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Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023

Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023

“Dual properties (simultaneous heating and cooling) of thermoelectric modules is driving their adoption in the automotive, telecommunication, consumer electronics, and industrial applications”
The global thermoelectric modules market is expected to grow from USD 527.5 million in 2017 and is expected to reach USD 890.6 million by 2023, at a CAGR of 9.12% between 2017 and 2023. Advanced features of thermoelectric modules such as precise temperature control, simultaneous heating and cooling, and compact size is driving their adoption in the telecommunications, consumer electronics, and industrial applications. Moreover, there is an increasing use of these modules in the automotive application due to various factors such as decrease in power loss of engine, decrease in fuel loss, less maintenance, and compact size.

“Bulk thermoelectric modules is expected to hold largest share of market during forecast period”
The largest share of bulk modules is attributed to the fact that these modules produce the highest output power and voltage compared with micro and thin film thermoelectric modules. Moreover, these modules are the most commonly used types of thermoelectric modules for telecommunications, medical, aerospace, and industrial applications.

“APAC is expected to hold largest share of thermoelectric modules market during forecast period”
Asia Pacific (APAC) holds the largest share of the thermoelectric modules market due to low manufacturing costs owing to low overhead costs and labor and growing demand for thermoelectric modules across diverse applications. Moreover, the increased demand for waste heat recovery, industrial automation, and healthcare monitoring devices are expected to drive the growth of this market. With the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved. On the other hand, the market in the Americas is expected to grow at the highest CAGR between 2017 and 2023. This growth is attributed to the presence of top manufacturers in this region and use of thermoelectric modules in many applications such as automotive, telecommunications, and medical and laboratories. Moreover, bio-monitoring and healthcare-related devices require thermoelectric modules for various applications such as thermal cycling and temperature control. These factors are expected to increase the demand for thermoelectric modules in the Americas.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts. The breakup of the profiles of primary participants is as follows:
• By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
• By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
• By Region: Americas – 45%, Europe – 25%, APAC – 20%, and RoW – 10%

The key players operating in this market include Ferrotec (Japan), Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd (Russia). The other players in this market include KELK Ltd. (Japan),TE Technology (US), TEC Microsystems (Germany), Kryotherm (Russia), Thermion Company (Ukraine), Thermonamic Electronics (Jiangxi, China), EVERREDtronics (China), Micropelt (Germany), Hi-Z Technology (US), Hui Mao (China), Hicooltec Electronic (China), Z-Max (Japan), Merit Technology Group (China), LG Innotek (South Korea), Align Sourcing (US), AMS Technologies (Germany), European Thermodynamics (UK), CUI Inc. (US), Wellen Technology (China), and Advanced Thermoelectric (US).

Research Coverage
This report covers the thermoelectric modules market based on technology, type, functionality, end–use application, offering, and region. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the thermoelectric modules market.

Key Benefits of Buying the Report
The report would help market leaders or new entrants in the following ways:
1. This report segments the overall market comprehensively and provides the closest approximations of the global thermoelectric modules market size and that of the subsegments across different applications and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key drivers, restraints, challenges, and opportunities in the thermoelectric modules market.
3. This report would help stakeholders to understand their competitors better and gain insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers and acquisitions in the thermoelectric modules market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES FOR THE THERMOELECTRIC MODULES MARKET
    • THERMOELECTRIC MODULES MARKET, BY OFFERING
    • THERMOELECTRIC MODULES MARKET IN APAC, BY COUNTRY & TYPE
    • GEOGRAPHIC SNAPSHOT OF THERMOELECTRIC MODULES MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL INVESTMENT IN THERMOELECTRIC TECHNOLOGY IN 2012 SNAPSHOT
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
      • RESEARCH AND DEVELOPMENT
      • RAW MATERIAL/COMPONENT PROVIDERS
      • MANUFACTURING AND ASSEMBLY
      • MARKETING AND SALES
      • END USERS
    • KEY TRENDS: THERMOELECTRIC MODULES MARKET
  • THERMOELECTRIC MODULES MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table THERMOELECTRIC MODULES MARKET, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET, BY TECHNOLOGY, 2014-2023 (MILLION UNITS)
    • SINGLE STAGE
      • Table SINGLE STAGE THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
    • MULTI STAGE
      • Table MULTI STAGE THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
  • THERMOELECTRIC MODULES MARKET, BY TYPE
    • INTRODUCTION
    • BULK THERMOELECTRIC
      • Table BULK THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
    • MICRO THERMOELECTRIC
      • Table MICRO THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
    • THIN FILM THERMOELECTRIC
      • Table THIN FILM THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
  • THERMOELECTRIC MODULES MARKET, BY FUNCTIONALITY
    • INTRODUCTION
      • Table THERMOELECTRIC MODULES MARKET, BY FUNCTIONALITY, 2014-2023 (USD MILLION)
    • DEEP COOLING MODULES
      • Table DEEP COOLING THERMOELECTRIC MODULES MARKET, BY REGION 2014-2023 (USD MILLION)
    • GENERAL PURPOSE MODULES
      • TEMPERATURE STABILIZATION
      • POWER GENERATION
      • OTHERS
        • Table GENERAL PURPOSE THERMOELECTRIC MODULES MARKET, BY REGION 2014-2023 (USD MILLION)
  • THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION
    • INTRODUCTION
      • Table THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2014-2023 (USD MILLION)
    • AUTOMOTIVE
      • Table THERMOELECTRIC MODULES MARKET FOR AUTOMOTIVE, BY REGION, 2014-2023 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table THERMOELECTRIC MODULES MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2014-2023 (USD MILLION)
    • AEROSPACE & DEFENSE
      • Table THERMOELECTRIC MODULES MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2014-2023 (USD MILLION)
    • MEDICAL & LABORATORIES
      • Table THERMOELECTRIC MODULES MARKET FOR MEDICAL & LABORATORIES, BY REGION, 2014-2023 (USD MILLION)
    • TELECOMMUNICATIONS
      • Table THERMOELECTRIC MODULES MARKET FOR TELECOMMUNICATIONS, BY REGION, 2014-2023 (USD MILLION)
    • INDUSTRIAL
      • Table THERMOELECTRIC MODULES MARKET FOR INDUSTRIAL, BY REGION, 2014-2023 (USD MILLION)
    • OIL, GAS, &MINING
      • Table THERMOELECTRIC MODULES MARKET FOR OIL, GAS, AND MINING, BY REGION, 2014-2023 (USD MILLION)
  • THERMOELECTRIC MODULES MARKET, BY OFFERING
    • INTRODUCTION
      • Table THERMOELECTRIC MODULES MARKET, BY OFFERING, 2014-2023 (USD MILLION)
    • HARDWARE
      • Table THERMOELECTRIC MODULES MARKET FOR HARDWARE, BY REGION, 2014-2023 (USD MILLION)
    • SOFTWARE & SERVICES
      • DESIGN AND ENGINEERING
      • TESTING AND COMPLIANCE
        • Table THERMOELECTRIC MODULES MARKET FOR SOFTWARE & SERVICES, BY REGION, 2014-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table THERMOELECTRIC MODULES MARKET, BY REGION, 2014-2023 (USD MILLION)
    • AMERICAS
      • Table THERMOELECTRIC MODULES MARKET IN AMERICAS, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET, IN AMERICAS, BY TYPE, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN AMERICAS, BY FUNCTIONALITY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN AMERICAS, BY END-USE APPLICATION, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN AMERICAS, BY OFFERING, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN AMERICAS, BY REGION, 2014-2023 (USD MILLION)
      • NORTH AMERICA
        • Table THERMOELECTRIC MODULES MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table THERMOELECTRIC MODULES MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • LATIN AMERICA
        • Table THERMOELECTRIC MODULES MARKET IN LATIN AMERICA, BY TECHNOLOGY, 2014-2023 (USD MILLION)
    • EUROPE
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY TYPE, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY FUNCTIONALITY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY END-USE APPLICATION, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY OFFERING, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • UK
        • Table THERMOELECTRIC MODULES MARKET IN UK, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • GERMANY
        • Table THERMOELECTRIC MODULES MARKET IN GERMANY, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • FRANCE
        • Table THERMOELECTRIC MODULES MARKET IN FRANCE, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • ITALY
        • Table THERMOELECTRIC MODULES MARKET IN ITALY, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • REST OF EUROPE
        • Table THERMOELECTRIC MODULES MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2014-2023 (USD MILLION)
    • APAC
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY TYPE, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY FUNCTIONALITY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY END-USE APPLICATION, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY OFFERING, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • CHINA
        • Table THERMOELECTRIC MODULES MARKET IN CHINA, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • JAPAN
        • Table THERMOELECTRIC MODULES MARKET IN JAPAN, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • SOUTH KOREA
        • Table THERMOELECTRIC MODULES MARKET IN SOUTH KOREA, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • REST OF APAC
        • Table THERMOELECTRIC MODULES MARKET IN REST OF APAC, BY TECHNOLOGY, 2014-2023 (USD MILLION)
    • ROW
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY TYPE, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY FUNCTIONALITY, 2014-2023 (USD THOUSAND)
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY END-USE APPLICATION, 2014-2023 (USD THOUSAND)
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY OFFERING, 2014-2023 (USD MILLION)
      • Table THERMOELECTRIC MODULES MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • MIDDLE EAST
        • Table THERMOELECTRIC MODULES MARKET IN MIDDLE EAST, BY TECHNOLOGY, 2014-2023 (USD MILLION)
      • AFRICA
        • Table THERMOELECTRIC MODULES MARKET IN AFRICA, BY TECHNOLOGY, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS, 2016
      • Table RANKING OF TOP 5 PLAYERS IN THERMOELECTRIC MODULES MARKET, 2016
    • COMPETITIVE SCENARIO
  • COMPANY PROFILES
    • KEY PLAYERS
      • FERROTEC
      • LAIRD
      • II-VI MARLOW
      • TE TECHNOLOGY
      • TEC MICROSYSTEMS
      • CRYSTAL LTD.
      • KRYOTHERM
      • RMT LTD
      • THERMION COMPANY
      • THERMONAMIC ELECTRONICS
      • KELK LTD.
    • STARTUP ECOSYSTEM
      • Z-MAX
      • ALPHABET ENERGY
      • O-FLEXX TECHNOLOGIES
      • PHONONIC
      • P&N TECHNOLOGY
    • OTHER IMPORTANT PLAYERS
      • EVERREDTRONICS
      • MICROPELT
      • HI-Z TECHNOLOGY
      • HUI MAO
      • HICOOLTEC ELECTRONIC
      • MERIT TECHNOLOGY GROUP
      • LG INNOTEK
      • ALIGN SOURCING
      • AMS TECHNOLOGIES
      • INHECO INDUSTRIAL HEATING & COOLING
      • CUI INC.
      • WELLEN TECHNOLOGY
      • ADVANCED THERMOELECTRIC
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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