Thermoelectric Generators Market value $741 million by 2025

1
According to the latest market research the
report "Thermoelectric Generators Market by
Application (Waste Heat Recovery, Energy
Harvesting, Direct Power Generation,
Co-generation), Wattage (lt10 W,
10-1kW, gt1kW), Temperature (lt80C, 80- 500C,
gt500C, Material, Vertical, Component, Region -
Global Forecast to 2025", is projected to
grow from USD 460 million in 2019 to USD 741
million by 2025, at a CAGR of 8.3 during the
forecast period. Factors such as rapid
commercialization of thermoelectric generators
in the automotive industry and increasing
demand for miniaturized TEGs. Along with the
rising adoption of decarbonization technologies
for greenhouse gas emissions is expected to be
the primary factor driving the thermoelectric
generators market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id91553904 The bismuth telluride material
segment is projected to grow at the higher CAGR
during the forecast period By material, the
thermoelectric generators market has been
segmented into bismuth telluride, lead telluride
and others. Among these, the bismuth telluride
segment is projected to grow at the highest CAGR
during the forecast period. Due to the
comparatively high efficiency of bismuth
telluride materials, the demand for this segment
is rising. The Low Temperature (lt80C)
temperature segment is projected to grow at the
highest CAGR during the forecast period By
temperature, the thermoelectric generators market
has been segmented into Low Temperature (lt80C),
Medium temperature (80- 500C) and High
temperature (gt 500C). The Low Temperature
(lt80C) segment is projected to grow at the
highest CAGR during the forecast period. The
low-temperature segment includes ultra-low-
power mobile consumer electronics, and wearable,
among others. These all are low temperature
producing applications, and their output heat is
used by the thermoelectric system to generate
electricity. Due to the usage of various
applications, such as sensors powering watches,
or other consumer electronics, This will help in
driving this particular segment of thermoelectric
generators market. North America is projected to
lead the market for thermoelectric generators
during the forecast period
2
North America is estimated to account for the
largest share of the thermoelectric generators
market in 2019. The US dominated the North
America region in thermoelectric generators
market in 2019 and is expected to maintain its
dominance over the next five years as well. This
will be due to increased futuristic usage of TEG
technology for powering various equipment and
devices in various industries. The prominent
industries which will use TEGs for power
generation will be space, automotive, and
commercial electronics. Other prominent reasons
for TEG market growth are larger disposable
income, huge industrialization, and an increase
in demand for cleaner energy in North
America. Key Market Players Some of the major
players in the thermoelectric generators market
include Gentherm, Inc. (US), II-VI Marlow, Inc.
(US), Ferrotec Corporation (Japan), Laird plc
(UK), Komatsu Ltd. (Japan). These players have
adopted acquisitions, new product launches,
contracts, partnerships, acquisitions, and
agreements as their primary growth strategies
from 2014 to 2019, to expand their presence in
the global thermoelectric generators market
further. Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id91553904
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