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Published Date: May, 2018

Thermoelectric Modules Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024


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A recent report published by Infinium Global Research on thermoelectric modules market provides in depth analysis of segments and sub-segments in global as well as regional markets of thermoelectric modules market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of thermoelectric modules over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global thermoelectric modules market. According to report the global thermoelectric modules market is projected to grow at a CAGR of 8.6% over the forecast period of 2018 - 2024.


Market Insights

The thermoelectric modules used in several applications including automotive, consumer electronics, bio-monitoring and healthcare related devices, telecommunications, and defense among others to provide the temperature cooling. This is one of important factors driving the growth of the thermo-electric module market worldwide. In addition, the thermoelectric modules offer benefits such as, lower power consumption, rapid response time and control and cycling which results in increasing rate of adoption of this module in various industries are expected to escalate the growth of this market. On the other hand, high cost and lower efficiency of the modules as compare to traditional refrigeration and cooling systems are likely to restrain the growth of this market over the forecast period. Moreover, rising developments in thermoelectric modules to increase the efficiency and reduction in price are projected to create several opportunities in upcoming years.

 

Segments Covered

The report on global thermoelectric modules market covers segments such as type, technology, functionality, and end-use. The type segments include micro thermoelectric, thin film thermoelectric and bulk thermoelectric. On the basis of technology the global thermoelectric modules market is categorized into single stage and multi stage. Furthermore, on the basis of functionality the thermoelectric modules market is segmented as deep cooling modules and general purpose modules. On the basis of end-use the thermoelectric modules market is segmented as telecommunications, industrial, automotive, aerospace & defense, oil, gas & mining, consumer electronics and medical & laboratories.


Thermoelectric Modules Market

 

 Geographic Coverage

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.  The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.

 

Companies Profiled:

The report provides profiles of the companies in the global thermoelectric modules market such as, KELK Ltd, Thermonamic Electronics, Laird, RMT Ltd, II-VI Marlow, TE Technology, Ferrotec, Thermion Company, Crystal Ltd., and Align Sourcing.

 

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global thermoelectric modules market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on 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 modules market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the thermoelectric modules market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the thermoelectric modules market to understand the present and future trends in this market and formulate their strategies accordingly.

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