The thermoelectric market is expected to grow significantly during the forecast period of 2019 to 2026.
Market Definition: Thermoelectric Materials Market
Thermoelectric materials are materials which conduct the electricity by temperature gradient. This temperature gradient phenomenon is known as seebeck effect. The materials converts direct thermal energy to electrical energy. The most common thermoelectric materials are alloys of chalcogenides. Thermoelectric materials are generally made from bismuth and telluride. Thermoelectric materials like silicide and tetrahedrites are mainly preferred because of low cost, reliability, efficiency, and processing issues.
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Major Market Drivers & Restraints are as follows:
- Rapid Commercialization of Thermoelectric Generators in the Automobile Industry
- Requirement for Durable and Maintenance Free Power Sources
- Increasing Demand for Miniaturized Teg
- Inability to Produce High Power Electricity Output
- High Production Cost of Thermoelectric Material
Key Market Competitors: Thermoelectric Materials Market
Few of the major competitors are Tegma, Transphorm Inc, Green Teg, ThermoAura Inc, Evident Thermoelectrics, Sheetak, Alphabet Energy, Inc, Phononic, Inc. Ferrotec (USA) Corporation. Z-Max Co Ltd., Thermonamic Electronics(Jiangxi) Corp., Ltd., Tellurex Corporation, Tegeos, TEC Microsystems GmbH, TE Technology, Inc., Tecteg MFR, Quick-OHM Küpper & Co. GmbH, RIF Corporation, Perpetua Power Source Technologies, Inc., Merit Technology Group, Hicooltec among others.
This Market report is based on unique research done by our team which delivers analytical scrutiny of the market across several segments. The report additionally consists of current size and Summary of the market and industry combined with outlook prospects. In addition, key market makers are examined on numerous factors such as company overview, product portfolio, and revenue details during the forecast year. Also, the total potential of the market is briefed in the full report. The report highlights CAGR value fluctuations during the forecast period of 2019-2026 for the market. The base year for calculation in the report is considered as 2017 while the historic year is 2016 which will inform you how the Market is going to act upon in the forecast years by giving information about the several market insights.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
Market Segmentation: Thermoelectric Materials Market
- The global thermoelectric material market is based on material, source, temperature, component, end user application and geography.
- Based on material, the global thermoelectric material market is segmented Bismuth Telluride, Lead Telluride and Other thermoelectric materials
- On the basis of source, the market classified-Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-Generation and other thermoelectric materials
- Based on temperature, the market classifies-low temperature (<80°c), medium temperature (80°- 500°c), high temperature (> 500°c) and others), by wattage (low power (<10 w), medium power (10-1kw and others), high power (> 1kw)), by component (heat source, thermoelectric module ,cold side, electric loa and other thermoelectric materials.
- Based on component, the market is classified- heat source, thermoelectric module, cold side, electric loa and other thermoelectric materials
- Based on end user application, the market is classified- automotive, aerospace, defense, industrial, consumer and other thermoelectric materials.
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The global thermoelectric materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermoelectric materials market for global, Europe, North America, Asia Pacific and South America.
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