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Global Thermoelectric Generator Market 2017-2021

Global Thermoelectric Generator Market 2017-2021

About Thermoelectric Generator

A thermoelectric generator (TEG) is a device that is primarily used for energy generation. It can also be used as a heat pump. As energy generators, TEGs convert waste heat into electricity. As heat pumps, they transfer heat to a device from one side to the other. Therefore, TEGs are like heat engines but are compact in size, silent, and have no moving parts. TEGs have a longer operational life and have no maintenance requirements, which makes them a preferred choice for unmanned sites like offshore gas pipelines.

Technavio’s analysts forecast the global thermoelectric generator market to grow at a CAGR of 12.95% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermoelectric generator market for 2017-2021. To calculate the market size, the report considers revenue generated from new shipments and sales of thermoelectric generators.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thermoelectric Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alphabet Energy
  • Ferrotec Corporation
  • Gentherm Global Power Technologies (GPT)
Other prominent vendors
  • II-VI Marlow
  • ADVANCE RIKO
  • Align Sourcing
  • EH4
  • EVERREDtronics
  • Evident Thermoelectrics
  • greenTEG
  • Hi-Z Technology
  • Hotblock Onboard
  • KELK
  • LAIRD
  • Marvel Thermoelectrics
  • Matrix Industries
  • O-Flexx Technologies
  • otego
  • Perpetua Power Source Technologies
  • Phononic
  • RGS DEVELOPMENT
  • Romny Scientific
  • Tellurex Corporation
  • TE Technology
  • Yamaha Corporation
Market driver
  • Applicability in harsh environments
  • For a full, detailed list, view our report
Market challenge
  • Low conversion efficiency
  • For a full, detailed list, view our report
Market trend
  • Automation of industries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermoelectric Generator Market 2017-2021

Technavio recognizes the following companies as the key players in the global thermoelectric generator market: Alphabet Energy, Ferrotec Corporation, and Gentherm Global Power Technologies (GPT).

Other Prominent Vendors in the market are: II-VI Marlow, ADVANCE RIKO, Align Sourcing, EH4, EVERREDtronics, Evident Thermoelectrics, greenTEG, Hi-Z Technology, Hotblock Onboard, KELK, LAIRD, Marvel Thermoelectrics, Matrix Industries, O-Flexx Technologies, otego, Perpetua Power Source Technologies, Phononic, RGS DEVELOPMENT, Romny Scientific, Tellurex Corporation, TE Technology, and Yamaha Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is automation of industries. Automation of industries is gaining momentum as computers and machines are being adopted for effective and efficient control systems. To maintain optimum productivity, the cost of operations, quality of the product, and safety, industries are forced to adopt automation to maintain its competitiveness in the market.”

According to the report, one driver in the market is applicability in harsh environments. Thermoelectric generators are more suitable to harsh environmental conditions such as in offshore oil and gas pipelines and space probes where battery operated systems cannot withstand harsh conditions, resulting in a lesser lifespan of electric components. However, energy harvesters like thermoelectric generators have the upper hand due to their small dimension, longer lifespan, and no system maintenance and replacement. These factors facilitate the easy and non-invasive application of TEGs.

Further, the report states that one challenge in the market is low conversion efficiency. TEGs convert waste heat into electrical energy. However, as per the University of the Pacific, TEGs have an efficiency of only 4%. Efficiency measurement holds a significant importance in the deployment of thermoelectric generators as well as for research in thermoelectric materials. The efficiency calculation cannot be done directly as all the parameters of materials are temperature dependent. A TEG will operate efficiently only if the supply of electrical current to the device is equal to the electrical resistance of a device.

Companies Mentioned

Alphabet Energy, Ferrotec Corporation, and Gentherm Global Power Technologies (GPT).

Other Prominent Vendors in the market are: II-VI Marlow, ADVANCE RIKO, Align Sourcing, EH4, EVERREDtronics, Evident Thermoelectrics, greenTEG, Hi-Z Technology, Hotblock Onboard, KELK, LAIRD, Marvel Thermoelectrics, Matrix Industries, O-Flexx Technologies, otego, Perpetua Power Source Technologies, Phononic, RGS DEVELOPMENT, Romny Scientific, Tellurex Corporation, TE Technology, and Yamaha Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Overview of thermoelectrics
    • Historical landscape
      • Table Historical landscape of thermoelectrics
    • Technological landscape
      • Table Thermoelectric module design
      • Table Possible applications for thermoelectric modules
  • Market landscape
    • Market overview
      • Table Overview of global thermoelectric generator market
    • Market size and forecast
      • Table Global thermoelectric generator market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global thermoelectric generator market by end-user 2016-2021 (% share of revenue)
      • Table Global thermoelectric generator market by end-user 2016-2021 ($ millions)
    • Military and aerospace
      • Table Global thermoelectric generator market by military and aerospace 2016-2021 ($ millions)
    • Wireless sensor network (WSN)
      • Table Global thermoelectric generator market by wireless sensor network 2016-2021 ($ millions)
    • Industrial
      • Table Global thermoelectric generator market by industrial 2016-2021 ($ millions)
    • Others
      • Table Global thermoelectric generator market by others 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global thermoelectric generator market by geography 2016-2021 (% share of revenue)
      • Table Global thermoelectric generator market by geography 2016-2021 ($ millions)
    • Americas
      • Table Thermoelectric generator market in Americas 2016-2021 ($ millions)
    • APAC
      • Table Thermoelectric generator market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table Thermoelectric generator market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • CO2 emission reduction
    • Automation of industries
    • Internet of Things (IoT)
    • Automation in automobiles
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Alphabet Energy
    • Ferrotec Corporation
      • Table Product portfolio: Ferrotec Corporation
    • Gentherm Global Power Technologies (GPT)
      • Table Product portfolio: Gentherm Global Power Technologies
  • Appendix
    • List of abbreviations
  • Explore Technavio

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