Market Overview:
The global thermoelectric cooler (TEC) modules market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for TEC modules in various applications, such as automotive, electronic, medical industry, defense & aerospace, food & beverages and others. In addition, the growing awareness about energy efficiency is also propelling the growth of this market.
 Modules Industry Outlook.svg)
Product Definition:
Thermoelectric cooler (TEC) modules are devices that use the Peltier effect to create a temperature differential between two sides of the module. This differential can be used to cool or heat an object. TEC modules are used in a variety of applications, including cooling computer processors, preventing lens fogging in cameras, and heating food.
Single Stage Module:
Single-stage module (SSM) is a type of semiconductor device that consists of an n-type substrate and p-type well. The electrical charge carriers in the p region are thermally activated by elevated temperature, which results in conduction of current between the electrodes.
Single stage module (SSM) is used as a part of Thermoelectric cooler (TEC) modules for cooling purposes; it helps to decrease the junction temperature.
Multistage Module:
Multistage module is a device that consists of several components such as stages, interconnects, and substrates. It helps in increasing the power output from a solar cell by using multiple light rays to concentrate on one point which is known as focal point. Multistage modules are used in TEC (Thermoelectric cooler) modules for cooling down the temperature of each stage separately so that it can be easily regulated according to its requirement.
Application Insights:
The automotive application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The growing demand for passenger vehicles in developing countries such as India, China, Brazil and Mexico is expected to drive industry growth over the forecast period. In addition, stringent government regulations regarding reduced vehicle emissions are likely to promote TEC modules usage in automobiles.
Electronic industry was another prominent application segment accounting for a significant market share of more than 20% in 2017 owing to rising demand from various end-use industries such as power generation and wind energy among others. Growing electronics manufacturing sectors especially in Asia Pacific coupled with increasing use of thermoelectric materials has driven this application significantly over the past few years.
Regional Analysis:
The North American regional market dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for energy-efficient products, rising adoption of renewable energy technologies, and growing focus on space exploration. In addition, government initiatives encouraging private investment in clean energy projects are likely to boost regional market growth over the coming years.
Asia Pacific is anticipated to witness significant growth from 2018 to 2030 owing to rapid industrialization along with expanding end-use industries such as automotive and electronics across emerging economies including China, India, Indonesia among others will drive demand for TEC modules in this region.
Growth Factors:
- Increasing demand for TEC modules in the consumer electronics sector on account of growing adoption of portable devices and rising need for energy-efficient cooling solutions.
- Proliferation of data centers worldwide, as a result of which there is an increasing demand for TEC modules to cool high-density servers and racks.
- Growing popularity of electric vehicles (EVs) due to environmental concerns, which is resulting in an increase in the demand for TEC modules to cool batteries and motors.
- Rising investments in renewable energy sources such as solar and wind power, owing to which there is a greater need for efficient thermal management systems using TEC modules.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Cooler (TEC) 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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Cooler (TEC) Modules Market Report Segments:
The global Thermoelectric Cooler (TEC) 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
 Modules Market Overview.svg)
Highlights of The Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Modules Market Statistics.svg)
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?
Thermoelectric cooler modules are a type of energy-efficient cooling technology that uses the power of heat to create cold. They work by using a thermoelectric generator to convert thermal energy into electrical energy, which is then used to cool the device. This technology is often used in electronics and other high-temperature applications, such as data centers and aircraft engines.
Some of the key players operating in the thermoelectric cooler (tec) 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 thermoelectric cooler (tec) modules market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) Modules Market Size & Forecast, 2020-2028
4.5.1 Thermoelectric Cooler (TEC) Modules Market Size and Y-o-Y Growth
4.5.2 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) 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 Thermoelectric Cooler (TEC) Modules Market: Competitive Dashboard
14.2 Global Thermoelectric Cooler (TEC) 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
