Market Overview:
The global peltier modules market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient cooling solutions across various industries. In addition, the growing demand for miniaturized and lightweight cooling solutions is also contributing to the growth of this market. The global peltier modules market can be segmented on the basis of type into single stage module and multistage module. The single stage module segment is expected to account for a larger share of the global peltier modules market than the multistage module segment during the forecast period from 2018 to 2030. This can be attributed to its low cost and easy installation as compared with multistage modules.
Product Definition:
The Peltier module is a device that can convert electrical energy into thermal energy and vice versa. It is made up of two dissimilar metals (usually copper and aluminum) with an applied voltage. When the current flows through the module, it creates a temperature difference between the two sides. This difference can be used to generate heat or cool down an object.
Single Stage Module:
Single-stage module is a device that has one terminal and one or more load terminals. It can be used in Peltier Modules, thermoelectric modules, transducers and sensors applications. The single-stage module market is expected to witness significant growth over the forecast period owing to its ability of handling high power requirements for industrial applications.
Multistage Module:
Multistage module is a device that consists of n stages connected in series. It can be used as an alternative to thermoelectric multisection if the output voltage needs to be higher than the input voltage.
The multistage module has advantages over thermoelectric modules such as it's easy to install, no need for external heat sources and it can deliver high power efficiency at low cost which are very important factors for industrial applications.
Application Insights:
The automotive application segment led the global market and accounted for more than a 29% share of the total revenue in 2017. The growth is attributed to increasing demand for Peltier modules in vehicles, especially in cold- climate countries such as Russia, Norway, and Sweden. Moreover, rising sales of sports cars and luxury vehicles are expected to boost product demand over the forecast period.
The medical industry segment is anticipated to witness significant growth over the forecast period owing to its rising use in manufacturing equipment that requires temperature stabilization such as incubators and freezers. Incubators are used by hospitals or laboratories for maintaining constant temperatures during various processes including cell cultivation & proliferation, frozen storage & transport etc., Equipment using these modules include - blood processing equipment; bioreactor systems; glassware; heat exchangers etc., Increasing R&D activities related to stem cells also boosts product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the presence of a large number of manufacturers and OEMs in countries, such as China, India, and Japan. The region is expected to continue its dominance over the forecast period due to increasing demand from end-use industries for Peltier modules that are used for cooling purposes.
The automotive industry is one of the major consumers of peltier modules owing to their high demand across various applications including air conditioning systems, electric vehicles’ batteries chargers, engine coolants/heaters among others. Increasing production levels by key automobile manufacturers such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp.; SuzukiMotor Corp; Isuzu Motors Ltd., etc.
Growth Factors:
- Increasing demand for energy-efficient devices: Peltier modules are used in a wide range of applications that require cooling or heating, such as consumer electronics, medical devices, and data centers. As the global population continues to grow and the demand for energy-efficient devices increases, the market for Peltier modules is expected to grow as well.
- Advances in technology: The development of new materials and technologies has helped to improve the performance of Peltier modules, making them more efficient and affordable. This is likely to spur further growth in the market over the next few years.
- Growing awareness about environmental issues: As people become more aware of environmental issues such as climate change, they are increasingly looking for ways to reduce their carbon footprint. One way they can do this is by using energy-efficient devices that incorporate Peltier modules into their design.
Scope Of The Report
Report Attributes
Report Details
Report Title
Peltier Modules Market Research Report
By Type
Single Stage Module, Multistage Module
By Application
Automotive, Electronic, Medical Industry, Defense & Aerospace, Food & Beverages, Others
By Companies
II-VI Marlow Incorporated, Komatsu, KJLP, Laird Thermal Systems, Ferrotec, Kryotherm Industries, Z-MAX, RMT Ltd., Thermion Company, Phononic, CUI Inc., Crystal Ltd, Merit Technology Group, EVERREDtronics Ltd, TE Technology
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Peltier Modules Market Report Segments:
The global Peltier Modules market is segmented on the basis of:
Types
Single Stage Module, Multistage Module
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
Automotive, Electronic, Medical Industry, Defense & Aerospace, Food & Beverages, 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 Incorporated
- Komatsu
- KJLP
- Laird Thermal Systems
- Ferrotec
- Kryotherm Industries
- Z-MAX
- RMT Ltd.
- Thermion Company
- Phononic
- CUI Inc.
- Crystal Ltd
- Merit Technology Group
- EVERREDtronics Ltd
- TE Technology
Highlights of The Peltier Modules 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:
- Single Stage Module
- Multistage Module
- By Application:
- Automotive
- Electronic
- Medical Industry
- Defense & Aerospace
- Food & Beverages
- 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 Modules 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?
Peltier Modules are a type of energy harvesting device that use the principles of thermoelectricity to convert heat into electricity.
Some of the major companies in the peltier modules market are II-VI Marlow Incorporated, Komatsu, KJLP, Laird Thermal Systems, Ferrotec, Kryotherm Industries, Z-MAX, RMT Ltd., Thermion Company, Phononic, CUI Inc., Crystal Ltd, Merit Technology Group, EVERREDtronics Ltd, TE Technology.
The peltier modules market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Peltier Modules 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 Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Peltier Modules 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 Modules 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 Modules Market Size & Forecast, 2020-2028
4.5.1 Peltier Modules Market Size and Y-o-Y Growth
4.5.2 Peltier Modules 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 Single Stage Module
5.2.2 Multistage Module
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 Automotive
6.2.2 Electronic
6.2.3 Medical Industry
6.2.4 Defense & Aerospace
6.2.5 Food & Beverages
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Peltier Modules 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 Modules 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 Single Stage Module
9.6.2 Multistage Module
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 Automotive
9.10.2 Electronic
9.10.3 Medical Industry
9.10.4 Defense & Aerospace
9.10.5 Food & Beverages
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 Single Stage Module
10.6.2 Multistage Module
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 Automotive
10.10.2 Electronic
10.10.3 Medical Industry
10.10.4 Defense & Aerospace
10.10.5 Food & Beverages
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 Single Stage Module
11.6.2 Multistage Module
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 Automotive
11.10.2 Electronic
11.10.3 Medical Industry
11.10.4 Defense & Aerospace
11.10.5 Food & Beverages
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 Single Stage Module
12.6.2 Multistage Module
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 Automotive
12.10.2 Electronic
12.10.3 Medical Industry
12.10.4 Defense & Aerospace
12.10.5 Food & Beverages
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 Single Stage Module
13.6.2 Multistage Module
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 Automotive
13.10.2 Electronic
13.10.3 Medical Industry
13.10.4 Defense & Aerospace
13.10.5 Food & Beverages
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 Modules Market: Competitive Dashboard
14.2 Global Peltier Modules Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 II-VI Marlow Incorporated
14.3.2 Komatsu
14.3.3 KJLP
14.3.4 Laird Thermal Systems
14.3.5 Ferrotec
14.3.6 Kryotherm Industries
14.3.7 Z-MAX
14.3.8 RMT Ltd.
14.3.9 Thermion Company
14.3.10 Phononic
14.3.11 CUI Inc.
14.3.12 Crystal Ltd
14.3.13 Merit Technology Group
14.3.14 EVERREDtronics Ltd
14.3.15 TE Technology
