Global Thermoelectric Generators Market is expected to reach $1,026.82 billion by 2027 growing at a CAGR of 10.3% during 2018 to 2027.
Some of the key players profiled in the Thermoelectric Generators Market include Yamaha Corporation, Ferrotec Corporation, Laird PLC, Everredtronics Ltd, II-VI Incorporated, Gentherm Inc, Otego GmbH, Hi-Z Technology, P&N Technology Co Ltd, Kelk Ltd, Kryotherm, Rmt Ltd, and Tecteg.
Gaithersburg, Maryland, United States – December 3, 2019 /MarketersMedia/ —
Extending necessity for energy converters of solid-state type, expanded reception of thermoelectric generators in the oil & energy sector, and development of sustainable power source in power sector are the key factors driving the market growth. Moreover, rising need for low-power generators in sensor networks is providing opportunities for the market growth. However, the complexity in the design of thermoelectric generators may restrain the market growth.
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Thermoelectric generators are devices that convert temperature differences into electrical energy. Two basic physical phenomena involved in this process include the Seebeck effect and the Peltier effect. The Seebeck effect defines the conversion of temperature difference into electric current at the interface of two different materials, whereas the Peltier effect is the vice-versa of the Seebeck effect. Thermoelectric materials generate power directly from heat by converting temperature differences into electric voltage. These materials must have both high electrical conductivity and low thermal conductivity to be suitable for the thermoelectric conversion process.
By End User, Industrial segment is likely to have a huge demand as it results in improving the efficiency of the industries, stringent norms for environmental conservation, and added benefits of carbon credits to many countries.
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By geography, North America is going to have a lucrative growth during the forecast period owing to the expanded cutting edge utilization of TEG technology for powering various equipment and devices in various industries.
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Wattages Covered:
• High Power (> 1kW)
• Medium Power (10-1kW)
• Low Power ( 500°C)
• Medium Temperature (80°- 500°C)
• Low Temperature (
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