Market Overview:
The global thermoelectric generator (TEG) modules 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 TEG modules in automotive, electronics, biomedical and other applications. In terms of type, the single stage module segment is expected to hold a major share of the global TEG modules market during the forecast period. However, the multistage module segment is projected to grow at a higher CAGR owing to its advantages such as improved efficiency and power output.
 Modules Industry Outlook.svg)
Product Definition:
Thermoelectric generators (TEG) modules are devices that convert thermal energy into electrical energy. They are used to power remote equipment or in situations where other forms of power generation are not feasible.
-They can operate in a wide range of environments, including extreme temperatures and high altitudes.
-They are silent and emissions-free.
-They require little or no maintenance.
Single Stage Module:
Single-stage module (SSM) is a type of semiconductor device used in thermoelectric generators (TEGs) for the conversion of thermal energy into electric energy. SSMs are mainly utilized as heat sources in TEG modules, which further convert the generated power to electrical form for usage inside an electronic device. The major application areas include consumer electronics, automotive and transportation, industrial automation systems, telecom base stations and mobile phones among others.
Multistage Module:
Multistage module is a device used in thermoelectric generator (TEG) modules to increase the power output. It consists of several stages connected by thermal conduction and has no electrical connections. The heat generated at one stage is transferred to the next stage via thermal radiation, convection or conductive heating.
Multistage Modules are mainly used for power generation in off-grid applications where electricity demand fluctuates greatly due to weather conditions.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The growing demand for thermoelectric modules to power electric vehicles is expected to have a positive impact on the market growth over the forecast period. Moreover, increasing government funding and incentives for developing and deploying electric vehicles are further anticipated to drive TEGs in automobiles applications.
Electronics is another key application segment where multistage module based thermoelectric generators are used as power sources for various electronic products such as portable instruments, mobile phones, laptops etc. Increasing usage of electronics products in medical applications such as pacemakers is also anticipated to propel product demand from this sector over the forecast period.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the increasing demand for TEGs from various end-use industries, such as automotive, electronics and biomedical. The U.S., being a developed economy with high disposable income is expected to remain a key consumer of these products over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising demand from developing countries such as China and India along with other Southeast Asian nations that are emerging economies experiencing rapid economic development at an exponential rate since past few years due to which they have been attracting huge investments from different industrial sectors including automotive, aerospace & defense, etc.; hence driving up overall product consumption in this region significantly over next eight years till 2030 time frame.
Growth Factors:
- Increasing demand for TEG modules from the automotive sector on account of stringent emission norms
- Growing popularity of TEG modules in renewable energy applications
- Rising demand for TEG modules from data centers and telecommunications sector
- Proliferation of micro-turbines and fuel cells that require efficient thermal management systems
- Technological advancements in thermoelectric materials and devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Generator (TEG) Modules Market Research Report
By Type
Single Stage Module, Multistage Module
By Application
Automotive, Electronics, Biomedical, Others
By Companies
Ferrotec, Laird, KELK, II-VI Marlow, RMT, CUI, Hi-Z, Tellurex, Crystal, P&N Tech, Thermonamic Electronics, Kryo Therm, Wellen Tech, AMS Technologies
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Generator (TEG) Modules Market Report Segments:
The global Thermoelectric Generator (TEG) 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, Electronics, Biomedical, 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:
- Ferrotec
- Laird
- KELK
- II-VI Marlow
- RMT
- CUI
- Hi-Z
- Tellurex
- Crystal
- P&N Tech
- Thermonamic Electronics
- Kryo Therm
- Wellen Tech
- AMS Technologies
 Modules Market Overview.svg)
Highlights of The Thermoelectric Generator (TEG) 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
- Electronics
- Biomedical
- 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 Generator (TEG) 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 Generator (TEG) modules are a type of renewable energy technology that converts the heat from a thermal source into electricity. This technology is often used in solar and wind power systems, as it is an efficient way to generate electricity from these sources. TEG modules work by using the temperature difference between two different surfaces to create an electric current.
Some of the key players operating in the thermoelectric generator (teg) modules market are Ferrotec, Laird, KELK, II-VI Marlow, RMT, CUI, Hi-Z, Tellurex, Crystal, P&N Tech, Thermonamic Electronics, Kryo Therm, Wellen Tech, AMS Technologies.
The thermoelectric generator (teg) modules market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoelectric Generator (TEG) 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 Generator (TEG) Modules Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoelectric Generator (TEG) 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 Generator (TEG) 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 Generator (TEG) Modules Market Size & Forecast, 2020-2028
4.5.1 Thermoelectric Generator (TEG) Modules Market Size and Y-o-Y Growth
4.5.2 Thermoelectric Generator (TEG) 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 Electronics
6.2.3 Biomedical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoelectric Generator (TEG) 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 Generator (TEG) 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 Electronics
9.10.3 Biomedical
9.10.4 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 Electronics
10.10.3 Biomedical
10.10.4 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 Electronics
11.10.3 Biomedical
11.10.4 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 Electronics
12.10.3 Biomedical
12.10.4 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 Electronics
13.10.3 Biomedical
13.10.4 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 Generator (TEG) Modules Market: Competitive Dashboard
14.2 Global Thermoelectric Generator (TEG) Modules Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ferrotec
14.3.2 Laird
14.3.3 KELK
14.3.4 II-VI Marlow
14.3.5 RMT
14.3.6 CUI
14.3.7 Hi-Z
14.3.8 Tellurex
14.3.9 Crystal
14.3.10 P&N Tech
14.3.11 Thermonamic Electronics
14.3.12 Kryo Therm
14.3.13 Wellen Tech
14.3.14 AMS Technologies
