Market Overview:
The global thermoelectric generator for automotive market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising concerns over environmental pollution. The thermoelectric generator for automotive market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into thermoelectric modules, cooling plates, heat exchangers, and others. The thermoelectric module segment is expected to hold a major share in the global thermoelectric generator for automotive market during the forecast period owing to its high efficiency and low cost as compared to other types of generators. On the basis of application, passenger cars are expected to account for a major share in terms of revenue in 2018 followed by commercial cars duringthe forecast period. Passenger cars are increasingly becoming popular owing tot he growing demand for luxury vehicles across different regions worldwide whereas commercial cars are used extensivelyfor goods transportation purposes across different geographies.
Product Definition:
A thermoelectric generator for automotive is a device that converts heat energy into electrical energy. The importance of a thermoelectric generator for automotive is that it can help to power the vehicle's electrical systems and accessories.
Thermoelectric Module:
The global thermoelectric module market size was valued at USD 1.8 billion in 2016 and is expected to witness a CAGR of XX% over the forecast period. The growing demand for Electric Vehicles (EVs) and rising awareness regarding energy conservation are anticipated to drive the growth of this industry during the forecast period.
Cooling Plates:
The global Cooling Plates and its usage in the thermoelectric generator for automotive market size was valued at USD 8.5 million in 2016. The rising demand for electric & hybrid vehicles is expected to be a key factor driving the industry growth over the forecast period.
Thermoelectric Generators (TEGs) are used to convert heat generated by electronic devices into electricity, which further helps in augmenting fuel efficiency of automobiles.
Application Insights:
Passenger car application dominated the global market with a share of over 60.0% in 2017. The growing demand for passenger cars as Mode-of-Transport-of-Choice (MOTC) is expected to drive the growth of this segment during the forecast period. Increasing disposable income, especially in emerging economies such as China, India and Brazil is also expected to have a positive impact on market growth over the next eight years.
Commercial vehicle application segment was estimated at USD 536.3 million in 2017 owing to increasing investments by governments across various countries for promoting commercialization of transportation services such as public transport and logistics which are majorly driven by electric vehicles mode of transportations respectively. This has led automotive manufacturers towards developing products that can generate electricity from thermal energy thus contributing towards sustainable development goals while improving fuel efficiency and reducing harmful emissions from vehicles (NOx & CO2).
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing demand for passenger cars and rising adoption of renewable energy sources for vehicular power generation. The U.S. was at the forefront of global demand, accounting for a share of more than 80% in 2016 owing to high penetration rates of electric vehicles in the country’s automotive industry.
Europe accounted for a major revenue share due to growing environmental concerns among consumers and stringent government regulations pertaining vehicle emissions that are likely to boost product demand over the coming years. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 until 2030 on account with increasing automobile production levels, especially in China and India as well as growing automotive exports from these countries globally (figure 1).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This would lead to an increase in the demand for thermoelectric generators for automotive applications.
- Rising awareness about environment-friendly technologies: There is a growing awareness among consumers about the benefits of using environment-friendly technologies such as thermoelectric generators. This would lead to an increase in the adoption of these generators across various industries, including automotive.
- Technological advancements: The development of new and innovative technologies has led to the emergence of advanced thermoelectric generators that are more efficient and reliable than traditional ones. This is likely to boost the growth prospects of this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Generator For Automotive Market Research Report
By Type
Thermoelectric Module, Cooling Plates, Heat Exchangers, Others
By Application
Passenger Car, Commercial Car
By Companies
II-VI Marlow, Alphabet Energy, Inc., European Thermodynamics, Faurecia, Gentherm Incorporated, KELK Ltd., Laird PLC, SANGO Co., Ltd., Tenneco Inc., Thermonamic Electronics (Jiangxi) Corp., Ltd., Valeo, Yamaha Corporation
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Generator For Automotive Market Report Segments:
The global Thermoelectric Generator For Automotive market is segmented on the basis of:
Types
Thermoelectric Module, Cooling Plates, Heat Exchangers, Others
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
Passenger Car, Commercial Car
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
- Alphabet Energy, Inc.
- European Thermodynamics
- Faurecia
- Gentherm Incorporated
- KELK Ltd.
- Laird PLC
- SANGO Co., Ltd.
- Tenneco Inc.
- Thermonamic Electronics (Jiangxi) Corp., Ltd.
- Valeo
- Yamaha Corporation
Highlights of The Thermoelectric Generator For Automotive 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:
- Thermoelectric Module
- Cooling Plates
- Heat Exchangers
- Others
- By Application:
- Passenger Car
- Commercial Car
- 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 Generator For Automotive 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
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- Understanding Competition Scenario
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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 thermoelectric generator (TEG) is a device that converts the heat energy from an engine or other heat source into electrical energy. This electrical energy can then be used to power various automotive systems, such as lights, air conditioning, and even motors.
Some of the major companies in the thermoelectric generator for automotive market are II-VI Marlow, Alphabet Energy, Inc., European Thermodynamics, Faurecia, Gentherm Incorporated, KELK Ltd., Laird PLC, SANGO Co., Ltd., Tenneco Inc., Thermonamic Electronics (Jiangxi) Corp., Ltd., Valeo, Yamaha Corporation.
The thermoelectric generator for automotive market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoelectric Generator For Automotive 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 Generator For Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoelectric Generator For Automotive 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 Generator For Automotive 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 Generator For Automotive Market Size & Forecast, 2020-2028
4.5.1 Thermoelectric Generator For Automotive Market Size and Y-o-Y Growth
4.5.2 Thermoelectric Generator For Automotive 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 Thermoelectric Module
5.2.2 Cooling Plates
5.2.3 Heat Exchangers
5.2.4 Others
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 Passenger Car
6.2.2 Commercial Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoelectric Generator For Automotive 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 Generator For Automotive 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 Thermoelectric Module
9.6.2 Cooling Plates
9.6.3 Heat Exchangers
9.6.4 Others
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 Passenger Car
9.10.2 Commercial Car
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 Thermoelectric Module
10.6.2 Cooling Plates
10.6.3 Heat Exchangers
10.6.4 Others
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 Passenger Car
10.10.2 Commercial Car
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 Thermoelectric Module
11.6.2 Cooling Plates
11.6.3 Heat Exchangers
11.6.4 Others
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 Passenger Car
11.10.2 Commercial Car
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 Thermoelectric Module
12.6.2 Cooling Plates
12.6.3 Heat Exchangers
12.6.4 Others
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 Passenger Car
12.10.2 Commercial Car
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 Thermoelectric Module
13.6.2 Cooling Plates
13.6.3 Heat Exchangers
13.6.4 Others
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 Passenger Car
13.10.2 Commercial Car
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 Generator For Automotive Market: Competitive Dashboard
14.2 Global Thermoelectric Generator For Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 II-VI Marlow
14.3.2 Alphabet Energy, Inc.
14.3.3 European Thermodynamics
14.3.4 Faurecia
14.3.5 Gentherm Incorporated
14.3.6 KELK Ltd.
14.3.7 Laird PLC
14.3.8 SANGO Co., Ltd.
14.3.9 Tenneco Inc.
14.3.10 Thermonamic Electronics (Jiangxi) Corp., Ltd.
14.3.11 Valeo
14.3.12 Yamaha Corporation
