Global Thermoelectric Modules Market 2020-2024

Global Thermoelectric Modules Market 2020-2024

Technavio has been monitoring the thermoelectric modules market and it is poised to grow by $ 370 mn during 2020-2024 progressing at a CAGR of 11% during the forecast period. Our reports on thermoelectric modules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased construction activities and large-scale benefits of using IoT devices. In addition, increased construction activities is anticipated to boost the growth of the market as well.

The thermoelectric modules market analysis includes application segment and geographic landscapes

Technavio's thermoelectric modules market is segmented as below:

By Application

  • Commercial
  • Government
By Geographic Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the continuous investment for military upgrades as one of the prime reasons driving the thermoelectric modules market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our thermoelectric modules market covers the following areas:
  • Thermoelectric modules market sizing
  • Thermoelectric modules market forecast
  • Thermoelectric modules market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermoelectric modules market vendors that include Crystal Ltd., Ferrotec Holdings Corp., Hi-Z Technology Inc. , II-VI Inc., KELK Ltd., Kryotherm Co., Laird Thermal Systems, Thermonamic Electronics (Jiangxi) Corp. Ltd., Wellen Technology Co. Ltd., and Xiamen Hicool Electronics Co. Ltd. . Also, the thermoelectric modules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Electronic components
  • Market Sizing
    • Market definition
      • Parent market
      • Market in focus
      • Segmentation
        • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Commercial - Market size and forecast 2019-2024
      • Table Commercial - Market size and forecast 2019-2024 ($ million)
      • Table Commercial - Year-over-year growth 2019-2024 (%)
      • Table Commercial 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • Government - Market size and forecast 2019- 2024
      • Table Government - Market size and forecast 2019-2024 ($ million)
      • Table Government - Year-over-year growth 2019-2024 (%)
      • Table Government 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Year-over-year growth 2019-2024 (%)
      • Table APAC 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Year-over-year growth 2019-2024 (%)
      • Table North America 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Year-over-year growth 2019-2024 (%)
      • Table Europe 2019-2024 - Market Size and forecast ($ million), exclusive of COVID- 19 impact
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Year-over-year growth 2019-2024 (%)
      • Table MEA 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Year-over-year growth 2019-2024 (%)
      • Table South America 2019-2024 - Market Size and forecast ($ million), exclusive of COVID-19 impact
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Volume drivers – Demand led growth
      • Increased construction activities
      • Increase in demand for centralized HVAC systems
      • Large-scale benefits of using IoT devices
    • Market challenges
      • Limitation in device capabilities
      • Capital intensity of HVAC systems
      • Environmental regulations and guidelines
        • Table Impact of drivers and challenges
    • Market trends
      • Growing demand for smart homes and development of smart cities
      • Growing adoption in HEVs
      • Emergence of smart thermostats
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Crystal Ltd.
      • Table Crystal Ltd. –Overview
      • Table Crystal Ltd. - Product and service
      • Table Crystal Ltd. - Key offerings
    • Ferrotec Holdings Corp.
      • Table Ferrotec Holdings Corp. –Overview
      • Table Ferrotec Holdings Corp. - Business segments
      • Table Ferrotec Holdings Corp. - Key offerings
      • Table Ferrotec Holdings Corp. - Segment focus
    • Hi-Z Technology Inc.
      • Table Hi-Z Technology Inc. –Overview
      • Table Hi-Z Technology Inc. - Product and service
      • Table Hi-Z Technology Inc. - Key offerings
    • II-VI Inc.
      • Table II-VI Inc. –Overview
      • Table II-VI Inc. - Business segments
      • Table II-VI Inc. - Key news
      • Table II-VI Inc. - Key offerings
      • Table II-VI Inc. - Segment focus
    • KELK Ltd.
      • Table KELK Ltd. –Overview
      • Table KELK Ltd. - Product and service
      • Table KELK Ltd. - Key offerings
    • Kryotherm Co.
      • Table Kryotherm Co. –Overview
      • Table Kryotherm Co. - Product and service
      • Table Kryotherm Co. - Key offerings
    • Laird Thermal Systems
      • Table Laird Thermal Systems – Overview
      • Table Laird Thermal Systems - Product and service
      • Table Laird Thermal Systems - Key offerings
    • Thermonamic Electronics (Jiangxi) Corp. Ltd.
      • Table Thermonamic Electronics (Jiangxi) Corp. Ltd. –Overview
      • Table Thermonamic Electronics (Jiangxi) Corp. Ltd. - Product and service
      • Table Thermonamic Electronics (Jiangxi) Corp. Ltd. - Key offerings
    • Wellen Technology Co. Ltd.
      • Table Wellen Technology Co. Ltd. –Overview
      • Table Wellen Technology Co. Ltd. - Product and service
      • Table Wellen Technology Co. Ltd. - Key offerings
    • Xiamen Hicool Electronics Co. Ltd.
      • Table Xiamen Hicool Electronics Co. Ltd. –Overview
      • Table Xiamen Hicool Electronics Co. Ltd. - Product and service
      • Table Xiamen Hicool Electronics Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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