Thermoelectric Generator Market by Source (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, And Co-Generation) Trends and Forecast, 2015 – 2021

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According to the report, global thermoelectric generator market was valued at around USD 279.3 million in 2015 and is expected to generate revenue of USD 610.0 million by end of 2021, growing at a CAGR of slightly above 13.8% between 2016 and 2021. Thermoelectric generators are solid-state devices that convert heat into electricity. Thermoelectric generators have been used constantly for over 30 years for maintenance free operation in space probes such as the voyager missions of NASA. Thermoelectric systems can be easily designed to operate with small heat sources and small temperature differences. Such small generators can be produced mass quantity for use in home co-generation of heat and electricity or automotive waste heat recovery. Thermoelectric devices have even been miniaturized to harvest body heat for powering a wristwatch. Nowadays, thermoelectric generators have also been used in a range of applications and for energy generation by thermoelectric harvesting such as industrial, terrestrial applications, automotive, and aerospace & defense.

 

According to the report, global thermoelectric generator market was valued at around USD 279.3 million in 2015 and is expected to generate revenue of USD 610.0 million by end of 2021, growing at a CAGR of slightly above 13.8% between 2016 and 2021.

The thermoelectric generator is also called as seebeck generator. It is a solid state device that converts heat into electrical energy through a phenomenon called the seebeck effect or thermoelectric effect. It is largely used as portable power source to charge and operate various pads, phones, 12v batteries, small refrigerators while traveling long distances and in remote camping sites. Thermoelectric generators are primarily used as remote and off-grid power generators for unmanned sites.

Rising demand for solid state and immobile devices is expected to be the major drivers for the global thermoelectric generator market. Moreover, the requirement for durable and maintenance free power sources are also anticipated to drive the thermoelectric generator market over the forecast period. However, the high cost of thermoelectric material and low efficiency may pose the challenge to the market growth. Demand for thermoelectric in healthcare and rising demand for low-power generators in the sensor network may open potential growth opportunities for the thermoelectric generator market within the forecast period.

Global-Thermoelectric-Generator-Market

Based on sources, thermoelectric generator market has been segmented into waste heat recovery, energy harvesting, direct power generation, and co-generation. Thermoelectric generator market was dominated by waste heat recovery and is expected to continue its dominance in the global market over the estimated period. Energy harvesting, direct power generation, and co-generation are also expected to grow  at a significant rate during the years to come.

Automotive, aerospace & defense, industrial and others are key applications of the global thermoelectric generator market. Aerospace & defense emerged as one of the largest application segments in 2015. Automotive sector emerged as another key outlet for thermoelectric generator market in 2015 and accounted for the largest share of around 57.8% of the overall market. Industrial application segment is expected to exhibit moderate growth in the next few years due to the availability of low-cost devices.

Thermoelectric generator market is growing across the world. North America was the largest regional market due to increased demand from automotive end-users in this region. Asia pacific is anticipated to experience promising growth in the thermoelectric generator market in the coming years. Asia-Pacific is expected to grow at the highest CAGR rate due to the increased demand of thermoelectric generators by the automotive manufacturers to boost the fuel efficiency and improved industrialization in the region.

Some of the key players in the global thermoelectric generator market include Alphabet Energy, Thermo Electric Company, Inc., Evident Thermoelectrics,  Gentherm, green TEG AG, II-VI Marlow, Inc., Perpetua Power Source Technologies, Inc.,Romny Scientific, Inc., Laird Technologies, Inc., Ferrotec Corporation, RGS Development, B.V. Tellurex Corporation,  Teledyne Energy Systems, Inc., and Micropelt GmbH.

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global thermoelectric generator market, 2015–2021 (USD Billion)
    • 2.2. Global thermoelectric generator market : Snapshot
  • Chapter 3. Thermoelectric Generator – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global thermoelectric generator market drivers: Impact analysis
      • 3.2.2. Rising demand for solid state and immobile devices
      • 3.2.3. Demand in industrial sectors
    • 3.3. Market restraints
      • 3.3.1. Global thermoelectric generator market restraints: Impact analysis
      • 3.3.2. High cost of thermoelectric material
      • 3.3.3. Lack of awareness
    • 3.4. Opportunities
      • 3.4.1. Rising demand for low power generators in sensor network
      • 3.4.2. Demand for thermoelectric in healthcare
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by source segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Thermoelectric Generator Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global thermoelectric generator market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Thermoelectric Generator Market – Source Segment Analysis
    • 5.1. Global thermoelectric generator market: source overview
      • 5.1.1. Global thermoelectric generator market revenue share, by Source, 2015 and 2020
    • 5.2. Waste Heat Recovery
      • 5.2.1. Global thermoelectric generator market for waste heat recovery, 2015 – 2021 (USD Million)
    • 5.3. Energy Harvesting
      • 5.3.1. Global thermoelectric generator market for energy harvesting,2015 – 2021(USD Million)
    • 5.4. Direct Power Generation
      • 5.4.1. Global thermoelectric generator market for direct power generation, 2015 – 2021 (USD Million)
    • 5.5. Co-generation
      • 5.5.1. Global thermoelectric generator market for co-generation, 2015 – 2021 (USD Million)
  • Chapter 6. Global Thermoelectric Generator Market – Application Segment Analysis
    • 6.1. Global thermoelectric generator market: application overview
      • 6.1.1. Global thermoelectric generator market revenue share, by application, 2015 and 2020
    • 6.2. Automotive
      • 6.2.1. Global thermoelectric generator market for automotive, 2015 – 2021 (USD Million)
    • 6.3. Aerospace & Defense
      • 6.3.1. Global thermoelectric generator market for aerospace & defense,2015 – 2021 (USD Million)
    • 6.4. Industrial
      • 6.4.1. Global thermoelectric generator market for industrial, 2015 – 2021 (USD Million)
    • 6.5. Other
      • 6.5.1. Global thermoelectric generator market for other application, 2015 – 2021 (USD Million)
  • Chapter 7. Global Thermoelectric Generator Market – Regional Segment Analysis
    • 7.1. Global thermoelectric generator market: Regional overview
      • 7.1.1. Global thermoelectric generator market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
      • 7.2.2. North America thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.2.3.2. U.S. thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
    • 7.3. Europe
      • 7.3.1. Europe thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
      • 7.3.2. Europe thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.3.3.2. Germany thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.4. France
        • 7.3.4.1. France thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.3.4.2. France thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.3.5.2. UK thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific thermoelectric generator market revenue, by source, 2015 – 2021, (USD Million)
      • 7.4.2. Asia Pacific thermoelectric generator market revenue, by application, 2015 – 2021, (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.4.3.2. China thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.4.4.2. Japan thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.5. India
        • 7.4.5.1. India thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.4.5.2. India thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
      • 7.5.2. Latin America thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
        • 7.5.3.2. Brazil thermoelectric generator market revenue, by application, 2015 – 2021 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa thermoelectric generator market revenue, by source, 2015 – 2021 (USD Million)
      • 7.6.2. Middle East and Africa thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
  • Chapter 8. Company Profile
    • 8.1. Alphabet Energy
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
        8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Thermo Electric Company, Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Evident Thermoelectrics
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Gentherm
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. green TEG AG
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. II-VI Marlow, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Perpetua Power Source Technologies, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Romny Scientific, Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Laird Technologies, Inc.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Ferrotec Corporation
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. RGS Development
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. B.V. Tellurex Corporation
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. Teledyne Energy Systems, Inc.
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments
    • 8.14. Micropelt GmbH.
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product portfolio
      • 8.14.4. Business strategy
      • 8.14.5. Recent developments

List of Figures

1. Market research process
2. Market research methodology
3. Global thermoelectric generator market revenue, 2015 – 2021(USD Million)
4. Porter’s five forces analysis
5. Thermoelectric generator: market attractiveness analysis, by source segment
6. Thermoelectric generator: Market attractiveness analysis, by application segment
7. Thermoelectric generator: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2015 and 2021
9. Patent trend between 2011 -2016
10. Patent share by company between 2011 – 2016
11. Patent share by region between 2011 – 2016
12. Global thermoelectric generator market revenue share by source, 2015 and 2021
13. Global waste heat recovery market, 2015 – 2021 (USD Million)
14. Global energy harvesting market, 2015 – 2021 (USD Million)
15. Global direct power generation market, 2015 – 2021 (USD Million)
16. Global co-generation market, 2015 – 2021 (USD Million)
17. Global thermoelectric generator market revenue share by application, 2015 and 2021
18. Global thermoelectric generator market for automotive, 2015 – 2021, (USD Million)
19. Global thermoelectric generator market for aerospace & defense, 2015 – 2021, (USD Million)
20. Global thermoelectric generator market for industrial, 2015 – 2021, (USD Million)
21. Global thermoelectric generator market for other application, 2015 – 2021, (USD Million)


List of Tables

1. Thermoelectric generator market: Market snapshot
2. Drivers of global thermoelectric generator market: Impact analysis
3. Restraints of global thermoelectric generator market: Impact analysis
4. North America thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
5. North America thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
6. U.S. thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
7. U.S. thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
8. Europe thermoelectric generator market revenue, by source , 2015 – 2021(USD Million)
9. Europe thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
10. Germany thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
11. Germany thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
12. France thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
13. France thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
14. UK thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
15. UK thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
16. Asia Pacific thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
17. Asia Pacific thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
18. China thermoelectric generator market revenue, by source2015 – 2021(USD Million)
19. China thermoelectric generator market revenue, by application 2015 – 2021(USD Million)
20. Japan thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
21. Japan thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
22. India thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
23. India thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
24. Latin America thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
25. Latin America thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
26. Brazil thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
27. Brazil thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)
28. Middle East and Africa thermoelectric generator market revenue, by source, 2015 – 2021(USD Million)
29. Middle East and Africa thermoelectric generator market revenue, by application, 2015 – 2021(USD Million)

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