Market Overview:
The global peltier device market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient devices across different applications, rising awareness about the benefits of using peltier devices, and technological advancements in this field. Based on type, the global peltier device market can be segmented into multi-stage and single-stage peltier devices. The multi-stage segment is expected to account for a larger share of the global market than the single-stage segment during the forecast period. This can be attributed to its higher efficiency as compared to single-stage peltiers. Based on application, the global peltier device market can be divided into automotive, military, consumer electronics, healthcare, industrial and other applications segments.
Product Definition:
A Peltier Device, also known as a Thermoelectric Cooler (TEC), is a two-terminal device that transfers heat from one side of the device to the other, based on the principles of thermodynamics. When electrical current flows through it, one side gets hot while the other side gets cold. The Peltier Device can be used for either heating or cooling and is often used in thermal management applications such as cooling computer processors or charging batteries.
Multi-Stage:
Multi-stage Peltier device is a type of thermoelectric cooler which consists of more than two cooling stages. The first stage is usually a heat pump which extracts heat from one side and sends it to another side, thus creating a temperature difference. The second stage may be air or water based and used to cool the generated electricity. In case of third stage, the liquid used in this stage could be again water or air based (based on application).
Single-Stage:
Single-stage Peltier device is one of the most basic cooling devices used in electronic applications. It consists of two heat transfer surfaces separated by a single layer of thermal insulation. The advantage to this type of construction is that there are no moving parts, which eliminates the possibility for failure and also reduces maintenance costs.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. Peltier devices are used in various automotive applications such as engine cooling, heat exchangers, and air conditioners. The growing demand for electric vehicles is expected to augment the product demand over the forecast period.
Peltier devices find extensive use in military equipment owing to their ability to withstand extreme environmental conditions and provide reliable performance even after exposure to nuclear radiation and chemical agents. They are used across a wide range of military applications including radars, communication systems, night-vision goggles & sights, missile defense systems & anti-aircraft guns/missiles among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rising demand for energy efficient cooling devices in various end-use industries, such as automotive and consumer electronics. In addition, increasing government spending on defense equipment is projected to drive the demand for peltier devices in military applications across this region.
The growing manufacturing sector and rapid industrialization are also likely to contribute significantly towards product demand across Asia Pacific during the forecast period. Furthermore, robust economic growth coupled with increasing per capita income levels has resulted in high consumer spending on electronic products including laptops and mobiles across this region which will further boost industry expansion over the next eight years time frame.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for Peltier devices is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for energy-efficient devices across the globe.
- Rising demand from the automotive sector: The automotive sector is one of the key end users of Peltier devices and is expected to witness significant growth in the coming years. This can be attributed to the increasing focus on fuel efficiency and reduction in CO2 emissions by automakers worldwide.
- Growing popularity of thermoelectric cooling systems: Thermoelectric cooling systems are becoming increasingly popular due to their high efficiency and low power consumption as compared with traditional air conditioning systems. This is likely to boost the growth of the global Peltier device market in future years.
- Technological advancements: With technological advancements, new applications for Peltier devices are being discovered every day, which is likely to propel its growth in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Peltier Device Market Research Report
By Type
Multi-Stage, Single-Stage, Thermocyclers
By Application
Automobile, Military, Consumer electronics, Healthcare, Industrial, Others
By Companies
II-VI Marlow, Micropelt, TE Technology，Inc., Z-MAX, CUI, Adafruit, Meerstetter Engineering, Ferrotec, KryOthersm, Laird, II-VI Marlow, Beijing Huimao Cooling Equipment Co., Ltd., Komatsu, Kreazone, Custom Thermoelectric Inc., Phononic, Inc., Hicooltec, Merit Technology Group, Thermion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Peltier Device Market Report Segments:
The global Peltier Device market is segmented on the basis of:
Types
Multi-Stage, Single-Stage, Thermocyclers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Military, Consumer electronics, Healthcare, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- II-VI Marlow
- Micropelt
- TE Technology，Inc.
- Z-MAX
- CUI
- Adafruit
- Meerstetter Engineering
- Ferrotec
- KryOthersm
- Laird
- II-VI Marlow
- Beijing Huimao Cooling Equipment Co., Ltd.
- Komatsu
- Kreazone
- Custom Thermoelectric Inc.
- Phononic, Inc.
- Hicooltec
- Merit Technology Group
- Thermion
Highlights of The Peltier Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi-Stage
- Single-Stage
- Thermocyclers
- By Application:
- Automobile
- Military
- Consumer electronics
- Healthcare
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Peltier Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Peltier device is a type of electronic component that uses the principles of thermodynamics to convert heat energy into electrical energy.
Some of the major companies in the peltier device market are II-VI Marlow, Micropelt, TE Technology，Inc., Z-MAX, CUI, Adafruit, Meerstetter Engineering, Ferrotec, KryOthersm, Laird, II-VI Marlow, Beijing Huimao Cooling Equipment Co., Ltd., Komatsu, Kreazone, Custom Thermoelectric Inc., Phononic, Inc., Hicooltec, Merit Technology Group, Thermion.
The peltier device market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Peltier Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Peltier Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Peltier Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Peltier Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Peltier Device Market Size & Forecast, 2020-2028
4.5.1 Peltier Device Market Size and Y-o-Y Growth
4.5.2 Peltier Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Multi-Stage
5.2.2 Single-Stage
5.2.3 Thermocyclers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Military
6.2.3 Consumer electronics
6.2.4 Healthcare
6.2.5 Industrial
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Peltier Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Peltier Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Multi-Stage
9.6.2 Single-Stage
9.6.3 Thermocyclers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Military
9.10.3 Consumer electronics
9.10.4 Healthcare
9.10.5 Industrial
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Multi-Stage
10.6.2 Single-Stage
10.6.3 Thermocyclers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Military
10.10.3 Consumer electronics
10.10.4 Healthcare
10.10.5 Industrial
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Multi-Stage
11.6.2 Single-Stage
11.6.3 Thermocyclers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Military
11.10.3 Consumer electronics
11.10.4 Healthcare
11.10.5 Industrial
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Multi-Stage
12.6.2 Single-Stage
12.6.3 Thermocyclers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Military
12.10.3 Consumer electronics
12.10.4 Healthcare
12.10.5 Industrial
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Multi-Stage
13.6.2 Single-Stage
13.6.3 Thermocyclers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Military
13.10.3 Consumer electronics
13.10.4 Healthcare
13.10.5 Industrial
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Peltier Device Market: Competitive Dashboard
14.2 Global Peltier Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 II-VI Marlow
14.3.2 Micropelt
14.3.3 TE Technology，Inc.
14.3.4 Z-MAX
14.3.5 CUI
14.3.6 Adafruit
14.3.7 Meerstetter Engineering
14.3.8 Ferrotec
14.3.9 KryOthersm
14.3.10 Laird
14.3.11 II-VI Marlow
14.3.12 Beijing Huimao Cooling Equipment Co., Ltd.
14.3.13 Komatsu
14.3.14 Kreazone
14.3.15 Custom Thermoelectric Inc.
14.3.16 Phononic, Inc.
14.3.17 Hicooltec
14.3.18 Merit Technology Group
14.3.19 Thermion
