Thermoelectric Modules - Global Market Outlook (2020-2028)

July 2021 | 150 pages | ID: T2CE6782B4EFEN
Stratistics Market Research Consulting

Abstracts

According to Stratistics MRC, the Global Thermoelectric Modules Market is accounted for $489.54 million in 2020 and is expected to reach $1,057.04 million by 2028 growing at a CAGR of 10.1% during the forecast period. Benefits of TEMs over conventional systems and simultaneous heating & cooling properties of TEMs are the major factors propelling the market growth. However, inherent disadvantages, design complexities and high costs compared to traditional heating/cooling systems are hampering the market growth.

Thermoelectric module widely known as thermoelectric cooler is a device which is placed inside of gadget or embedded in machine to transfer the heat from one side to other. It is also called Peltier cooler, which is a semiconductor-based electronic device that functions as a mini heat pump and transmits heat from one side of the device to the other. The thermoelectric modules can instantly warm or cool an object by producing temperature differentials. The thermoelectric modules consist of semiconductor elements that are deeply doped with electric carriers.

Based on end user, the automotive segment is going to have a lucrative growth during the forecast period owing to the fast growth of electric vehicles in the market. Thermoelectric modules are suitable for heating batteries in electric cars to overcome the poor performance of batteries in cold weather conditions. Other uses of these modules in automotive applications include cooling laser diodes in head-up displays, cool cup holders and glove boxes in car cabins, cooling sensor devices such as LIDAR in autonomous vehicles, and cooling laser diodes in laser headlights. Hence, with the rise in vehicles equipped with convenience features and the high growth potential of electric and autonomous vehicles, the market for thermoelectric modules for automotive applications is expected to witness the fastest growth during the forecast period.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the large-scale manufacturing mainly in China and significant investments in new vehicle technologies including electric vehicles, LiDAR, and autonomous vehicles. The fast growth of luxury vehicles in China equipped with features such as heated/cooled seats, cooled glove boxes, and mini freezers is expected to drive the market for thermoelectric modules in the automotive segment. Japanese automotive manufacturers such as Toyota (Japan) and Honda (Japan) are fusing electrification technology for their vehicles, which is expected to facilitate the demand for thermoelectric modules in electric vehicles.

Some of the key players profiled in the Thermoelectric Modules Market include Align Sourcing, Crystal Ltd., Ferrotec Holdings Corp., Guangdong Fuxin Technology, HiTECH Technologies, Hi-Z Technology Inc., II-VI Inc, KELK Ltd., Kryotherm, Kyocera Corporation, Laird Thermal Systems, Phononic, TE Technology, TEC Microsystems, Thermonamic Electronics (Jiangxi) Corp. Ltd, Wellen Technology Co. Ltd., Xiamen Hicool Electronics Co. Ltd, and Z-Max.

Types Covered:

• Bulk Thermoelectric Modules
• Micro Thermoelectric Modules
• Thin-Film Thermoelectric Modules

Functionalities Covered:

• Deep Cooling
• General Purpose

Offerings Covered:

• Hardware
• Software & Services

Models Covered:

• Multi Stage
• Single Stage

Materials Covered:

• Bismuth Telluride (Bi2Te3)
• Lead Telluride (PbTe)
• Silicon Germanium (SiGe)

Applications Covered:

• Analytical Instrumentation
• Electronics and Safety Systems
• Refrigeration and Cryogenics
• Thermal Cycling
• Detectors
• Commercial
• Government

End Users Covered:

• Consumer Electronics
• Industrial
• Telecommunications
• Automotive
• Medical & Laboratories
• Aerospace & Defense
• Oil, Gas and Mining
• Food and Beverages
• Energy and Utility

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
• Comprehensive profiling of additional market players (up to 3)
• SWOT Analysis of key players (up to 3)
• Regional Segmentation
• Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
• Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Contents

1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL THERMOELECTRIC MODULES MARKET, BY TYPE

5.1 Introduction
5.2 Bulk Thermoelectric Modules
5.3 Micro Thermoelectric Modules
5.4 Thin-Film Thermoelectric Modules

6 GLOBAL THERMOELECTRIC MODULES MARKET, BY FUNCTIONALITY

6.1 Introduction
6.2 Deep Cooling
6.3 General Purpose

7 GLOBAL THERMOELECTRIC MODULES MARKET, BY OFFERING

7.1 Introduction
7.2 Hardware
7.3 Software & Services

8 GLOBAL THERMOELECTRIC MODULES MARKET, BY MODEL

8.1 Introduction
8.2 Multi Stage
8.3 Single Stage

9 GLOBAL THERMOELECTRIC MODULES MARKET, BY MATERIAL

9.1 Introduction
9.2 Bismuth Telluride (Bi2Te3)
9.3 Lead Telluride (PbTe)
9.4 Silicon Germanium (SiGe)

10 GLOBAL THERMOELECTRIC MODULES MARKET, BY APPLICATION

10.1 Introduction
10.2 Analytical Instrumentation
10.3 Electronics and Safety Systems
10.4 Refrigeration and Cryogenics
10.5 Thermal Cycling
10.6 Detectors
10.7 Commercial
10.8 Government

11 GLOBAL THERMOELECTRIC MODULES MARKET, BY END USER

11.1 Introduction
11.2 Consumer Electronics
11.3 Industrial
11.4 Telecommunications
11.5 Automotive
11.6 Medical & Laboratories
11.7 Aerospace & Defense
11.8 Oil, Gas and Mining
11.9 Food and Beverages
11.10 Energy and Utility

12 GLOBAL THERMOELECTRIC MODULES MARKET, BY GEOGRAPHY

12.1 Introduction
12.2 North America
  12.2.1 US
  12.2.2 Canada
  12.2.3 Mexico
12.3 Europe
  12.3.1 Germany
  12.3.2 UK
  12.3.3 Italy
  12.3.4 France
  12.3.5 Spain
  12.3.6 Rest of Europe
12.4 Asia Pacific
  12.4.1 Japan
  12.4.2 China
  12.4.3 India
  12.4.4 Australia
  12.4.5 New Zealand
  12.4.6 South Korea
  12.4.7 Rest of Asia Pacific
12.5 South America
  12.5.1 Argentina
  12.5.2 Brazil
  12.5.3 Chile
  12.5.4 Rest of South America
12.6 Middle East & Africa
  12.6.1 Saudi Arabia
  12.6.2 UAE
  12.6.3 Qatar
  12.6.4 South Africa
  12.6.5 Rest of Middle East & Africa

13 KEY DEVELOPMENTS

13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 COMPANY PROFILING

14.1 Align Sourcing
14.2 Crystal Ltd.
14.3 Ferrotec Holdings Corp.
14.4 Guangdong Fuxin Technology
14.5 HiTECH Technologies
14.6 Hi-Z Technology Inc.
14.7 II-VI Inc.
14.8 KELK Ltd.
14.9 Kryotherm
14.10 Kyocera Corporation
14.11 Laird Thermal Systems
14.12 Phononic
14.13 TE Technology
14.14 TEC Microsystems
14.15 Thermonamic Electronics (Jiangxi) Corp. Ltd.
14.16 Wellen Technology Co. Ltd.
14.17 Xiamen Hicool Electronics Co. Ltd
14.18 Z-Max

List Of Tables

LIST OF TABLES

Table 1 Global Thermoelectric Modules Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Thermoelectric Modules Market Outlook, By Type (2019-2028) ($MN)
Table 3 Global Thermoelectric Modules Market Outlook, By Bulk Thermoelectric Modules (2019-2028) ($MN)
Table 4 Global Thermoelectric Modules Market Outlook, By Micro Thermoelectric Modules (2019-2028) ($MN)
Table 5 Global Thermoelectric Modules Market Outlook, By Thin-Film Thermoelectric Modules (2019-2028) ($MN)
Table 6 Global Thermoelectric Modules Market Outlook, By Functionality (2019-2028) ($MN)
Table 7 Global Thermoelectric Modules Market Outlook, By Deep Cooling (2019-2028) ($MN)
Table 8 Global Thermoelectric Modules Market Outlook, By General Purpose (2019-2028) ($MN)
Table 9 Global Thermoelectric Modules Market Outlook, By Offering (2019-2028) ($MN)
Table 10 Global Thermoelectric Modules Market Outlook, By Hardware (2019-2028) ($MN)
Table 11 Global Thermoelectric Modules Market Outlook, By Software & Services (2019-2028) ($MN)
Table 12 Global Thermoelectric Modules Market Outlook, By Model (2019-2028) ($MN)
Table 13 Global Thermoelectric Modules Market Outlook, By Multi Stage (2019-2028) ($MN)
Table 14 Global Thermoelectric Modules Market Outlook, By Single Stage (2019-2028) ($MN)
Table 15 Global Thermoelectric Modules Market Outlook, By Material (2019-2028) ($MN)
Table 16 Global Thermoelectric Modules Market Outlook, By Bismuth Telluride (Bi2Te3) (2019-2028) ($MN)
Table 17 Global Thermoelectric Modules Market Outlook, By Lead Telluride (PbTe) (2019-2028) ($MN)
Table 18 Global Thermoelectric Modules Market Outlook, By Silicon Germanium (SiGe) (2019-2028) ($MN)
Table 19 Global Thermoelectric Modules Market Outlook, By Application (2019-2028) ($MN)
Table 20 Global Thermoelectric Modules Market Outlook, By Analytical Instrumentation (2019-2028) ($MN)
Table 21 Global Thermoelectric Modules Market Outlook, By Electronics and Safety Systems (2019-2028) ($MN)
Table 22 Global Thermoelectric Modules Market Outlook, By Refrigeration and Cryogenics (2019-2028) ($MN)
Table 23 Global Thermoelectric Modules Market Outlook, By Thermal Cycling (2019-2028) ($MN)
Table 24 Global Thermoelectric Modules Market Outlook, By Detectors (2019-2028) ($MN)
Table 25 Global Thermoelectric Modules Market Outlook, By Commercial (2019-2028) ($MN)
Table 26 Global Thermoelectric Modules Market Outlook, By Government (2019-2028) ($MN)
Table 27 Global Thermoelectric Modules Market Outlook, By End User (2019-2028) ($MN)
Table 28 Global Thermoelectric Modules Market Outlook, By Consumer Electronics (2019-2028) ($MN)
Table 29 Global Thermoelectric Modules Market Outlook, By Industrial (2019-2028) ($MN)
Table 30 Global Thermoelectric Modules Market Outlook, By Telecommunications (2019-2028) ($MN)
Table 31 Global Thermoelectric Modules Market Outlook, By Automotive (2019-2028) ($MN)
Table 32 Global Thermoelectric Modules Market Outlook, By Medical & Laboratories (2019-2028) ($MN)
Table 33 Global Thermoelectric Modules Market Outlook, By Aerospace & Defense (2019-2028) ($MN)
Table 34 Global Thermoelectric Modules Market Outlook, By Oil, Gas and Mining (2019-2028) ($MN)
Table 35 Global Thermoelectric Modules Market Outlook, By Food and Beverages (2019-2028) ($MN)
Table 36 Global Thermoelectric Modules Market Outlook, By Energy and Utility (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.