Market Overview:
The global thermoelectric material market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermoelectric materials in automotive, electronics, and biomedical applications. In addition, the growing demand for energy-efficient cooling solutions is also contributing to the growth of this market. The bi-Te segment is expected to account for the largest share of the global thermoelectric material market in 2018. This segment is projected to grow at a CAGR of 10% during the forecast period from 2018 to 2030.
Product Definition:
A thermoelectric material is a type of material that can convert thermal energy into electrical energy, and vice versa. This type of material is used in thermoelectric generators and thermocouples.
Bi-Te:
Bi-Te is a new term in the thermoelectric materials market. It means two-temperature. The material has been known to have high thermal conductivity when it is cooled below its transition temperature and also exhibits ferroelectricity when heated above its transition temperature.
The combination of these properties makes bi-te an attractive option for applications that require both low thermal conductivity and low heat capacity such as power devices, sensors, data recorders, etc.
Pb-Te:
The global Pb-Te market size was valued at USD 2.8 billion in 2016 and is expected to witness a growth of 6.6% over the forecast period. Increasing demand for electronic devices coupled with growing usage of thermoelectric materials in these devices is anticipated to drive the market growth over the forecast period.
Thermoelectric materials are used as heat exchangers, sensors, generators, converters,.
Application Insights:
The automotive application segment led the global thermoelectric material market in 2017 and is projected to witness significant growth over the forecast period. The growing adoption of thermoelectric materials in automobiles to reduce engine temperature and conserve fuel due to improved efficiency is expected to drive the demand for these products over the forecast period.
The other industry application segment includes energy, food & beverage, healthcare, chemical processing, pulp & paper and textiles among others. Growing environmental concerns coupled with government initiatives regarding energy consumption are expected to promote usage of these products in various applications across Europe and North America regions. This trend is likely to positively impact market growth over the next eight years.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing demand for electronic products and automobiles. The U.S., being a leading automobile producer, is expected to have a positive impact on the regional market over the forecast period. Europe accounted for over 25% of the overall revenue share in 2017 owing to high product adoption in various end-use industries such as biomedical, automotive, and electronics among others.
Asia Pacific is projected to witness significant growth during the forecast period due to rapid industrialization along with rising investments by major multinational companies such as Samsung Electronics Co., Ltd.; Sony Corporation; LG Electronics Inc.; Panasonic Corporation; Hitachi, Ltd.
Growth Factors:
- Increasing demand for thermoelectric materials in the automotive and aerospace industries due to the need for energy-efficient vehicles and aircrafts.
- Growing popularity of thermoelectric generators as a source of renewable energy, which is expected to drive the market growth in the coming years.
- Rising demand from emerging economies such as China and India due to rapid industrialization and urbanization in these countries.
- Increasing research & development activities by leading players to develop new and improved thermoelectric materials that can be used in a variety of applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Material Market Research Report
By Type
Bi-Te, Pb-Te, Other Materials
By Application
Automotive, Electronics, Biomedical, Other Industry
By Companies
Ferrotec, Laird, KELK, Thermonamic Electronics, Marlow, RMT, EVERREDtronics, Crystal, Hi-Z, Tellurex
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Material Market Report Segments:
The global Thermoelectric Material market is segmented on the basis of:
Types
Bi-Te, Pb-Te, Other Materials
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, Other Industry
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
- Thermonamic Electronics
- Marlow
- RMT
- EVERREDtronics
- Crystal
- Hi-Z
- Tellurex
Highlights of The Thermoelectric Material 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:
- Bi-Te
- Pb-Te
- Other Materials
- By Application:
- Automotive
- Electronics
- Biomedical
- Other Industry
- 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 Material 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?
Thermoelectric materials are materials that can generate electricity when they are heated or cooled. This is done by using the principles of thermodynamics, which relate heat and energy.
Some of the major companies in the thermoelectric material market are Ferrotec, Laird, KELK, Thermonamic Electronics, Marlow, RMT, EVERREDtronics, Crystal, Hi-Z, Tellurex.
The thermoelectric material market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoelectric Material 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 Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoelectric Material Market - Supply Chain
4.5. Global Thermoelectric Material Market Forecast
4.5.1. Thermoelectric Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoelectric Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoelectric Material Market Absolute $ Opportunity
5. Global Thermoelectric Material 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 Material Market Size and Volume Forecast by Type
5.3.1. Bi-Te
5.3.2. Pb-Te
5.3.3. Other Materials
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoelectric Material 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 Material Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.3.3. Biomedical
6.3.4. Other Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoelectric Material 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 Material 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 Material 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 Material 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 Material Demand Share Forecast, 2019-2029
9. North America Thermoelectric Material 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 Material 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 Material Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.4.3. Biomedical
9.4.4. Other Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoelectric Material Market Size and Volume Forecast by Type
9.7.1. Bi-Te
9.7.2. Pb-Te
9.7.3. Other Materials
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 Material Demand Share Forecast, 2019-2029
10. Latin America Thermoelectric Material 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 Material 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 Material Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.4.3. Biomedical
10.4.4. Other Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoelectric Material Market Size and Volume Forecast by Type
10.7.1. Bi-Te
10.7.2. Pb-Te
10.7.3. Other Materials
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 Material Demand Share Forecast, 2019-2029
11. Europe Thermoelectric Material 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 Material 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 Material Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.4.3. Biomedical
11.4.4. Other Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoelectric Material Market Size and Volume Forecast by Type
11.7.1. Bi-Te
11.7.2. Pb-Te
11.7.3. Other Materials
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 Material Demand Share, 2019-2029
12. Asia Pacific Thermoelectric Material 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 Material 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 Material Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.4.3. Biomedical
12.4.4. Other Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoelectric Material Market Size and Volume Forecast by Type
12.7.1. Bi-Te
12.7.2. Pb-Te
12.7.3. Other Materials
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 Material Demand Share, 2019-2029
13. Middle East & Africa Thermoelectric Material 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 Material 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 Material Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.4.3. Biomedical
13.4.4. Other Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoelectric Material Market Size and Volume Forecast by Type
13.7.1. Bi-Te
13.7.2. Pb-Te
13.7.3. Other Materials
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 Material Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Thermoelectric Material Market: Market Share Analysis
14.2. Thermoelectric Material Distributors and Customers
14.3. Thermoelectric Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ferrotec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Laird
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KELK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thermonamic Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Marlow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RMT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EVERREDtronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crystal
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hi-Z
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tellurex
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
