Thermoelectric Generators Market

Gentherm Inc. (US) and II-VI Incorporated (US) arel leading Players in the Thermoelectric Generators Market

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. Rapid commercialization of thermoelectric generators in the automotive industry and industrial sector and increasing demand for miniaturized TEGs are factors expected to drive the growth of the thermoelectric generators market during the forecast period.

Some of the major players 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 acquisitions, new product launches, contracts, partnerships, acquisitions, and agreements as their primary growth strategies from 2014 to 2019, to expand their presence in the global thermoelectric generators market further.

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

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. For instance, in 2018, Gentherm has launched 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.

II-VI Incorporated (US) is one of the leading suppliers of thermoelectric generators to military sector and automobile manufacturers in thermoelectric generators market. This is primarily due to the company’s large number of government contracts, which has enabled it to develop advanced thermoelectric generators to enhance its products in this sector. For instance, in 2018, II-VI Incorporated has developed thermoelectric modules for the aerospace, defense, medical, industrial, automotive, power generation, and telecommunications markets.

Ferrotec Corporation (Japan) specializes in thermoelectric generator module. The company’s success is due to its ability to develop innovative products and technologies for the thermoelectric generators market.

Related Reports:

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

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AS 3743
RI Published ON
10/10/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Thermoelectric Generators Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved