Thermoelectric Generators Market Analysis and Forecast to 2031: By Material (Bismuth Telluride, Lead Telluride, Others), Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-generation), End-Use Industry (Automotive, Aerospace, Industrial, Consumer, Healthcare), and Region
Thermoelectric generators are devices that convert heat into electricity. The technology behind thermoelectric generators is based on the Seebeck effect, which was discovered in the early 19th century. The Seebeck effect occurs when there is a difference in temperature between two conductors, and an electric current is generated.
Thermoelectric generators use this effect to generate electricity from heat. The heat can come from any source, such as a combustion engine, a solar panel, or even a geothermal heat source. Thermoelectric generators are very efficient, and can convert up to 60% of the heat into electricity.
Thermoelectric generators are used in a variety of applications, including power generation, refrigeration, and heating. They are also used in some medical devices, such as pacemakers.
Report Coverage
[table id=274 /]
Key Trends and Drivers
The market for thermoelectric generators is expected to grow due to the increasing demand for clean and renewable energy sources. TEGs are environment-friendly and have the potential to generate power from waste heat, making them an attractive option for power generation. The automotive industry is one of the major consumers of TEGs, as they are used in exhaust systems to generate electricity.
Restraints & Challenges
The key challenges in Thermoelectric Generators market are:
High Cost of Initial Investment
Low Power Efficiency
High Maintenance Cost
Market Segments
By Material
Bismuth Telluride
Lead Telluride
Others
By Application
Waste Heat Recovery
Energy Harvesting
Direct Power Generation
Co-generation
By End-Use Industry
Automotive
Aerospace
Industrial
Consumer
Healthcare
Key Companies
Caterpillar Inc.
Cummins Inc.
Panasonic Corporation
Bosch
General Electric
Siemens
Toshiba
Hitachi
Eaton
Gentherm Inc
Laird Thermal System
Komatsu Ltd.
Tellurex Corporation
Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.
- Chapter 1. Market Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Methodologies
- 1.4. Market Estimation Techniques
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Thermoelectric Generators Market Outlook
- 3.1. Thermoelectric Generators Market Segmentation
- 3.2. Market Dynamics
- 3.2.1. Market Drivers
- 3.2.1.1. Driver 1
- 3.2.1.2. Driver 2
- 3.2.1.3. Driver 3
- 3.2.2. Market Restraints
- 3.2.2.1. Restraint 1
- 3.2.2.2. Restraint 2
- 3.2.3. Market Opportunities
- 3.2.3.1. Opportunity 1
- 3.2.3.2. Opportunity 2
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Threat of New Entrants
- 3.3.2. Threat of Substitutes
- 3.3.3. Bargaining Power of Buyers
- 3.3.4. Bargaining Power of Supplier
- 3.3.5. Competitive Rivalry
- 3.4. Pestle Analysis
- 3.5. Value Chain Analysis
- 3.5.1. Raw Type Suppliers
- 3.5.2. Manufacturers
- 3.5.3. Wholesalers and Retailers
- 3.6. Impact of Russia and Ukraine War On the Global Thermoelectric Generators Market
- Chapter 4. Economic Impact of Covid-19
- 4.1. Overall Impact of Covid-19
- 4.2. Impact of Covid On the Global Thermoelectric Generators Market
- 4.3. Economic Impact Analysis
- Chapter 5. Thermoelectric Generators Market by End-Use Industry
- 5.1. Market Overview
- 5.2. Automotive
- 5.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Aerospace
- 5.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Industrial
- 5.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.5. Consumer
- 5.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.6. Healthcare
- 5.6.1. Market Size and Forecast, 2021-2031 ($Million)
- 5.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. Thermoelectric Generators Market by Application
- 6.1. Market Overview
- 6.2. Waste Heat Recovery
- 6.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Energy Harvesting
- 6.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Direct Power Generation
- 6.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Co-generation
- 6.5.1. Market Size and Forecast, 2021-2031 ($Million)
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. Thermoelectric Generators Market by Material
- 7.1. Market Overview
- 7.2. Bismuth Telluride
- 7.2.1. Market Size and Forecast, 2021-2031 ($Million)
- 7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 7.3. Lead Telluride
- 7.3.1. Market Size and Forecast, 2021-2031 ($Million)
- 7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 7.4. Others
- 7.4.1. Market Size and Forecast, 2021-2031 ($Million)
- 7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 8. Thermoelectric Generators Market, by Region
- 8.1. Overview
- 8.2. North America
- 8.2.1. Key Market Trends and Opportunities
- 8.2.2. North America Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.2.3. North America Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.4. North America Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.2.5. North America Thermoelectric Generators Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.2.6. The U.S.
- 8.2.6.1. U.S. Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.2.6.2. U.S. Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.6.3. U.S. Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.2.7. Canada
- 8.2.7.1. Canada Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.2.7.2. Canada Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.7.3. Canada Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.2.8. Mexico
- 8.2.8.1. Mexico Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.2.8.2. Mexico Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.8.3. Mexico Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3. Europe
- 8.3.1. Key Market Trends and Opportunities
- 8.3.2. Europe Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.3. Europe Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.4. Europe Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.5. Europe Thermoelectric Generators Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.3.6. Germany
- 8.3.6.1. Germany Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.6.2. Germany Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.6.3. Germany Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.7. France
- 8.3.7.1. France Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.7.2. France Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.7.3. France Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.8. U.K.
- 8.3.8.1. U.K. Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.8.2. U.K. Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.8.3. U.K. Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.9. Spain
- 8.3.9.1. Spain Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.9.2. Spain Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.9.3. Spain Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.10. Italy
- 8.3.10.1. Italy Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.10.2. Italy Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.10.3. Italy Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.11. Russia
- 8.3.11.1. Russia Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.11.2. Russia Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.11.3. Russia Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.3.12. Rest of Europe
- 8.3.12.1. Rest of Europe Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.3.12.2. Rest of Europe Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.12.3. Rest of Europe Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4. Asia-Pacific
- 8.4.1. Key Market Trends and Opportunities
- 8.4.2. Asia-Pacific Thermoelectric Generators Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.4.3. Asia-Pacific Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.4. Asia-Pacific Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.5. Asia-Pacific Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4.6. China
- 8.4.6.1. China Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.6.2. China Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.6.3. China Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4.7. India
- 8.4.7.1. India Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.7.2. India Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.7.3. India Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4.8. Japan
- 8.4.8.1. Japan Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.8.2. Japan Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.8.3. Japan Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4.9. South Korea
- 8.4.9.1. South Korea Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.9.2. South Korea Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.9.3. South Korea Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.4.10. Rest of APAC
- 8.4.10.1. Rest of APAC Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.4.10.2. Rest of APAC Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.10.3. Rest of APAC Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.5. Rest of the World
- 8.5.1. Key Market Trends and Opportunities
- 8.5.2. Rest of the World Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.5.3. Rest of the World Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.4. Rest of the World Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.5.5. Rest of the World Thermoelectric Generators Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.5.6. Latin America
- 8.5.6.1. Latin America Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.5.6.2. Latin America Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.6.3. Latin America Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.5.7. Middle East
- 8.5.7.1. Middle East Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.5.7.2. Middle East Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.7.3. Middle East Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.5.8. Africa
- 8.5.8.1. Africa Thermoelectric Generators Market Size and Forecast by End-Use Industry, 2021-2031, ($Million)
- 8.5.8.2. Africa Thermoelectric Generators Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.8.3. Africa Thermoelectric Generators Market Size and Forecast by Material, 2021-2031, ($Million)
- 8.5.8.4.
- Chapter 9. Competitive Landscape
- 9.1. Market Overview
- 9.2. Market Share Analysis/Key Player Positioning
- 9.3. Developmental Strategy Benchmarking
- 9.3.1. New Product Development
- 9.3.2. Product Launches
- 9.3.3. Business Expansions
- 9.3.4. Partnerships, Joint Ventures, and Collaborations
- 9.3.5. Mergers and Acquisitions
- Chapter 10. Company Profiles
- 10.1. Caterpillar Inc.
- 10.1.1. Company Snapshot
- 10.1.2. Financial Performance
- 10.1.3. Product offerings
- 10.1.4. Key Strategic Initiatives
- 10.1.5. Swot Analysis
- 10.2. Cummins Inc.
- 10.2.1. Company Snapshot
- 10.2.2. Financial Performance
- 10.2.3. Product offerings
- 10.2.4. Key Strategic Initiatives
- 10.2.5. Swot Analysis
- 10.3. Panasonic Corporation
- 10.3.1. Company Snapshot
- 10.3.2. Financial Performance
- 10.3.3. Product offerings
- 10.3.4. Key Strategic Initiatives
- 10.3.5. Swot Analysis
- 10.4. Bosch
- 10.4.1. Company Snapshot
- 10.4.2. Financial Performance
- 10.4.3. Product offerings
- 10.4.4. Key Strategic Initiatives
- 10.4.5. Swot Analysis
- 10.5. General Electric
- 10.5.1. Company Snapshot
- 10.5.2. Financial Performance
- 10.5.3. Product offerings
- 10.5.4. Key Strategic Initiatives
- 10.5.5. Swot Analysis
- 10.6. Siemens
- 10.6.1. Company Snapshot
- 10.6.2. Financial Performance
- 10.6.3. Product offerings
- 10.6.4. Key Strategic Initiatives
- 10.6.5. Swot Analysis
- 10.7. Toshiba
- 10.7.1. Company Snapshot
- 10.7.2. Financial Performance
- 10.7.3. Product offerings
- 10.7.4. Key Strategic Initiatives
- 10.7.5. Swot Analysis
- 10.8. Hitachi
- 10.8.1. Company Snapshot
- 10.8.2. Financial Performance
- 10.8.3. Product offerings
- 10.8.4. Key Strategic Initiatives
- 10.8.5. Swot Analysis
- 10.9. Eaton
- 10.9.1. Company Snapshot
- 10.9.2. Financial Performance
- 10.9.3. Product offerings
- 10.9.4. Key Strategic Initiatives
- 10.9.5. Swot Analysis
- 10.10. Gentherm Inc
- 10.10.1. Company Snapshot
- 10.10.2. Financial Performance
- 10.10.3. Product offerings
- 10.10.4. Key Strategic Initiatives
- 10.10.5. Swot Analysis
- *the List of Company Is Subject To Change During the Final Compilation of the Report
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook