openPR Logo
Press release

Thermoelectric Modules Market : Market Trends and Key Developments

08-17-2017 03:55 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Thermoelectric Modules Market : Market Trends and Key

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 applications.

On the other hand, the high cost associated with these modules, when compared to traditional cooling and refrigeration systems, is limiting their applications to some extent. However, continual research aimed at developing low-cost yet highly efficient thermoelectric systems is projected to minimize the impact of this factor over the next few years.

On the whole, the opportunity in thermoelectric modules looks increasing considerably. In 2014, it stood at US$364.1 mn. Rising at a CAGR of 9.50% during the period from 2015 to 2023, this opportunity is estimated to worth US$829.5 mn by the end of 2023.

Obtain Report Details @
http://www.transparencymarketresearch.com/thermoelectric-modules-market.html

Thermoelectric Modules to Register Fastest Growth in North America

Across the world, Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa are considered as the main regional markets for thermoelectric modules. Among these, Asia Pacific has emerged as the key contributor to the overall revenue generated in this market, globally.

The presence of prominent thermoelectric modules manufacturers boosted this region to reach an opportunity worth US$120 mn in 2014. Supported by a high demand for these modules in Japan, South Korea, India, and various Southeast Asian nation, this opportunity is likely to rise at a CAGR of 9.60% between 2015 and 2023 and reach US$275.4 mn by 2023.

Analysts project Asia Pacific to remain leading over the next few years. However, North America is anticipated to present the most attractive opportunities for growth in the near future on account of the rising demand for these modules across a number of applications. Between 2015 and 2023, North America will register the fastest CAGR of 9.70%, estimates TMR.

This 146-page report gives readers a comprehensive overview of the Thermoelectric Modules Market. Browse to unlock the hidden opportunities in this market
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5444

Shifting Preference to Augment Demand for Multi-stage Thermoelectric Modules

On the basis of technology, two types of thermoelectric modules are available worldwide: Single-stage modules and multi-stage modules. Currently, single-stage modules report higher adoption than multi-stage ones. In 2014, the demand for single-stage modules accounted for a share of 85% in the overall demand for thermoelectric modules. However, the market is likely to witness a shift in preference very soon due to the rising demand for these modules in low-temperature applications.

As multi-stage modules provide higher temperature differentials compared to single-stage modules, the demand for the former is projected to record a remarkable rise at a CAGR of 11.30% between 2015 and 2023.

Ferrotec Corp., Marlow Industries, Laird Technologies Inc., KELK Ltd. are the leading manufacturers of thermoelectric modules across the world. RMT Ltd., Tellurex Corp., Thermion Co., TE Technology Inc., LG Innotek Co. Ltd., and Toshiba Materials Co. Ltd. are some of the other prominent players in this market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 : Market Trends and Key Developments here

News-ID: 673083 • Views: 305

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for Thermoelectric

Thermoelectric Material Market Size - Forecast to 2026
The findings reviewed by GME stated that the Global Thermoelectric Material Market will expand with a high CAGR value from 2021 to 2026. The market potential is enhanced by the projects undertaken at the individual and international levels. Growing research is focused on developing superior TE materials. Manufacturers have been actively seeking collaboration to diversify the market product range. Browse 159 Market Data Tables and 119 Figures spread through
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,
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 Devices Market - Global Industry Analysis 2023
According to an estimation, almost half of the energy is wasted as heat, for example heat generated by vehicle and heavy equipment.Most of the heat generated is wasted as it escapes in the air. The rising demand of energy has generated the need of trapping the wasted heat, which can serve as readily available source of energy. The phenomenon of using this thermal energy to generate electricity is being used