HOME Top Market Reports Thermoelectric Generators Market by End User (Automotive, Aerospace & Defense, Industrial End-User, Self-powered Sensors, Others), by Temperature (<80 C, 80-500 C, >500 C), by Wattage (<10 W, 10-1 kW, >1 kW), by Source, by Material - Global Forecast & Analysis to 2020

Thermoelectric Generators Market by End User (Automotive, Aerospace & Defense, Industrial End-User, Self-powered Sensors, Others), by Temperature (<80 C, 80-500 C, >500 C), by Wattage (<10 W, 10-1 kW, >1 kW), by Source, by Material - Global Forecast & Analysis to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: AS 3743

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This report provides a complete analysis and information about the global thermoelectric generators market across a time span of six years (2014-2020). It recognizes the market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio of the top market players in the market. The market is projected to grow at a CAGR of 13.8% from 2015 to 2020.

Increasing demand for fuel efficient vehicles and stringent legislations by the government regarding limiting the carbon emissions are some of the key factors that are fueling the growth of this market. However, high cost of thermoelectric materials and lack of familiarity about the technology are some of the factors hampering the growth of thermoelectric generators market. The purpose of the market report is to identify various types and technologies involved as well as the major drivers and restraints of the market. The key players of the market are covered in the report.

The global thermoelectric generators market was valued at USD 245.3 Million in 2014, and is projected to grow at a CAGR of 13.8% to reach USD 547.7 Million by 2020. Emerging markets in Asia-Pacific regions include countries such as China and India, which have become attractive markets for thermoelectric generator companies.

As of 2015, the thermoelectric generator market is dominated by Gentherm Inc. holding the largest share of 33.5% of the global thermoelectric generators market. It has maintained a leading position by adopting strategies of innovation and product development through huge investments in R&D activities. The company also has a wide product portfolio for automobile, industrial, and aerospace applications. Other key players include II-VI Incorporated and Ferrotec Corporation holding 19.7% and 16.1% market share respectively.

Apart from the general overview of the companies, this report also provides financial analysis, products, services, and the key developments of the major players in the industry. The industry value chain, market revenue, and volumes are determined through primary and secondary research. All percentage shares, splits, and breakdowns are determined using secondary sources and verified through primary sources.

In a nutshell, this research report is consolidated business intelligence on the thermoelectric generators market. It will also help the stakeholders to identify hot revenue pockets in this market.

Scope of the Report

This research report categorizes the global thermoelectric generators market into the following segments and subsegments:

  • By End User
    • Automotive
    • Aerospace & Defense
    • Industrial
    • Self-powered Sensors
    • Others
  • By Source
    • Waste Heat Recovery
    • Energy Harvesting
    • Direct Power Generation
    • Co-generation
  • By Material
    • Bi-Te
    • Pb-Te
    • Others
  • By Wattage
    • <10 W
    • 10-1 kW
    • >1 kW
  • By Temperature
    • <80 C
    • 80-500 C
    • >500 C
  • By Region
    • North-America
    • Asia-Pacific
    • Europe
    • Rest of the World

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for Study
    1.4 Currency & Pricing
    1.5 Distribution Channel Participants
    1.6 Limitations
    1.7 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand Side Analysis
                    2.2.2.1 Precise Temperature Control
                    2.2.2.2 Easy Installation
           2.2.3 Supply Side Analysis
                    2.2.3.1 Increased R&D Activities
                    2.2.3.2 Advancements in Efficient Materials
                               2.2.3.2.1 High Figure of Merit (ZT) Materials
                               2.2.3.2.2 Low-Cost Materials
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions
           2.5.1 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Market Opportunities
    4.2 Thermoelectric Generators Market, By End User
    4.3 Market, By Source
    4.4 Market: Source vs End User
    4.5 Opportunities in Market
    4.6 Market, By Temperature
    4.7 Thermoelectric Generator Life Cycle Analysis, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Evolution of Thermoelectrics
    5.3 Market Segmentation
           5.3.1 Market, By End User
                    5.3.1.1 Aerospace & Defense Thermoelectric Generators Market, By Platform
           5.3.2 Market, By Temperature
           5.3.3 Market, By Wattage
           5.3.4 Market, By Source
           5.3.5 Market, By Material
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Demand for Solid State, Immobile Devices
                    5.4.1.2 Requirement for Durable and Maintenance Free Power Sources
                    5.4.1.3 Government Regulations Favoring Growth of Thermoelectric Technology
           5.4.2 Restraints
                    5.4.2.1 High Cost of Thermoelectric Material
                    5.4.2.2 Inefficiency to Generate High Output Power
           5.4.3 Opportunities
                    5.4.3.1 Growing Demand for Low Power Generators in Sensor Network
                    5.4.3.2 Demand for Thermoelectric in Healthcare
           5.4.4 Challenges
                    5.4.4.1 Prominent Substitutes
                    5.4.4.2 Design Modification
           5.4.5 Burning Issue
                    5.4.5.1 High Efficiency Material Reshaping Market

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Industry Trends
    6.5 Thermoelctric Generators Application Roadmap
    6.6 Porters Five Forces Analysis
           6.6.1 Threat of New Entrants
           6.6.2 Threat of Substitutes
           6.6.3 Bargaining Power of Suppliers
           6.6.4 Bargaining Power of Buyers
           6.6.5 Intensity of Competitive Rivalry
    6.7 Pest Analysis
           6.7.1 Political Factors
           6.7.2 Economic Factors
           6.7.3 Social Factors
           6.7.4 Technological Factors
    6.8 Strategic Benchmarking
           6.8.1 Product Positioning Strategy
           6.8.2 Market Retention Strategy

7 Thermoelectric Generators Market, By End User (Page No. - 61)
    7.1 Introduction
    7.2 Automotive End User
    7.3 Aerospace & Defense End User
           7.3.1 Aerospace & Defense, By Platform
    7.4 Industrial End User
    7.5 Self- Powered Sensors
    7.6 Other End User

8 Thermoelectric Generators Market, By Temperature (Page No. - 73)
    8.1 Introduction
    8.2 Low Temperature (<80C)
    8.3 Medium Temperature (80-500C)
    8.4 High Temperature (> 500C)

9 Thermoelectric Generators Market, By Wattage (Page No. - 80)
    9.1 Introduction
    9.2 Low Power (<10 W)
    9.3 Medium Power (10-1 Kw)
    9.4 High Power (> 1 Kw)

10 Thermoelectric Generators Market, By Source (Page No. - 86)
     10.1 Introduction
     10.2 Waste Heat Recovery
     10.3 Energy Harvesting
     10.4 Direct Power Generation
     10.5 Cogeneration

11 Thermoelectric Generators Market, By Material (Page No. - 93)
     11.1 Introduction
     11.2 Bismuth Telluride (BI-TE)
     11.3 Lead Telluride (PB-TE)
     11.4 Other Materials

12 Thermoelectric Generators Market, By Geography (Page No. - 99)
     12.1 Introduction
     12.2 North America
             12.2.1 North America: Market Size, By Country
             12.2.2 North America: Market Size, By End User
                        12.2.2.1 North America Aerospace & Defense Thermoelectric Generators Market Size, By Platform
             12.2.3 North America Thermoelectric Generators Market Size, By Source
             12.2.4 North America : Market Size, By Wattage
             12.2.5 North America : Market Size, By Material
             12.2.6 North America : Market Size, By Temperature
             12.2.7 U.S.
                        12.2.7.1 U.S. : Market Size, By End User
                        12.2.7.2 U.S. : Market Size, By Source
                        12.2.7.3 U.S. : Market Size, By Wattage
             12.2.8 Canada
                        12.2.8.1 Canada Thermoelectric Generators Market Size, By End User
                        12.2.8.2 Canada : Market Size, By Source
                        12.2.8.3 Canada : Market Size, By Wattage
     12.3 Asia-Pacific
             12.3.1 Asia-Pacific : Market Size,  By Country
             12.3.2 Asia-Pacific : Market Size, By End User
                        12.3.2.1 Asia-Pacific Aerospace & Defense Market Size, By Platform
             12.3.3 Asia-Pacific Thermoelectric Generators Market Size, By Source
             12.3.4 Asia-Pacific : Market Size, By Wattage
             12.3.5 Asia-Pacific : Market Size, By Material
             12.3.6 Asia-Pacific : Market Size, By Temperature
             12.3.7 China
                        12.3.7.1 China : Market Size, By End User
                        12.3.7.2 China : Market Size, By Source
                        12.3.7.3 China : Market Size, By Wattage
             12.3.8 Japan
                        12.3.8.1 Japan : Market Size, By End User
                        12.3.8.2 Japan : Market Size, By Source
                        12.3.8.3 Japan : Market Size, By Wattage
             12.3.9 India
                        12.3.9.1 India Thermoelectric Generators Market Size, By End User
                        12.3.9.2 India : Market Size, By Source
                        12.3.9.3 India : Market Size, By Wattage
             12.3.10 Korea
                        12.3.10.1 Korea : Market Size, By End User
                        12.3.10.2 Korea : Market Size, By Source
                        12.3.10.3 Korea : Market Size, By Wattage
     12.4 Europe
             12.4.1 Europe Thermoelectric Generators Market Size, By Country
             12.4.2 Europe : Market Size, By End User
                        12.4.2.1 Europe Aerospace & Defense Market Size, By Platform
             12.4.3 Europe Thermoelectric Generators Market Size, By Source
             12.4.4 Europe : Market Size, By Wattage
             12.4.5 Europe : Market Size, By Material
             12.4.6 Europe : Market Size,  By Temperature
             12.4.7 Germany
                        12.4.7.1 Germany Thermoelectric Generators Market Size, By End User
                        12.4.7.2 Germany : Market Size, By Source
                        12.4.7.3 Germany : Market Size, By Wattage
             12.4.8 U.K.
                        12.4.8.1 U.K. Thermoelectric Generators Market Size, By End User
                        12.4.8.2 U.K. : Market Size, By Source
                        12.4.8.3 U.K. : Market Size, By Wattage
             12.4.9 France
                        12.4.9.1 France Thermoelectric Generators Market Size, By End User
                        12.4.9.2 France : Market Size, By Source
                        12.4.9.3 France : Market Size, By Wattage
             12.4.10 Spain
                        12.4.10.1 Spain Thermoelectric Generators Market Size, By End User
                        12.4.10.2 Spain : Market Size, By Source
                        12.4.10.3 Spain : Market Size, By Wattage

13 Competitive Landscape (Page No. - 130)
     13.1 Overview
     13.2 Market Share Analysis, By Company
     13.3 Market Share Analysis, By Region
     13.4 Competitive Situation & Trends
     13.5 New Product Launches

14 Company Profiles (Page No. - 137)
     14.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     14.2 Gentherm, Inc.
     14.3 II-VI Incorporated
     14.4 Ferrotec Corporation
     14.5 Laird PLC
     14.6 Komatsu Limited
     14.7 Yamaha Corporation
     14.8 Evident Thermoelectrics
     14.9 Tecteg
     14.10 Alphabet Energy (U.S.)
     14.11 Tellurex Corporation

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 163)
     15.1 Key Industry Insights
     15.2 Discussion Guide
     15.3 Introducing RT: Real Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports


List of Tables (86 Tables)

Table 1 Periodization
Table 2 Heat Transfer Technologies, By Industry, 2014 (%)
Table 3 Properties, Materials/Device Efficiency, and Cost for Different Families of Thermoelectric Materials
Table 4 Impact Analysis of Pest Factors
Table 5 Market Size, By End User, 2013-2020 (USD Million)
Table 6 Automotive End User Market Size, By Region, 2013-2020 (USD Million)
Table 7 Aerospace & Defense End User Market Size, By Region, 2013-2020 (USD Million)
Table 8 Aerospace & Defense End User Market Size, By Platform, 2013-2020 (USD Million)
Table 9 Industrial End User Market Size, By Region, 2013-2020 (USD Million)
Table 10 Self-Powered Sensors Market Size, By Region, 2013-2020 (USD Million)
Table 11 Other End User Market Size, By Region, 2013-2020 (USD Million)
Table 12 Market Size, By Temperature, 2013-2020 (USD Million)
Table 13 Low Temperature Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 14 Medium Temperature Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 15 High Temperature Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 16 Market Size, By Wattage, 2013-2020 (USD Million)
Table 17 Low Power Thermoelectric Generators Market Size, By Region, 2013-2020 (USD Million)
Table 18 Medium Power Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 19 High Power Thermoelectric Generators Market Size, By Region, 2013-2020 (USD Million)
Table 20 Market Size, By Source, 2013-2020 (USD Million)
Table 21 Waste Heat Recovery Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 22 Energy Harvesting Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 23 Direct Power Generation Thermoelectric Generators Market Size, By Region, 2013-2020 (USD Million)
Table 24 Cogeneration Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 25 Market Size, By Material, 2013-2020 (USD Million)
Table 26 Bismuth Telluride (BI-TE) Thermoelectric Generators Market Size, By Region, 2013-2020 (USD Million)
Table 27 Lead Telluride (PB-TE) Thermoelectric Generators Market Size, By Region (USD Million)
Table 28 Lead Telluride (PB-TE) Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 29 Other Material Thermoelectric Generators Market Size, By Region,  2013-2020 (USD Million)
Table 30 Market Size, By Region, 2013-2020 (USD Million)
Table 31 North America: Market Size, By Country,  2013-2020 (USD Million)
Table 32 North America: Market Size, By End User,  2013-2020 (USD Million)
Table 33 North America Aerospace & Defense Thermoelectric Generators Market Size, By Platform, 2013-2020 (USD Million)
Table 34 North America : Market Size, By Source,  2013-2020 (USD Million)
Table 35 North America : Market Size, By Wattage,  2013-2020 (USD Million)
Table 36 North America : Market Size, By Material,  2013-2020 (USD Million)
Table 37 North America : Market Size, By Temperature,  2013-2020 (USD Million)
Table 38 U.S. Market Size, By End User, 2013-2020 (USD Million)
Table 39 U.S. : Market Size, By Source, 2013-2020 (USD Million)
Table 40 U.S. : Market Size, By Wattage, 2013-2020 (USD Million)
Table 41 Canada : Market Size, By End User, 2013-2020 (USD Million)
Table 42 Canada : Market Size, By Source, 2013-2020 (USD Million)
Table 43 Canada : Market Size, By Wattage, 2013-2020 (USD Million)
Table 44 Asia-Pacific : Market Size, By Country, 2013-2020 (USD Million)
Table 45 Asia-Pacific : Market Size, By End User,  2013-2020 (USD Million)
Table 46 Asia-Pacific Aerospace & Defense Thermoelectric Generators Market Size,  By Platform, 2013-2020 (USD Million)
Table 47 Asia-Pacific : Market Size, By Source, 2013-2020 (USD Million)
Table 48 Asia-Pacific : Market Size, By Wattage, 2013-2020 (USD Million)
Table 49 Asia-Pacific : Market Size, By Material, 2013-2020 (USD Thousand)
Table 50 Asia-Pacific : Market Size, By Temperature,  2013-2020 (USD Million)
Table 51 China : Market Size, By End User, 2013-2020 (USD Million)
Table 52 China : Market Size, By Source, 2013-2020 (USD Million)
Table 53 China : Market Size, By Wattage, 2013-2020 (USD Million)
Table 54 Japan Thermoelectric Generators Market Size, By End User, 2013-2020 (USD Million)
Table 55 Japan : Market Size, By Source, 2013-2020 (USD Million)
Table 56 Japan : Market Size, By Wattage, 2013-2020 (USD Million)
Table 57 India : Market Size, By End User, 2013-2020 (USD Million)
Table 58 India : Market Size, By Source, 2013-2020 (USD Million)
Table 59 India : Market Size, By Wattage, 2013-2020 (USD Million)
Table 60 Korea : Market Size, By End User, 2013-2020 (USD Million)
Table 61 Korea : Market Size, By Source, 2013-2020 (USD Million)
Table 62 Korea : Market Size, By Wattage, 2013-2020 (USD Million)
Table 63 Europe : Market Size, By Country, 2013-2020 (USD Million)
Table 64 Europe : Market Size, By End User, 2013-2020 (USD Million)
Table 65 Europe Aerospace & Defense Thermoelectric Generators Market Size,  By Platform, 2013-2020 (USD Million)
Table 66 Europe : Market Size, By Source, 2013-2020 (USD Million)
Table 67 Europe : Market Size, By Wattage, 2013-2020 (USD Million)
Table 68 Europe : Market Size, By Material, 2013-2020 (USD Thousand)
Table 69 Europe : Market Size, By Temperature, 2013-2020 (USD Million)
Table 70 Germany : Market Size, By End User, 2013-2020 (USD Million)
Table 71 Germany : Market Size, By Source, 2013-2020 (USD Million
Table 72 Germany : Market Size, By Wattage, 2013-2020 (USD Million)
Table 73 U.K. : Market Size, By End User, 2013-2020 (USD Million)
Table 74 U.K. : Market Size, By Source, 2013-2020 (USD Million)
Table 75 U.K. : Market Size, By Wattage, 2013-2020 (USD Million)
Table 76 France : Market Size, By End User, 2013-2020 (USD Million)
Table 77 France : Market Size, By Source, 2013-2020 (USD Million)
Table 78 France : Market Size, By Wattage, 2013-2020 (USD Million)
Table 79 Spain : Market Size, By End User, 2013-2020 (USD Million)
Table 80 Spain : Market Size, By Source, 2013-2020 (USD Million)
Table 81 Spain : Market Size, By Wattage, 2013-2020 (USD Million)
Table 82 New Product Launches, 20142015
Table 83 Acquisition, 20132015
Table 84 New Technology Launch, 20132015
Table 85 Partnership/Agreement, 2014-2015
Table 86 Others


List of Figures (86 Figures)

Figure 1 Market Scope: Thermoelectric Generators
Figure 2 Geography Covered: Thermoelectric Generators
Figure 3 Study Years: Thermoelectric Generators
Figure 4 Research Process
Figure 5 Research Design
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 7 Thermal Management Market
Figure 8 Thermal Heat Transfer Technologies, By Industry, 2014 (%)
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Market Size Estimation Methodology: Top-Down Approach
Figure 11 Data Triangulation
Figure 12 Assumptions of Research Study
Figure 13 Evolution of Thermoelectric Generators
Figure 14 Market Snapshot (2015 vs 2020): Market for Automotive End Users is Projected to Increase By 75% in the Next Five Years
Figure 15 North America Leads the Market, 2013-2020
Figure 16 The U.S. is Expected to Be the Most Prospective Market to Invest in the Next Five Years
Figure 17 New Product Launches and Acquisitions Fueled the Demand for Market
Figure 18 Attractive Market Opportunities
Figure 19 Industrial Segment Expected to Be the Most Lucrative Among All End Users, 2014-2020
Figure 20 Waste Heat Recovery Expected to Be the Largest Segment Among Sources, 2015-2020
Figure 21 North America : Market: Source vs  End User, 2014-2020
Figure 22 Bismuth Telluride Remains the Most Popular Material in Thermoelectric Generation, While 10-1kw is the Largest Segment By Wattage
Figure 23 Market, By Temperature, 2014-2020
Figure 24 Asia-Pacific Market Expected to Grow at the Highest Rate
Figure 25 Evolution of Thermoelectrics
Figure 26 Market, By End User
Figure 27 Aerospace & Defense Thermoelectric Generators Market, By Platform
Figure 28 Market, By Temperature
Figure 29 Market, By Wattage
Figure 30 Market, By Source
Figure 31 Market, By Material
Figure 32 Market Dynamics
Figure 33 Percent Share of Six Largest CO2 Emitting Countries (2014)
Figure 34 Thermoelectric Generators Value-Chain Analysis
Figure 35 Thermoelectric Generator Supply Chain Analysis
Figure 36 Technological Development is A Growing Trend in the Market
Figure 37 Porters Five Forces Analysis (2014): Continuous Improvement of Technology in the Market Affects the Market Positively
Figure 38 Product Positioning Strategy Adopted By Key Market Players: Evident Thermoelectrics (U.S.) Stands Out as the Leader
Figure 39 Market Retention Strategy Adopted By Key Market Players: Gentherm Inc. (U.S.) Stands Out as the Leader
Figure 40 High Demand for Increased Engine Efficiency From Automotive Manufacturers Expected to Drive Automotive End User Segment From 2015 to 2020
Figure 41 Industrial Segment Projected to Dominate Thermoelectric Generators Market During the Forecast Period
Figure 42 Automotive End User Segment Expected to Increase Its Market Share in the Market
Figure 43 Country-Level Share Analysis of Automotive Thermoelectric Generators Market, 2015
Figure 44 Aerospace & Defense End User Segment is Expected to Increase Its Market Share in  Market
Figure 45 Country-Level Share Analysis of Aerospace & Defense Thermoelectric Generators Market, 2015
Figure 46 Industrial End User Projected to Grow at the Highest CAGR of 19.8% During the Forecast Period of 2015 to 2020
Figure 47 Country-Level Share Analysis of Industry Market, 2015
Figure 48 Automation and Biomedical Monitoring are Expected to Drive the Self-Powered Thermoelectric Sensors Market
Figure 49 Country-Level Share Analysis of Thermoelectric Self-Powered Sensors Market, 2015
Figure 50 Application-Wise Temperature Ranges
Figure 51 Medium Temperature Segment is Projected to Dominate Thermoelectric Generators Market During the Forecast Period
Figure 52 Low Temperature Segment Projected to Grow Rapidly in Europe Over the Next Five Years
Figure 53 North America to Capture the Largest Share in Medium Temperature Segment Throughout the Forecast Period
Figure 54 Industrial Waste Heat to Help Asia-Pacific Region to Grow Rapidly in High Temperature Segment Throughout the Forecast Period
Figure 55 North America to Dominate Low Power Segment in the Market During the Forecast Period
Figure 56 Low Power Segment Projected to Grow Rapidly in Asia-Pacific Over the Next Five Years
Figure 57 North America to Capture the Largest Share in Medium Power Segment Throughout the Forecast Period
Figure 58 Use of Reactor Heat to Drive the Growth of High Power Segment in Asia-Pacific Throughout the Forecast Period
Figure 59 Waste Heat Recovery Segment Projected to Dominate the Market During the Forecast Period
Figure 60 Waste Heat Recovery Segment Projected to Grow Rapidly in Europe Over the Next Five Years
Figure 61 North America to Capture the Largest Share in Energy Harvesting Segment Throughout the Forecast Period
Figure 62 Asia-Pacific Region to Grow Rapidly in Direct Power Generation Segment Throughout the Forecast Period
Figure 63 North America to Capture the Largest Share in Cogeneration Segment Throughout the Forecast Period
Figure 64 Bismuth Telluride (BI-TE) Segment is Projected to Maintain the Highest Market Share During the Forecast Period
Figure 65 Bismuth Telluride (BI-TE) Thermoelectric Generators Market Size,  By Region (USD Million)
Figure 66 Other Materials Thermoelectric Generators Market Size, By Region (USD Million)
Figure 67 Geographic Snapshot: Asia-Pacific Countries to Grow With Relatively Higher CAGR in Market  From 2015 to 2020
Figure 68 North American : Market Snapshot: U.S. Commands the Largest Market Share
Figure 69 Asia-Pacific : Market Snapshot
Figure 70 Europe : Market Snapshot
Figure 71 Companies Adopted Product Innovation as the Key Growth Strategy During the Studied Period (2012-2015)
Figure 72 Market Share Analysis, 2014
Figure 73 Market, By Region (2015)
Figure 74 Battle for Market Share: New Product Launches is the Key Strategy
Figure 75 Geographic Revenue Mix of Top Five Market Players (2014)
Figure 76 Gentherm, Inc.: Business Overview
Figure 77 SWOT Analysis
Figure 78 II-VI Incorporated: Business Overview
Figure 79 SWOT Analysis
Figure 80 Ferrotec Corporation: Business Overview
Figure 81 Laird PLC: Business Overview
Figure 82 SWOT Analysis
Figure 83 Komatsu Limited: Business Overview
Figure 84 SWOT Analysis
Figure 85 Yamaha Corporation: Business Overview
Figure 86 SWOT Analysis

The global thermoelectric generators market was valued at USD 245.3 Million in 2014, and is projected to grow at a CAGR of 13.8% to reach USD 547.7 Million by 2020. A number of factors, including long lifetime with minimal maintenance, simplicity in operations, and no greenhouse gas emissions are the main reason driving the growth of the overall market. On the other hand, high price and low efficiency are the factors that restrain the growth of this market.

The thermoelectric generators market has been segmented into four major regions, namely, North America, Asia-Pacific, Europe, and Rest of the World. North America holds the largest share of the global market. Factors such as increased demand from automotive end-users segment in this region and remote location use of thermoelectric generators are expected to drive the growth of this market during the forecast period of 2015-2020.

On the basis of end users, the market is classified into five segments, namely, automotive, aerospace & defense, industrial, self-powered sensors, and others. With the growing technological advancements in thermoelectric generators for aerospace and defense end-user, this segment is expected to grow at a higher rate as compared to the automotive end-user segment.

Thermoelectric Generators Market

The thermoelectric generators source segment is dominated by waste heat recovery subsegment, accounting for the highest share of 81.75% of the global thermoelectric generators market in 2015. The total market size for this segment is estimated to be USD 233.8 million in 2015, and is projected to grow at a CAGR of 13.3% from 2015 to 2020, to reach USD 436.0 Million by 2020.

New product launch is the key strategy adopted by the major players to develop and sustain their position in the global thermoelectric generators market. The companies are developing innovative and high efficiency products by investing significant amount of their revenue in R&D, Strategies such as partnerships, agreements, collaborations, joint ventures, and acquisitions were also adopted by a significant number of market players to strengthen their product portfolio and to expand their geographic presence.

Key players in this market include Gentherm Inc. (U.S.), II-VI Incorporated (U.S.), Ferrotec Corp. (Japan), Laird Plc. (U.K.), Komatsu Limited (Japan), and Yamaha Corporation (Japan).

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