Thermoelectric Generators Market

Thermoelectric Generators Market by Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-Generation), Temperature (<80C, 80-500C, >500C) Wattage, Type, Material, Vertical, Component, Region - Global Forecast to 2027

Report Code: AS 3743 Mar, 2023, by marketsandmarkets.com

[283 Pages Report] The thermoelectric generators market is projected to grow from USD 761 million in 2022 to USD 1,233 million by 2027, at a CAGR of 10.1% from 2022 to 2027.

Increased demand for thermoelectric generators in the healthcare, automotive, transportation, and industrial sectors due to durability and low maintenance requirements has boosted market growth. Amendments in automotive emission regulations and the rising awareness for clean power sources have also drawn attention toward thermoelectric generators. Additionally, rapid urbanization has led to excessive consumption of fossil fuels and electricity; hence, these generators seem a feasible alternative to use the waste heat for practical applications such as electricity production.

The thermoelectric generators industry is diversified and competitive, with the majority of players in the North American and Asia Pacific regions. The market is dominated by companies based on their core competencies. Key players in this market include Coherent Corp. (US), Gentherm Inc. (US), Ferrotec Holdings Corporation (Japan), Laird Thermal Systems, Inc. (UK), and Komatsu Ltd. (Japan).

Attractive Opportunities in Thermoelectric Generators Market

Thermoelectric Generators Market

Thermoelectric Generators Market Forecast to 2027

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Thermoelectric Generators Market Dynamics:

Driver:  High demand from remote areas of developing countries

In developing nations, approximately 1.2 billion people, 17% of the worldwide population, do not have access to the electricity grid. Biomass is the major energy source in remote areas. Grid connection of villages and homes without electricity presents substantial expenses in terms of the cost of the installation of new power lines and the electrical distribution over long expanses.

TEGs act as a solution and can deliver a few watts of electricity for lighting, charging cell phones, and running electric extractors. The low efficiency of the TE modules is not a challenge when the contribution of the TEG results in an upgrade in combustion efficiency. For 3 hours of combustion, around 5–10 kg of wood is consumed, which generates energy of roughly 17–34 kW h. Enhancing this combustion is a far bigger contributor to lowering worldwide energy consumption than the 5–30 W generated by the TEG. In instances like these, the major specifications for the design of the TEG are to deliver enough electricity to power extractors, possibly charge phones, and provide power to lighting because maintenance is problematic in remote areas.

Restraint: High initial cost and lack of skilled personnel

Thermoelectric generators can have a greater initial cost per watt of electrical power output than energy conversion technologies for some applications. The practical usage of several high figures of merit or ZT thermoelectric materials in thermoelectric generators is challenging due to the high cost or complicated marketability. For instance, while fabricating radioisotope thermoelectric generators, the Plutonium 239 isotope used for RTGs costs around USD 6 million for 6 kg. In addition, they have strict shipping regulations for their packaging. However, this initial cost of a thermoelectric generator remunerated over its long life can render the lifetime cost lower than other technologies, depending on the application. No maintenance costs further lower the lifetime cost of a thermoelectric generator.

Though there is a reasonable amount of thermoelectric generator module manufacturing knowledge, the inaccessibility of design and engineering expertise needed to efficiently apply thermoelectric generators to an application poses a challenge. This impedes wider adoption, which results in lower efficiency and high costs.

Opportunity: Widescale adoption of thermoelectric generators across various sectors

Even though for a long time, TEGs have been popular within the space domain, in recent times, they have gained prominence in other sectors. Thermoelectric modules now have opportunities to expand into wider application areas such as the transportation, oil & gas, industrial, and healthcare sectors, among others.

For instance, in the transportation industry, TEGs, despite their low efficiency, can enhance overall efficiency and lower the environmental footprint since waste heat is a major issue in this sector. Their main benefits are their compactness and low maintenance. Different studies have also proven the technical practicality of TEGs in the automobile industry, but the cost of a Bi2Te3-based TEG is still too high. New materials described by low costs and larger working ranges should permit the impending arrival of TEGs in vehicles. These new materials also deliver interesting opportunities for the maritime sector and boost research in aircraft development as efficient usage of waste heat is gaining importance in the aerospace industry. The roadmap is to build TEGs with inexpensive materials with the help of inexpensive automated process production.

Additionally, the rising need for self-powered microsensors in the automotive industry will propel the development of microTEGs. Research on solar thermoelectric generators is also underway, which presents growth opportunities for the TEG market. Furthermore, thermoelectric generators are expected to find wide-scale applications in medical devices. Thermoelectric generators can resolve the power supply issue in wearable products by using body heat to power applications and being fitted within the device. They are useful in the case of implants and wearables. Thermoelectric sensors, monitors, systems, and other devices are connected through wireless sensors.

Challenge: Availability of prominent substitutes and structural complexity

Solar energy and piezoelectric power generation are the most prominent substitutes for thermoelectric generators. Solar energy converts light into electricity with an efficiency of 20-25%, and piezoelectric solid-state devices have an efficiency of 10-15%. Compared to thermoelectric generators, which have an average efficiency of 2-4%, the former two are far better in terms of output-to-input ratio and hence pose challenges for the TEGs market.

The functioning of thermoelectric generators depends on the operating temperature and the amount of output power required. This creates problems for manufacturers as the design must be modified according to the application. With varying power output and operating temperature requirements across different industries and applications, the design of thermoelectric generators must be customized, which needs extra money. This is a major challenge for the commercialization of this technology. Existing materials used for thermoelectric power generation have limitations in terms of efficiency. Bi-Te, Pb-Te, Si-Ge, and other traditional materials provide low or average efficiency (around 2.5%) at their respective operating temperature. This constrains the growth of the thermoelectric generators market and is expected to be the major inhibiting factor in the future.

Based on temperature, medium-temperature (80–500°C) segment registered large share in base year

Based on temperature, the thermoelectric generators market is segmented into low-temperature (<80°C), medium-temperature (80–500°C), and high-temperature (>500°C). These temperature ranges depend upon the application that thermoelectric generators are used in. Medium-temperature thermoelectric generators run on the Seebeck Effect, generating a temperature differential through the module by heating one side of the module and cooling the opposite (heat elimination side). These modules have been explicitly intended to work at temperatures of 320°C (for BiTe materials), and other hybrid materials like PbTe can work up to 600°C. For medium-temperature TEGs, the waste heat sources comprise reciprocating engine exhausts, catalytic crackers, and annealing furnace cooling systems.

In the medium-temperature segment, the industrial and automotive sectors constitute a major part since automobile companies worldwide face the daunting task of manufacturing fuel-efficient vehicles with regulatory authorities making enhanced fuel efficiency and reduced carbon emissions mandatory. Stringent laws to reduce CO2 emissions have led to the increasing application of thermoelectric generators.

Based on wattage, medium-power (10–1 kW) segment is dominate market in the base year

Based on wattage, the thermoelectric generators market is segmented into low-power (<10 W), medium-power (10–1 kW), and high-power (>1 kW). Compared to traditional heat engines, which are large, thermoelectric generators are compact, simple, scalable, and affordable. Thermoelectric systems are designed to function with heat sources and temperature differences. Companies such as Siemens (Germany) play a significant role in co-generation plants and industrial applications for steam turbines from 10 kW to 1,900 MW medium power. These steam turbines work as generator drives or mechanical drives for compressors or pumps. Steam turbines are often applied in the renewable energy sector. The medium-power thermoelectric generator segment is expected to hold the largest share of the thermoelectric generators market during the forecast period owing to its application in the automotive, aerospace & defense, and industrial sectors.

The Europe region is projected to Grow at highest CAGR during the forecast period

This regional market analysis considers the UK, France, Germany, Italy, Sweden, Spain, Russia, and the Rest of Europe. Among these UK witness strong growth during forecast period. Renewable energy accounted for nearly half of the UK’s electricity generation between January and March 2022. Conferring to the Department for Business, Energy, and Industrial Strategy’s (BEIS) newest energy trends data, published in June 2022, the share of renewables in electricity generation was 47% during the quarter, compared to 35.9% in the first quarter of 2021. The proportion is also remarkably higher than the earlier quarterly record of 39% in the summer of 2021. Overall, wind power produced 30% of the UK’s electricity in the first quarter of 2021. Therefore, the market for thermoelectric generators in the UK has immense potential, owing to the rise in the use of renewable energy sources in automotive, industrial, aerospace, and defense verticals.

Thermoelectric Generators Market by Region

Thermoelectric Generators Market by Region

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Top Thermoelectric Generators Companies - Key Market Players

The thermoelectric generators companies are dominated by globally established players such as Coherent Corp. (US), Gentherm Inc. (US), Ferrotec Holdings Corporation (Japan), Laird Thermal Systems, Inc. (UK), and Komatsu Ltd. (Japan). These players have adopted various growth strategies such as new product launches, new service launches, contracts, partnerships, agreements, collaborations, and expansions to further expand their presence in the thermoelectric generators market.

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Scope of the Report

Report Metric

Details

Market size available for years

2019-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million)

Segments covered

By Applications, By Verticals, By Type, By temperature, By Wattage, By Component, By Material, and By Region

Geographies covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

Gentherm Inc. (US), Coherent Corp. (US), Ferrotec Holdings Corporation (Japan), and Komatsu Ltd. (Japan),

Companies covered (Thermoelectric generators market start-ups and thermoelectric generators market ecosystem)

P&N Technology (Xiamen) Co., Ltd. (China), TE Technology, Inc. (US), Wellen Technology Co., Ltd. (China), and Sheetak (US)

Thermoelectric Generators Market Highlights

This research report categorizes the thermoelectric generators market based on application, vertical, type, temperature, wattage, component, material and region.

Segment

Subsegment

By Application

  • Waste Heat Recovery
  • Energy Harvesting
  • Direct Power Generation
  • Co-generation

By Vertical

  • Automotive
    • IC-powered Vehicles
    • Electric Vehicles
  • Aerospace & Defense
    • Aviation
      • Civil Aircraft
      • Military Aircraft
      • Unmanned Aerial Vehicles
    • Defense
      • Military Vehicles
      • Power Generators
      • Soldier Systems
  • Marine
    • Military Ships    
    • Commercial Ships
  • Industrial
    • Chemical Processing
    • Aluminum & Steel Foundry
    • Glass & Metal Casting Foundry
  • Consumer
    • Wearables         
    • Consumer Electronics
  • Healthcare
    • Implantable       
    • Wearables
  • Oil & Gas
  • Mining
  • Telecommunications
    • Data Centers
    • Communication Towers

By Type

  • Single-stage
  • Multi-stage

By Temperature

  • Low-temperature (<80°C)
  • Medium-temperature (80–500°C)
  • High-temperature (>500°C)

By Wattage

  • Low-power (<10 W)
  • Medium-power (10–1 kW)
  • High-power (>1 kW)

By Component

By Material

  • Bismuth Telluride
  • Lead Telluride
  • Other Materials

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In November 2022, Laird Thermal Systems, Inc. developed new 5000 watt liquid-to-air water heat exchanger solution series, namely LA5000 for data centers and industrial applications.
  • In February 2022, Laird Thermal Systems, Inc. launched a new PowerCycling PCX Elongated Thermoelectric Cooler to boost the PCR testing speed. It is designed for DNA amplification, analytical, and medical applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 THERMOELECTRIC GENERATORS MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
           1.3.3 REGIONS COVERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY CONSIDERED 
           TABLE 2 USD EXCHANGE RATE
    1.6 MARKET STAKEHOLDERS 
    1.7 LIMITATIONS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Key primary sources
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Breakdown of primary interviews
    2.2 IMPACT OF RECESSION ON THERMOELECTRIC GENERATORS MARKET 
           FIGURE 4 IMPACT OF RECESSION ON REVENUE OF KEY PLAYERS
    2.3 FACTOR ANALYSIS 
           2.3.1 INTRODUCTION
           2.3.2 DEMAND-SIDE INDICATORS
           2.3.3 SUPPLY-SIDE INDICATORS
    2.4 RESEARCH APPROACH AND METHODOLOGY 
           2.4.1 BOTTOM-UP APPROACH
                    2.4.1.1 Market size estimation
                    2.4.1.2 Regional split of thermoelectric generators market
                               FIGURE 5 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 6 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION AND VALIDATION 
           2.5.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
                    FIGURE 7 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS 
           FIGURE 8 RESEARCH ASSUMPTIONS
    2.7 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 9 WASTE HEAT RECOVERY SEGMENT HELD HIGHEST MARKET SHARE IN 2022
    FIGURE 10 MEDIUM-POWER SEGMENT TO COMMAND LEADING MARKET POSITION FROM 2022 TO 2027
    FIGURE 11 BISMUTH TELLURIDE SEGMENT TO RECORD HIGHEST GROWTH BY 2027
    FIGURE 12 THERMOELECTRIC MODULE TO REGISTER MAJOR SHARE DURING FORECAST PERIOD
    FIGURE 13 EUROPE TO BE FASTEST-GROWING REGION BY 2027
 
4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THERMOELECTRIC GENERATORS MARKET 
           FIGURE 14 NEED FOR DURABLE AND MAINTENANCE-FREE POWER SOURCES
    4.2 THERMOELECTRIC GENERATORS MARKET, BY TYPE 
           FIGURE 15 MULTI-STAGE SEGMENT TO GROW FASTER DURING FORECAST PERIOD
    4.3 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL 
           FIGURE 16 AUTOMOTIVE SEGMENT TO DOMINATE MARKET BY 2027
    4.4 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE 
           FIGURE 17 LOW TEMPERATURE TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
    4.5 NORTH AMERICA THERMOELECTRIC GENERATORS MARKET, BY COUNTRY 
           FIGURE 18 US ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 THERMOELECTRIC GENERATORS MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Need for fuel efficiency amid stringent emission control norms
                               FIGURE 20 CARBON DIOXIDE EMISSIONS, BY REGION, 2011–2021
                    5.2.1.2 High demand from remote areas of developing countries
                    5.2.1.3 Durable and maintenance-free power source
 
           5.2.2 RESTRAINTS
                    5.2.2.1 Low efficiency of thermoelectric generators
                    5.2.2.2 High initial cost and lack of skilled personnel
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Ongoing research and development to enhance performance
                    5.2.3.2 Widescale adoption of thermoelectric generators across various sectors
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of prominent substitutes and structural complexity
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 21 VALUE CHAIN ANALYSIS
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR THERMOELECTRIC GENERATOR MANUFACTURERS
                    FIGURE 22 REVENUE SHIFT CURVE FOR THERMOELECTRIC GENERATORS MARKET
    5.5 THERMOELECTRIC GENERATORS MARKET ECOSYSTEM 
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 MATERIAL SUPPLIERS AND DISTRIBUTORS
           5.5.4 END USERS
           FIGURE 23 THERMOELECTRIC GENERATORS MARKET ECOSYSTEM MAP
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 3 PORTER’S FIVE FORCE ANALYSIS
           FIGURE 24 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 THREAT OF NEW ENTRANTS
           5.6.2 THREAT OF SUBSTITUTES
           5.6.3 BARGAINING POWER OF SUPPLIERS
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 INTENSITY OF COMPETITIVE RIVALRY
    5.7 TARIFF AND REGULATORY LANDSCAPE 
    5.8 TRADE DATA 
           TABLE 4 TRADE DATA FOR THERMOELECTRIC GENERATORS MARKET
    5.9 RECESSION IMPACT ANALYSIS 
           FIGURE 25 SCENARIO ANALYSIS OF THERMOELECTRIC GENERATORS MARKET
    5.10 AVERAGE SELLING PRICE 
           TABLE 5 AVERAGE SELLING PRICE OF THERMOELECTRIC GENERATORS, BY APPLICATION
    5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.11.2 BUYING CRITERIA
                    FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.12 KEY CONFERENCES AND EVENTS 
           TABLE 8 CONFERENCES AND EVENTS, 2022–2023
 
6 INDUSTRY TRENDS (Page No. - 79)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           6.2.1 AUTOMOTIVE EXHAUST THERMOELECTRIC GENERATORS
           6.2.2 WEARABLE THERMOELECTRIC GENERATORS
           6.2.3 MINIATURE THERMOELECTRIC GENERATORS
           6.2.4 SOLAR THERMOELECTRIC GENERATORS
           6.2.5 RADIOISOTOPE THERMOELECTRIC GENERATORS
           6.2.6 THERMOELECTRIC GENERATORS IN AEROSPACE
           6.2.7 ADVANCEMENTS IN THERMOELECTRIC MATERIALS
    6.3 TECHNOLOGY ANALYSIS 
           6.3.1 FLEXIBLE THERMOELECTRIC MATERIALS
           6.3.2 SELF-HEALING WEARABLE THERMOELECTRIC DEVICES
    6.4 USE CASES 
           6.4.1 THERMOELECTRIC GENERATORS IN SPACE
           6.4.2 THERMOELECTRIC GENERATORS IN WASTE HEAT RECOVERY FOR INDUSTRIES AND HOUSEHOLDS
           6.4.3 THERMOELECTRIC GENERATORS IN HUMAN BODY
           6.4.4 THERMOELECTRIC GENERATORS IN WASTE HEAT RECOVERY FOR TRANSPORT SYSTEMS
    6.5 IMPACT OF MEGATRENDS 
           6.5.1 RAPID URBANIZATION AND ADVANCEMENTS
           6.5.2 FUEL EFFICIENCY
    6.6 INNOVATIONS AND PATENT REGISTRATIONS 
           TABLE 9 INNOVATIONS AND PATENT REGISTRATIONS, 2016–2022
    6.7 THERMOELECTRIC COOLERS 
           6.7.1 USE OF THERMOELECTRIC COOLERS ACROSS VERTICALS
 
7 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION (Page No. - 88)
    7.1 INTRODUCTION 
           FIGURE 28 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 10 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
           TABLE 11 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.2 WASTE HEAT RECOVERY 
           7.2.1 HIGH DEMAND FROM INDUSTRIAL AND AUTOMOTIVE SECTORS
    7.3 ENERGY HARVESTING 
           7.3.1 USE OF THERMOELECTRIC GENERATORS IN CONSUMER AND HEALTHCARE WEARABLES
    7.4 DIRECT POWER GENERATION 
           7.4.1 NEED IN AEROSPACE, MINING, AND INDUSTRIAL SECTORS
    7.5 CO-GENERATION 
           7.5.1 ADVANCEMENTS IN INDUSTRIAL CO-GENERATION SYSTEMS
 
8 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL (Page No. - 92)
    8.1 INTRODUCTION 
           FIGURE 29 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
           TABLE 12 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
           TABLE 13 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
    8.2 AUTOMOTIVE 
           TABLE 14 AUTOMOTIVE: THERMOELECTRIC GENERATORS MARKET, BY VEHICLE TYPE, 2019–2021 (USD MILLION)
           TABLE 15 AUTOMOTIVE: THERMOELECTRIC GENERATORS MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
           8.2.1 IC-POWERED VEHICLES
                    8.2.1.1 Increased consumer demand for fuel efficiency
           8.2.2 ELECTRIC VEHICLES
                    8.2.2.1 Need for auxiliary power sources
    8.3 AEROSPACE & DEFENSE 
           TABLE 16 AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY END USE, 2019–2021 (USD MILLION)
           TABLE 17 AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY END USE, 2022–2027 (USD MILLION)
           8.3.1 AVIATION
                    8.3.1.1 Increased use of wireless sensor networks in aircraft
                               TABLE 18 AVIATION: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                               TABLE 19 AVIATION: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    8.3.1.2 Civil aircraft
                    8.3.1.3 Military aircraft
                    8.3.1.4 Unmanned aerial vehicles
           8.3.2 DEFENSE
                    TABLE 20 DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                    TABLE 21 DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    8.3.2.1 Military vehicles
                    8.3.2.2 Power generators
                    8.3.2.3 Soldier systems
    8.4 MARINE 
           TABLE 22 MARINE: THERMOELECTRIC GENERATORS MARKET, BY VESSEL TYPE, 2019–2021 (USD MILLION)
           TABLE 23 MARINE: THERMOELECTRIC GENERATORS MARKET, BY VESSEL TYPE, 2022–2027 (USD MILLION)
           8.4.1 MILITARY SHIPS
                    8.4.1.1 Need for waste heat energy recovery to power sensors and electronics control on ships
           8.4.2 COMMERCIAL SHIPS
                    8.4.2.1 Growing concerns regarding maritime carbon emission
    8.5 INDUSTRIAL 
           TABLE 24 INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)
           TABLE 25 INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)
           8.5.1 CHEMICAL PROCESSING
                    8.5.1.1 Used in direct-fired reboilers and reactors
           8.5.2 ALUMINUM & STEEL FOUNDRY
                    8.5.2.1 Used in smelters & blast furnaces
           8.5.3 GLASS & METAL CASTING FOUNDRY
                    8.5.3.1 Used in industrial waste heat recovery
    8.6 CONSUMER 
           TABLE 26 CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY END USE, 2019–2021 (USD MILLION)
           TABLE 27 CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY END USE, 2022–2027 (USD MILLION)
           8.6.1 WEARABLES
                    8.6.1.1 Increasing demand for heart monitoring devices
           8.6.2 CONSUMER ELECTRONICS
                    8.6.2.1 Rising use of energy-harvesting electronics
    8.7 HEALTHCARE 
           TABLE 28 HEALTHCARE: THERMOELECTRIC GENERATORS MARKET, BY DEVICE TYPE, 2019–2021 (USD MILLION)
           TABLE 29 HEALTHCARE: THERMOELECTRIC GENERATORS MARKET, BY DEVICE TYPE, 2022–2027 (USD MILLION)
           8.7.1 IMPLANTABLE
                    8.7.1.1 Increased adoption of TEGs in medical devices to harvest ambient heat
           8.7.2 WEARABLES
                    8.7.2.1 Growing trend of wearable medical devices
    8.8 OIL & GAS 
    8.9 MINING 
    8.10 TELECOMMUNICATIONS 
           TABLE 30 TELECOMMUNICATIONS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION TYPE, 2019–2021 (USD MILLION)
           TABLE 31 TELECOMMUNICATIONS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION TYPE, 2022–2027 (USD MILLION)
           8.10.1 DATA CENTERS
                    8.10.1.1 Conversion of surplus heat into electricity
           8.10.2 COMMUNICATION TOWERS
                    8.10.2.1 Increased signal strength to provide 5G services
 
9 THERMOELECTRIC GENERATORS MARKET, BY TYPE (Page No. - 105)
    9.1 INTRODUCTION 
           FIGURE 30 THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 32 THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)
           TABLE 33 THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)
    9.2 SINGLE-STAGE 
           9.2.1 USED IN LOW-TEMPERATURE APPLICATIONS
    9.3 MULTI-STAGE 
           9.3.1 USED IN HIGH-TEMPERATURE APPLICATIONS
 
10 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE (Page No. - 108)
     10.1 INTRODUCTION 
             FIGURE 31 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             TABLE 34 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
             TABLE 35 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
     10.2 LOW-TEMPERATURE (<80°C) 
             10.2.1 INCREASED USE OF WEARABLES IN COMMERCIAL AND HEALTHCARE APPLICATIONS
     10.3 MEDIUM-TEMPERATURE (80–500°C) 
             10.3.1 RISING AWARENESS OF FUEL EFFICIENCY AND REDUCTION OF CARBON EMISSIONS
     10.4 HIGH-TEMPERATURE (>500°C) 
             10.4.1 SIGNIFICANCE OF INDUSTRIAL WASTE HEAT
 
11 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE (Page No. - 111)
     11.1 INTRODUCTION 
             FIGURE 32 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
             TABLE 36 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2019–2021 (USD MILLION)
             TABLE 37 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
     11.2 LOW-POWER (<10 W) 
             11.2.1 USED IN CONSUMER AND HEALTHCARE APPLICATIONS
     11.3 MEDIUM-POWER (10–1 KW) 
             11.3.1 NEED FOR AUTOMOTIVE WASTE HEAT RECOVERY
     11.4 HIGH-POWER (>1 KW) 
             11.4.1 HIGH POWER DEMAND FROM INDUSTRIAL AND OIL & GAS SECTORS
 
12 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL (Page No. - 114)
     12.1 INTRODUCTION 
             FIGURE 33 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
             TABLE 38 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2019–2021 (USD MILLION)
             TABLE 39 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
     12.2 BISMUTH TELLURIDE 
             12.2.1 USED IN THERMOELECTRIC DEVICES AND MODULES FOR WASTE HEAT RECOVERY
     12.3 LEAD TELLURIDE 
             12.3.1 REASONABLE PRICE AND HIGH FIGURE OF MERIT ZT
     12.4 OTHER MATERIALS 
 
13 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT (Page No. - 117)
     13.1 INTRODUCTION 
             FIGURE 34 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
             TABLE 40 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT, 2019–2021 (USD MILLION)
             TABLE 41 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     13.2 HEAT SOURCE 
             13.2.1 INCREASING TREND OF VEHICLE ELECTRIFICATION
     13.3 THERMOELECTRIC MODULE 
             13.3.1 USE OF EFFICIENT MATERIALS FOR MANUFACTURING THERMOELECTRIC MODULES
     13.4 COLD SIDE 
             13.4.1 ENHANCED ELECTRICITY CONVERSION CAPACITY
     13.5 ELECTRIC LOAD 
             13.5.1 GROWING DEMAND FOR EFFICIENT ELECTRIC LOAD DEVICES
 
14 THERMOELECTRIC GENERATORS MARKET, BY REGION (Page No. - 120)
     14.1 INTRODUCTION 
             FIGURE 35 THERMOELECTRIC GENERATORS MARKET, BY REGION, 2022–2027
     14.2 RECESSION IMPACT ANALYSIS 
             TABLE 42 RECESSION IMPACT ANALYSIS
     14.3 NORTH AMERICA 
             14.3.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 36 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
                        TABLE 43 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 44 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 45 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                        TABLE 46 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                        TABLE 47 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 48 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 49 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                        TABLE 50 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
                        TABLE 51 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2019–2021 (USD MILLION)
                        TABLE 52 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
                        TABLE 53 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2019–2021 (USD MILLION)
                        TABLE 54 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
             14.3.2 US
                        14.3.2.1 Use of thermoelectric generators in space applications
                                     TABLE 55 US: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 56 US: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 57 US: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 58 US: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 59 US: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 60 US: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.3.3 CANADA
                        14.3.3.1 High demand from industrial sector
                                     TABLE 61 CANADA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 62 CANADA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 63 CANADA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 64 CANADA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 65 CANADA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 66 CANADA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
     14.4 EUROPE 
             14.4.1 PESTLE ANALYSIS: EUROPE
                        FIGURE 37 EUROPE: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
                        TABLE 67 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                        TABLE 68 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                        TABLE 69 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 70 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 71 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                        TABLE 72 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
                        TABLE 73 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2019–2021 (USD MILLION)
                        TABLE 74 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
                        TABLE 75 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2019–2021 (USD MILLION)
                        TABLE 76 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
                        TABLE 77 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 78 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             14.4.2 UK
                        14.4.2.1 Large-scale use of renewable sources of energy
                                     TABLE 79 UK: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 80 UK: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 81 UK: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 82 UK: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 83 UK: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 84 UK: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.3 GERMANY
                        14.4.3.1 Used for converting solar radiation into electricity
                                     TABLE 85 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 86 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 87 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 88 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 89 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 90 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.4 FRANCE
                        14.4.4.1 Used in automotive applications
                                     TABLE 91 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 92 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 93 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 94 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 95 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 96 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.5 ITALY
                        14.4.5.1 Use of variable renewable energy generators in power plants
                                     TABLE 97 ITALY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 98 ITALY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 99 ITALY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 100 ITALY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 101 ITALY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 102 ITALY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.6 SPAIN
                        14.4.6.1 Increase in solar-powered projects
                                     TABLE 103 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 104 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 105 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 106 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 107 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 108 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.7 SWEDEN
                        14.4.7.1 Deployment in automotive and manufacturing sectors
                                     TABLE 109 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 110 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 111 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 112 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 113 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 114 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.8 RUSSIA
                        14.4.8.1 High domestic demand for military aircraft
                                     TABLE 115 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 116 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 117 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 118 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 119 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 120 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.4.9 REST OF EUROPE
                        14.4.9.1 Stringent emission norms
                                     TABLE 121 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 122 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 123 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 124 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 125 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 126 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
     14.5 ASIA PACIFIC 
             14.5.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 38 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
                        TABLE 127 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                        TABLE 128 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                        TABLE 129 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 130 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 131 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                        TABLE 132 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
                        TABLE 133 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2019–2021 (USD MILLION)
                        TABLE 134 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
                        TABLE 135 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2019–2021 (USD MILLION)
                        TABLE 136 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
                        TABLE 137 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
                        TABLE 138 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             14.5.2 CHINA
                        14.5.2.1 Industrialization and demand for hybrid vehicles
                                     TABLE 139 CHINA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 140 CHINA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 141 CHINA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 142 CHINA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 143 CHINA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 144 CHINA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.5.3 INDIA
                        14.5.3.1 Development of environment-friendly energy solutions to control pollution
                                     TABLE 145 INDIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 146 INDIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 147 INDIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 148 INDIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 149 INDIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 150 INDIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.5.4 JAPAN
                        14.5.4.1 Demand for new-age electric vehicles
                                     TABLE 151 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 152 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 153 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 154 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 155 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 156 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.5.5 AUSTRALIA
                        14.5.5.1 Increased investment in renewable energy generation
                                     TABLE 157 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 158 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 159 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 160 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 161 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 162 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.5.6 SOUTH KOREA
                        14.5.6.1 Rise in TEG technology-related R&D projects
                                     TABLE 163 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 164 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 165 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 166 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 167 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 168 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.5.7 REST OF ASIA PACIFIC
                        TABLE 169 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                        TABLE 170 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                        TABLE 171 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 172 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 173 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                        TABLE 174 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
     14.6 REST OF THE WORLD 
             14.6.1 PESTLE ANALYSIS: REST OF THE WORLD
                        TABLE 175 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY REGION, 2019–2021 (USD MILLION)
                        TABLE 176 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 177 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                        TABLE 178 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                        TABLE 179 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                        TABLE 180 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 181 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                        TABLE 182 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
                        TABLE 183 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2019–2021 (USD MILLION)
                        TABLE 184 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2022–2027 (USD MILLION)
                        TABLE 185 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2019–2021 (USD MILLION)
                        TABLE 186 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
             14.6.2 LATIN AMERICA
                        14.6.2.1 Use of thermoelectric generators in manufacturing and energy industries
                                     TABLE 187 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 188 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 189 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 190 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 191 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 192 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.6.3 MIDDLE EAST
                        14.6.3.1 Demand from oil & gas industry
                                     TABLE 193 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 194 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 195 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 196 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 197 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 198 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
             14.6.4 AFRICA
                        14.6.4.1 Adoption of advanced technologies for waste heat recovery and power generation
                                     TABLE 199 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2019–2021 (USD MILLION)
                                     TABLE 200 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                                     TABLE 201 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                     TABLE 202 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                                     TABLE 203 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2019–2021 (USD MILLION)
                                     TABLE 204 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2022–2027 (USD MILLION)
 
15 COMPETITIVE LANDSCAPE (Page No. - 192)
     15.1 INTRODUCTION 
     15.2 COMPANY OVERVIEW 
             TABLE 205 KEY DEVELOPMENTS BY LEADING PLAYERS IN THERMOELECTRIC GENERATORS MARKET
     15.3 RANK ANALYSIS, 2021 
             FIGURE 39 MARKET RANKING OF KEY PLAYERS, 2021
     15.4 REVENUE ANALYSIS, 2018–2021 
             FIGURE 40 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2021
     15.5 MARKET SHARE ANALYSIS, 2021 
             FIGURE 41 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021
             TABLE 206 THERMOELECTRIC GENERATORS MARKET: DEGREE OF COMPETITION
     15.6 COMPETITIVE EVALUATION QUADRANT 
             15.6.1 STARS
             15.6.2 EMERGING LEADERS
             15.6.3 PERVASIVE PLAYERS
             15.6.4 PARTICIPANTS
           FIGURE 42 MARKET COMPETITIVE LEADERSHIP MAPPING, 2021
     15.7 STARTUP/SME EVALUATION QUADRANT 
             15.7.1 PROGRESSIVE COMPANIES
             15.7.2 RESPONSIVE COMPANIES
             15.7.3 DYNAMIC COMPANIES
             15.7.4 STARTING BLOCKS
                        FIGURE 43 STARTUP/SME COMPETITIVE LEADERSHIP MAPPING, 2021
     15.8 COMPETITIVE BENCHMARKING 
             TABLE 207 COMPANY FOOTPRINT
             TABLE 208 COMPANY REVENUE/PRODUCT FOOTPRINT
             TABLE 209 COMPANY APPLICATION FOOTPRINT
             TABLE 210 COMPANY REGIONAL FOOTPRINT
     15.9 COMPETITIVE SCENARIO 
             15.9.1 MARKET EVALUATION FRAMEWORK
             15.9.2 PRODUCT LAUNCHES
                        TABLE 211 PRODUCT LAUNCHES, 2018–2022
             15.9.3 DEALS
                        TABLE 212 DEALS, 2020–2022
             15.9.4 OTHERS
                        TABLE 213 OTHERS, 2020–2022
 
16 COMPANY PROFILES (Page No. - 209)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     16.1 INTRODUCTION 
     16.2 KEY PLAYERS 
             16.2.1 GENTHERM INC.
                        TABLE 214 GENTHERM INC.: BUSINESS OVERVIEW
                        FIGURE 44 GENTHERM INC.: COMPANY SNAPSHOT
                        TABLE 215 GENTHERM INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 216 GENTHERM INC.: PRODUCT LAUNCHES
                        TABLE 217 GENTHERM INC: OTHERS
             16.2.2 COHERENT CORP.
                        TABLE 218 COHERENT CORP.: BUSINESS OVERVIEW
                        FIGURE 45 COHERENT CORP.: COMPANY SNAPSHOT
                        TABLE 219 COHERENT CORP.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 220 COHERENT CORP.: PRODUCT LAUNCHES
                        TABLE 221 COHERENT CORP.: OTHERS
             16.2.3 FERROTEC HOLDINGS CORPORATION
                        TABLE 222 FERROTEC HOLDINGS CORPORATION: BUSINESS OVERVIEW
                        FIGURE 46 FERROTEC HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 223 FERROTEC HOLDINGS CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 224 FERROTEC HOLDINGS CORPORATION: PRODUCT LAUNCHES
                        TABLE 225 FERROTEC HOLDINGS CORPORATION: OTHERS
             16.2.4 LAIRD THERMAL SYSTEMS, INC.
                        TABLE 226 LAIRD THERMAL SYSTEMS, INC.: BUSINESS OVERVIEW
                        TABLE 227 LAIRD THERMAL SYSTEMS, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 228 LAIRD THERMAL SYSTEMS, INC.: PRODUCT LAUNCHES
             16.2.5 TECTEG MFR.
                        TABLE 229 TECTEG MFR.: BUSINESS OVERVIEW
                        TABLE 230 TECTEG MFR.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 231 TECTEG MFR.: PRODUCT LAUNCHES
             16.2.6 KOMATSU LTD.
                        TABLE 232 KOMATSU LTD.: BUSINESS OVERVIEW
                        FIGURE 47 KOMATSU LTD.: COMPANY SNAPSHOT
                        TABLE 233 KOMATSU LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 234 KOMATSU LTD.: PRODUCT LAUNCHES
             16.2.7 YAMAHA CORPORATION
                        TABLE 235 YAMAHA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 YAMAHA CORPORATION: COMPANY SNAPSHOT
                        TABLE 236 YAMAHA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 237 YAMAHA CORPORATION: PRODUCT LAUNCHES
                        TABLE 238 YAMAHA CORPORATION: DEALS
             16.2.8 TOSHIBA CORPORATION
                        TABLE 239 TOSHIBA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 49 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 240 TOSHIBA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.9 MAHLE GMBH
                        TABLE 241 MAHLE GMBH: BUSINESS OVERVIEW
                        FIGURE 50 MAHLE GMBH: COMPANY SNAPSHOT
                        TABLE 242 MAHLE GMBH: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.10 MURATA MANUFACTURING CO., LTD.
                        TABLE 243 MURATA MANUFACTURING CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 51 MURATA MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
                        TABLE 244 MURATA MANUFACTURING CO., LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.11 CUI DEVICES
                        TABLE 245 CUI DEVICES: BUSINESS OVERVIEW
                        TABLE 246 CUI DEVICES: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 247 CUI DEVICES: PRODUCT LAUNCHES
             16.2.12 ANALOG DEVICES, INC.
                        TABLE 248 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
                        FIGURE 52 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
                        TABLE 249 ANALOG DEVICES, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.13 FAURECIA SE
                        TABLE 250 FAURECIA SE: BUSINESS OVERVIEW
                        FIGURE 53 FAURECIA SE: COMPANY SNAPSHOT
                        TABLE 251 FAURECIA SE: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.14 KYOCERA CORPORATION
                        TABLE 252 KYOCERA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 54 KYOCERA CORPORATION: COMPANY SNAPSHOT
                        TABLE 253 KYOCERA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 254 KYOCERA CORPORATION: PRODUCT LAUNCHES
                        TABLE 255 KYOCERA CORPORATION: OTHERS
             16.2.15 TEC MICROSYSTEMS GMBH
                        TABLE 256 TEC MICROSYSTEMS GMBH: BUSINESS OVERVIEW
                        TABLE 257 TEC MICROSYSTEMS GMBH: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 258 TEC MICROSYSTEMS GMBH: PRODUCT LAUNCHES
             16.2.16 RIF CORPORATION
                        TABLE 259 RIF CORPORATION: BUSINESS OVERVIEW
                        TABLE 260 RIF CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.17 PHONONIC, INC.
                        TABLE 261 PHONONIC, INC.: BUSINESS OVERVIEW
                        TABLE 262 PHONONIC, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 263 PHONONIC, INC.: DEALS
             16.2.18 RMT LTD.
                        TABLE 264 RMT LTD.: BUSINESS OVERVIEW
                        TABLE 265 RMT LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 266 RMT LTD.: PRODUCT LAUNCHES
             16.2.19 KRYOTHERM
                        TABLE 267 KRYOTHERM: BUSINESS OVERVIEW
                        TABLE 268 KRYOTHERM: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 269 KRYOTHERM: PRODUCT LAUNCHES
             16.2.20 EVERREDTRONICS LTD.
                        TABLE 270 EVERREDTRONICS LTD.: BUSINESS OVERVIEW
                        TABLE 271 EVERREDTRONICS LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.21 HI-Z TECHNOLOGY
                        TABLE 272 HI-Z TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 273 HI-Z TECHNOLOGY: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.22 PERPETUA POWER SOURCE TECHNOLOGIES, INC.
                        TABLE 274 PERPETUA POWER SOURCE TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 275 PERPETUA POWER SOURCE TECHNOLOGIES, INC.: PRODUCT/SOLUTIONS/ SERVICES OFFERED
             16.2.23 ALIGN SOURCING LLC
                        TABLE 276 ALIGN SOURCING LLC: BUSINESS OVERVIEW
                        TABLE 277 ALIGN SOURCING LLC: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.24 TELEDYNE ENERGY SYSTEMS, INC.
                        TABLE 278 TELEDYNE ENERGY SYSTEMS, INC.: BUSINESS OVERVIEW
                        FIGURE 55 TELEDYNE ENERGY SYSTEMS, INC.: COMPANY SNAPSHOT
                        TABLE 279 TELEDYNE ENERGY SYSTEMS, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 280 TELEDYNE ENERGY SYSTEMS, INC.: DEALS
                        TABLE 281 TELEDYNE ENERGY SYSTEMS, INC.: OTHERS
     16.3 OTHER PLAYERS 
             16.3.1 P&N TECHNOLOGY (XIAMEN) CO., LTD.
                        TABLE 282 P&N TECHNOLOGY (XIAMEN) CO., LTD.: COMPANY OVERVIEW
             16.3.2 TE TECHNOLOGY, INC.
                        TABLE 283 TE TECHNOLOGY, INC.: COMPANY OVERVIEW
             16.3.3 BRIMROSE CORPORATION
                        TABLE 284 BRIMROSE CORPORATION: COMPANY OVERVIEW
             16.3.4 BENTEK SYSTEMS
                        TABLE 285 BENTEK SYSTEMS: COMPANY OVERVIEW
             16.3.5 WELLEN TECHNOLOGY CO., LTD.
                        TABLE 286 WELLEN TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             16.3.6 RGS DEVELOPMENT BV
                        TABLE 287 RGS DEVELOPMENT: COMPANY OVERVIEW
             16.3.7 PL ENGINEERING LTD.
                        TABLE 288 PL ENGINEERING LTD.: COMPANY OVERVIEW
             16.3.8 MICROPELT
                        TABLE 289 MICROPELT: COMPANY OVERVIEW
             16.3.9 SHEETAK
                        TABLE 290 SHEETAK: COMPANY OVERVIEW
             16.3.10 GREENTEG AG
                        TABLE 291 GREENTEG AG: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
17 APPENDIX (Page No. - 277)
     17.1 DISCUSSION GUIDE 
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     17.3 CUSTOMIZATION OPTIONS 
     17.4 RELATED REPORTS 
     17.5 AUTHOR DETAILS 
 

 

This research study on the thermoelectric generators market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information relevant to the market. The primary sources considered included industry experts as well as service providers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the thermoelectric generators market as well as assess its growth prospects.

Secondary Research

Secondary sources referred for this research study included financial statements of companies offering thermoelectric generators based on different applications, verticals, type, temperature, wattage, component, and material along with information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the market that was validated by primary respondents.

Primary Research

In the primary research process, various sources were interviewed to obtain qualitative and quantitative information on the market. Sources from the supply side included various industry experts, such as chief X officers (CXOs), vice presidents (VPs), and directors from business development, marketing, and product development/innovation teams; related key executives from the market participants, such as Ferrotec Holdings Corporation, Komatsu Ltd., Murata Manufacturing Co., Ltd., Analog Devices; independent consultants; importers; distributors of thermoelectric generator systems; and key opinion leaders.

Extensive primary research was conducted after obtaining information about the current scenario of the thermoelectric generators market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across five regions: North America, Europe, Asia Pacific, and the Rest of the World. This primary data was collected through questionnaires, emails, and telephonic interviews.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. It also helped analyze the application, type, vertical, temperature, wattage, material, and component segments of the market for four key regions.

Thermoelectric Generators Market Size, and Share

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Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the thermoelectric generators market. The research methodology used to estimate the market size also included the following details.

  • The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.
  • This data has been consolidated, added with detailed inputs and analysis by MarketsandMarkets, and presented in this report.

Market size estimation methodology: Bottom-Up Approach

Thermoelectric Generators Market Size, and Bottom-Up Approach

Market size estimation methodology: Top- Down Approach

Thermoelectric Generators Market Size, and Top- Down Approach

Data Triangulation

After arriving at the overall size of the thermoelectric generators market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

The following figure indicates the market breakdown structure and data triangulation procedure implemented in the market engineering process for developing this report.

Thermoelectric Generators Market Size, and triangulation

Report Objectives

  • To define, describe, segment, and forecast the size of the thermoelectric generators market based on application, type, vertical, temperature, wattage, material, component, and region
  • To forecast the size of different segments of the market with respect to four key regions, namely North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To identify technology trends currently prevailing in the market
  • To provide an overview of the tariff and regulatory landscape with respect to thermoelectric generators across different regions
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for the stakeholders by identifying key market trends
  • To analyze the impact of revenue on the market and its stakeholders
  • To profile the leading market players and comprehensively analyze their market share and core competencies2
  • To analyze the degree of competition in the market by identifying key growth strategies, such as new product launches, contracts, deals, and agreements, adopted by the leading market players
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market
  • To provide a detailed competitive landscape of the thermoelectric generators market, along with a ranking analysis, market share analysis, and revenue analysis of the key players

Available Customizations

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Product Analysis

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Company Information

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Published ON
Mar, 2023
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