Florida – Oct 19, 2015 – Renewable energy is playing a major role in the electricity generation in current scenario, according to a report by Market Research Engine. Considering the life span and cost of non-rentable resources of energy, the demand of renewable resources is highly increasing. Thermoelectric generators are one of the devices using renewable energy i.e. heat to produce electricity. It can also be used otherwise too. Thermoelectric generators (TEG) are solid state devices which convert temperature difference between two materials into electrical energy. Thermoelectric generators (TEG) are based on the principal of Seebeck effect.
Certain applications like automotive, aerospace, semiconductor networks are more likely to use power sources which have less maintenance and are low in cost. Durability also plays a crucial role in fitting the power source for places which are hostile and out of reach. TEGs perfectly fit in these places providing high reliability and greater efficiency. These low cost compact devices are more in demand because of its solid stateadding advantage at immobile locations, durability and reliabilityand increased greenhouse effect.
The global market for thermoelectric generators is estimated to be US$ 320 million and is projected to grow to US$ 720 million with an impressive growth rate of 14.5% from 2015 to 2021. North America is expected to capture more than two third of the market in current scenario and is projected to keep its supremacy over the forecast period. However, Asia Pacific and European countries are projected to grow at relatively higher growth rate.
The report gives a 360 degree analysis of the market covering the growth drivers, growth inhibitors, value chain analysis, new product launches and the market perspective of the global thermoelectric generator.
Browse the full report on “Global Thermoelectric Generators Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021″:
The major use of thermoelectric generators is expected from automotive end users. This segment is expected to grab more than half of the market for thermoelectric generators. Aerospace and industrial heat closely accounts the second and third position. Use of TEGs in space applications will continue to attractmarket demand.
This industry has limited manufacturers, mostly tier II or III. This market is led by U.S. manufacturer Gentherm Inc. having commanding market share of more than one fourth of the market value. Other companies involved are EVERREDtronics, Ferrotec, greenTEG, GMZ Energy, Laird Plc, Micropelt, Tellurex, Thermolife Energy Corporation, Yamaha Corp, Alphabet Energy, TECTEG MFR, RedHawk Energy Systems, Komatsu Corp. and others.
Segmentations in Report:
Thermoelectric Generators By Application
Thermoelectric Generators By Power:
- 30-100 W
Thermoelectric Generators By Temperatures
- 100 -500 Degree C
- 500-1K degree C
- > 1K degree C
Thermoelectric Generators By Material
Thermoelectric Generators By Controller
- Single Directional
- Bi Directional
- Multi Directional
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