Thermoelectric Generators Market

Thermoelectric Generators Market by Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-generation), Wattage (<10 W, 10-1kW, >1kW), Temperature (<80°C, 80°- 500°C, >500°C, Material, Vertical, Component, Region - Global Forecast to 2025

Report Code: AS 3743 Oct, 2019, by marketsandmarkets.com

[165 Pages Report] The thermoelectric generators market is projected to grow from USD 460 million in 2019 to USD 741 million by 2025, at a CAGR of 8.3% during the forecast period. Increasing demand to recover the waste heat generated by various industries. Due to growing environmental concerns, the need to improve the efficiency of engines is growing. Thermoelectric generators play an essential role in increasing efficiency by utilizing waste heat.

Thermoelectric Generators Market

The industrial segment is projected to grow at the higher CAGR during the forecast period

By vertical, the thermoelectric generators market has been segmented into automotive, aerospace, defense, industrial, consumer, healthcare, oil & gas, mining, and telecommunications. Among these, the industrial segment is projected to grow at the highest CAGR during the forecast period. The industrial segment has witnessed significant growth in the past few years, due to improving the efficiency of the industries, stringent norms for environmental conservation, and added benefits of carbon credits to the countries, the thermoelectric generator is expected to be popular among both developing and developed countries.

Thermoelectric Generators Market

North America is projected to lead the thermoelectric generators market during the forecast period

North America is estimated to account for the largest share of the thermoelectric generators market in 2019. Additionally, the market in North America is projected to capture the highest revenue share during the forecast period. The US dominated the North America region in thermoelectric generators market in 2019 and is expected to maintain its dominance over the next five years as well. This will be due to increased futuristic usage of TEG technology for powering various equipment and devices in various industries. The prominent industries which will use TEG’s for power generation will be space, automotive, and manufacturing sector. Other prominent reasons for TEG market growth are larger disposable income, huge industrialization, and an increase in demand for cleaner energy in North America.

Key Market Players

Major vendors in the thermoelectric generators market include Gentherm, Inc. (US), II-VI Marlow, Inc. (US), Ferrotec Corporation (Japan), Laird plc (UK), Komatsu Ltd. (Japan). These players have adopted contracts, agreements, acquisitions, and new product launches as their primary growth strategies from 2014 to 2019, to expand their presence in the global thermoelectric generators market further.

Gentherm Inc. (US) is the leading global player in the thermoelectric generator market. The main strategy of the company is to develop innovative and high-efficiency products by investing a significant amount of its revenue in R&D. The company is a leading player in the North American and European regions, having a broad product portfolio for automobile, industrial, and aerospace application.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast Units

Value (USD)

Segments Covered

Vertical, Application, Temperature, Wattage, Material, Component, and Region

Regions Covered

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

Companies covered

Gentherm, Inc. (US), II-VI Marlow, Inc. (US), Ferrotec Corporation (Japan), Laird plc (UK), Komatsu Ltd. (Japan), among others

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

On the basis of Application:

On the basis of Vertical:

  • Automotive
    • Heating & Cooling
  • Aerospace
    • Spacecraft  Power System
    • Aircraft Environment Monitoring Sensors
  • Defense
    • Military Avionics System
    • Infrared Detector System
    • Missile Testing Systems
  • Industrial
    • Manufacturing
    • Chemical Processing
  • Consumer
    • Wearable
    • Consumer Electronics
  • Healthcare
    • Implantable Medical Device
    • Wearable Medical Device
  • Oil & Gas
    • Condition Monitoring Sensors
    • Meters & Gauges
  • Mining
    • Down-Hole Drilling 
    • Process Monitoring
  • Telecommunications
    • Navigational Aids
    • Telecommunication Systems

On the basis of the Component:

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

On the basis of the Wattage:

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

On the basis of Temperature:

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

On the basis of Material:

  • Bismuth Telluride
  • Lead Telluride
  • Others (Others include manganese (CMO), tin selenide (SnSe), silicon germanium (SiGe), clathrate, and skutterudite)

On the basis of Region:

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

Key Questions Addressed by the Report

  • What will be the revenue pockets for the thermoelectric generators market in the next five years?
  • Who are the leading manufacturers of thermoelectric generators in the global market?
  • What are the growth prospects of the thermoelectric generators market?
  • What are the major drivers impacting the thermoelectric generators market?
  • What are the latest technological trends in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Definition & Scope
           2.2.1 Segment Definitions
                    2.2.1.1 Thermoelectric Generators Market, By Vertical
                    2.2.1.2 Thermoelectric Generators Market, By Component
                    2.2.1.3 Thermoelectric Generators Market, By Material
                    2.2.1.4 Thermoelectric Generators Market, By Wattage
                    2.2.1.5 Thermoelectric Generators Market, By Temperature
                    2.2.1.6 Thermoelectric Generators Market, By Application
           2.2.2 Exclusions
    2.3 Market Size Estimation & Methodology
           2.3.1 Market Sizing & Forecasting
           2.3.2 Top-Down Approach
    2.4 Data Triangulation
    2.5 Limitations

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Opportunities in Thermoelectric Generators Market
    4.2 Thermoelectric Generators Market, By Component
    4.3 Thermoelectric Generators Market, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Solid-State Energy Converters
                    5.2.1.2 Growth of Renewable Energy in Power Sector
                    5.2.1.3 Requirement for Durable and Maintenance-Free Power Sources
           5.2.2 Opportunities
                    5.2.2.1 Increasing Adoption of Thermoelectric Generators Across Various Sector
                    5.2.2.2 Growing Demand for Low-Power Generators in Sensor Networks
           5.2.3 Challenges
                    5.2.3.1 High Cost of Thermoelectric Materials
                    5.2.3.2 Complex Design Modification of Thermoelectric Generators and Presence of Prominent Substitutes

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Technology Trends
           6.2.1 Thermoelectric Generation Technology in Automobile
           6.2.2 Radioisotope Thermoelectric Generators
           6.2.3 Miniature Thermoelectric Generators
           6.2.4 Wearable Thermoelectric Generators
           6.2.5 Thermoelectric Generators in Aerospace and Defense Industries
           6.2.6 Advancement in Thermoelectric Materials
    6.3 Recent Funding in Thermoelectric Generators Market
    6.4 Innovations and Patent Registrations

7 Thermoelectric Coolers (Page No. - 48)
    7.1 Introduction
    7.2 Uses of Thermoelectric Coolers Across Verticals
           7.2.1 Healthcare
           7.2.2 Consumer Electronics
           7.2.3 Automotive

8 Thermoelectric Generators Market, By Application (Page No. - 49)
    8.1 Introduction
    8.2 Waste Heat Recovery
           8.2.1 High Demand for Industrial Waste Heat Harvesting is Expected to Increase the Demand for Tegs
    8.3 Energy Harvesting
           8.3.1 Increasing Demand for Consumer and Healthcare Wearables Will Drive the Growth of the Thermoelectric Generator Market
    8.4 Direct Power Generation
           8.4.1 Increasing Demand for Thermoelectric Generators in Aerospace, Mining, and Industrial Sectors is Expected to Drive the Direct Power Generation During the Forecast Period
    8.5 Co-Generation
           8.5.1 Advancements in Industrial Co-Generation Systems Will Drive the Market for Tegs

9 Thermoelectric Generator Market, By Temperature (Page No. - 55)
    9.1 Introduction
    9.2 Low Temperature (<80°C)
           9.2.1 Increasing Use of Wearable Devices in Both Commercial and Healthcare Applications is Driving the Low Temperature Segment
    9.3 Medium Temperature (80°- 500°C)
           9.3.1 Mandate By Regulatory Authorities for Fuel Efficiency and Reduced Carbon Emissions is Driving the Medium Temperature Segment
    9.4 High Temperature (> 500°C)
           9.4.1 Industrial Waste Heat is A Major Factor Driving the High Temperature Segment

10 Thermoelectric Generator Market, By Wattage (Page No. - 59)
     10.1 Introduction
     10.2 Low Power (<10 W)
             10.2.1 Increasing Demand for Wearables and Backup Batteries is Fueling the Low Power Segment
     10.3 Medium Power (10-1kW)
             10.3.1 Increasing Use of Medium Power Applications for Automotive Waste Heat Recovery is Fueling the Growth of the Market for Tegs
     10.4 High Power (> 1kW)
             10.4.1 Increasing Requirement of High Power Tegs in Space Applications is Driving the High Power (>1kW) Segment

11 Thermoelectric Generator Market, By Material (Page No. - 63)
     11.1 Introduction
     11.2 Bismuth Telluride
             11.2.1 Bismuth Telluride is A Widely Used Thermoelectric Material
     11.3 Lead Telluride
             11.3.1 High Melting Point, Chemical Stability & Low Vapor Pressure are Major Factor Driving Lead Telluride Segment
     11.4 Others

12 Thermoelectric Generator Market, By Vertical (Page No. - 67)
     12.1 Introduction
     12.2 Automotive
             12.2.1 Heating & Cooling
                        12.2.1.1 The Demand for Tegs is Increasing in Heating and Cooling Applications
     12.3 Aerospace
             12.3.1 Spacecraft Power System
                        12.3.1.1 Increasing Efficiency of Tegs is Increasing Its Adoption in Spacecraft Power Systems
             12.3.2 Aircraft Environment Monitoring Sensors
                        12.3.2.1 Increasing Demand for Wireless Sensor Networks in the Aerospace Industry is Driving the Aircraft Environment Monitoring Sensors Segment
     12.4 Defense
             12.4.1 Military Avionics
                        12.4.1.1 Increase in the Demand for Waste Heat Recovery in Aircraft is Driving the Growth of the Military Avionics Segment
             12.4.2 Infrared Detectors
                        12.4.2.1 The Demand for Infrared Detectors Powered By Tegs is Increasing for Monitoring and Reconnaissance
             12.4.3 Missile Testing Systems
                        12.4.3.1 Increasing Demand for Tegs in Defense Applications is Expected to Drive the Missile Testing Systems Segment
     12.5 Industrial
             12.5.1 Manufacturing
                        12.5.1.1 Increasing Use of Thermoelectric Generators for Industrial Waste Heat Recovery During Manufacturing Processes is Driving the Manufacturing Vertical
             12.5.2 Chemical Processing
                        12.5.2.1 Increasing Use of Tegs in Direct-Fired Reboilers and Reactors is Expected to Drive This Segment
     12.6 Consumer
             12.6.1 Wearable
                        12.6.1.1 Growing Demand for Heart Monitoring Devices is Driving the Wearable Segment
             12.6.2 Consumer Electronics
                        12.6.2.1 Increasing Use of Energy Harvesting Consumer Electronics is Expected to Drive This Segment
     12.7 Healthcare
             12.7.1 Implantable Medical Devices
                        12.7.1.1 Increasing Adoption of Tegs in Medical Devices for Harvesting Ambient Heat is Expected to Drive the Implantable Devices Segment
             12.7.2 Wearable Medical Devices
                        12.7.2.1 Various Applications of Wearable Medical Devices are Making Them Preferred in the Healthcare Sector
     12.8 Oil & Gas
             12.8.1 Condition Monitoring Sensors
                        12.8.1.1 Increasing Demand for Gas Fuel Thermoelectric Generators (Gtegs) to Power Condition Monitoring Sensors is Driving the Condition Monitoring Sensors Segment
             12.8.2 Meters & Gauges
                        12.8.2.1 Increasing Demand for Renewable Energy in Remote Areas is Expected to Grow the Meters & Gauges Segment
     12.9 Mining
             12.9.1 Down-Hole Drilling
                        12.9.1.1 Increasing Adoption of Tegs for Down-Hole Drilling Application is Expected to Drive the Down-Hole Drilling Segment
             12.9.2 Process Monitoring
                        12.9.2.1 Tegs are Used to Power It Infrastructure for Process Monitoring During Mining Activities
     12.10 Telecommunications
             12.10.1 Navigational Aids
                        12.10.1.1 Increasing Demand for Navigational Aids in Remote Locations is Driving the Telecommunications Segment
             12.10.2 Telecommunication Systems
                        12.10.2.1 Requirement of Power Supply for Telecommunication Systems is Driving the Telecommunication Systems Segment

13 Thermoelectric Generator Market, By Component (Page No. - 79)
     13.1 Introduction
     13.2 Heat Source
             13.2.1 Increasing Trend Towards Vehicle Electrification and Hybridization for Sensors Will Boost the Demand for Heat Source Components
     13.3 Thermoelectric Module
             13.3.1 Increasing Use of Efficient Materials for Manufacturing Thermoelectric Modules is Increasing the Efficiency and the Demand for Tegs
     13.4 Cold Side
             13.4.1 Improvements in Cold Side Design is Increasing the Electricity Conversion Capacity of Tegs
     13.5 Electric Load
             13.5.1 Increasing Demand for Efficient Electric Load Devices for Electricity Conversion is Fueling the Market for Tegs

14 Regional Analysis (Page No. - 83)
     14.1 Introduction
     14.2 North America
             14.2.1 US
                        14.2.1.1 Increase in Demand for Thermoelectric Generators for Waste Heat Recovery in the Automotive Industry is Driving the Market in the US
             14.2.2 Canada
                        14.2.2.1 Increasing Use of Tegs in the Industrial Sector is Driving the Demand for Thermoelectric Generators in Canada
     14.3 Asia Pacific
             14.3.1 China
                        14.3.1.1 Increasing Industrialization and Demand for Hybrid Vehicles is Driving the Tegs Market in China
             14.3.2 India
                        14.3.2.1 Development of Environment-Friendly Energy Solutions to Control Pollution is Expected to Drive the Tegs Market in India
             14.3.3 Japan
                        14.3.3.1 Growing Demand for Hybrid Electric Vehicles is Driving the Teg Market in Japan
             14.3.4 Australia
                        14.3.4.1 Remote Monitoring Application of Renewable Energy Assets is Driving the Demand of Tegs in Australia
             14.3.5 South Korea
                        14.3.5.1 Development of Advanced Wearable Technology is A Major Factor Driving the Market for Tegs in South Korea
             14.3.6 Rest of Asia Pacific
     14.4 Europe
             14.4.1 UK
                        14.4.1.1 Introduction of Energy Saving Opportunity Scheme (Esos) in the UK is Driving the Market for Tegs
             14.4.2 Germany
                        14.4.2.1 Increasing Adoption of Renewable Energy in the Automotive Industry is Expected to Drive the Growth of Market in Germany
             14.4.3 France
                        14.4.3.1 Increasing Adoption of Thermoelectric Generators in the Automotive Sector is Expected to Drive the Market for France
             14.4.4 Italy
                        14.4.4.1 Rising Demand for Variable Renewable Energy (VRE) Generators for Power Plants is Expected to Drive the Market for Tegs in Italy
             14.4.5 Spain
                        14.4.5.1 Increasing Solar-Powered Projects are Expected to Drive the Tegs Market in Spain
             14.4.6 Sweden
                        14.4.6.1 Increasing Adoption of Tegs From Automotive and Manufacturing Sectors is Expected to Drive the Market for Thermoelectric Generators in Sweden
             14.4.7 Russia
                        14.4.7.1 Increase in Demand for Military Aircraft is Expected to Drive the Market for Tegs in Russia
             14.4.8 Rest of Europe
     14.5 Rest of the World (RoW)
             14.5.1 Latin America
                        14.5.1.1 Increasing Adoption of Thermoelectric Generators in the Manufacturing and Energy Industries is Expected to Drive the Market for Tegs in Latin America
             14.5.2 Middle East
                        14.5.2.1 Increasing Adoption of Thermoelectric Generators in the Oil & Gas Industry is Expected to Drive the Demand for Tegs in the Middle East
             14.5.3 Africa
                        14.5.3.1 Adoption of Advanced Technologies for Waste Heat Recovery and Generate Power is Driving the Tegs Market in Africa

15 Competitive Landscape (Page No. - 123)
     15.1 Introduction
     15.2 Competitive Leadership Mapping
             15.2.1 Visionary Leaders
             15.2.2 Innovators
             15.2.3 Dynamic Differentiators
             15.2.4 Emerging Companies
     15.3 Competitive Leadership Mapping of Start-Ups
             15.3.1 Visionary Leaders
             15.3.2 Innovators
             15.3.3 Dynamic Differentiators
             15.3.4 Emerging Companies
     15.4 Market Share Analysis of Key Players, 2018
     15.5 Competitive Scenario
             15.5.1 New Product Launches
             15.5.2 Contracts
             15.5.3 Acquisitions/Partnerships/Agreements

16 Company Profiles (Page No. - 130)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     16.1 Gentherm, Inc.
     16.2 II-VI Incorporated
     16.3 Ferrotec Corporation
     16.4 Laird, PLC.
     16.5 Tecteg
     16.6 Komatsu Ltd.
     16.7 Yamaha Corporation
     16.8 Rmt Ltd.
     16.9 Kryotherm
     16.10 Everredtronics Ltd.
     16.11 Hi-Z Technology
     16.12 Kelk Ltd.
     16.13 Otego GmbH
     16.14 Novus Energy Technologies, Inc.
     16.15 P&N Technology (Xiamen) Co., Ltd.
     16.16 Perpetua Power Source Technologies, Inc.
     16.17 Align Sourcing LLC
     16.18 Teledyne Energy Systems, Inc.
     16.19 Brimrose Corporation
     16.20 Redhawk Energy Systems, LLC

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

17 Appendix (Page No. - 159)
     17.1 Discussion Guide
     17.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.3 Related Reports
     17.4 Author Details


List of Tables (129 Tables)

Table 1 Assumptions for the Research Study
Table 2 Cost of Materials Used in Thermoelectric Generators
Table 3 Recent Funding in Thermoelectric Generators Market
Table 4 Innovations and Patent Registrations, 2015—2017
Table 5 Thermoelectric Generators Market, By Application, 2017—2025 (USD Million)
Table 6 Thermoelectric Generator Market in Waste Heat Recovery, By Region, 2017—2025 (USD Million)
Table 7 Thermoelectric Generator Market in Waste Heat Recovery, By Vertical, 2017—2025 (USD Million)
Table 8 Thermoelectric Generator Market in Energy Harvesting, By Region 2017—2025 (USD Million)
Table 9 Thermoelectric Generator Market in Energy Harvesting, By Vertical, 2017—2025 (USD Million)
Table 10 Thermoelectric Generator Market in Direct Power Generation, By Region, 2017—2025 (USD Million)
Table 11 Thermoelectric Generator Market in Direct Power Generation, By Vertical, 2017—2025 (USD Million)
Table 12 Thermoelectric Generator Market in Co-Generation, By Region, 2017—2025 (USD Million)
Table 13 Thermoelectric Generator Market, By Temperature, 2017—2025 (USD Million)
Table 14 Low Temperature (<80°C) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 15 Medium Temperature (80°- 500°C) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 16 High Temperature (> 500°C) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 17 Thermoelectric Generator Market, By Wattage, 2017—2025 (USD Million)
Table 18 Low Power (<10 W) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 19 Medium Power (10-1kw) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 20 High Power (> 1kw) Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 21 Thermoelectric Generator Market, By Material, 2017—2025 (USD Million)
Table 22 Bismuth Telluride in Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 23 Lead Telluride in Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 24 Other Materials in Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 25 Thermoelectric Generator Market, By Vertical, 2017—2025 (USD Million)
Table 26 Thermoelectric Generator Market for Automotive, By Region, 2017—2025 (USD Million)
Table 27 Aerospace Thermoelectric Generator Market, By Region, 2017—2025 (USD Million)
Table 28 Thermoelectric Generator Market for Aerospace, By Application, 2017—2025 (USD Million)
Table 29 Thermoelectric Generator Market for Defense, By Region, 2017—2025 (USD Million)
Table 30 Thermoelectric Generator Market for Defense, By Application, 2017—2025 (USD Million)
Table 31 Thermoelectric Generator Market for Industrial, By Region, 2017—2025 (USD Million)
Table 32 Thermoelectric Generator Market for Industrial, By Application, 2017—2025 (USD Million)
Table 33 Thermoelectric Generator Market for Consumer, By Region, 2017—2025 (USD Million)
Table 34 Thermoelectric Generator Market for Consumer, By Application, 2017—2025 (USD Million)
Table 35 Thermoelectric Generator Market for Healthcare, By Region, 2017—2025 (USD Million)
Table 36 Thermoelectric Generator Market for Healthcare, By Application, 2017—2025 (USD Million)
Table 37 Thermoelectric Generator Market for Oil & Gas, By Region, 2017—2025 (USD Million)
Table 38 Thermoelectric Generator Market for Oil & Gas, By Application, 2017—2025 (USD Million)
Table 39 Thermoelectric Generator Market for Mining, By Region, 2017—2025 (USD Million)
Table 40 Thermoelectric Generator Market for Mining, By Application, 2017—2025 (USD Million)
Table 41 Thermoelectric Generator Market for Telecommunications, By Region, 2017—2025 (USD Million)
Table 42 Thermoelectric Generator Market for Telecommunications, By Application, 2017—2025 (USD Million)
Table 43 Thermoelectric Generator Market, By Component, 2017—2025 (USD Million)
Table 44 Thermoelectric Generator Market Size, By Region,2017—2025 (USD Million)
Table 45 US Electric Vehicle Sales, 2014 to 2018
Table 46 North America: Thermoelectric Generator Market, By Vertical, 2017—2025 (USD Million)
Table 47 North America: Thermoelectric Generator Market, By Application, 2017—2025 (USD Million)
Table 48 North America: Thermoelectric Generator Market, By Temperature, 2017—2025 (USD Million)
Table 49 North America: Thermoelectric Generator Market, By Wattage, 2017—2025 (USD Million)
Table 50 North America: Thermoelectric Generator Market, By Material, 2017—2025 (USD Million)
Table 51 North America: Thermoelectric Generator Market, By Country, 2017—2025 (USD Million)
Table 52 US Market, By Vertical, 2017—2025 (USD Million)
Table 53 US: Market, By Application, 2017—2025 (USD Million)
Table 54 US: Market, By Temperature, 2017—2025 (USD Million)
Table 55 Canada: Market, By Vertical, 2017—2025 (USD Million)
Table 56 Canada: Market, By Application, 2017—2025 (USD Million)
Table 57 Canada: Market, By Temperature, 2017—2025 (USD Million)
Table 58 Asia Pacific: Thermoelectric Generators Market, By Vertical, 2017—2025 (USD Million)
Table 59 Asia Pacific: Market, By Application, 2017—2025 (USD Million)
Table 60 Asia Pacific: Market, By Temperature, 2017—2025 (USD Million)
Table 61 Asia Pacific: Market, By Wattage, 2017—2025 (USD Million)
Table 62 Asia Pacific: Market, By Material, 2017—2025 (USD Million)
Table 63 Asia Pacific: Market, By Country, 2017—2025 (USD Million)
Table 64 China: Thermoelectric Generators Market, By Vertical, 2017—2025 (USD Million)
Table 65 China: Market, By Application, 2017—2025 (USD Million)
Table 66 China: Market, By Temperature, 2017—2025 (USD Million)
Table 67 India: Market, By Vertical, 2017—2025 (USD Million)
Table 68 India: Market, By Application, 2017—2025 (USD Million)
Table 69 India: Market, By Temperature, 2017—2025 (USD Million)
Table 70 Japan: Market, By Vertical, 2017—2025 (USD Million)
Table 71 Japan: Market, By Application, 2017—2025 (USD Million)
Table 72 Japan: Market, By Temperature, 2017—2025 (USD Million)
Table 73 Australia: Thermoelectric Generator Market, By Vertical, 2017—2025 (USD Million)
Table 74 Australia: Market, By Application, 2017—2025 (USD Million)
Table 75 Australia: Market, By Temperature, 2017—2025 (USD Million)
Table 76 South Korea: Market, By Vertical, 2017—2025 (USD Million)
Table 77 South Korea: Market, By Application, 2017—2025 (USD Million)
Table 78 South Korea: Market, By Temperature, 2017—2025 (USD Million)
Table 79 Rest of Asia Pacific: Market, By Vertical, 2017—2025 (USD Million)
Table 80 Rest of Asia Pacific: Market, By Application, 2017—2025 (USD Million)
Table 81 Rest of Asia Pacific: Market, By Temperature, 2019-2025 (USD Million)
Table 82 Europe: Market, By Vertical, 2017—2025 (USD Million)
Table 83 Europe: Market, By Application, 2017—2025 (USD Million)
Table 84 Europe: Market, By Temperature, 2017—2025 (USD Million)
Table 85 Europe: Market, By Wattage, 2017—2025 (USD Million)
Table 86 Europe: Market, By Material, 2017—2025 (USD Million)
Table 87 Europe: Market, By Country, 2017—2025 (USD Million)
Table 88 UK: Market, By Vertical, 2017—2025 (USD Million)
Table 89 UK: Market, By Application, 2017—2025 (USD Million)
Table 90 UK: Market, By Temperature, 2017—2025 (USD Million)
Table 91 Germany: Thermoelectric Generators Market, By Vertical, 2017—2025 (USD Million)
Table 92 Germany Market, By Application, 2017—2025 (USD Million)
Table 93 Germany: Market, By Temperature, 2017—2025 (USD Million)
Table 94 France: Market, By Vertical, 2017—2025 (USD Million)
Table 95 France: Market, By Application, 2017—2025 (USD Million)
Table 96 France: Market, By Temperature, 2017—2025 (USD Million)
Table 97 Italy: Market, By Vertical, 2017—2025 (USD Million)
Table 98 Italy: Market, By Application, 2017—2025 (USD Million)
Table 99 Italy: Market, By Temperature, 2017—2025 (USD Million)
Table 100 Spain: Market, By Vertical, 2017—2025 (USD Million)
Table 101 Spain: Market, By Application, 2017—2025 (USD Million)
Table 102 Spain: Market, By Temperature, 2017—2025 (USD Million)
Table 103 Sweden: Thermoelectric Generators Market, By Vertical, 2017—2025 (USD Million)
Table 104 Sweden: Market, By Application, 2017—2025 (USD Million)
Table 105 Sweden: Market, By Temperature, 2017—2025 (USD Million)
Table 106 Russia: Market, By Vertical, 2017—2025 (USD Million)
Table 107 Russia: Market, By Application, 2017—2025 (USD Million)
Table 108 Russia: Market, By Temperature, 2017—2025 (USD Million)
Table 109 Rest of Europe: Market, By Vertical, 2017—2025 (USD Million)
Table 110 Rest of Europe: Market, By Application, 2017—2025 (USD Million)
Table 111 Rest of Europe: Market, By Temperature, 2017—2025 (USD Million)
Table 112 Rest of the World: Market, By Vertical, 2017—2025 (USD Million)
Table 113 Rest of the World: Market, By Application, 2017—2025 (USD Million)
Table 114 Rest of the World: Market, By Temperature, 2017—2025 (USD Million)
Table 115 Rest of the World: Market, By Wattage, 2017—2025 (USD Million)
Table 116 Rest of the World: Market, By Material, 2017—2025 (USD Million)
Table 117 Rest of the World: Market, By Region, 2017—2025 (USD Million)
Table 118 Latin America: Market, By Vertical, 2017—2025 (USD Million)
Table 119 Latin America: Market, By Application, 2017—2025 (USD Million)
Table 120 Latin America: Market, By Temperature, 2017—2025 (USD Million)
Table 121 Middle East: Market, By Vertical, 2017—2025 (USD Million)
Table 122 Middle East: Market, By Application, 2017—2025 (USD Million)
Table 123 Middle East: Market, By Temperature, 2017—2025 (USD Million)
Table 124 Africa: Market, By Vertical, 2017—2025 (USD Million)
Table 125 Africa: Market, By Application, 2017—2025 (USD Million)
Table 126 Africa: Market, By Temperature, 2017—2025 (USD Million)
Table 127 New Product Launches, 2015-2018
Table 128 Contracts, 2015-2018
Table 129 Acquisitions/Partnerships/Agreements, 2015-2018


List of Figures (41 Figures)

Figure 1 Report Process Flow
Figure 2 Thermoelectric Generator Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Waste Heat Recovery Segment Estimated to Lead Thermoelectric Generator Market in 2019
Figure 8 Thermoelectric Module Segment Projected to Lead Thermoelectric Generator Market During Forecast Period
Figure 9 Bismuth Telluride Segment Projected to Grow at the Highest CAGR During Forecast Period
Figure 10 North America Estimated to Account for the Largest Share of Thermoelectric Generator Market During Forecast Period
Figure 11 Growth of Renewable Energy in Power Sector is Expected to Drive Thermoelectric Generator Market
Figure 12 Thermoelectric Module Segment Expected to Lead Thermoelectric Generator Market During Forecast Period
Figure 13 Automotive Segment Projected to Lead Thermoelectric Generator Market During Forecast Period
Figure 14 North America Estimated to Account for the Largest CAGR of Thermoelectric Generator Market in 2019
Figure 15 Thermoelectric Generator Market Dynamics
Figure 16 Global Power Generation Capacity, By Source, 2012—2018
Figure 17 Classification of Thermoelectric Generators in Medical Applications
Figure 18 Waste Heat Recovery Segment Projected to Lead Thermoelectric Generators Market From 2019 to 2025
Figure 19 Medium Temperature (80°- 500°C) Segment Estimated to Lead Thermoelectric Generator Market During Forecast Period
Figure 20 Medium Power (10-1kw) Segment Estimated to Lead the Thermoelectric Generator Market During the Forecast Period
Figure 21 Bismuth Telluride Segment Estimated to Lead Thermoelectric Generator Market During the Forecast Period
Figure 22 Automotive Segment Estimated to Lead Thermoelectric Generators Market During Forecast Period
Figure 23 Thermoelectric Module Segment Projected to Lead Thermoelectric Generator Market From 2019 to 2025
Figure 24 North America Estimated to Account for the Largest Share of Thermoelectric Generator Market in 2019
Figure 25 North America Thermoelectric Generator Market Snapshot
Figure 26 Asia Pacific Thermoelectric Generator Market Snapshot
Figure 27 Europe Thermoelectric Generator Market Snapshot
Figure 28 Key Developments Adopted By Leading Players in Thermoelectric Generator Market Between 2013 and 2019
Figure 29 Competitive Leadership Mapping, 2018
Figure 30 Competitive Leadership Mapping of Start-Ups, 2018
Figure 31 Market Share Analysis of Top Players in Thermoelectric Generator Market, 2018
Figure 32 Gentherm, Inc: Company Snapshot
Figure 33 Gentherm, Inc: SWOT Analysis
Figure 34 II-VI Incorporated: Company Snapshot
Figure 35 II-VI Incorporated: SWOT Analysis
Figure 36 Ferrotec Corporation: Company Snapshot
Figure 37 Laird, PLC.: Company Snapshot
Figure 38 Laird, PLC.: SWOT Analysis
Figure 39 Komatsu Ltd.: Company Snapshot
Figure 40 Komatsu Ltd.: SWOT Analysis
Figure 41 Yamaha Corporation: Company Snapshot

The study considered major activities to estimate the current market size for thermoelectric generators. Exhaustive secondary research was undertaken to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Aerospace & Defense Magazine were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The thermoelectric generators market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The supply side is characterized by advancements in and the development of thermoelectric generators. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Thermoelectric Generators Market

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the thermoelectric generators market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details.

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the thermoelectric generators market.

Report Objectives

  • To define, describe, and forecast the size of the thermoelectric generators market based on vertical, application, temperature, wattage, material, component and region
  • To forecast the size of various segments of the thermoelectric generators market based on four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with key countries in each of these regions
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze micromarkets1 with respect to their individual growth trends, prospects, and contributions to the overall market
  • To identify technology trends currently prevailing in the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of shares and core competencies2
  • To provide a detailed competitive landscape of the market, along with a share analysis of key players
  • To analyze the degree of competition in the thermoelectric generators market by identifying key growth strategies, such as acquisitions, new product launches, contracts, partnerships, acquisitions and agreements adopted by the leading players of the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs.

Product Analysis

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

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)
Report Code
AS 3743
Published ON
Oct, 2019
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