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 2026

Report Code: AS 3743 Aug, 2021, by marketsandmarkets.com

[257 Pages Report] Thermoelectric generators (TEG) are solid state devices that convert heat into electricity. They are based on the Seebeck effect, which produces an electric current when dissimilar metals are exposed to varying temperatures. Thermoelectric generators have p-type and n-type elements through which the electrons migrate and as a result, generate electric current. These generators are a renewable energy source and are easy to install, safe to store, cost-effective, and low-maintenance products.

The thermoelectric generator market has been segmented based on vertical, type, component, wattage, temperature, material, application and region. By application, the market has been segmented into waste heat recovery, energy harvesting, direct power generation, co-generation. These segments look after various ways in which TEG generate electricity from heat. The vertical segment includes various sectors in which TEGs are utilized, namely automotive, aerospace & defense, industrial, consumer, marine, healthcare, oil & gas, mining, and telecommunications. By wattage, the market has been segmented low power (<10w), medium power (10-1 kw), high power(>1 kw) depending on the type of application. By material, the market has been segmented into Bismuth Telluride, Lead Telluride, others. By temperature, the market is segmented into low (<80°C), medium (80°- 500°C), high (> 500°C). And accordingly used in various verticals. Also, the market is segmented according to various components that make up the TEGs namely Heat Source, Thermoelectric Module, Cold Side, Electric Load. The type segment includes single stage and multi stage, defined based on their design and the number of stages present. The TEG market is segmented according to five key regions in this report, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their key countries.

The overall thermoelectric generator market is projected to grow from USD 406 million in 2021 to USD 635 million by 2026, at a CAGR of 9.4% from 2021 to 2026. North America is estimated to account for the largest share of the thermoelectric generator market from 2021 to 2026.

Thermoelectric generators and thermoelectric materials that were previously utilized primarily in niche applications are now becoming more popular with the introduction of wider automotive applications and the efforts to exploit waste-heat-recovery technologies. Thermoelectric generators are not only highly reliable and durable, but they are also environmentally friendly because they do not include chemical products. These reasons are boosting their demand further.

Thermoelectric Generators Market

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COVID-19 impact on the TEG Market

The occurrence of the COVID-19 pandemic is an unparalleled global public health emergency that has disrupted almost every industry, and long-term effects are expected on the thermoelectric modules market as well. This is primarily due to the decline in aerospace, industrial, and automotive applications. Consumer electronics saw a drop in revenue initially in 2020 and is still lagging due to active cases of COVID-19 even in 2021. The telecommunications and medical segments also experienced a slight decline due to total lockdowns since remote communications, medicine/vaccine storage, and transport and pharmaceutical research have been given more importance during the pandemic. This led to a decrease in the growth of the thermoelectric generators market. There is a substantial drop in demand and restricted cash inflow, which have influenced the growth of the automotive thermoelectric generators market as well. For instance, Komatsu Ltd. (Japan), the world's leading supplier of precise thermal control systems based on thermoelectric modules, has witness extremely unstable demand because of the pandemic.

TEG Market Dynamics:

Driver: Durable and maintenance-free power sources

Most power sources such as batteries and various generators add to overall costs as they require maintenance. Thermoelectric generators are not only highly reliable and durable, but they are also environmentally friendly because they do not include chemical products. They run silently because they do not possess any mechanical structures and/or moving parts and can be manufactured using many types of substrates like silicon, polymers, and ceramics. No significant degradation of TEGs is observed, although there are possibilities of mechanical or chemical degradation caused by the formation of foreign material that degrades heat transfer. Moreover, TEGs are position-independent, offer extended lifetime (average life span of 25 years), and are suitable for integration into bulk and flexible devices. This is attracting interest from automotive as well as other industries where heat is a by-product.

Opportunity: Ongoing research & development to upgrade TEG performance

As low efficiency is a hurdle to the development of TEGs, researchers and manufacturers are looking to overcome three main challenges: enhancing ZT, improving the operating range of materials to operate with higher temperature differences, and, lastly, exploring low-cost materials to counteract the negative effect of low efficiency. Presently obtainable TE materials have a ZT of around 1 or less. In the last 10 years, bismuth telluride (Bi2Te3) has been the only material used for industrial thermoelectric modules. The formula for highest efficiency (ηmax) of heat transformation into electricity by a thermoelectric device in terms of the dimensionless figure of merit (ZT) has been commonly employed to assess the desirability of thermoelectric materials for devices. In recent times, researchers are focusing on the industrialization of novel thermoelectric materials with a higher figure of merit. Researchers have accomplished the synthesizing of some materials, such as Cu2−x Se and PbTe 0.7 S 0.3, with a figure of merit ZT > 2.

Since thermoelectric materials properties are related to temperature, they usually present the greatest ZT under a certain temperature range. Hence, to attain maximum benefit, recent studies are focusing on designing and fabricating thermocouples with segmented materials centered on the operating temperature to withstand the required heat source’s temperature while retaining the highest ZT.

Challenge: Existence of prominent substitutes and structural complexity

Solar energy generation 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 is highly dependent on the operating temperature and 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 need to be customized, which needs extra money. This is a major challenge for the commercialization of this technology. Existing materials that are used for thermoelectric power generation have limitations in terms of efficiency. Bi-Te, Pb-Te, Si-Ge, and other traditional materials provide very low or average efficiency (of 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.

“ By wattage, low power (<10 W) sub-segment of TEG Market would have the highest CAGR during the forecast period”

Based on wattage, the thermoelectric generators market is segmented into low power (<10 W), medium power (10-1 kW), and high power (> 1 kW). The power produced by thermoelectric generators is highly dependent upon the temperature applied to their plates. The low power (<10 W) segment of the thermoelectric generators market is projected to grow at the highest CAGR during the forecast period. The increased use of wearables and handheld consumer electronic devices is the major driver for the growth of the low power segment

“By type, the single stage segment is estimated to lead the TEG market”

Based on type, considering the flow and heat transfer process of the heat source along with the cold source, TEGs are categorized into single stage and multistage. The single stage segment held the major share of the global TEG market in 2020 and multi stage segment is going to have the highest CAGR during the forecast period.

“ By temperature, the low temperature segment is projected to register the highest CAGR during the forecast period”

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 the thermoelectric generators are used in. By temperature, the low (<80°C) segment of the thermoelectric generator (TEG) market is projected to register the highest CAGR of 11.2% during the forecast period. Stringent laws to reduce CO2 emission have led to the increasing application of thermoelectric generators.

“By material, Bismuth Telluride segment is estimated to account for the largest market share of TEG market during the forecast period”

Based on material, the thermoelectric generators market is segmented into bismuth telluride, lead telluride, and others. The selection of the thermoelectric material is dependent on the temperature range at which the material is used. Currently, bismuth telluride is the most widely used material as it has the highest figure of merit and exhibits high performance across applications. The Bismuth Telluride segment of the thermoelectric generators (TEG) market is projected to register the highest CAGR during the forecast period.

“ By component, the thermoelectric module segment is projected to register the highest CAGR during the forecast period”

Based on component, the thermoelectric generators market is segmented into heat source, thermoelectric module, cold side, and electric load. These components are made of materials such as bismuth telluride, lead telluride, and others for better thermal conductivity. The thermoelectric module segment is projected to have the highest CAGR during the forecast period. Increasing use of efficient materials for manufacturing thermoelectric modules boosts demand.

“By vertical, the industrial segment is estimated to account for the largest market share of TEG market during the forecast period”

Based on vertical, the thermoelectric generators market is segmented into automotive, aerospace & defense, marine, industrial, consumer, healthcare, oil & gas, mining, and telecommunications. The industrial segment is projected to record the highest growth during the forecast period owing to the adoption of TEGs in smelters & blast furnaces, and other chemical processing applications.

“ By application, the waste heat recovery segment is projected to register the highest CAGR during the forecast period”

Based on application, the thermoelectric generators market is segmented into energy harvesting, waste heat recovery, direct power generation, and co-generation. The waste heat recovery application is expected to lead the market for TEGs during the forecast period driven by the increasing trend of electrification of automobiles. This trend will help increase the demand for TEGs, which produce electricity from the waste heat from automobiles.

“ Europe is projected to grow at the highest CAGR during the forecast period.”

The European region is estimated to account for the highest CAGR of the thermoelectric generators market in 2021. The UK, France, Germany, Italy, Sweden, Spain, Russia, and the Rest of Europe are considered under this regional market analysis. Increasingly stringent regulations related to C02 emissions from vehicles are one of the major factors driving the market for TEGs in Europe. The EU is the world’s largest region that uses renewable energy. According to Eurostat, roughly 26% of the EU's electricity, 17% of the EU heating and cooling sector along with 6% of EU transport energy are derived from renewable energy sources. Europe invests significantly in total renewable energy, owing to its increasing use in the power sector and the growing demand for renewable electrical energy across various industries. This, in turn, is expected to fuel the demand for thermoelectric generators in the region.

Thermoelectric Generators Market by Region

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Key Market Players

Key players operating in the TEG market include Gentherm, Inc (US), II-VI Incorporated (US), Ferrotec Corporation (Japan), Laird Thermal Systems (UK), Komatsu Ltd. (Japan), and TEC Microsystems (Germany).

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Scope of the Report

Report Metric

Details

Market size available for years

2019-2025

Base year considered

2020

Forecast period

2021-2026

Forecast units

Value (USD)

Segments covered

By applications, component, type, wattage, temperature, vertical and materials.

 

Geographies covered

North America, Asia Pacific, Europe and RoW (Rest of the World)

Companies covered

Gentherm, Inc (US), II-VI Incorporated (US), Ferrotec Corporation (Japan), Laird Thermal System (UK), Komatsu Ltd. (Japan), and TEC Microsystems (Germany), Rmt Ltd.(Russia), Yamaha Corporation (Japan) and few others.

This research report categorizes the TEG Market based on applications, component, type, wattage, temperature, vertical and materials

TEG Market, By Component

  • Heat Source
  • Thermoelectric Module
  • Cold Side
  • Electric Load

TEG Market, By Wattage

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

TEG Market, By Application

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

TEG Market, By Temperature

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

TEG Market, By Vertical

  • Automotive
    • IC-Powered Vehicles
    • Electric Vehicles
  • Aerospace &Defense
    • Aviation
      • Civil
      • Military
      • UAVs
    • Defense
      • Military Vehicles
      • Power Generators
      • Soldier Systems
  • Marine
    • Military Ships
    • Commercial Ships
  • Industrial
    • Chemical
    • Aluminum & Steel
    • Glass & Metal Casting
  • Consumer
    • Wearables
    • Consumer Electronics
  • Healthcare
    • Implantables
    • Wearables
  • Oil & Gas
  • Mining
  • Telecommunications

TEG Market, By Material

  • Bismuth Telluride
  • Lead Telluride
  • Others

TEG Market, By Type

  • Single Stage
  • Multistage

TEG Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW (Rest of the World)

Recent Developments

  • In April 2021, Laird Thermal Systems launched the PCX Thermoelectric Cooler Series to increase the reliability of PCR cycling. It is used for Analytical, Medical, Medical Diagnostics, DNA Amplification and is available as thermoelectric coolers, PowerCycling PCX Series.
  • In March 2021, DX4091 Z-Meter is a single-channel device that has an internal chamber for test frame placement containing a mounted pellet sample. The chamber’s cover is magnetically locked when being closed or opened.
  • In April 2018, Gentherm Inc. launched a thermoelectric based solution for 48-volt lithium-ion battery thermal management for the automotive industry. This thermoelectric technology is fully integrated into the battery housing and is able to heat and cool the lithium-ion battery cells.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 OBJECTIVES OF STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 THERMOELECTRIC GENERATORS MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY
          TABLE 1 USD EXCHANGE RATE
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA
          FIGURE 1 RESEARCH PROCESS FLOW
          FIGURE 2 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 data from primary sources
           2.1.3 KEY PRIMARY SOURCES
    2.2 FACTOR ANALYSIS
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
    2.3 RESEARCH APPROACH AND METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market Size Estimation & Methodology
                    2.3.1.2 Regional split of thermoelectric generators market
                                FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 TRIANGULATION AND VALIDATION
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
                    FIGURE 5 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
          FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
           2.5.1 ASSUMPTIONS USED IN MARKET SIZING AND FORECAST
    2.6 RISKS

3 EXECUTIVE SUMMARY (Page No. - 55)
    FIGURE 7 WASTE HEAT RECOVERY SEGMENT PROJECTED TO HOLD LEADING SHARE DURING FORECAST PERIOD
    FIGURE 8 MEDIUM POWER SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD
    FIGURE 9 BISMUTH TELLURIDE PROJECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD
    FIGURE 10 THERMOELECTRIC MODULE SEGMENT TO COMMAND MAJOR SHARE DURING FORECAST PERIOD
    FIGURE 11 MARKET IN EUROPE TO REGISTER HIGHEST CAGR FROM 2021 TO 2026

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THERMOELECTRIC GENERATORS MARKET
           FIGURE 12 NEED FOR DURABLE & MAINTENANCE-FREE POWER SOURCES DRIVES TEG MARKET
    4.2 THERMOELECTRIC GENERATORS MARKET, BY TYPE
           FIGURE 13 MULTISTAGE SEGMENT PROJECTED TO GROW FASTER DURING FORECAST PERIOD
    4.3 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL
           FIGURE 14 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.4 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE
           FIGURE 15 LOW TEMPERATURE SEGMENT TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
    4.5 THERMOELECTRIC GENERATORS MARKET, BY REGION
           FIGURE 16 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET IN 2021
    4.6 EUROPE THERMOELECTRIC GENERATORS MARKET, BY COUNTRY
           FIGURE 17 GERMANY ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF MARKET IN EUROPE IN 2021

5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 18 MARKET DYNAMICS: THERMOELECTRIC GENERATORS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for fuel efficiency amidst stringent emission control norms
                              FIGURE 19 CARBON DIOXIDE EMISSIONS, BY REGION 2009-2019
                    5.2.1.2 Increasing demand in remote areas of developing countries
                    5.2.1.3 Durable and maintenance-free power sources
           5.2.2 RESTRAINTS
                    5.2.2.1 Low efficiency of TEGs
                    5.2.2.2 High initial cost and lack of skilled personnel
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Ongoing research & development to upgrade TEG performance
                    5.2.3.2 Adoption of thermoelectric generators across various sectors
           5.2.4 CHALLENGES
                    5.2.4.1 Existence of prominent substitutes and structural complexity
    5.3 IMPACT OF COVID-19 ON THERMOELECTRIC GENERATORS MARKET
          FIGURE 20 IMPACT OF COVID-19 ON THERMOELECTRIC GENERATORS MARKET
          FIGURE 21 IMPACT OF COVID-19 ON SUPPLY AND DEMAND SIDE OF THERMOELECTRIC GENERATORS MARKET
    5.4 RANGE/SCENARIOS
          FIGURE 22 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF THERMOELECTRIC GENERATORS MARKET WITH REGARDS TO COVID-19 PANDEMIC
    5.5 AVERAGE SELLING PRICE
          TABLE 2 AVERAGE SELLING PRICE OF THERMOELECTRIC GENERATORS, BY APPLICATION
    5.6 VALUE CHAIN ANALYSIS
          FIGURE 23 VALUE CHAIN OF THERMOELECTRIC GENERATORS MARKET
    5.7 MARKET ECOSYSTEM MAP
          FIGURE 24 MARKET ECOSYSTEM MAP FOR THERMOELECTRIC GENERATORS
    5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
           5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR THERMOELECTRIC GENERATORS MARKET
                    FIGURE 25 REVENUE SHIFT CURVE FOR THERMOELECTRIC GENERATORS MARKET
    5.9 PORTER’S FIVE FORCES ANALYSIS
          TABLE 3 PORTER’S FIVE FORCES
          FIGURE 26 PORTER’S FIVE FORCES ANALYSIS FOR THERMOELECTRIC GENERATORS MARKET
           5.9.1 THREATS OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWERS OF SUPPLIERS
           5.9.4 BARGAINING POWERS OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 TARIFF AND REGULATORY LANDSCAPE

6 INDUSTRY TRENDS (Page No. - 74)
    6.1 INTRODUCTION
    6.2 TECHNOLOGY TRENDS
           6.2.1 AUTOMOTIVE EXHAUST THERMOELECTRIC GENERATORS (AETEGS)
           6.2.2 WEARABLE THERMOELECTRIC GENERATORS
           6.2.3 MINIATURE THERMOELECTRIC GENERATORS
           6.2.4 SOLAR THERMOELECTRIC GENERATOR (STEG)
           6.2.5 RADIOISOTOPE THERMOELECTRIC GENERATORS
           6.2.6 THERMOELECTRIC GENERATORS IN AEROSPACE SECTOR
           6.2.7 ADVANCEMENTS IN THERMOELECTRIC MATERIALS
    6.3 TECHNOLOGY ANALYSIS
           6.3.1 FLEXIBLE THERMOELECTRIC MATERIALS
           6.3.2 SELF- HEALING WEARABLE THERMOELECTRIC DEVICE
    6.4 USE CASES OF THERMOELECTRIC GENERATORS
           6.4.1 USE CASE OF TEGS IN SPACE DOMAIN
           6.4.2 USE CASE OF TEGS IN WASTE HEAT RECOVERY IN INDUSTRIES AND HOUSEHOLDS
           6.4.3 USE CASE OF TEGS IN HUMAN BODY
           6.4.4 USE CASE OF TEGS IN WASTE HEAT RECOVERY FOR TRANSPORT SYSTEMS
    6.5 IMPACT OF MEGATRENDS
           6.5.1 RAPID URBANIZATION AND ADVANCEMENTS IN THERMOELECTRIC MATERIALS
           6.5.2 BOOST FUEL EFFICIENCY
    6.6 INNOVATIONS & PATENT REGISTRATIONS
          TABLE 4 INNOVATIONS AND PATENT REGISTRATIONS, 2015–2019
    6.7 THERMOELECTRIC COOLERS
           6.7.1 USES OF THERMOELECTRIC COOLERS ACROSS VERTICALS

7 THERMOELECTRIC GENERATOR MARKET, BY APPLICATION (Page No. - 82)
    7.1 INTRODUCTION
          FIGURE 27 WASTE HEAT RECOVERY SEGMENT TO HOLD MAJOR SHARE DURING FORECAST PERIOD
          TABLE 5 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
          TABLE 6 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    7.2 WASTE HEAT RECOVERY
           7.2.1 HIGH DEMAND FROM INDUSTRIAL AND AUTOMOTIVE SECTORS FOR WASTE HEAT HARVESTING TO INCREASE DEMAND FOR TEGS
    7.3 ENERGY HARVESTING
           7.3.1 GROWING DEMAND FOR CONSUMER AND HEALTHCARE WEARABLES WILL DRIVE SEGMENT
    7.4 DIRECT POWER GENERATION
           7.4.1 DEMAND FROM AEROSPACE, MINING, AND INDUSTRIAL SECTORS TO BOOST SEGMENT
    7.5 CO-GENERATION
           7.5.1 ADVANCEMENTS IN INDUSTRIAL CO-GENERATION SYSTEMS WILL DRIVE MARKET FOR TEGS

8 THERMOELECTRIC GENERATOR MARKET, BY VERTICAL (Page No. - 86)
    8.1 INTRODUCTION
          FIGURE 28 INDUSTRIAL SEGMENT TO BE SECOND-LARGEST GROWTH DURING FORECAST PERIOD
          TABLE 7 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
          TABLE 8 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
    8.2 AUTOMOTIVE
          TABLE 9 THERMOELECTRIC GENERATORS MARKET IN AUTOMOTIVE, BY VEHICLE TYPE,  2018–2020 (USD MILLION)
          TABLE 10 THERMOELECTRIC GENERATORS MARKET IN AUTOMOTIVE, BY VEHICLE TYPE,  2021–2026 (USD MILLION)
           8.2.1 IC-POWERED VEHICLES
                    8.2.1.1 Increased consumer demand for fuel efficiency drives adoption of TEG in IC-powered vehicles
           8.2.2 ELECTRIC VEHICLES
                    8.2.2.1 Increased demand for auxiliary power source to fuel demand
    8.3 AEROSPACE & DEFENSE
          TABLE 11 THERMOELECTRIC GENERATORS MARKET IN AEROSPACE & DEFENSE, BY END USE, 2018–2020 (USD MILLION)
          TABLE 12 THERMOELECTRIC GENERATORS MARKET IN AEROSPACE & DEFENSE, BY END USE, 2021–2026 (USD MILLION)
           8.3.1 AVIATION
                    8.3.1.1 Increasing demand for wireless sensor networks in aircraft boosts segment
                                TABLE 13 THERMOELECTRIC GENERATORS MARKET IN AVIATION, BY APPLICATION,  2018–2020 (USD MILLION)
                                TABLE 14 THERMOELECTRIC GENERATORS MARKET IN AVIATION, BY APPLICATION,  2021–2026 (USD MILLION)
                    8.3.1.2 Civil aircraft
                    8.3.1.3 Military aircraft
                    8.3.1.4 UAVs
           8.3.2 DEFENSE
                    TABLE 15 THERMOELECTRIC GENERATORS MARKET IN DEFENSE, BY APPLICATION,  2018–2020 (USD MILLION)
                    TABLE 16 THERMOELECTRIC GENERATORS MARKET IN DEFENSE, BY APPLICATION,  2021–2026 (USD MILLION)
                    8.3.2.1 Military vehicles
                    8.3.2.2 Power generators
                    8.3.2.3 Soldier systems
    8.4 MARINE
          TABLE 17 THERMOELECTRIC GENERATORS MARKET IN MARINE, BY VESSEL TYPE,  2018–2020 (USD MILLION)
          TABLE 18 THERMOELECTRIC GENERATOR MARKET IN MARINE, BY VESSEL TYPE,  2021–2026 (USD MILLION)
           8.4.1 MILITARY SHIPS
                    8.4.1.1 Demand for waste heat energy recovery to power sensors and electronics control on ships boosts TEG adoption
           8.4.2 COMMERCIAL SHIPS
                    8.4.2.1 Growing concerns regarding maritime carbon emission to boost adoption of TEGs
    8.5 INDUSTRIAL
          TABLE 19 THERMOELECTRIC GENERATORS MARKET IN INDUSTRIAL VERTICAL, BY TYPE,  2018–2020 (USD MILLION)
          TABLE 20 THERMOELECTRIC GENERATORS MARKET IN INDUSTRIAL VERTICAL, BY TYPE,  2021–2026 (USD MILLION)
           8.5.1 CHEMICAL
                    8.5.1.1 Use of TEGs in direct-fired reboilers and reactors is high
           8.5.2 ALUMINUM & STEEL
                    8.5.2.1 Increased use of TEGs in smelters & blast furnace to drive aluminum & steel segment
           8.5.3 GLASS & METAL CASTING
                    8.5.3.1 Use of TEG in industrial waste heat recovery on the rise
    8.6 CONSUMER
          TABLE 21 THERMOELECTRIC GENERATORS MARKET IN CONSUMER VERTICAL, BY END USE,  2018–2020 (USD MILLION)
          TABLE 22 THERMOELECTRIC GENERATORS MARKET IN CONSUMER VERTICAL, BY END USE,  2021–2026 (USD MILLION)
           8.6.1 WEARABLES
                    8.6.1.1 Growing demand for heart monitoring devices drives wearable segment
           8.6.2 CONSUMER ELECTRONICS
                    8.6.2.1 Increasing use of energy harvesting electronics to fuel segment
    8.7 HEALTHCARE
          TABLE 23 THERMOELECTRIC GENERATORS MARKET IN HEALTHCARE, BY DEVICE TYPE,  2018–2020 (USD MILLION)
          TABLE 24 THERMOELECTRIC GENERATORS MARKET IN HEALTHCARE, BY DEVICE TYPE,  2021–2026 (USD MILLION)
           8.7.1 IMPLANTS
                    8.7.1.1 Adoption of TEGs in medical devices to harvest ambient heat is increasing
           8.7.2 WEARABLE MEDICAL DEVICES
                    8.7.2.1 Various applications of wearable medical devices boost segment
    8.8 OIL & GAS
    8.9 MINING
    8.10 TELECOMMUNICATIONS

9 THERMOELECTRIC GENERATORS MARKET, BY TYPE (Page No. - 97)
    9.1 INTRODUCTION
          FIGURE 29 MULTISTAGE SEGMENT TO RECORD HIGH GROWTH DURING FORECAST PERIOD
          TABLE 25 THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2018–2020 (USD MILLION)
          TABLE 26 THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2021–2026 (USD MILLION)
    9.2 SINGLE STAGE
           9.2.1 USED IN APPLICATIONS WHERE HEAT SOURCE TEMPERATURE IS LESS THAN 326°C
    9.3 MULTISTAGE
           9.3.1 CONSIDERABLE ADVANTAGES OVER SINGLE STAGE TEGS AT HIGHER TEMPERATURE DIFFERENCE BOOST SEGMENT

10 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE (Page No. - 100)
     10.1 INTRODUCTION
             FIGURE 30 LOW TEMPERATURE SEGMENT PROJECTED TO RECORD HIGH GROWTH DURING FORECAST PERIOD
             TABLE 27 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
             TABLE 28 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2026 (USD MILLION)
     10.2 LOW TEMPERATURE (<80°C)
             10.2.1 INCREASING USE OF WEARABLE DEVICES IN COMMERCIAL AND HEALTHCARE APPLICATIONS DRIVES SEGMENT
     10.3 MEDIUM TEMPERATURE (80°- 500°C)
             10.3.1 RISING AWARENESS OF FUEL EFFICIENCY AND REDUCTION OF CARBON EMISSIONS BOOST MEDIUM TEMPERATURE SEGMENT
     10.4 HIGH TEMPERATURE (> 500°C)
             10.4.1 INDUSTRIAL WASTE HEAT - MAJOR FACTOR DRIVING HIGH TEMPERATURE SEGMENT

11 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE (Page No. - 103)
     11.1 INTRODUCTION
             FIGURE 31 MEDIUM POWER SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
             TABLE 29 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2018–2020 (USD MILLION)
             TABLE 30 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2021–2026 (USD MILLION)
     11.2 LOW POWER (<10 W)
             11.2.1 INCREASED DEMAND FOR CONSUMER AND HEALTHCARE WEARABLES FUEL SEGMENT
     11.3 MEDIUM POWER (10-1 KW)
             11.3.1 AUTOMOTIVE WASTE HEAT RECOVERY TO BOOST DEMAND FOR MEDIUM POWER TEGS
     11.4 HIGH POWER (>1 KW)
             11.4.1 HIGH POWER DEMAND FOR INDUSTRIAL & OIL & GAS DRIVES SEGMENT GROWTH

12 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL (Page No. - 106)
     12.1 INTRODUCTION
             FIGURE 32 BISMUTH TELLURIDE SEGMENT TO LEAD DURING FORECAST PERIOD
             TABLE 31 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2018–2020 (USD MILLION)
             TABLE 32 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
     12.2 BISMUTH TELLURIDE
             12.2.1 INCREASING USE OF BISMUTH TELLURIDE IN THERMOELECTRIC DEVICES AND MODULES FOR WASTE HEAT RECOVERY DRIVES SEGMENT
     12.3 LEAD TELLURIDE
             12.3.1 REASONABLE PRICE AND HIGH FIGURE OF MERIT ZT ARE MAJOR FACTORS THAT BOOST LEAD TELLURIDE SEGMENT
     12.4 OTHERS

13 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT (Page No. - 109)
     13.1 INTRODUCTION
             FIGURE 33 THERMOELECTRIC MODULE SEGMENT PROJECTED TO DOMINATE DURING FORECAST PERIOD
             TABLE 33 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT, 2018–2020 (USD MILLION)
             TABLE 34 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
     13.2 HEAT SOURCE
             13.2.1 INCREASING TREND OF VEHICLE ELECTRIFICATION WILL BOOST DEMAND
     13.3 THERMOELECTRIC MODULE
             13.3.1 INCREASING USE OF EFFICIENT MATERIALS FOR MANUFACTURING THERMOELECTRIC MODULES BOOSTS DEMAND
     13.4 COLD SIDE
             13.4.1 IMPROVEMENTS IN COLD SIDE DESIGN INCREASES ELECTRICITY CONVERSION CAPACITY OF TEGS
     13.5 ELECTRIC LOAD
             13.5.1 GROWING DEMAND FOR EFFICIENT ELECTRIC LOAD DEVICES TO DRIVE DEMAND FOR TEGS

14 REGIONAL ANALYSIS (Page No. - 112)
     14.1 INTRODUCTION
             14.1.1 COVID-19 IMPACT ON THERMOELECTRIC GENERATORS MARKET
     14.2 NORTH AMERICA
             14.2.1 PESTLE ANALYSIS: NORTH AMERICA
                        FIGURE 34 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
                        TABLE 35 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,  2018–2020 (USD MILLION)
                        TABLE 36 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,  2021–2026 (USD MILLION)
                        TABLE 37 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                        TABLE 38 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                        TABLE 39 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                        TABLE 40 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                        TABLE 41 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                        TABLE 42 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
                        TABLE 43 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2018–2020 (USD MILLION)
                        TABLE 44 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2021–2026 (USD MILLION)
                        TABLE 45 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2018–2020 (USD MILLION)
                        TABLE 46 NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2021–2026 (USD MILLION)
             14.2.2 US
                        14.2.2.1 Increase in demand for thermoelectric generators for space application drives market in US
                                      TABLE 47 US: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 48 US : THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 49 US : THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 50 US: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                                      TABLE 51 US: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 52 US: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2026 (USD MILLION)
             14.2.3 CANADA
                        14.2.3.1 Increasing use of TEGs in industrial sector boosts demand in Canada
                                      TABLE 53 CANADA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 54 CANADA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 55 CANADA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 56 CANADA : THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 57 CANADA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 58 CANADA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
     14.3 EUROPE
FIGURE 35 EUROPE: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
             14.3.1 PESTLE ANALYSIS: EUROPE
                        TABLE 59 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                        TABLE 60 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                        TABLE 61 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                        TABLE 62 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                        TABLE 63 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                        TABLE 64 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
                        TABLE 65 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,   2018–2020 (USD MILLION)
                        TABLE 66 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE, 2021–2026 (USD MILLION)
                        TABLE 67 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2018–2020 (USD MILLION)
                        TABLE 68 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2021–2026 (USD MILLION)
                        TABLE 69 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                        TABLE 70 EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY , 2021–2026 (USD MILLION)
             14.3.2 UK
                        14.3.2.1 Increasing use of renewable sources of energy in UK favorable for market growth
                                      TABLE 71 UK: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 72 UK: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 73 UK: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 74 UK: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                                      TABLE 75 UK: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 76 UK: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.3 GERMANY
                        14.3.3.1 TEG, in conjunction with solar cells, used to convert solar radiation into electricity in Germany
                                      TABLE 77 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,   2018–2020 (USD MILLION)
                                      TABLE 78 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 79 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 80 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 81 GERMANY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 82 GERMANY : THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.4 FRANCE
                        14.3.4.1 French market driven by increasing adoption of TEG in automotive sector
                                      TABLE 83 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 84 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 85 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 86 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 87 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 88 FRANCE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.5 ITALY
                        14.3.5.1 Rising demand for variable renewable energy (VRE) generators for power plants fuels market in Italy
                                      TABLE 89 ITALY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 90 ITALY: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 91 ITALY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 92 ITALY: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,   2021–2026 (USD MILLION)
                                      TABLE 93 ITALY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 94 ITALY: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.6 SPAIN
                        14.3.6.1 Increasing solar-powered projects drive demand for TEGs in Spain
                                      TABLE 95 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 96 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 97 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 98 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 99 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 100 SPAIN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2026 (USD MILLION)
             14.3.7 SWEDEN
                        14.3.7.1 Growing adoption of TEGs in automotive and manufacturing sectors will boost market in Sweden
                                      TABLE 101 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 102 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,   2021–2026 (USD MILLION)
                                      TABLE 103 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 104 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 105 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 106 SWEDEN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.8 RUSSIA
                        14.3.8.1 Demand for military aircraft is expected to drive market for TEGs in Russia
                                      TABLE 107 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 108 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 109 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 110 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 111 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 112 RUSSIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.3.9 REST OF EUROPE
                        14.3.9.1 Stringent emission norms present opportunities for TEGs in Rest of Europe
                                      TABLE 113 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 114 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 115 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 116 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 117 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 118 REST OF EUROPE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
     14.4 ASIA PACIFIC
             14.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        FIGURE 36 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET SNAPSHOT
                        TABLE 119 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                        TABLE 120 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                        TABLE 121 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                        TABLE 122 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                        TABLE 123 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                        TABLE 124 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
                        TABLE 125 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2018–2020 (USD MILLION)
                        TABLE 126 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2021–2026 (USD MILLION)
                        TABLE 127 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2018–2020 (USD MILLION)
                        TABLE 128 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2021–2026 (USD MILLION)
                        TABLE 129 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,  2018–2020 (USD MILLION)
                        TABLE 130 ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,  2021–2026 (USD MILLION)
             14.4.2 CHINA
                        14.4.2.1 Increasing industrialization and demand for hybrid vehicles boost market in China
                                      TABLE 131 CHINA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,   2018–2020 (USD MILLION)
                                      TABLE 132 CHINA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 133 CHINA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 134 CHINA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                                      TABLE 135 CHINA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 136 CHINA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,   2021–2026 (USD MILLION)
             14.4.3 INDIA
                        14.4.3.1 Development of environment-friendly energy solutions to control pollution to boost market in India
                                      TABLE 137 INDIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 138 INDIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 139 INDIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                                      TABLE 140 INDIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 141 INDIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,   2018–2020 (USD MILLION)
                                      TABLE 142 INDIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.4.4 JAPAN
                        14.4.4.1 Demand for new age electric vehicles to grow market in Japan
                                      TABLE 143 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 144 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 145 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 146 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                                      TABLE 147 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2018–2020 (USD MILLION)
                                      TABLE 148 JAPAN: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2026 (USD MILLION)
             14.4.5 AUSTRALIA
                        14.4.5.1 Increasing investment in renewable energy generation a major driver for market in Australia
                                      TABLE 149 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 150 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
                                      TABLE 151 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 152 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 153 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 154 AUSTRALIA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.4.6 SOUTH KOREA
                        14.4.6.1 R&D projects related to TEG technology on the rise in South Korea
                                      TABLE 155 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 156 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 157 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 158 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 159 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 160 SOUTH KOREA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.4.7 REST OF ASIA PACIFIC
                        TABLE 161 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                        TABLE 162 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                        TABLE 163 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                        TABLE 164 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                        TABLE 165 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                        TABLE 166 REST OF ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
     14.5 REST OF THE WORLD (ROW)
             14.5.1 PESTLE ANALYSIS: REST OF THE WORLD (ROW)
                        TABLE 167 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY REGION,  2018–2020 (USD MILLION)
                        TABLE 168 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY REGION,  2021–2026 (USD MILLION)
                        TABLE 169 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                        TABLE 170 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                        TABLE 171 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                        TABLE 172 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                        TABLE 173 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2018–2020 (USD MILLION)
                        TABLE 174 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2026 (USD MILLION)
                        TABLE 175 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2018–2020 (USD MILLION)
                        TABLE 176 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY WATTAGE,  2021–2026 (USD MILLION)
                        TABLE 177 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2018–2020 (USD MILLION)
                        TABLE 178 REST OF THE WORLD: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,  2021–2026 (USD MILLION)
             14.5.2 LATIN AMERICA
                        14.5.2.1 Increasing adoption of TEG in manufacturing and energy industries boosts Latin American market
                                      TABLE 179 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 180 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 181 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 182 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 183 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 184 LATIN AMERICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.5.3 MIDDLE EAST
                        14.5.3.1 Middle East market driven by increasing adoption of TEG in oil & gas industry
                                      TABLE 185 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2018–2020 (USD MILLION)
                                      TABLE 186 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,  2021–2026 (USD MILLION)
                                      TABLE 187 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 188 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2021–2026 (USD MILLION)
                                      TABLE 189 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 190 MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)
             14.5.4 AFRICA
                        14.5.4.1 Adoption of progressive technologies for waste heat recovery and power generation drive market in Africa
                                      TABLE 191 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
                                      TABLE 192 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY VERTICAL,   2021–2026 (USD MILLION)
                                      TABLE 193 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,  2018–2020 (USD MILLION)
                                      TABLE 194 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                                      TABLE 195 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2018–2020 (USD MILLION)
                                      TABLE 196 AFRICA: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,  2021–2026 (USD MILLION)


15 COMPETITIVE LANDSCAPE (Page No. - 184)
     15.1 INTRODUCTION
     15.2 RANKING OF LEADING PLAYERS, 2020
     15.3 KEY PLAYERS IN THERMOELECTRIC GENERATORS MARKET
             FIGURE 37 RANKING OF KEY PLAYERS IN THERMOELECTRIC GENERATORS MARKET, 2020
             15.3.1 WINNING IMPERATIVES, BY KEY PLAYERS
     15.4 MARKET SHARE ANALYSIS
             FIGURE 38 SHARE OF LEADING PLAYERS IN THERMOELECTRIC GENERATOR MARKET, 2020
             FIGURE 39 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2016–2020
     15.5 COMPETITIVE LEADERSHIP MAPPING
             15.5.1 STAR
             15.5.2 EMERGING LEADER
             15.5.3 PERVASIVE
             15.5.4 PARTICIPANT
                       FIGURE 40 THERMOELECTRIC GENERATORS MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
     15.6 THERMOELECTRIC GENERATORS MARKET COMPETITIVE LEADERSHIP MAPPING (STARTUPS)
             15.6.1 PROGRESSIVE COMPANY
             15.6.2 RESPONSIVE COMPANY
             15.6.3 DYNAMIC COMPANY
             15.6.4 STARTING BLOCK
                       FIGURE 41 THERMOELECTRIC GENERATORS MARKET (STARTUPS) COMPETITIVE LEADERSHIP MAPPING, 2020
     15.7 COMPETITIVE BENCHMARKING
             TABLE 197 COMPANY PRODUCT FOOTPRINT
             TABLE 198 COMPANY REVENUE/PRODUCT PORTFOLIO FOOTPRINT
             TABLE 199 COMPANY APPLICATION FOOTPRINT
             TABLE 200 COMPANY REGIONAL FOOTPRINT
     15.8 COMPETITIVE SCENARIO
             15.8.1 NEW PRODUCT LAUNCHES
                        TABLE 201 NEW PRODUCT LAUNCHES, 2017–MAY 2021
             15.8.2 CONTRACTS, DEALS, AND AGREEMENTS
                        TABLE 202 CONTRACTS, PARTNERSHIPS, AND AGREEMENTS, 2017–MAY 2021

16 COMPANY PROFILES (Page No. - 197)
     16.1 INTRODUCTION
     16.2 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent developments, MNM view, Key strengths/Right to win, Strategic choice made, and Weaknesses and competitive threats)*
             16.2.1 GENTHERM, INC.
                        TABLE 203 GENTHERM INC.: BUSINESS OVERVIEW
                        FIGURE 42 GENTHERM, INC: COMPANY SNAPSHOT
                        TABLE 204 GENTHERM INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 205 GENTHERM INC.: PRODUCT LAUNCHES
             16.2.2 II-VI INCORPORATED
                        TABLE 206 II-VI INCORPORATED: BUSINESS OVERVIEW
                        FIGURE 43 II-VI INCORPORATED: COMPANY SNAPSHOT
                        TABLE 207 II-VI INCORPORATED: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 208 II-VI INCORPORATED: PRODUCT LAUNCHES
             16.2.3 FERROTEC CORPORATION
                        TABLE 209 FERROTEC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 44 FERROTEC CORPORATION: COMPANY SNAPSHOT
                        TABLE 210 FERROTEC CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.4 LAIRD THERMAL SYSTEM
                        TABLE 211 LAIRD THERMAL SYSTEM : BUSINESS OVERVIEW
                        TABLE 212 LAIRD THERMAL SYSTEM : PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 213 LAIRD THERMAL SYSTEM: PRODUCT LAUNCHES
             16.2.5 TECTEG MFR
                        TABLE 214 TECTEG MFR.: BUSINESS OVERVIEW
                        TABLE 215 TECTEG MFR.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 216 TECTEG MFR.: PRODUCT LAUNCHES
             16.2.6 KOMATSU LTD.
                        TABLE 217 KOMATSU LTD. : BUSINESS OVERVIEW
                        FIGURE 45 KOMATSU LTD.: COMPANY SNAPSHOT
                        TABLE 218 KOMATSU LTD. : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.7 YAMAHA CORPORATION
                        TABLE 219 YAMAHA CORPORATION: BUSINESS OVERVIEW
                        FIGURE 46 YAMAHA CORPORATION: COMPANY SNAPSHOT
                        TABLE 220 YAMAHA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 221 YAMAHA CORPORATION: PRODUCT LAUNCHES
             16.2.8 TOSHIBA CORPORATION
                        TABLE 222 TOSHIBA : BUSINESS OVERVIEW
                        FIGURE 47 TOSHIBA: COMPANY SNAPSHOT
                        TABLE 223 TOSHIBA : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.9 MAHLE GROUP
                        TABLE 224 MAHLE GROUP: BUSINESS OVERVIEW
                        FIGURE 48 MAHLE GROUP: COMPANY SNAPSHOT
                        TABLE 225 MAHLE GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.10 MURATA MANUFACTURING CO. LTD
                        TABLE 226 MURATA MANUFACTURING CO. LTD: BUSINESS OVERVIEW
                        FIGURE 49 MURATA MANUFACTURING CO. LTD: COMPANY SNAPSHOT
                        TABLE 227 MURATA MANUFACTURING CO. LTD: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.11 CUI DEVICES
                        TABLE 228 CUI DEVICES: BUSINESS OVERVIEW
                        TABLE 229 CUI DEVICES: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 230 CUI DEVICES: PRODUCT LAUNCHES
             16.2.12 ANALOG DEVICES
                        TABLE 231 ANALOG DEVICES: BUSINESS OVERVIEW
                        FIGURE 50 ANALOG DEVICES: COMPANY SNAPSHOT
                        TABLE 232 ANALOG DEVICES: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.13 FAURECIA
                        TABLE 233 FAURECIA: BUSINESS OVERVIEW
                        FIGURE 51 FAURECIA: COMPANY SNAPSHOT
                        TABLE 234 FAURECIA : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.14 KYOCERA CORPORATION
                        TABLE 235 KYOCERA: BUSINESS OVERVIEW
                        FIGURE 52 KYOCERA: COMPANY SNAPSHOT
                        TABLE 236 KYOCERA: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 237 KYOCERA : PRODUCT LAUNCHES
             16.2.15 TEC MICROSYSTEMS
                        TABLE 238 TEC MICROSYSTEMS: BUSINESS OVERVIEW
                        TABLE 239 TEC MICROSYSTEMS: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 240 TEC MICROSYSTEMS: PRODUCT LAUNCHES
             16.2.16 RIF CORPORATION
                        TABLE 241 RIF CORPORATION: BUSINESS OVERVIEW
                        TABLE 242 RIF CORPORATION : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.17 PHONONIC INC.
                        TABLE 243 PHONONIC INC.: BUSINESS OVERVIEW
                        TABLE 244 PHONONIC INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 245 PHONONIC INC.: DEALS
             16.2.18 RMT LTD
                        TABLE 246 RMT LTD.: BUSINESS OVERVIEW
                        TABLE 247 RMT LTD. : PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 248 RMT LTD.: PRODUCT LAUNCHES
             16.2.19 KRYOTHERM
                        TABLE 249 KRYOTHERM: BUSINESS OVERVIEW
                        TABLE 250 KRYOTHERM: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.20 EVERREDTRONICS LTD.
                        TABLE 251 EVERREDTRONICS LTD.: BUSINESS OVERVIEW
                        TABLE 252 EVERREDTRONICS LTD. : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.21 HI-Z TECHNOLOGY
                        TABLE 253 HI-Z TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 254 HI-Z TECHNOLOGY: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.22 KELK LTD.
                        TABLE 255 KELK LTD.: BUSINESS OVERVIEW
                        TABLE 256 KELK LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 257 KELK LTD. : PRODUCT LAUNCHES
             16.2.23 PERPETUA POWER SOURCE TECHNOLOGIES, INC.
                        TABLE 258 PERPETUA POWER SOURCE TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 259 PERPETUA POWER SOURCE TECHNOLOGIES, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.24 ALIGN SOURCING LLC
                        TABLE 260 ALIGN SOURCING LLC. : BUSINESS OVERVIEW
                        TABLE 261 ALIGN SOURCING LLC : PRODUCT/SOLUTIONS/SERVICES OFFERED
             16.2.25 TELEDYNE ENERGY SYSTEMS, INC.
                        TABLE 262 TELEDYNE ENERGY SYSTEMS, INC.: BUSINESS OVERVIEW
                        TABLE 263 TELEDYNE ENERGY SYSTEMS, INC.: PRODUCT/SOLUTIONS/SERVICES OFFERED
     16.3 OTHER PLAYERS
             16.3.1 NOVUS ENERGY TECHNOLOGIES, INC.
                        TABLE 264 NOVUS ENERGY TECHNOLOGIES, INC.: COMPANY OVERVIEW
             16.3.2 P&N TECHNOLOGY (XIAMEN) CO., LTD.
                        TABLE 265 P&N TECHNOLOGY (XIAMEN) CO., LTD: COMPANY OVERVIEW
             16.3.3 TE TECHNOLOGY, INC.
                        TABLE 266 TE TECHNOLOGY, INC. : COMPANY OVERVIEW
             16.3.4 BRIMROSE CORPORATION
                        TABLE 267 BRIMROSE CORPORATION: COMPANY OVERVIEW
             16.3.5 WELLEN TECHNOLOGY CO., LTD.
                        TABLE 268 WELLEN TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             16.3.6 RGS DEVELOPMENT
                        TABLE 269 RGS DEVELOPMENT: COMPANY OVERVIEW
             16.3.7 PL ENGINEERING
                        TABLE 270 PL ENGINEERING: COMPANY OVERVIEW
             16.3.8 MICROPELT
                        TABLE 271 MICROPELT: COMPANY OVERVIEW
             16.3.9 SHEETAK
                        TABLE 272 SHEETAK: COMPANY OVERVIEW
             16.3.10 THERMOAURA
                        TABLE 273 THERMOAURA : COMPANY OVERVIEWS

*Details on Business overview, Products/solutions/services offered, Recent developments, MNM view, Key strengths/Right to win, Strategic choice made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 252)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGESTORE: MARKETSANDMARKETS  SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The research study conducted on the TEG market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, ITC Trade data and Factiva to identify and collect information relevant to the TEG market. The primary sources considered included industry experts from the TEG market as well as sub-component manufacturers, TEG raw material suppliers, government agencies, technology vendors, system integrators, research organizations, and original equipment manufacturers related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives, have been conducted to obtain and verify critical qualitative and quantitative information pertaining to the TEG market as well as to assess to growth prospects of the market.

Secondary Research

Secondary sources referred for this research study included directories, and databases, such as Hoovers, Bloomberg BusinessWeek, Factiva, International Energy Agency (IEA), the US Energy Information Administration (EIA), Organisation Internationale des Constructeurs d'Automobiles (OICA), International Renewable Energy Agency (IRENE), Eurostat, The Shift Project (TSP), corporate filings such as annual reports, investor presentations, and financial statements of trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall size of the market, which was validated by primary respondents to identify and collect information relevant to the market.

Thermoelectric Generators Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

  • Both top-down and bottom-up approaches were used to estimate and validate the size of the Thermoelectric Generator 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.

Market size estimation methodology: Bottom-up approach

Thermoelectric Generators Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

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.

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 five 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 micro-markets1 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 the COVID-19 pandemic 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, collaborations & expansions, contracts, partnerships, 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

Note: 1Micromarkets refer to further segments and subsegments of the thermoelectric generator market included in the report.
2Core competencies of companies were captured in terms of their key developments and key strategies adopted by them to sustain their position in the market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Thermoelectric Generators Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Thermoelectric Generators Market

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