Market Overview:
The global thermoelectric alloy market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for thermoelectric alloys in various applications, such as petroleum & petrochemicals, metallurgical & machinery, ceramic & glass processing, and electronic appliances. In addition, the growing demand for energy-efficient cooling and heating systems is also contributing to the growth of this market. Based on type, the global thermoelectric alloy market can be segmented into FeCrAl alloys, NiCr alloys, NiFe alloys,, NiCr-CuNi Alloys,, and other types. FeCrAl alloys are projected to lead the global thermoelectric alloy market during the forecast period due to their high thermal conductivity and low electrical resistivity properties. Based on application,,the global thermoelectric alloymarket can be divided intopetroleum & petrochemicals,,metallurgical & machinery,,ceramic& glass processing,,electronic appliances,.and other applications,.
Product Definition:
A thermoelectric alloy is a type of metal that can be used to create thermoelectric devices. These devices can convert thermal energy into electrical energy, and vice versa. This makes them useful for a variety of purposes, such as cooling or heating systems.
FeCrAl Alloys:
The global FeCrAl alloys market size was valued at USD 2.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising demand from end-use industries including electrical & electronics, automotive, and construction. The growing population coupled with rapid urbanization has resulted in an increased need for power generation sources; this factor is anticipated to augment industry expansion over the next seven years.
NiCr Alloys:
NiCr alloys are a group of materials with nickel and chromium at an alloying ratio of approximately 15:1. NiCr alloys have applications in electric heating elements, thermocouples, and thermopiles. The most commonly used material is probably NiCrB which has a composition of 65% by weight nickel and 35% by weightchromium. Other types include NiCrW, Nicroeel, etc.
Application Insights:
Petroleum & petrochemicals, metallurgical & machinery, ceramic & glass processing and electronic appliances are the key application areas of the global thermo-electrical alloys. In 2017, these four application segments accounted for a market share of over 50% each. The increasing demand for energy efficient products in various end-use industries is expected to drive product demand over the forecast period.
The other segment that includes food processing and packaging among others is projected to witness significant growth on account of rising R&D investments by major industry players such as General Electric Company and Siemens AG in order to develop new applications for TEMA based materials.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for electronic products and automobiles. In addition, growing use of solar energy is expected to drive demand forGTX alloys over the forecast period. Europe accounted for a significant share in terms of volume as well as revenue in 2017 owing to high automotive production and sales across major countries including Germany, France, Italy, U.K.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid industrialization along with expansion of automobile production bases by various companies such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp; Mitsubishi Electric Corporation; SuzukiMotorCorp; Isuzu Motors Ltd.
Growth Factors:
- Increasing demand for thermoelectric materials from the automotive and aerospace industries for waste heat recovery applications
- Growing demand for thermoelectric materials in power generation and refrigeration sectors
- Rising awareness about the benefits of using thermoelectric materials in various end-use applications
- Technological advancements in the manufacturing of thermoelectric alloys that are helping to reduce costs and improve performance
- Increasing investments by research organizations and companies into development of new thermoelectric alloys
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Alloy Market Research Report
By Type
FeCrAl Alloys, NiCr Alloys, NiFe alloys, NiCr- CuNi Alloys, Other Types
By Application
Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Other Application
By Companies
KANTHAL, Isabellenhütte, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, Taizhou Silver Xin, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, SHANGHAI XINXIANG, Taizhou Zhengxing, Jiangsu Lixin, Danyang Xinli Alloy, Hongtai Alloy, TAIXING TREE GREEN, YANCHENG HONGCHUANG, Jiangsu Huaxin Alloy, Xinghua Kaijin, SHANGHAI VEYUAN SPECIAL STEEL
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Alloy Market Report Segments:
The global Thermoelectric Alloy market is segmented on the basis of:
Types
FeCrAl Alloys, NiCr Alloys, NiFe alloys, NiCr- CuNi Alloys, Other Types
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
Petroleum & Petrochemicals, Metallurgical & Machinery, Ceramic & Glass Processing, Electronic Appliances, Other Application
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:
- KANTHAL
- Isabellenhütte
- Sedes
- T.R.W
- Xinghuo Special Steel
- Chongqing Chuanyi
- H.X.W
- Taizhou Silver Xin
- TAIZHOU JINCHUAN ALLOY
- TIANHE THERMOELECTRIC
- SHANGHAI XINXIANG
- Taizhou Zhengxing
- Jiangsu Lixin
- Danyang Xinli Alloy
- Hongtai Alloy
- TAIXING TREE GREEN
- YANCHENG HONGCHUANG
- Jiangsu Huaxin Alloy
- Xinghua Kaijin
- SHANGHAI VEYUAN SPECIAL STEEL
Highlights of The Thermoelectric Alloy 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:
- FeCrAl Alloys
- NiCr Alloys
- NiFe alloys
- NiCr- CuNi Alloys
- Other Types
- By Application:
- Petroleum & Petrochemicals
- Metallurgical & Machinery
- Ceramic & Glass Processing
- Electronic Appliances
- Other Application
- 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 Alloy 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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- Correctly Positioning New Products
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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?
Thermoelectric alloy is a material that can convert heat into electricity. This technology has the potential to be used in a variety of applications, including energy storage and transportation.
Some of the major companies in the thermoelectric alloy market are KANTHAL, IsabellenhƒÂ¼tte, Sedes, T.R.W, Xinghuo Special Steel, Chongqing Chuanyi, H.X.W, Taizhou Silver Xin, TAIZHOU JINCHUAN ALLOY, TIANHE THERMOELECTRIC, SHANGHAI XINXIANG, Taizhou Zhengxing, Jiangsu Lixin, Danyang Xinli Alloy, Hongtai Alloy, TAIXING TREE GREEN, YANCHENG HONGCHUANG, Jiangsu Huaxin Alloy, Xinghua Kaijin, SHANGHAI VEYUAN SPECIAL STEEL.
The thermoelectric alloy market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoelectric Alloy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermoelectric Alloy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoelectric Alloy Market - Supply Chain
4.5. Global Thermoelectric Alloy Market Forecast
4.5.1. Thermoelectric Alloy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoelectric Alloy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoelectric Alloy Market Absolute $ Opportunity
5. Global Thermoelectric Alloy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermoelectric Alloy Market Size and Volume Forecast by Type
5.3.1. FeCrAl Alloys
5.3.2. NiCr Alloys
5.3.3. NiFe alloys
5.3.4. NiCr- CuNi Alloys
5.3.5. Other Types
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoelectric Alloy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermoelectric Alloy Market Size and Volume Forecast by Application
6.3.1. Petroleum & Petrochemicals
6.3.2. Metallurgical & Machinery
6.3.3. Ceramic & Glass Processing
6.3.4. Electronic Appliances
6.3.5. Other Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoelectric Alloy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermoelectric Alloy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermoelectric Alloy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermoelectric Alloy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermoelectric Alloy Demand Share Forecast, 2019-2026
9. North America Thermoelectric Alloy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermoelectric Alloy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermoelectric Alloy Market Size and Volume Forecast by Application
9.4.1. Petroleum & Petrochemicals
9.4.2. Metallurgical & Machinery
9.4.3. Ceramic & Glass Processing
9.4.4. Electronic Appliances
9.4.5. Other Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoelectric Alloy Market Size and Volume Forecast by Type
9.7.1. FeCrAl Alloys
9.7.2. NiCr Alloys
9.7.3. NiFe alloys
9.7.4. NiCr- CuNi Alloys
9.7.5. Other Types
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermoelectric Alloy Demand Share Forecast, 2019-2026
10. Latin America Thermoelectric Alloy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermoelectric Alloy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermoelectric Alloy Market Size and Volume Forecast by Application
10.4.1. Petroleum & Petrochemicals
10.4.2. Metallurgical & Machinery
10.4.3. Ceramic & Glass Processing
10.4.4. Electronic Appliances
10.4.5. Other Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoelectric Alloy Market Size and Volume Forecast by Type
10.7.1. FeCrAl Alloys
10.7.2. NiCr Alloys
10.7.3. NiFe alloys
10.7.4. NiCr- CuNi Alloys
10.7.5. Other Types
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermoelectric Alloy Demand Share Forecast, 2019-2026
11. Europe Thermoelectric Alloy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermoelectric Alloy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermoelectric Alloy Market Size and Volume Forecast by Application
11.4.1. Petroleum & Petrochemicals
11.4.2. Metallurgical & Machinery
11.4.3. Ceramic & Glass Processing
11.4.4. Electronic Appliances
11.4.5. Other Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoelectric Alloy Market Size and Volume Forecast by Type
11.7.1. FeCrAl Alloys
11.7.2. NiCr Alloys
11.7.3. NiFe alloys
11.7.4. NiCr- CuNi Alloys
11.7.5. Other Types
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermoelectric Alloy Demand Share, 2019-2026
12. Asia Pacific Thermoelectric Alloy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermoelectric Alloy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermoelectric Alloy Market Size and Volume Forecast by Application
12.4.1. Petroleum & Petrochemicals
12.4.2. Metallurgical & Machinery
12.4.3. Ceramic & Glass Processing
12.4.4. Electronic Appliances
12.4.5. Other Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoelectric Alloy Market Size and Volume Forecast by Type
12.7.1. FeCrAl Alloys
12.7.2. NiCr Alloys
12.7.3. NiFe alloys
12.7.4. NiCr- CuNi Alloys
12.7.5. Other Types
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermoelectric Alloy Demand Share, 2019-2026
13. Middle East & Africa Thermoelectric Alloy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermoelectric Alloy Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermoelectric Alloy Market Size and Volume Forecast by Application
13.4.1. Petroleum & Petrochemicals
13.4.2. Metallurgical & Machinery
13.4.3. Ceramic & Glass Processing
13.4.4. Electronic Appliances
13.4.5. Other Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoelectric Alloy Market Size and Volume Forecast by Type
13.7.1. FeCrAl Alloys
13.7.2. NiCr Alloys
13.7.3. NiFe alloys
13.7.4. NiCr- CuNi Alloys
13.7.5. Other Types
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermoelectric Alloy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermoelectric Alloy Market: Market Share Analysis
14.2. Thermoelectric Alloy Distributors and Customers
14.3. Thermoelectric Alloy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KANTHAL
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Isabellenhütte
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sedes
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. T.R.W
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xinghuo Special Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chongqing Chuanyi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. H.X.W
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Taizhou Silver Xin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TAIZHOU JINCHUAN ALLOY
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TIANHE THERMOELECTRIC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SHANGHAI XINXIANG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Taizhou Zhengxing
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jiangsu Lixin
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Danyang Xinli Alloy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hongtai Alloy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TAIXING TREE GREEN
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. YANCHENG HONGCHUANG
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jiangsu Huaxin Alloy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xinghua Kaijin
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. SHANGHAI VEYUAN SPECIAL STEEL
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
