Global Thermoelectric Devices Market

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Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)

  • Market Trends, Dynamics and Regulatory Framework
  • Regional and Cross-segment Sales Figures
  • Extensive Industry Structure Coverage

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Description

The Global Thermoelectric Devices Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. Thermoelectric effect is the conversion of temperature differences between two surface to its electric counterpart. Thus, it creates an electric potential difference and, vice-versa. On a molecular level, the temperature difference causes the entropy of the system to increase and hence, the flow of electrons.

Thermoelectric effect can be represented by three different effects:

• Seebeck Effect- Temperature difference between two uncommon semiconductors causes a potential diffence

• Peltier Effect- Here, heat is either absorbed or evolved by passing of an electric current across the junction.

• Thomson Effect- Temperature change of a gas or liquid when forced through a valve at high pressure and insulated.

Market Dynamics

Technological advancements, government policies to reduce waste energy and the insufficiency of energy transfer has allured huge investments in this segment. Moreover, working electrically, without moving parts makes it maintenance free and hence flexible and widely acceptable. However, its high cost and low efficiency has posed a major hurdle in its breakthrough.

Market Segmentation

Thermoelectric Devices are widely categorized by its type and its effect.

Type

• Bulk Thermoelectric modules
• Micro Thermoelectric modules
• Thin film thermoelectric modules

Micro Thermoelectric devices are widely accepted in the market due to its high allowance of thermocouples for a given size. Its dimensions are less than 1.00 mm2.

Effect:

• Seebeck Effect
• Peltier Effect
• Thomson Effect (Joule-Kelvin Effect)

Regional/Geographic Analysis

The thermoelectric devices market is analyzed on the basis of geography, which includes North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue in the global market in 2015 due to higher technological advancements. However, Asia-Pacific is touted to grow at the highest rate attributing to an increase in waste heat recovery demand in China and India.

Key players

Some of the major players in the market include Yamaha Corporation, Ferrotec Corporation, Gentherm Global Power Technologies, Evident Thermoelectrics, RMT Ltd., KELK Ltd., II-VI Marlow, Inc., Perpetua Power Source Technologies, Inc.,Romny Scientific, Inc.,Laird Technologies, Inc., RGS Development, B.V. Tellurex Corporation, and Micropelt GmbH, etc.

The report contains comprehensive analysis on:

• Thermoelectric Devices Market Segments

• Thermoelectric Devices Market Drivers, Restraints and Opportunities

• Thermoelectric Devices Market Size & Forecast 2016 to 2022

• Supply & Demand Value Chain

• Thermoelectric Devices Market Current Trends

• Competition &Major Companies

• Technology and R&D Status

• Porters Five Force Analysis

• Strategic and Critical Success Factor Analysis of Key Players

Regional analysis for Thermoelectric Devices Market includes

• North America

• US and Canada

• Latin America

• Mexico, Brazil, Argentina and Rest of Latin America

• Western Europe

• EU5 (Germany, France, Italy, Spain, U.K.)

• Nordic Countries (Denmark, Finland, Norway, and Sweden)

• Benelux (Belgium, The Netherlands, and Luxembourg)

• Rest of Western Europe

• Eastern Europe

• Russia

• Poland

• Rest of Eastern Europe

• Asia Pacific

• China

• India

• Japan

• Australia and New Zealand

• Rest of Asia Pacific

• Middle East and Africa

• GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

• South Africa

• North Africa

• Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights:

• Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

• Consumer and Pricing Analysis

• Market dynamics of the industry

• In-depth Market Segmentation

• Historical and Projected Market Sizing in terms of volume and value

• Recent market trends and Impact Factors

• R&D Status and Technology Overview

• Extensive Industry Structure Coverage

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