openPR Logo
Press release

Thermoelectric Modules Market Insights | Key players : Ferrotec, Laird, II-VI Marlow, Crystal Ltd. and RMT Ltd

02-01-2019 10:35 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Thermoelectric Modules Market Insights | Key players :

According to the new market research report "Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023", The thermoelectric modules market is expected to grow from USD 527.5 Million in 2017 and is expected to reach USD 890.6 Million by 2023, at a CAGR of 9.12% between 2017 and 2023. The demand for thermoelectric modules is mainly driven by its superior advantages such as precise temperature control, compact geometric size, reliable solid state operations, lower power consumption, rapid temperature cycling, fully reversible switch in polarity, integrated design, and rapid response time.

Browse 62 Market Data Tables and 33 Figures spread through 157 Pages and in-depth TOC on "Thermoelectric Modules Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/thermoelectric-module-market-133137155.html

Early buyers will receive 10% customization on this report.

Hardware offering expected to lead the thermoelectric modules market
The hardware offering is expected to hold the largest share of the market between 2017 and 2023. This growth is attributed to the increasing usage of various hardware components for thermoelectric modules such as heat sink, heat dissipation component, thermoelectric element, ceramic substrate, electrical interconnect, and heat absorption. Moreover, hardware is expected to account for a larger share of the overall thermoelectric modules market compared with the software and services offering during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133137155&utm_source=OpenPR

Thermoelectric modules market for the deep cooling modules is expected to grow at a higher CAGR between 2017 and 2023

The increasing use of deep cooling modules in the medical and laboratories application such as in vaccine storages, air-conditioning, medical services, food preservation, and cooling of electronic devices is the key reason for the growth of these modules. Moreover, these modules are used in other applications such as air conditioners, IR (radiative) cooling, biomedical, emergency power sources, mini-refrigerators lasers, transitional care units (TCUs), photodiodes, waste heat recovery, chillers, cold plates, wine cabinets, sensors, and remote sensor power.

Asia Pacific held the largest share of the thermoelectric modules market in 2016

Asia Pacific (APAC) held the largest share of the market in 2016. The largest share of APAC is attributed to the fact that a maximum number of manufacturers have their headquarters in this region. The other factors attributing to this growth are low manufacturing costs because of low overhead costs and cheap labor, and increasing demand for thermoelectric modules (across diverse applications) and waste heat recovery, industrial automation, and healthcare monitoring devices, as well as growing industrialization. Moreover, with the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved in APAC.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=133137155&utm_source=OpenPR

Some of the major players in the thermoelectric modules market are Ferrotec (Japan), Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd (Russia).

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Thermoelectric Modules Market Insights | Key players : Ferrotec, Laird, II-VI Marlow, Crystal Ltd. and RMT Ltd here

News-ID: 1552916 • Views: 404

More Releases from MarketsandMarkets™

Foot and Ankle Devices Market worth $5.3 billion by 2025 - Leading Key Players a …
According to the new market research report "Foot and Ankle Devices Market by Product (Implants, Plates, Screw, Wires, Internal Fixators, Braces, Prosthesis (SACH, Single/Multi-Axial)), Application (Rheumatoid Arthritis, Osteoporosis, Hammertoe), Enduser (Hospital, ASCs) - Global Forecasts to 2025", published by MarketsandMarkets™, the Foot and Ankle Devices Market is projected to reach USD 5.3 billion by 2025 from USD 3.9 billion in 2020, at a CAGR of 6.4% during the forecast period. Browse
Chromatography Instruments Market worth $11.0 billion by 2025 - Leading Key Play …
According to the new market research report "Chromatography Instruments Market by Type (Liquid Chromatography, Gas Chromatography), Consumable & Accessory (Columns, Detectors, Pressure Regulators), End User (Life Science Industry, Oil & Gas Industry), and Region - Analysis & Global Forecasts to 2025", published by MarketsandMarkets™, the Chromatography Instruments Market is expected to reach USD 11.0 billion by 2025 from USD 8.6 billion in 2020, at a CAGR of 5.1%. Browse in-depth TOC
Smart Buildings Market will reach to $108.9 billion by 2025
According to a new market research report "Smart Buildings Market by Component (Solution (Safety and Security Management, Energy Management, Building Infrastructure Management, Network Management, IWMS), Services), Building Type (Residential, Commercial, Industrial), Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 66.3 billion in 2020 to USD 108.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast
5G Core Market worth 9,497 million USD by 2025 - Exclusive Report by MarketsandM …
According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth

All 5 Releases


More Releases for Thermoelectric

Thermoelectric Material Market 2018 Global Analysis By Key Players – Gentherm, …
Summary WiseGuyReports.com adds “Thermoelectric Material Market 2018 Global and China Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Thermoelectric Material Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Thermoelectric Material Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization
Thermoelectric Modules Market : Qualitative Benefits Propel Industrial Applicati …
The global thermoelectric modules market for demonstrates a high degree of consolidation with only a few players, namely, Marlow Industries, Ferrotec Corp., KELK Ltd., and Laird Technologies Inc., acquiring the lead, finds TMR in a study. To sustain the intensifying competition, key companies are increasingly focusing on innovations as well as advancements of thermoelectric systems existent in their portfolios. Penetration of international market through mergers, acquisitions, and collaborations is another
Global Thermoelectric Generators Sales Market Report 2017
Summary The Global Thermoelectric Generators Sales 2017 Market Research Report is a professional and in-depth study on the current state of the Thermoelectric Generators market. The report provides a basic overview of the Thermoelectric Generators industry including definitions, classifications, applications and industry chain structure. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price,
Thermoelectric Modules Market : Market Trends and Key Developments
Thermoelectric modules have been witnessing an immense rise in their demand since the last few years. The benefits offered by these modules, such as compact geometric size, precise temperature control and cycling, lower power consumption, and rapid response time, have boosted their popularity, increasing their adoption in a number of industries. The automotive, semiconductor, medical, laboratory, telecommunications, defense, aerospace, and consumer electronics sectors are widely employing these modules in various
Radioisotope Thermoelectric Generator Market: Top players, States, Product types …
Report Description This report studies sales (consumption) of Radioisotope Thermoelectric Generator(RTG) in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering • II-VI Marlow • Thermo PV • COMSOL • Exide Technologies • Tesla Energy • GE • Vattenfall • American Elements • Curtiss-Wright?Nuclear Market Segment by States, covering • California • Texas • New York • Florida • Illinois Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into • 238Pu • 90Sr • Others Split by applications, this report focuses on sales, market share and growth
Thermoelectric Generator Market to Cross US $720 Million by 2021
New York, March 08: Market Research Engine has published a new report titled as “Global Thermoelectric Generators Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021”. The global market for thermoelectric generators is estimated to be US$ 320 million and is projected to grow to US$ 720 million with an impressive growth rate of14.5% from 2015 to 2021. Browse the full report: https://www.marketresearchengine.com/reportdetails/thermoelectric-generators-market-research-report Renewable energy is playing