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Thermoelectric Generators Market by Source, Material, Component, End User, Temperature, Wattage, and Region - Global Forecast to 2022

Thermoelectric Generators Market: Global Forecast until 2022

  • May 2017
  • 160 pages
  • ID: 4922055
In this report:
The waste heat recovery segment of the U.S. thermoelectric generator market is estimated to account for a share of ##.##% in 2017, and is expected to grow at a CAGR of ##.##% during the forecast period.
The direct power generation segment of the thermoelectric generators market in North America region is expected to grow from ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##% from 2017 to 2022.

Summary

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Growing demand for recovering waste heat generated by different industries is one of the main factors driving the rise of thermoelectric generators market

The thermoelectric generators market is forecasted to grow from an estimated $368.50M in 2017 to $715.80M by 2022, at a compound annual growth rate of ~14.2 percent during the forecast period, 2017 to 2022. Growing demand for waste heat recovery from different industries and rising concerns for improving the efficiency of automobiles is driving the sector. Thermoelectic generators help in growing efficiency by utilizing waste heat. High production cost of TEGs and inability to produce high electricity output are selecting its market.

The increase of the thermoelectric generators market across the world can be connected to the growing demand to recover the waste heat generated by different industries. Due to the growing environmental concerns, the industry demand to enhance the efficiency of engines is growing. Thermoelectric generators play an important role in growing efficiency by utilizing waste heat.

Among Final user, the automotive segment is anticipated to lead the thermoelectric generators market during the estimate period, 2017 to 2022.

Among End-user, the automotive segment is anticipated to lead the thermoelectric generators market during the outlook period between 2017 and 2022. The rise of the automotive segment in the thermoelectric generators market can be accredited to the rising adoption of thermoelectric generators to power the vehicle's electrical system.

Among temperature, the low temperature (<80°C) segment is expected to grow at the highest compound annual growth rate (CAGR) in the thermoelectric generators market during the estimate period. Increase in this industry can be primarily attributed to the growing demand for self-powered sensors in the industrial industry and wearables in the healthcare and consumer industries.

The North American area is estimated to result the thermoelectric generators market during the outlook period.

The North American area is the biggest market for thermoelectric generators due to the presence of different prominent actors offering thermoelectric generators in this area. Another factor that contributes to the rise of the North American thermoelectric generators market is the growing adoption of thermoelectric generators by different industries like automotive, aerospace, and defense in the territory for power generation through waste heat recovery.

There is a increasing demand for thermoelectric generators in the industrial market as well.

The distribution of profiles of primary members taking part in the thermoelectric generators market is like:

• By Company category - Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description - C-suite - 35.0 percent, D-level - 25.0 percent, and Others - 40.0 percent

• By Area - North America (NA) - 26.0 percent, EU - 30.0 percent, Asia-Pac - 22.0 percent, South America region - 13.0 percent, and Middle East (ME) & African continent - 9.0 percent

Main firms decribed in the analysis contain Gentherm, Incorporated, II-VI Marlow, Incorporated, Ferrotec Holdings Corporation, Laird plc, KELK Ltd., Yamaha Corp., Evident Thermoelectrics, and Kryotherm Company, among others.

Segment Research

This market report classifies the thermoelectric generators market based on end user, temperature, source, material, wattage, and component. It studies the thermoelectric generators market in North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Why acquiring this study can help you:

From an insight prospect, this market research highlights on different levels of analyses - industry study, market share review of the top actors, company descriptions, coming out and high-growth segments of the thermoelectric generators market, high-growth areas, and drivers, market restraints, alternatives, and opportunities influencing the increase of the thermoelectric generators market.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on thermoelectric generators provided by the top actors operating in the thermoelectric generators market.

• Product Development/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the thermoelectric generators market.

• Market Development: Highlighted information about lucrative sectors for thermoelectric generators across different areas.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the thermoelectric generators market.

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the thermoelectric generators market.

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