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Thermoelectric Market Analysis, Scope, Future Trends and Opportunities During 2018-2023

Press Release


A fresh report titled “Thermoelectric Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Thermoelectric Market. The competition analysis is also a major part of the report.

The Thermoelectric Market is expected to mask a CAGR of 14.3% during the projected period. Further, the market was calculated at USD 246.01 million in 2018 and is anticipated to reach at a notable valuation by the end of forecast period. The thermoelectric is a solid-state device that convert heat flux directly into electrical energy. Thermoelectric devices can be used in power plants in order to convert waste heat into additional electrical power.

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Growth Drivers & Restraints

Over the years, increasing concerns over emissions and environmental issues, particularly global warming is one of the major factors that are encouraging the demand for electrical power operated technologies. Moreover, the increase in demand from industrial sectors such as automotive industries has led to a rise in the demand for thermoelectric across the globe. The thermoelectric are solid state devices that help convert heat into electrical energy. Therefore, these thermoelectric devices help to minimize heat losses. Thermoelectric is generally used as waste heat recovery systems for solar thermoelectric power generators and the automobile industry. In the automotive industry, seventy percent of heat energy released from a car’s engine is lost, generally in the form of heat. Therefore, thermoelectric act as a unique solution for this energy loss problem. Rise need to improve vehicle’s fuel efficiency is one of the major factors that have contributed to the growth of the Thermoelectric market.

In terms of Region, the Asia-Pacific occupied the highest share of XX.X% in 2017 which is further expected to increase to XX.X% by 2023. China is the highest revenue generating country in Asia-Pacific, and it is also expected to show the fastest growth during the forecast period. As china is the worlds largest capacity of hydro, solar, wind power and demand for renewable sources is considerably high in china as compare to other countries. This factor is projected to drive the growth of the thermoelectric market in coming years. However, high cost of production & low efficiency of thermoelectric devices and unawareness regarding thermoelectric may hamper the growth of Thermoelectric market in the coming years.


The research offers a comprehensive analysis of Thermoelectric market with respect to following sub-markets:

By Material Type

– Bismuth Telluride

– Calcium Manganese Oxide

– Lead Telluride

– Others

By Application

– Automotive

– Aerospace

– Marine

– Defense

– Industrial

– Others

By Source

– Waste Heat Recovery

– Direct Power Generation

– Energy Harvesting

– Cogeneration

– Others

By Geography

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive landscape

The report profiles various major market players such as,

– Komatsu Limited

– Gentherm Incorporated

– Yamaha Corporation

– Tellurex Corporation


– Alphabet Energy

– Evident Thermoelectrics

– Others Prominent Players

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Table of Content

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary

2. Growth Drivers & Issues in Global Thermoelectric Market

3. Global Thermoelectric Market Trends

4. Opportunities in Global Thermoelectric Market

5. Recent Application Activities, 2017

6. Porter’s Five Forces Analysis

7. Market Value Chain and Supply Chain Analysis

8. Global Thermoelectric Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)

9. Global Thermoelectric Market Segmentation Analysis, By Material Type

9.1. Introduction

9.2. Market Attractiveness, By Material Type

9.3. BPS Analysis, By Material Type

9.4. Bismuth Telluride

9.5. Calcium Manganese Oxide

9.6. Lead Telluride

9.7. Others

10. Global Thermoelectric Market Segmentation Analysis, By Application

10.1. Introduction

10.2. Market Attractiveness, By Application

10.3. BPS Analysis, By Application

10.4. Automotive

10.5. Aerospace

10.6. Marine

10.7. Defense

10.8. Industrial

10.9. Others

11. Global Thermoelectric Market Segmentation Analysis, By Source

11.1. Introduction

11.2. Market Attractiveness, By Source

11.3. BPS Analysis, By Source

11.4. Waste Heat Recovery

11.5. Direct Power Generation

11.6. Energy Harvesting

11.7. Cogeneration

11.8. Others

12. Geographical Analysis

12.1. Introduction

12.2. North America Thermoelectric Market Size (USD Million) & Volume, 2017-2023

12.2.1. By Application

12.2.2. By Material Type

12.2.3. By Source

12.2.4. By Country Market Attractiveness, By Material Type BPS Analysis, By Material Type U.S. Market Size (USD Million) 2017-2023 Canada Market Size (USD Million 2017-2023

12.3. Europe Thermoelectric Market Size (USD Million) & Volume, 2017-2023

12.3.1. By Application

12.3.2. By Material Type

12.3.3. By Source

12.3.4. By Country Market Attractiveness, By Country BPS Analysis, By Country Germany Market Size (USD Million) 2017-2023 United Kingdom Market Size (USD Million) 2017-2023 France Market Size (USD Million) 2017-2023 Italy Market Size (USD Million) 2017-2023 Spain Market Size (USD Million) 2017-2023 Russia Market Size (USD Million) 2017-2023 Rest of Europe Market Size (USD Million) 2017-2023

12.4. Asia Pacific Thermoelectric Market Size (USD Million), 2017-2023

12.4.1. By Application

12.4.2. By Material Type

12.4.3. By Source

12.4.4. By Country Market Attractiveness, By Country BPS Analysis, By Country China Market Size (USD Million) 2017-2023 India Market Size (USD Million) 2017-2023 Japan Market Size (USD Million) 2017-2023 South Korea Market Size (USD Million) 2017-2023 Indonesia Market Size (USD Million) 2017-2023 Taiwan Market Size (USD Million) 2017-2023 Australia Market Size (USD Million) 2017-2023 New Zealand Market Size (USD Million, 2017-2023 Rest of Asia Pacific Market Size (USD Million) 2017-2023

12.5. Latin America Thermoelectric Market Size (USD Million) 2017-2023

12.5.1. By Application

12.5.2. By Material Type

12.5.3. By Source

12.5.4. By Country Market Attractiveness, By Country BPS Analysis, By Country Brazil Market Size (USD Million) 2017-2023 Mexico Market Size (USD Million) 2017-2023 Rest of Latin America Market Size (USD Million, 2017-2023

12.6. Middle East & Africa Thermoelectric Market Size (USD Million) 2017-2023

12.6.1. By Application

12.6.2. By Material Type

12.6.3. By Source

12.6.4. By Geography Market Attractiveness, By Geography BPS Analysis, By Geography GCC Market Size (USD Million) 2017-2023 North Africa Market Size (USD Million) 2017-2023 South Africa Market Size (USD Million) 2017-2023 Rest of Middle East & Africa Market Size (USD Million) 2017-2023


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