Market Overview:
The global thermoelectric generator market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and eco-friendly technologies across different industries. In addition, the growing awareness about the benefits of using thermoelectric generators is also contributing to the growth of this market. Based on type, the global thermoelectric generator market can be segmented into waste heat recovery, energy harvesting, direct power generation, and co-generation. Of these segments, waste heat recovery is currently leading in terms of adoption and accounted for more than 50% share of the total market in 2017. This segment is expected to maintain its dominance during the forecast period as well owing to rising concerns over energy wastage and environmental pollution across different industries worldwide. Based on application, military and aerospace sector held a dominant position in 2017 with more than 30% share of total revenue generated by thermoelectric generators globally followed by wireless sensor network applications which are anticipated witness highest CAGR over next few years due stringent emission norms being set up by various governments around world .
Product Definition:
A thermoelectric generator (TEG) is a solid-state device that converts heat into electrical energy. TEGs are also known as thermal electric generators, or Peltier devices. They are used to power small electronic devices and sensors, and can also be used to convert waste heat into useful electrical energy.
Waste Heat Recovery:
Waste heat recovery is the process of utilizing the thermal energy that is normally dissipated or released from a system and directed to the environment. In most cases, this waste heat is usually dissipated into the air, however in some cases it can be captured for use as indicated below. The main factor responsible for increasing market growth includes government initiatives towards creating awareness among people regarding waste management and recycling processes.
Energy Harvesting:
Energy harvesting is the extraction of energy from various sources using electronic devices. It's major applications are in power line communication, wireless sensors networks, and building automation systems. The most common forms of energy harvesting include photo-voltaic solar cells and thermoelectric generators (PV & TE). PV & TE market size was valued at USD 2 billion in 2014 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The military and aerospace application segment accounted for the largest revenue share in 2016. The thermoelectric generators find their usage in aircraft engines, space vehicles, UAVs/UPSVs, marine applications as well as land based applications such as air conditioners and heat pumps. Increasing defense expenditure by countries such as China and India is expected to fuel the demand for TEGs over the forecast period.
The wireless sensor network application segment is anticipated to witness lucrative growth over the forecast period owing to increasing adoption of TEGs in smart city projects across various regions including North America and Europe. These projects are aimed at integrating various infrastructure components including power generation, water heating & cooling systems into a wireless network which will result in increased product demand during 2018-2030 timeframe.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to increasing government funding for R&D and growing adoption of ITG across various end-use industries. The U.S. military and defense sector are anticipated to be key application segments driving regional demand over the next eight years.
Increasing demand from developing economies, such as China, India, Brazil, Mexico is expected to drive growth in Latin America region during the forecast period due to rising awareness about its benefits such as enhanced efficiency.
Growth Factors:
- Increasing demand for electricity due to the growth of the industrial and commercial sectors
- Government initiatives and policies to promote the use of renewable energy sources
- Rising concerns over climate change and global warming
- Technological advancements in thermoelectric materials and devices
- Growing popularity of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Generator Market Research Report
By Type
Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-Generation
By Application
Military and Aerospace, Wireless Sensor Network, Industrial
By Companies
II-VI Marlow, ADVANCE RIKO, Alphabet Energy, Ferrotec Corporation, Gentherm Global Power Technologies, Yamaha Corp
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Generator Market Report Segments:
The global Thermoelectric Generator market is segmented on the basis of:
Types
Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-Generation
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
Military and Aerospace, Wireless Sensor Network, Industrial
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
- ADVANCE RIKO
- Alphabet Energy
- Ferrotec Corporation
- Gentherm Global Power Technologies
- Yamaha Corp
Highlights of The Thermoelectric Generator 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:
- Waste Heat Recovery
- Energy Harvesting
- Direct Power Generation
- Co-Generation
- By Application:
- Military and Aerospace
- Wireless Sensor Network
- Industrial
- 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 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
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 is a device that converts the heat energy from an external source, such as the sun or a furnace, into electrical energy. This type of generator can be used to power electronic devices or to generate electricity for use in homes and businesses.
Some of the major players in the thermoelectric generator market are II-VI Marlow, ADVANCE RIKO, Alphabet Energy, Ferrotec Corporation, Gentherm Global Power Technologies, Yamaha Corp.
The thermoelectric generator market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoelectric Generator 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 Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoelectric Generator Market - Supply Chain
4.5. Global Thermoelectric Generator Market Forecast
4.5.1. Thermoelectric Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoelectric Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoelectric Generator Market Absolute $ Opportunity
5. Global Thermoelectric Generator 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 Generator Market Size and Volume Forecast by Type
5.3.1. Waste Heat Recovery
5.3.2. Energy Harvesting
5.3.3. Direct Power Generation
5.3.4. Co-Generation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoelectric Generator 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 Generator Market Size and Volume Forecast by Application
6.3.1. Military and Aerospace
6.3.2. Wireless Sensor Network
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoelectric Generator 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 Generator 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 Generator 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 Generator 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 Generator Demand Share Forecast, 2019-2026
9. North America Thermoelectric Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
9.4.1. Military and Aerospace
9.4.2. Wireless Sensor Network
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoelectric Generator Market Size and Volume Forecast by Type
9.7.1. Waste Heat Recovery
9.7.2. Energy Harvesting
9.7.3. Direct Power Generation
9.7.4. Co-Generation
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 Generator Demand Share Forecast, 2019-2026
10. Latin America Thermoelectric Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
10.4.1. Military and Aerospace
10.4.2. Wireless Sensor Network
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoelectric Generator Market Size and Volume Forecast by Type
10.7.1. Waste Heat Recovery
10.7.2. Energy Harvesting
10.7.3. Direct Power Generation
10.7.4. Co-Generation
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 Generator Demand Share Forecast, 2019-2026
11. Europe Thermoelectric Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
11.4.1. Military and Aerospace
11.4.2. Wireless Sensor Network
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoelectric Generator Market Size and Volume Forecast by Type
11.7.1. Waste Heat Recovery
11.7.2. Energy Harvesting
11.7.3. Direct Power Generation
11.7.4. Co-Generation
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 Generator Demand Share, 2019-2026
12. Asia Pacific Thermoelectric Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
12.4.1. Military and Aerospace
12.4.2. Wireless Sensor Network
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoelectric Generator Market Size and Volume Forecast by Type
12.7.1. Waste Heat Recovery
12.7.2. Energy Harvesting
12.7.3. Direct Power Generation
12.7.4. Co-Generation
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 Generator Demand Share, 2019-2026
13. Middle East & Africa Thermoelectric Generator 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 Generator 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 Generator Market Size and Volume Forecast by Application
13.4.1. Military and Aerospace
13.4.2. Wireless Sensor Network
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoelectric Generator Market Size and Volume Forecast by Type
13.7.1. Waste Heat Recovery
13.7.2. Energy Harvesting
13.7.3. Direct Power Generation
13.7.4. Co-Generation
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 Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermoelectric Generator Market: Market Share Analysis
14.2. Thermoelectric Generator Distributors and Customers
14.3. Thermoelectric Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. II-VI Marlow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ADVANCE RIKO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alphabet Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ferrotec Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gentherm Global Power Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yamaha Corp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
