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Published Date: 2016-01-18Number of Pages: 146

Thermoelectric Modules Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Thermoelectric modules have been witnessing an immense rise in their demand since the last few years. The benefits offered by these modules, such as compact geometric size, precise temperature control and cycling, lower power consumption, and rapid response time, have boosted their popularity, increasing their adoption in a number of industries. The automotive, semiconductor, medical, laboratory, telecommunications, defense, aerospace, and consumer electronics sectors are widely employing these modules in various applications.

On the other hand, the high cost associated with these modules, when compared to traditional cooling and refrigeration systems, is limiting their applications to some extent. However, continual research aimed at developing low-cost yet highly efficient thermoelectric systems is projected to minimize the impact of this factor over the next few years.

On the whole, the opportunity in thermoelectric modules looks increasing considerably. In 2014, it stood at US$364.1 mn. Rising at a CAGR of 9.50% during the period from 2015 to 2023, this opportunity is estimated to worth US$829.5 mn by the end of 2023.

Thermoelectric Modules to Register Fastest Growth in North America

Across the world, Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa are considered as the main regional markets for thermoelectric modules. Among these, Asia Pacific has emerged as the key contributor to the overall revenue generated in this market, globally.

The presence of prominent thermoelectric modules manufacturers boosted this region to reach an opportunity worth US$120 mn in 2014. Supported by a high demand for these modules in Japan, South Korea, India, and various Southeast Asian nation, this opportunity is likely to rise at a CAGR of 9.60% between 2015 and 2023 and reach US$275.4 mn by 2023.

Analysts project Asia Pacific to remain leading over the next few years. However, North America is anticipated to present the most attractive opportunities for growth in the near future on account of the rising demand for these modules across a number of applications. Between 2015 and 2023, North America will register the fastest CAGR of 9.70%, estimates TMR.

 

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Shifting Preference to Augment Demand for Multi-stage Thermoelectric Modules

On the basis of technology, two types of thermoelectric modules are available worldwide: Single-stage modules and multi-stage modules. Currently, single-stage modules report higher adoption than multi-stage ones. In 2014, the demand for single-stage modules accounted for a share of 85% in the overall demand for thermoelectric modules. However, the market is likely to witness a shift in preference very soon due to the rising demand for these modules in low-temperature applications.

As multi-stage modules provide higher temperature differentials compared to single-stage modules, the demand for the former is projected to record a remarkable rise at a CAGR of 11.30% between 2015 and 2023.

Ferrotec Corp., Marlow Industries, Laird Technologies Inc., KELK Ltd. are the leading manufacturers of thermoelectric modules across the world. RMT Ltd., Tellurex Corp., Thermion Co., TE Technology Inc., LG Innotek Co. Ltd., and Toshiba Materials Co. Ltd. are some of the other prominent players in this market. 


Chapter 1 Preface
1.1 Report Scope and Description
1.2 Market Segmentation: Global Thermoelectric Modules Market
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Thermoelectric Modules Market (2014 and 2023)
2.2 Global Thermoelectric Modules Market, 2013 – 2023, Revenue (US$ Mn)
2.3 Global Thermoelectric Modules Market, by Technology, 2014 (US$ Mn)
2.4 Global Thermoelectric Modules Market, by Type, 2014 (US$ Mn)
2.5 Global Bulk Thermoelectric Modules Market, by Application, 2014 (US$ Mn)
2.6 Global Micro Thermoelectric Modules Market, by Application, 2014 (US$ Mn)
2.7 Global Thin Film Thermoelectric Modules Market, by Application, 2014 (US$ Mn)

Chapter 3 Global Thermoelectric Modules Market Analysis
3.1 Key Trends Analysis
      3.1.1 Quick and cost-effective customized solutions
      3.1.2 Use of advanced thermoelectric materials for manufacturing thermoelectric modules
      3.1.3 Increasing interest in green energy
      3.1.4 Focus on reducing the number of components outsourced to contract manufacturers
3.2 Market Dynamics
      3.2.1 Drivers
              3.2.1.1 High competitive advantages of thermoelectric modules over conventional products
              3.2.1.2 Increasing applications of thermoelectric modules in varied industries
      3.2.2 Restraints
              3.2.2.1 High cost as compared to conventional cooling and refrigeration systems
      3.2.3 Opportunities
              3.2.3.1 Waste heat recovery from industrial applications
              3.2.3.2 Increasing use of larger thermoelectric systems for certain applications
3.3 Global Thermoelectric Modules Market Analysis, By Technology, 2013 – 2023 (US$ Mn)
      3.3.1 Overview
              3.3.1.1 Global Thermoelectric Modules Market, By Technology, Segment Share, 2014 & 2023
      3.3.2 Single-stage Thermoelectric Modules
              3.3.2.1 Global Single-stage Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
      3.3.3 Multi-stage Thermoelectric Modules
              3.3.3.1 Global Multi-stage Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
3.4 Global Thermoelectric Modules Market Analysis, By Type, 2013 – 2023 (US$ Mn)
      3.4.1 Overview
              3.4.1.1 Global Thermoelectric Modules Market, by Type, Segment Share, 2014 & 2023
      3.4.2 Bulk (Standard) Thermoelectric Modules
              3.4.2.1 Global Bulk Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
      3.4.3 Micro Thermoelectric Modules
              3.4.3.1 Global Micro Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
      3.4.4 Thin Film Thermoelectric Modules
              3.4.4.1 Global Thin Film Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
3.5 Global  Bulk Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.5.1 Overview
              3.5.1.1 Global Bulk Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
3.6 Global Bulk Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.6.1 Global Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
3.7 Global  Micro Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.7.1 Overview
              3.7.1.1 Global Micro Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
3.8 Global Micro Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.8.1 Global Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
3.9 Global Thin Film Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.9.1 Overview
              3.9.1.1 Global Thin Film Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
3.10 Global Thin Film Thermoelectric Modules Market Analysis, By Application, 2013 – 2023 (US$ Mn)
      3.10.1 Global Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
3.11 Global Thermoelectric Modules Market Analysis, By Geography, 2013 – 2023 (US$ Mn)
      3.11.1 North America
              3.11.1.1 Overview
              3.11.1.2 Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
      3.11.2 Europe
              3.11.2.1 Overview
              3.11.2.2 Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
      3.11.3 Asia Pacific
              3.11.3.1 Overview
              3.11.3.2 Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
      3.11.4 Middle East and Africa (MEA)
              3.11.4.1 Overview
              3.11.4.2 Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
      3.11.5 Latin America
              3.11.5.1 Overview
              3.11.5.2 Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
3.12 Competitive Landscape
      3.12.1 Market Positioning of Key Players, 2014
      3.12.2 Competitive Strategies Adopted by Leading Players
      3.12.3 Recommendations

Chapter 4 North America Thermoelectric Modules Market Overview
4.1 Market Dynamics and Trends
4.2 North America Thermoelectric Modules Market Analysis, by Technology
      4.2.1 North America Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
      4.2.2 North America Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
4.3 North America Thermoelectric Modules Market Analysis, by Type
      4.3.1 North America Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
      4.3.2 North America Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
4.4 North America Bulk Thermoelectric Modules Market Analysis, by Application
      4.4.1 North America Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
4.5 North America Micro Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      4.5.1 North America Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
4.6 North America Thin Film Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      4.6.1 North America Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

Chapter 5 Europe Thermoelectric Modules Market Overview
5.1 Market Dynamics and Trends
5.2 Europe Thermoelectric Modules Market Analysis, by Technology
      5.2.1 Europe Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
      5.2.2 Europe Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
5.3 Europe Thermoelectric Modules Market Analysis, by Type
      5.3.1 Europe Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
      5.3.2 Europe Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
5.4 Europe Bulk Thermoelectric Modules Market Analysis, by Application
      5.4.1 Europe Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
5.5 Europe Micro Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      5.5.1 Europe Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
5.6 Europe Thin Film Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      5.6.1 Europe Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

Chapter 6 Asia Pacific Thermoelectric Modules Market Overview
6.1 Market Dynamics and Trends
6.2 Asia Pacific Thermoelectric Modules Market Analysis, by Technology
      6.2.1 Asia Pacific Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
      6.2.2 Asia Pacific Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
6.3 Asia Pacific Thermoelectric Modules Market Analysis, by Type
      6.3.1 Asia Pacific Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
      6.3.2 Asia Pacific Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
6.4 Asia Pacific Bulk Thermoelectric Modules Market Analysis, by Application
      6.4.1 Asia Pacific Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
6.5 Asia Pacific Micro Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      6.5.1 Asia Pacific Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
6.6 Asia Pacific Thin Film Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      6.6.1 Asia Pacific Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

Chapter 7 Middle East and Africa Thermoelectric Modules Market Overview
7.1 Market Dynamics and Trends
7.2 Middle East and Africa Thermoelectric Modules Market Analysis, by Technology
      7.2.1 Middle East and Africa Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
      7.2.2 Middle East and Africa Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
7.3 Middle East and Africa Thermoelectric Modules Market Analysis, by Type
      7.3.1 Middle East and Africa Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
      7.3.2 Middle East and Africa Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
7.4 Middle East and Africa Bulk Thermoelectric Modules Market Analysis, by Application
      7.4.1 Middle East and Africa Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
7.5 Middle East and Africa Micro Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      7.5.1 Middle East and Africa Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
7.6 Middle East and Africa Thin Film Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      7.6.1 Middle East and Africa Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

Chapter 8 Latin America Thermoelectric Modules Market Overview
8.1 Market Dynamics and Trends
8.2 Latin America Thermoelectric Modules Market Analysis, by Technology
      8.2.1 Latin America Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
      8.2.2 Latin America Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
8.3 Latin America Thermoelectric Modules Market Analysis, by Type
      8.3.1 Latin America Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
      8.3.2 Latin America Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
8.4 Latin America Bulk Thermoelectric Modules Market Analysis, by Application
      8.4.1 Latin America Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
8.5 Latin America Micro Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      8.5.1 Latin America Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
8.6 Latin America Thin Film Thermoelectric Modules Market Analysis, by Application, 2013 – 2023 (US$ Mn)
      8.6.1 Latin America Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

Chapter 9 Company Profiles
9.1 Ferrotec Corporation
9.2 RMT Ltd.
9.3 Laird Technologies, Inc.
9.4 Tellurex Corporation
9.5 Marlow Industries
9.6 KELK Ltd.
9.7 Thermion Company
9.8 Gentherm Inc.
9.9 TE Technology, Inc.
9.10 Crystal Ltd.
9.11 Toshiba Materials Co., Ltd.
9.12 LG Innotek, Co., Ltd.
9.13 Thermonamic Electronics (Jianxi) Corp., Ltd.
9.14 Guangdong Fuxin Technology Co., Ltd.
9.15 EVERREDtronics Ltd.
9.16 Hebei International Trading (Shanghai) Co., Ltd.
9.17 Micropelt GmbH
9.18 Perpetua Power Source Technologies, Inc.
9.19 TEC Microsystems GmbH
9.20 GreenTEG AG
9.21 Hi-Z technology, Inc.
9.22 Ferrotec Nord Corporation
9.23 Panasonic Corporation
9.24 Beijing Huimao Cooling Equipment Co., Ltd.
9.25 Xiamen Hicool Electronics Co., Ltd.
9.26 Z-Max Co., Ltd.
9.27 Merit Technology Group, Co., Ltd.
9.28 Align Sourcing LLC
9.29 Alphabet Energy, Inc.
9.30 Wellen Technology Co., Ltd.
9.31 Scientific & Production Firm MODUL
9.32 Hotblock Onboard
9.33 Kryotherm

List of Figures

FIG. 1 Market Segmentation: Global Thermoelectric Modules Market
FIG. 2 Global Thermoelectric Modules Market, 2013 – 2023, Revenue (US$ Mn)
FIG. 3 Global Thermoelectric Modules Market, by Technology, 2014 (US$ Mn)
FIG. 4 Global Thermoelectric Modules Market, by Type, 2014 (US$ Mn)
FIG. 5 Global Bulk Thermoelectric Modules Market, by Application, 2014 (US$ Mn)
FIG. 6 Global Micro Thermoelectric Modules Market, by Application, 2014 (US$ Mn)
FIG. 7 Global Thin Film Thermoelectric Modules Market, by Application, 2014 (US$ Mn)
FIG. 8 Global Thermoelectric Modules Market, By Technology, Segment Share, 2014 & 2023
FIG. 9 Global Single-stage Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
FIG. 10 Global Multi-stage Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
FIG. 11 Global Thermoelectric Modules Market, by Type, Segment Share, 2014 & 2023
FIG. 12 Global Bulk Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
FIG. 13 Global Micro Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
FIG. 14 Global Thin Film Thermoelectric Modules Market, Revenue and Forecast, 2013 – 2023 (US$ Mn)
FIG. 15 Global Bulk Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
FIG. 16 Global Micro Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
FIG. 17 Global Thin Film Thermoelectric Modules Market, By Application, Segment Share, 2014 & 2023
FIG. 18 North America Thermoelectric Modules Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 19 Europe Thermoelectric Modules Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 20 Asia Pacific Thermoelectric Modules Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023 and Y-o-Y Growth (%), 2013 – 2023
FIG. 21 Middle East and Africa Thermoelectric Modules Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 22 Latin America Thermoelectric Modules Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2013 – 2023
FIG. 23 North America Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
FIG. 24 North America Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
FIG. 25 Europe Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
FIG. 26 Europe Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
FIG. 27 Asia Pacific Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
FIG. 28 Asia Pacific Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
FIG. 29 Middle East and Africa Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
FIG. 30 Middle East and Africa Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)
FIG. 31 Latin America Thermoelectric Modules Market Segment Share, by Technology, 2014 and 2023 (%)
FIG. 32 Latin America Thermoelectric Modules Market Segment Share, by Type, 2014 and 2023 (%)

List of Tables

TABLE 1 Market Snapshot: Global Thermoelectric Modules Market (2014 and 2023)
TABLE 2 Global Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 3 Global Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 4 Global Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 5 Market Positioning of Key Players, 2014
TABLE 6 North America Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
TABLE 7 North America Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
TABLE 8 North America Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 9 North America Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 10 North America Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 11 Europe Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
TABLE 12 Europe Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
TABLE 13 Europe Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 14 Europe Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 15 Europe Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 16 Asia Pacific Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
TABLE 17 Asia Pacific Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
TABLE 18 Asia Pacific Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 19 Asia Pacific Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 20 Asia Pacific Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 21 Middle East and Africa Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
TABLE 22 Middle East and Africa Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
TABLE 23 Middle East and Africa Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 24 Middle East and Africa Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 25 Middle East and Africa Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 26 Latin America Thermoelectric Modules Market Revenue and Forecast, by Technology, 2013 – 2023 (US$ Mn)
TABLE 27 Latin America Thermoelectric Modules Market Revenue and Forecast, by Type, 2013 – 2023 (US$ Mn)
TABLE 28 Latin America Bulk Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 29 Latin America Micro Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)
TABLE 30 Latin America Thin Film Thermoelectric Modules Market Revenue and Forecast, by Application, 2013 – 2023 (US$ Mn)

This report aims to provide a comprehensive strategic analysis of the global thermoelectric modules market along with the market revenue and growth forecast for the period from 2013 to 2023. Increasing demand for thermoelectric modules in various industries for cooling, heating, and energy generation majorly drives the global thermoelectric modules market. Thermoelectric modules are semiconductor elements that can instantly cool or warm an object by producing temperature differentials. Thermoelectric modules consists of semiconductor elements that are heavily doped with electrical carriers. These elements are arranged into array that are thermally connected in parallel and electrically connected in series. Demand for thermoelectric modules is primarily owing to their superior features, such as reliable solid state operation, compactness, and capacity for precise temperature control. Moreover, strong demand for thermoelectric modules in energy harvesting is expected to lead to the growth of the thermoelectric modules market. Manufacturers of thermoelectric modules focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.

This research study on the global thermoelectric modules market provides a detailed analysis of how different regions across the globe are using thermoelectric modules for precise temperature control and power generation from waste heat. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2023. The report includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the thermoelectric modules market. It also provides the competitive landscape of the key players in the thermoelectric modules market in order to highlight the prevalent competition in this market. The report also provides a detailed competitive analysis of the key players in the thermoelectric modules market and identifies various business strategies adopted by these leading players. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the thermoelectric modules market.

Based on technology, the thermoelectric modules market is segmented into single-stage and multi-stage thermoelectric modules. Based on type, the market is segmented into bulk, micro, and thin film thermoelectric modules. The report also provides information pertaining to different applications of bulk, micro, and thin film thermoelectric modules. On the basis of applications the market for bulk thermoelectric modules is segmented into consumer electronics, telecommunications, medicine and laboratories, automotive, defense and space, industrial applications, and energy harvesting applications. The study also includes various applications of micro thermoelectric modules, such as lasers and LEDs, photodiodes and arrays, detectors and sensors, medicine and laboratories, automotive, and energy harvesting applications. Moreover, based on applications, the market for thin film thermoelectric modules is segmented into consumer electronics, medicine and laboratories, automotive, detectors and sensors, energy harvesting, and other applications. The others segment includes aerospace and defense and industrial applications. The report aims to provide a comprehensive, cross-sectional analysis of the thermoelectric modules market across major geographical segments such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

The report includes an overview of the market strategies, annual revenues, and the recent developments of the key companies operating in the market. The key market participants profiled in the study include Ferrotec Corporation, Tellurex Corporation, Laird Technologies, Inc., RMT Ltd., Marlow Industries, TE Technology, Inc., KELK Ltd., Thermion Company, Kryotherm, EVERREDtronics Ltd., Micropelt GmbH, Green TEG AG, Hi-Z Technology, Inc., Ferrotec Nord Corporation, Align Sourcing LLC, Alphabet Energy, Inc., Xiamen Hicool Electronics Co., Ltd., Merit Technology Group Co., Ltd., and Z-MAX Co., Ltd. The report provides comprehensive analysis of the thermoelectric modules offered by these leading players. In-depth insights on research and development activities, new product launches, and upcoming technologies are also included in the report. 

Market Segmentation:

Thermoelectric Modules Market Analysis, by Technology

  • Single-stage
  • Multi-stage

Thermoelectric Modules Market Analysis, by Type

  • Bulk Thermoelectric Modules
  • Micro Thermoelectric Modules
  • Thin Film Thermoelectric Modules

Bulk Thermoelectric Modules Market Analysis, by Application

  • Consumer Electronics
  • Telecommunication
  • Medicine and Laboratories
  • Automotive
  • Defense and Space
  • Industrial Applications
  • Energy Harvesting

Micro Thermoelectric Modules Market Analysis, by Application

  • Lasers and LEDs
  • Photodiodes and Arrays
  • Detectors and Sensors
  • Medicine and Laboratories
  • Automotive
  • Energy Harvesting

Thin Film Thermoelectric Modules Market Analysis, by Application

  • Consumer Electronics
  • Medicine and Laboratories
  • Automotive
  • Detectors and Sensors
  • Energy Harvesting
  • Others

Thermoelectric Modules Market by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • Latin America


 
 
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