Thermoelectric generators market and Technology Trends

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MarketsandMarkets Presents
Thermoelectric Generators Market by End User
(Automotive, Aerospace Defense, Industrial
End-User, Self-powered Sensors, Others), by
Temperature (lt80 C, 80-500 C, gt500 C), by
Wattage (lt10 W, 10-1 kW, gt1 kW), by Source, by
Material - Global Forecast Analysis to
2020 The market is projected to reach USD 547.7
Million by the end of 2020, at CAGR of 13.8 from
2015 onwards.
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 The global thermoelectric generators market is
classified into five major segments, namely,
end-user, source, temperature, wattage, and
material. The end-user segment is further
categorized into various sectors that use
thermoelectric generators, such as automotive,
aerospace defense, industrial, and self-powered
sensors. The sources segmentation comprises waste
heat recovery, energy harvesting, direct power
generation, and co-generation. Temperature
segment is further divided into lt80C, 80-500C,
and gt500C. Wattage is further classified as lt10
W, 10-1 kW, and gt1 kW. Materials included in the
study are Bi-Te, Pb-Te, and others. The market is
also segmented on the basis of geography. Sample
pages of the Report http//www.marketsandmarkets
.com/requestsample.asp?id91553904 As of 2015,
the thermoelectric generator market is dominated
by Gentherm Inc. holding the largest share of
33.5 of the global thermoelectric generators
market. It has maintained a leading position by
adopting strategies of innovation and product
development through huge investments in RD
activities. The company also has a wide product
portfolio for automobile, industrial, and
aerospace applications. Other key players include
II-VI Incorporated and Ferrotec Corporation
holding 19.7 and 16.1 market share
respectively.
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Asia-Pacific on the other hand accounts for the
second-largest share of 17.2 of the global
thermoelectric generators market in 2014. Out of
the total Asia- Pacific thermoelectric generator
market, the automotive segment account for 43.6
in 2014. High industrial cluster in this region
is expected to drive the demand for
thermoelectric generators market. Komatsu (Japan)
and Yamaha Corporation (Japan) are the dominant
players in this market. Demand for waste heat
recovery, industrial automation, and healthcare
monitoring devices is expected to drive this
market. Developing countries such as India are
looking for the sustainable and safe power
sources. Report Information http//www.marketsa
ndmarkets.com/Market-Reports/thermoelectric-genera
tors-market-91553904.html The key players in
the thermoelectric generators market include
Gentherm Inc. (U.S.), II-VI Incorporated (U.S.),
Ferrotec Corporation (Japan), Laird Plc. (U.K.),
and Komatsu Limited (Japan). Companies are also
investing in new technologies, which will
increase the efficiency and increase the
application areas of thermoelectric generators.
Strategic contracts, joint ventures,
partnerships, and expansions are some of the
growth strategies adopted by key players in the
thermoelectric generators market.
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