Thermoelectric Modules Market, By Technology (Single Stage Thermoelectric Modules and Multi Stage Thermoelectric Modules), By Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules and Thin Film Thermoelectric Modules), By Application (Consumer E

Thermoelectric Modules Market, By Technology (Single Stage Thermoelectric Modules and Multi Stage Thermoelectric Modules), By Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules and Thin Film Thermoelectric Modules), By Application (Consumer Electronics, Telecommunication, Medical and Laboratories, Automotive, Defense and Space, Industrial Applications, Energy Harvesting and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Thermoelectric Modules are also known as thermoelectric coolers or peltier cooler. These coolers are electronic device that work as a small pump and transfer heat from one side to another side of the device. These modules can be used to warm or cool object by producing temperature differential. These coolers consists of semiconductor that are heavily doped with electric carriers. These elements are arranged into array that is thermally connected in parallel and electrically connected in series. Manufacturers of thermoelectric modules focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.
Market Dynamics
Increasing demand from consumer electronics is expected to drive market growth during forecast period. Thermoelectric coolers are used in the consumer electronics applications and also in food & beverage refrigerator, air conditioner, chilled water dispenser and many others. These applications require thermoelectric modules to provide cooling and temperature as compare to other traditional cooling system. Owing to environmental concern related to bottled water has increased the demand for point-of-use dispenser in residential or commercial sector. To meet the required demand for suitable temperature effects, the growth of the market will increase in the coming years.
Rising demand for electric vehicle is expected to drive growth of the global thermoelectric modules market during the forecast period. The demand for electric vehicles has increased in the recent past in both developed and emerging economies. According to the Edison Electric Institute (EEI), in 2021, there were around 1.2 million electric vehicles were on the road in the U.S. According to the same source, global electric sales were pegged at 2.1 million in 2021, increasing by 64% as compared 2017. Thermoelectric modules are typically used in electric vehicles for instant cooling and heating. Thus, these factors are expected to drive growth of the global thermoelectric modules market during the forecast period.
Market Taxonomy
This report segments the global thermoelectric modules market on the basis of technology, type, application and region. On the basis of technology, the global thermoelectric modules market is segmented into single stage thermoelectric modules and multi stage thermoelectric modules. On the basis of type, the global thermoelectric modules market is segmented into bulk thermoelectric modules, micro thermoelectric modules and thin film thermoelectric modules. On the basis of type, the global thermoelectric modules market is segmented into consumer electronics, telecommunication, medical and laboratories, automotive, defense and space, industrial applications, energy harvesting and others. On the basis of region, the global thermoelectric modules market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global thermoelectric modules market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global thermoelectric modules market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global thermoelectric modules market are Ferrotec Corporation, Crystal Ltd., RMT Ltd., TE Technology, Inc., Laird Technologies, Inc., Gentherm Inc., Tellurex Corporation, Thermion Company, Marlow Industries, and KELK Ltd.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global thermoelectric modules market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global thermoelectric modules market.
Detailed Segmentation:
Global Thermoelectric Modules Market, By Technology:
Single Stage Thermoelectric Modules
Multi Stage Thermoelectric Modules
Global Thermoelectric Modules Market, By Type:
Bulk Thermoelectric Modules
Micro Thermoelectric Modules
Thin Film Thermoelectric Modules
Global Thermoelectric Modules Market, By Application:
Consumer Electronics
Telecommunication
Medical and Laboratories
Automotive
Defense and Space
Industrial Applications
Energy Harvesting
Others
Global Thermoelectric Modules Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
Ferrotec Corporation *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Crystal Ltd.
RMT Ltd.
TE Technology, Inc.
Laird Technologies, Inc.
Gentherm Inc.
Tellurex Corporation
Thermion Company
Marlow Industries
KELK Ltd.
*Browse all the market data tables and figures on “Global Thermoelectric Modules Market- Forecast to 2027”