary revenue generating region in the global thermoelectric generator market. The rise in demand for cleaner energy is expected to upsurge the demand for thermoelectric generators in North America. Europe is anticipated to show relatively fast growth over the forecast period. In APAC, India and China are expected to grow at a significant rate, owing to the increase in demand for vehicles, which in turn drives growth of the thermoelectric generator market.

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