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Thermoelectric Modules Market by Technology, Type, Functionality, Offering, End-Use Application, and Region - Global Forecast to 2023 - Research and Markets
[December 08, 2017]

Thermoelectric Modules Market by Technology, Type, Functionality, Offering, End-Use Application, and Region - Global Forecast to 2023 - Research and Markets


The "Thermoelectric Modules Market - Global Forecast to 2023" report has been added to Research and Markets' offering.

The global thermoelectric modules market is expected to grow from USD 527.5 million in 2017 and is expected to reach USD 890.6 million by 2023, at a CAGR of 9.12% between 2017 and 2023. Advanced features of thermoelectric modules such as precise temperature control, simultaneous heating and cooling, and compact size is driving their adoption in the telecommunications, consumer electronics, and industrial applications. Moreover, there is an increasing use of these modules in the automotive application due to various factors such as decrease in power loss of engine, decrease in fuel loss, less maintenance, and compact size.

The largest share of bulk modules is attributed to the fact that these modules produce the highest output power and voltage compared with micro and thin film thermoelectric modules. Moreover, these modules are the most commonly used types of thermoelectric modules for telecommunications, medical, aerospace, and industrial applications.

Asia Pacific (APAC) hols the largest share of the thermoelectric modules market due to low manufacturing costs owing to low overhead costs and labor and growing demand for thermoelectric modules across diverse applications. Moreover, the increased demand for waste heat recovery, industrial automation, and healthcare monitoring devices are expected to drive the growth of this market. With the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved. On the other hand, the market in the Americas is expected to grow at the highest CAGR between 2017 and 2023. This growth is attributed to the presence of top manufacturers in this region and use of thermoelectric modules in many applications such as automotive, telecommunications, and medical and laboratories. Moreover, bio-monitoring and healthcare-related devices require thermoelectric modules for various applications such as thermal cycling and temperature control. These factors are expected to increase the demand for thermoelectric modules in the Americas.



Companies Mentioned

  • AMS (News - Alert) Technologies
  • Advanced Thermoelectric
  • Align Sourcing
  • Alphabet Energy
  • CUI Inc.
  • Crystal Ltd.
  • Everredtronics
  • Ferrotec
  • HUI MAO
  • Hi-Z Technology
  • Hicooltec Electronic
  • II-VI Marlow
  • Others

Key Topics Covered:


1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Thermoelectric Modules Market, By Technology

7 Thermoelectric Modules Market, By Type

8 Thermoelectric Modules Market, By Functionality

9 Thermoelectric Modules Market, By End-Use Application

10 Thermoelectric Modules Market, By Offering

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/z7n3d8/thermoelectric?w=4


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