A recent report
published by Infinium Global Research on thermoelectric generators market
provides in-depth analysis of segments and sub-segments in the global as well
as regional thermoelectric generators market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
thermoelectric generators market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global thermoelectric generators market. According to the report, the global
thermoelectric generators market is projected to grow at a CAGR of 13.6% over
the forecast period of 2019-2025.
generator is a solid state device which converts heat directly into electricity.
Thermoelectric generators are mostly used as a micro energy harvester to
harvest waste heat energy in power plants. It has a wide range of application
in several industries due to its numerous advantages. Thermoelectric generators
are environmentally friendly, no moving parts so maintenance is required less
and has scalability property. Thermoelectric generators are appeared as
promising alternative green technology due to their distinct advantages.
demand for energy across various end-user industries such as automobile,
aerospace, defense, industrial and many others drives the growth of
thermoelectric generators market. Additionally, thermoelectric generators used
as power sources in satellites, space probes (radioisotope thermoelectric generators)
and also used in small portable applications. Furthermore, rising concerns
about environmental and emissions issues, particularly global warming have led
the demand for this market. In 2016, it
is projected that energy expenditures in the U.S. were $1.0 trillion. However,
high installation cost and their low heat to electricity efficiency could
hamper the growth of thermoelectric generators market during the forecast
period. Furthermore, massive capital investments by the several governments in
the same provides growth opportunities for the market in the coming years.
Recent research and development activities have developed new technologies
for the conversion of renewable energy to electricity is expected to create
lucrative opportunities for the thermoelectric generators market.
geographies, North America held maximum share in thermoelectric generators
market due to rising awareness regarding clear energy source. In North America
Countries, such as the U.S. and Canada are observing a growing adoption of
thermoelectric generators in the automotive industry. Furthermore, Europe and Asia Pacific regions
are expected to be the highest growth rate in this market during the forecast
period. The countries such as China and India are expected to grow at a
substantial rate in this market owing to the increase in demand for vehicles.
Additionally, Rapid growth in industrialization is another factor responsible
for the growth of thermoelectric generators market in the Asia Pacific region.
The report on
global thermoelectric generators market covers segments such as source,
material, and industry verticals. On the basis of source, the sub-markets
include waste heat recovery, energy harvesting, co-generation, and direct power
generation. On the basis of material, the sub-markets include
bismuth-telluride(BI-TE), copper-iron(CU-FE), lead-telluride(PB-TE), and
antimony-bismuth(SB-BI). On the basis of industry verticals, the sub-markets
include automotive, aerospace & defence, marine, industrial, and others.
provides profiles of the companies in the market such as Alphabet Energy, Inc.,
Thermoelectric Woodstove Generators, Yamaha Corporation, Laird plc, Ferrotec
Corporation, II-VI Incorporated, Gentherm Incorporated, Komatsu Limited,
Evident Thermoelectrics, and Other Companies.
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of thermoelectric generators market. Moreover,
the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.