Thermoelectric Generator Market – 2019 Trends, Size, Share, Growth Insight, Competitive Analysis, Statistics, Regional, And Global Forecast To 2023
Thermoelectric Generator Market to grow at 14% CAGR and reach notable market value during 2019 and 2023 due to government’s stringent emissions over carbon has encouraged the market for thermoelectric Generator Market To Grow Tremendously.
Pune, India – March 19, 2019 /MarketersMedia/ —
Thermoelectric Generator Market report by Source (Waste Heat Recovery, Energy harvesting, Direct Power Generation, and Co-generation), by Material (Bi-Te, Pb-Te, and Others), by Power (1kW), by Temperature (500°C), by End User (Automotive, Aerospace & Defence, Industrial, Sensors, and Others), by Region – Forecast to 2022. Lack of efficient energy transfer technologies and the need for low maintenance are anticipated to drive the global thermoelectric generator market.
The major player operating in the market are:
Gentherm, Inc., II-VI Incorporated, Ferrotec Corporation, Laird PLC, Komatsu Limited, Yamaha Corporation, Evident Thermoelectrics, Tecteg, Alphabet Energy, and Tellurex Corporation.
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Market Analysis:
Currently, the thermoelectric generators are highly preferred in small applications due to its cost-effectiveness, humbleness, compact design, and scalable nature. The phenomenon of thermoelectric on which these generators work is extensively used for heating as well as cooling applications. Also, the thermoelectric generators have been used in various new applications of energy generation by thermoelectric harvesting.
Apart from this, the burgeoning demand for waste heat recovery systems coupled with the rise in global warming is expected to fuel the thermoelectric generator market. Moreover, stringent government regulations across the world are further projected to drive the demand for the thermoelectric generator market in the years to come.
However, the cost associated with installing this system is expected to hinder the growth of the market during the forecast period. Additionally, the inefficiency to generate high output power is also predicted to restrict the growth of the market.
Thermoelectric Generator System Market Segmentation:
The scope of global thermoelectric generator market is segmented into four major segments which are explained below:
By source, the market has been segmented into Waste Heat Recovery, Energy Harvesting, Direct Power Generation and Co-generation.
By material, the market has been segmented into Bi-Te, Pb-Te, and Others.
By power, the market includes segments such as 1kW.
By temperature, the market has been segmented as 500°C.
By end-user, the segmentation includes automotive, aerospace & defense, industrial, consumer and others.
Regional Outlook:
In the reports of MRFR, the market of the thermoelectric generator has covered the regions of North America, which occupies the largest share of the global thermoelectric generator, followed by the Asia-Pacific.
Asia-Pacific is expected to grow at highest CAGR for the thermoelectric generator market. With the increased demand for thermoelectric generators by automotive industries to fuel efficiency and increased industrialization in the region is expected to drive the thermoelectric generator market with a confident pull.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Thermoelectric Generator Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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