This report provides a detailed
analysis of the Thermoelectric Generators (TEG) market from 2017 to 2022. It
discusses industry and technological trends prevailing in the market and examines
factors that are expected to drive or restrain the growth of the market in the near
future. The thermoelectric generators market is projected to grow at a CAGR of 14.20%
from 2017 to 2022. Key drivers influencing the growth of the thermoelectric
generators market include rapid
commercialization of thermoelectric generators in the automotive indutry,
and increasing demand for miniaturized TEGs.
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This
report studies the global thermoelectric generators market over the forecast
period from 2015 to 2020. The market is projected to reach USD 547.7 Million by
the end of 2020, at CAGR of 13.8% from 2015 onwards.
Browse 78 market data tables and 69 figures
spread through 158 pages and in-depth TOC on "Thermoelectric
Generators Market"
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buyers will receive 10% customization on this report.
The thermoelectric generators
market in the Asia-Pacific region is expected to grow at the highest CAGR
during the forecast period. The growth of this market is mainly attributed to rise
in industrialization, owing to growth in emerging economies such as China and
India. Increased demand for waste heat recovery is expected to drive market in
the region.
The
thermoeelctric generators market is segmented on the basis of end user,
material, wattage, source, component, temperature, and region. On the basis of
end user, the thermoelectric generators
market has been segmented into
automotive, aerospace, defense, industrial, consumer, and others. The industrial
segment is expected to grow at the
highest CAGR during the forecast period. This is mainly attributed to the increasing
usage of thermoelectric generators for energy harvesting and electricity
generation through the utilization of industrial waste heat.
Based
on material, the thermoelectric generators market has been segmented into Bismuth
Telluride (BiTe), Lead Telluride (PbTe), and other materials. The others
segment is expected to grow at the
highest CAGR during the forecast period, owing to the introduction of new
materials which are more efficient and are lower in cost as compared to
traditional materials.
On the basis of wattage, the thermoelectric
generators market has been segmented into low power (<10W), medium power (10W-1KW),
and high power (>1KW). The low power segment
is projected to grow at the highest CAGR during the forecast period, due to increasing
use in self-powered sensors, majorly in the defense and consumer industries.
Based on temperature, the thermoelectric
generators market has been segmented into low temperature (<80°C), medium
temperature (80°-500°C), and high temperature (>500°C). The low temperature
(<80°C) segment is expected to grow at the highest CAGR during the forecast
period, due to an increase in demand in various applications such as wireless
personal location devices, medical/fitness monitoring, personal protection,
wearable, and ultra-low power mobile consumer electronics, among others, which are
driving the thermoelectric generators market.
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