Global Thermoelectric Generators Market: Outlook , Market Size, Forecasts, Demand, Competitive Analysis, Growth Factors, Key Players and Forecast: 2022-2031

Thermoelectric generators (TEG) are solid state devices which convert temperature difference between two materials into electrical energy. Thermoelectric generators (TEG) are based on the principles of Seebeck effect. Some common thermoelectric materials are Bismuth Telluride (Bi2Te3), Lead Telluride (PbTe), Silicon Germanium (SiGe), and Bismuth-Antimony (Bi-Sb) among others. These generators are being preferred because they are silent, highly reliable, have low operational and maintenance cost, and can work in harsh and remote environments. Another important factor is its scalability, which makes its application feasible to any size of heat source.

The global thermoelectric generators market was valued at US$ 245.3 Million in 2014, and is projected to grow at a CAGR of 13.8% to reach USD 1025.0 Million by 2025.

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There are varieties of thermoelectric generators available in the market today, they vary based on their operating voltage, temperature, materials they are made up of and how they are controlled. Initially, thermoelectric generators were used to find application only as heating or cooling devices but recent research activities have developed them as energy harvesting devices. Thermoelectric generators find application in automotives, manufacturing machineries and equipments, sensors, wearable, conditional monitors, smart meters and other products. Lately thermoelectric generators are being used for waste heat recovery.

Extensive research is being carried out to harness the unused waste heat from various sources like machines, power stations, and automotives among others to reduce the fuel consumption and enhance efficiency of these machines. Thermoelectric generators (TEG) are gaining popularity as an upcoming “green technology” because it converts waste heat (zero cost) into electrical energy, thus adding to its market growth. The only major constraint in achieving this is its high cost and lower efficiency. Research is being carried out to make this TE technology commercially viable.

North America leads the global thermoelectric generators market followed by Asia-Pacific and the Rest of the World (RoW). The key players in the global thermoelectric generators market include Gentherm, Alphabet Energy, Yamaha Corp, TECTEG MFR, Komatsu Corp, and Laird Tech among others.

We are involved in providing research reports and company profiles of the global thermoelectric generators market in terms of revenue and output/volume. Market drivers, opportunities and restraints, which influence the market, are thoroughly studied. This study is further utilized for the overall analysis of the market. The thermoelectric generators market is segmented based on the global applications, geographic presence, by-products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our thermoelectric generators profiles.

SEGMENTATION IN THE REPORT:

Thermoelectric Generators By Application

Automotives
Industrial
Sensors
Wearables
Others

Thermoelectric Generators By Power:

<30 W
30-100 W
100-1KW
>1KW

Thermoelectric Generators By Temperatures

<100 Degree C
100 -500 Degree C
500-1K degree C
>1K degree C

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Thermoelectric Generators By Material

Si-Ge
Bi-Te
Pb-Te
Others

Thermoelectric Generators By Controller

Single Directional
Bi Directional
Multi Directional

CUSTOMIZATION OF REPORT:

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GLOSSARY:

Thermoelectric Generators: Thermoelectric Generators is also called Seebeck generators are devices that convert heat (temperature differences) directly into electrical energy, using a phenomenon called the Seebeck effect (a form of thermoelectric effect).

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