Thermoelectric Generator Market - Global Industry Analysis

Market Overview

The global Thermoelectric Generator market accounted for USD 554.9 Million in 2020 and is expected to reach USD 995.8 Million by 2028, growing at a CAGR of around 7.3% between 2021 and 2028.      

Rising government programs for the upgrading of healthcare infrastructure are powering the expansion of the thermoelectric generator market. Various product launches by the market player are additionally expected to spice up the thermoelectric generator market within the years to return. For example, in March 2018, Photonic launched its proprietary Non-Hermetic Compatible TEC (Thermoelectric Cooler) Platform developed to supply cooling performance and high reliability paired with lower consumption of power for laser packaging. Also, high job opportunities within the global thermoelectric generator market are additionally one among the main reason liable for the event of the market within the year to return.

COVID-19 Impact Analysis

At the start of 2020, the COVID-19 disease began to spread around the world, many people worldwide were infected with COVID-19 disease, and major countries around the world have implemented foot prohibitions and strike orders. COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period.

Growth Factors

Increasing demand to recover the waste heat generated by various industries, owing to rising environmental concerns, the necessity to enhance the efficiency of engines is growing. Thermoelectric generators play an important role in increasing efficiency by utilizing waste heat.

Report Scope:  

Segment Analysis Preview

The thermoelectric generator market is split supported various sources into energy harvesting, waste heat recovery, co-generation, and direct power generation. Waste heat recovery was the most important division in 2018 for the thermoelectric generator market and added up to the biggest share of the worldwide thermoelectric generator market. In 2018, aerospace & defense was one of the most important application divisions. Automotive division surfaced up together more major outlet for the thermoelectric generator market with quite 55% shares in 2018 for the whole market. The industrial division is probably going to point out considerable development within the coming few years due to the accessibility of low-cost devices.

Regional Analysis Preview

In terms of demand, the requirement for the thermoelectric generator market was uppermost in North America chased by the Asia Pacific. In terms of income, Asia Pacific was the quickest developing area for the thermoelectric generator market and added up to quite a 20% share of the whole market in 2018. Elevated industrialization in the Asia Pacific is additionally likely to reinforce the need for a thermoelectric generators market within the area. The thermoelectric generator market in Europe is probably going to develop at a moderate rate thanks to the augmented acceptance of thermoelectric gadgets for various applications.

Key Market Players & Competitive Landscape

Some of the key players in the 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., Ferrotec Corporation, RGS Development, B.V. Tellurex Corporation, Romny Scientific, Inc., Laird Technologies, Inc., Teledyne Energy Systems, Inc., and Micropelt GmbH.

The global Thermoelectric Generator Market is segmented as follows:

By Source

• Waste Heat Recovery
• Energy Harvesting
• Direct Power Generation
• Co-Generation

By Application

• Automotive
• Aerospace & Defence
• Industrial & Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Application
      • 2.1.1.2. Market Attractiveness Analysis, By Source
      • 2.1.1.3. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Thermoelectric Generator Market, 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Thermoelectric Generator Market – Application Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 4.2. Automotive
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Aerospace & Defense
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.4. Industrial & Others
    • 4.4.1. Market Size and Forecast, By Region (USD Million)
    • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Thermoelectric Generator Market – Source Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Source, 2020 & 2028
  • 5.2. Waste Heat Recovery
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Energy Harvesting
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Direct Power Generation
    • 5.4.1. Market Size and Forecast, By Region (USD Million)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Co-Generation
    • 5.5.1. Market Size and Forecast, By Region (USD Million)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Thermoelectric Generator Market – Regional Segment Analysis
  • 6.1. Overview
    • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 6.2. North America
    • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.2.2. North America Market Revenue, By Application, 2016 – 2028
    • 6.2.3. North America Market Revenue, By Source, 2016 – 2028
    • 6.2.5. U.S.
      • 6.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5.2. U.S. Market Revenue, By Source, 2016 – 2028
    • 6.2.6. Canada
      • 6.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6.2. Canada Market Revenue, By Source, 2016 – 2028
    • 6.2.7. Mexico
      • 6.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
      • 6.2.7.2. Mexico Market Revenue, By Source, 2016 – 2028
  • 6.3. Europe
    • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.3.2. Europe Market Revenue, By Application, 2016 – 2028
    • 6.3.3. Europe Market Revenue, By Source, 2016 – 2028
    • 6.3.5. Germany
      • 6.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5.2. Germany Market Revenue, By Source, 2016 – 2028
    • 6.3.6. France
      • 6.3.6.1. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6.2. France Market Revenue, By Source, 2016 – 2028
    • 6.3.7. U.K.
      • 6.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7.2. U.K. Market Revenue, By Source, 2016 – 2028
    • 6.3.8. Italy
      • 6.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8.2. Italy Market Revenue, By Source, 2016 – 2028
    • 6.3.9. Spain
      • 6.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9.2. Spain Market Revenue, By Source, 2016 – 2028
    • 6.3.10. Rest of Europe
      • 6.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.10.2. Rest of Europe Market Revenue, By Source, 2016 – 2028
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.4.3. Asia Pacific Market Revenue, By Source, 2016 – 2028
    • 6.4.5. China
      • 6.4.5.1. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5.2. China Market Revenue, By Source, 2016 – 2028
    • 6.4.6. Japan
      • 6.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6.2. Japan Market Revenue, By Source, 2016 – 2028
    • 6.4.7. India
      • 6.4.7.1. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7.2. India Market Revenue, By Source, 2016 – 2028
    • 6.4.8. South Korea
      • 6.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8.2. South Korea Market Revenue, By Source, 2016 – 2028
    • 6.4.9. South-East Asia
      • 6.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9.2. South-East Asia Market Revenue, By Source, 2016 – 2028
    • 6.4.10. Rest of Asia Pacific
      • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Source, 2016 – 2028
  • 6.5. Latin America
    • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.5.2. Latin America Market Revenue, By Application, 2016 – 2028
    • 6.5.3. Latin America Market Revenue, By Source, 2016 – 2028
    • 6.5.5. Brazil
      • 6.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5.2. Brazil Market Revenue, By Source, 2016 – 2028
    • 6.5.6. Argentina
      • 6.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6.2. Argentina Market Revenue, By Source, 2016 – 2028
    • 6.5.7. Rest of Latin America
      • 6.5.7.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.7.2. Rest of Latin America Market Revenue, By Source, 2016 – 2028
  • 6.6. The Middle-East and Africa
    • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 6.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.3. The Middle-East and Africa Market Revenue, By Source, 2016 – 2028
    • 6.6.5. GCC Countries
      • 6.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5.2. GCC Countries Market Revenue, By Source, 2016 – 2028
    • 6.6.6. South Africa
      • 6.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6.2. South Africa Market Revenue, By Source, 2016 – 2028
    • 6.6.7. Rest of Middle-East Africa
      • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Source, 2016 – 2028
• Chapter No. 7: Thermoelectric Generator Market – Industry Analysis
  • 7.1. Introduction
  • 7.2. Market Drivers
    • 7.2.1. Driving Factor 1 Analysis
    • 7.2.2. Driving Factor 2 Analysis
  • 7.3. Market Restraints
    • 7.3.1. Restraining Factor Analysis
  • 7.4. Market Opportunities
    • 7.4.1. Market Opportunity Analysis
  • 7.5. Porter’s Five Forces Analysis
  • 7.6. PEST Analysis
  • 7.7. Regulatory Landscape
  • 7.8. Technology Landscape
  • 7.9. Regional Market Trends
    • 7.9.1. North America
    • 7.9.2. Europe
    • 7.9.3. Asia Pacific
    • 7.9.4. Latin America
    • 7.9.5. The Middle-East and Africa
  • 7.10. Pricing Analysis
  • 7.11. Value Chain Analysis
  • 7.12. Downstream Buyers
  • 7.13. Distributors/Traders List
• Chapter No. 8: Competitive Landscape
  • 8.1. Company Market Share Analysis – 2019
    • 8.1.1. Global Thermoelectric Generator Market: Company Market Share, 2019
    • 8.1.2. Global Thermoelectric Generator Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 8.1.3. Global Thermoelectric Generator Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 8.1.4. Global Thermoelectric Generator Market: Radar Determinant Chart, 2019
  • 8.2. Strategic Developments
    • 8.2.1. Acquisitions & Mergers
    • 8.2.2. New Product Launch
    • 8.2.3. Regional Expansion
  • 8.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 9: Company Profiles
  • 9.1. Alphabet Energy
    • 9.1.1. Company Overview
    • 9.1.2. Key Executives
    • 9.1.3. Product Portfolio
    • 9.1.4. Financial Overview
    • 9.1.5. Operating Business Segments
    • 9.1.6. Business Performance
    • 9.1.7. Recent Developments
  • 9.2. Thermo Electric Company, Inc.
  • 9.3. Evident Thermoelectrics
  • 9.4. Gentherm
  • 9.5. II-VI Marlow, Inc.
  • 9.6. Perpetua Power Source Technulogies, Inc.
  • 9.7. Ferrotec Corporation
  • 9.8. B.V. Tellurex Corporation
  • 9.9. Romny Scientific, Inc.
  • 9.10. Laird Technulogies, Inc.
• Chapter No. 10: Marketing Strategy Analysis
  • 10.1. Marketing Channel
  • 10.2. Direct Marketing
  • 10.3. Indirect Marketing
  • 10.4. Marketing Channel Development Trends
  • 10.5. Economic/Pulitical Environmental Change
• Chapter No. 11: Research Methodology
  • 11.1. Research Methodology
  • 11.2. Phase I - Secondary Research
  • 11.3. Phase II - Data Modeling
    • 11.3.1. Company Share Analysis Model
    • 11.3.2. Revenue Based Modeling
  • 11.4. Phase III - Primary Research
  • 11.5. Research Limitations
    • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Source
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Thermoelectric Generator Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 7. Global Thermoelectric Generator Market for Automotive, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Thermoelectric Generator Market for Automotive, By Country, 2020 & 2028
FIG NO. 9. Global Thermoelectric Generator Market for Aerospace & Defence, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Thermoelectric Generator Market for Aerospace & Defence, By Country, 2020 & 2028
FIG NO. 11. Global Thermoelectric Generator Market for Industrial & Others, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Thermoelectric Generator Market for Industrial & Others, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Source, 2020 & 2028
FIG NO. 14. Global Thermoelectric Generator Market for Waste Heat Recovery, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Thermoelectric Generator Market for Waste Heat Recovery, By Country, 2020 & 2028 
FIG NO. 16. Global Thermoelectric Generator Market for Energy Harvesting, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Thermoelectric Generator Market for Energy Harvesting, By Country, 2020 & 2028
FIG NO. 18. Global Thermoelectric Generator Market for Direct Power Generation, Revenue (USD Million) 2016 – 2028 
FIG NO. 19. Comparative Revenue Analysis of Thermoelectric Generator Market for Direct Power Generation, By Country, 2020 & 2028
FIG NO. 20. Global Thermoelectric Generator Market for Co-Generation, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Thermoelectric Generator Market for Co-Generation, By Country, 2020 & 2028
FIG NO. 22. Global Thermoelectric Generator Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Thermoelectric Generator Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 24. Porter’s Five Forces Analysis for Global Thermoelectric Generator Market
FIG NO. 25. PEST Analysis for Global Thermoelectric Generator Market
FIG NO. 26. Pricing Analysis for Global Thermoelectric Generator Market
FIG NO. 27. Value Chain Analysis for Global Thermoelectric Generator Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Product, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology

Table Of Tables

List of Tables 

TABLE NO. 1. Global Thermoelectric Generator Market: Snapshot
TABLE NO. 2. Quarterly Thermoelectric Generator Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Thermoelectric Generator Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million) 
TABLE NO. 6. Global Thermoelectric Generator Market for Automotive, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Thermoelectric Generator Market for Aerospace & Defence, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Thermoelectric Generator Market for Industrial & Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Thermoelectric Generator Market for Paints & Coatings, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Thermoelectric Generator Market for Waste Heat Recovery, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11 Global Thermoelectric Generator Market for Energy Harvesting, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Thermoelectric Generator Market for Direct Power Generation, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Thermoelectric Generator Market for Co-Generation, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Thermoelectric Generator Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Thermoelectric Generator Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Thermoelectric Generator Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Thermoelectric Generator Market Revenue, By Source, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Thermoelectric Generator Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Thermoelectric Generator Market Revenue, By Source, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Thermoelectric Generator Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 21. Canada Thermoelectric Generator Market Revenue, By Source, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Thermoelectric Generator Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Mexico Thermoelectric Generator Market Revenue, By Source, 2016 – 2028 (USD Million)
TABLE NO. 24. Drivers for the Thermoelectric Generator Market: Impact Analysis
TABLE NO. 25. Restraints for the Thermoelectric Generator Market: Impact Analysis
TABLE NO. 26. Major Buyers of Thermoelectric Generator  
TABLE NO. 27. Distributors/Traders List of Thermoelectric Generator
TABLE NO. 28. Global Thermoelectric Generator Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 29: Global Thermoelectric Generator Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)