The thermoelectric modules market is expected to grow from USD 471.0 Million in 2016 to USD 890.6 Million by 2023, at a CAGR of 9.12% during the forecast period. This report provides the market size and future growth potential of the thermoelectric modules market across different segments such as technology, type, functionality, end-use application, offering, and geography.

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The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges in the thermoelectric modules market. Moreover, this report profiles the key players operating in the thermoelectric modules market.

Precise temperature control and superior benefits of thermoelectric modules, improved fuel efficiency in vehicles using thermoelectric modules, and increasing awareness of green energy is expected to propel the growth of the thermoelectric modules market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2023.

The thermoelectric modules market ecosystem includes component providers such as Romny Scientific, Inc. (US), ADV-Engineering (Russia), and GIRMET (Russia). Some of the manufactures and assembly providers are Ferrotec (Japan), Laird (UK), II-VI Marlow (US), TE Technology (US), TEC Microsystems (Germany), Crystal Ltd. (Russia), RMT Ltd. (Russia), KELK Ltd. (Japan), Kryotherm (Russia), Thermion Company (Ukraine), Thermonamic Electronics (Jiangxi, China), EVERREDtronics (China), Micropelt (Germany), Hi-Z Technology (US), Hui Mao (China), Hicooltec Electronic (China), Z-Max (Japan), Merit Technology Group (China), LG Innotek (South Korea), Align Sourcing (US), AMS Technologies (Germany), European Thermodynamics (UK), CUI Inc. (US), Wellen Technology (China), and Advanced Thermoelectric (US). Some of the distributors in the thermoelectric modules ecosystem include Sewin Technology Co., Ltd (China), Align Sourcing (US), Jinan Retek Industries Inc. (China), Sunyon Industry Co., Ltd. (China), and TE Distributing, Inc. (US).

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