Press release
Thermoelectric Generators Market Forecast Research Reports Offers Key Insights 2031| Bosch, General Electric, Siemens, Toshiba, Hitachi
Thermoelectric Generators Market
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Thermoelectric generators are devices that convert heat into electricity. The technology behind thermoelectric generators is based on the Seebeck effect, which was discovered in the early 19th century. The Seebeck effect occurs when there is a difference in temperature between two conductors, and an electric current is generated.
Thermoelectric generators use this effect to generate electricity from heat. The heat can come from any source, such as a combustion engine, a solar panel, or even a geothermal heat source. Thermoelectric generators are very efficient, and can convert up to 60% of the heat into electricity.
Thermoelectric generators are used in a variety of applications, including power generation, refrigeration, and heating. They are also used in some medical devices, such as pacemakers.
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Key Trends and Drivers
The market for thermoelectric generators is expected to grow due to the increasing demand for clean and renewable energy sources. TEGs are environment-friendly and have the potential to generate power from waste heat, making them an attractive option for power generation. The automotive industry is one of the major consumers of TEGs, as they are used in exhaust systems to generate electricity.
Market Segments
By Material
Bismuth Telluride
Lead Telluride
Others
By Application
Waste Heat Recovery
Energy Harvesting
Direct Power Generation
Co-generation
Key Companies
Caterpillar Inc.
Cummins Inc.
Panasonic Corporation
Bosch
General Electric
Siemens
Toshiba
Hitachi
Eaton
Gentherm Inc
Laird Thermal System
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