Global Thermoelectric Generator Market is estimated to cross US $720 million by 2021


Posted October 27, 2015 by danishsmith01

Thermoelectricgenerators are one of the devices using renewable energy i.e. heat to produceelectricity. It can also be used otherwise too.

 
Florida, Oct 27, 2015: Renewableenergy is playing a major role in the electricity generation in currentscenario, according to a report by Market Research Engine. Considering the life span and cost of non-rentable resources of energy,the demand of renewable resources is highly increasing.

Thermoelectricgenerators are one of the devices using renewable energy i.e. heat to produceelectricity.

It can also be used otherwise too. Thermoelectric generators (TEG)are solid state devices which convert temperature difference between twomaterials into electrical energy. Thermoelectric generators (TEG) are based onthe principal of Seebeck effect.

Certainapplications like automotive, aerospace, semiconductor networks are more likelyto use power sources which have less maintenance and are low in cost. Durabilityalso plays a crucial role in fitting the power source forplaces which are hostile and out of reach. TEGs perfectly fit in these placesproviding high reliability and greater efficiency. These low cost compactdevices are more in demand because of its solid stateadding advantage atimmobile locations, durability and reliabilityand increased greenhouse effect.

Theglobal market for thermoelectric generators is estimated to be US$ 320 millionand is projected to grow to US$ 720 million with an impressive growth rate of14.5% from 2015 to 2021. North America is expected to capture more than twothird of the market in current scenario and is projected to keep its supremacyover the forecast period. However, Asia Pacific and European countries areprojected to grow at relatively higher growth rate.

Thereport gives a 360 degree analysis of the market covering the growth drivers,growth inhibitors, value chain analysis, new product launches and the marketperspective of the global thermoelectric generator.

Browse the full report on”Global Thermoelectric Generator Market ResearchReport - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 –2021” http://marketresearchengine.com/reportdetails/thermoelectric-generators-market-research-report

Themajor use of thermoelectric generators is expected from automotive end users.This segment is expected to grab more than half of the market forthermoelectric generators. Aerospace and industrial heat closely accounts thesecond and third position. Use of TEGs in space applications will continue toattractmarket demand.

Thisindustry has limited manufacturers, mostly tier II or III. This market is ledby U.S. manufacturer Gentherm Inc. having commanding market share of more thanone fourth of the market value. Other companies involved are EVERREDtronics,Ferrotec, greenTEG, GMZ Energy, Laird Plc, Micropelt, Tellurex, ThermolifeEnergy Corporation, Yamaha Corp, Alphabet Energy, TECTEG MFR, Red Hawk Energy Systems, Komatsu Corp. and others.
Segmentations in Report:

• Thermoelectric Generators By Application
Automotive
Industrial
Sensors
Wearable
Others

• Thermoelectric Generators By Power:
1KW

• Thermoelectric Generators By Temperatures
1K degree C

• 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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Clients can also buy company profiles for Global Thermoelectric Generators market without buying full report.

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Last Updated October 27, 2015