This report provides a detailed analysis of the Thermoelectric Generators (TEG) market from 2017 to 2022. It discusses the future of the market in the near future. The thermoelectric generators market is projected to grow at a CAGR of 14.20% from 2017 to 2022. Key drivers influencing the growth of the thermoelectric generators market include rapid commercialization of thermoelectric generators in the automotive industry, and increasing demand for miniaturized TEGs.
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This Report studies the global thermoelectric generators market over the forecast period from 2015 to 2020. The market is projected to reach USD 547.7 million by the end of 2020, at CAGR of 13.8% from 2015 onwards.
Browse 78 market data tables and 69 figures spread through 158 pages and in-depth TOC on „Thermoelectric Generators Market“
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The thermoelectric generators market in the Asia-Pacific region is expected to grow to the highest CAGR during the forecast period. The growth of this market is mainly attributed to rise in industrialization, owing to growth in emerging economies such as China and India. Increased demand for waste heat recovery in the region.
The thermoeelctric generator market is segmented on the basis of end user, material, wattage, source, component, temperature, and region. On the basis of end user, the thermoelectric generators market has been segmented into automotive, aerospace, defense, industrial, consumer, and others. The industrial segment is expected to grow to the highest CAGR during the forecast period. This is mainly attributed to the increasing usage of thermoelectric generators for energy harvesting and electricity generation through the utilization of industrial waste heat.
Based on material, the thermoelectric generator market has been segmented into Bismuth Telluride (BiTe), Lead Telluride (PbTe), and other materials. CAGR during the forecast period, owing to the introduction of new materials which are more efficient and lower in cost as compared to traditional materials.
On the basis of wattage, the thermoelectric generators market has been segmented into low power (<10W), medium power (10W-1KW), and high power (> 1KW). The low power segment is projected to grow to the highest CAGR during the forecast period, due to increasing use in self-powered sensors, major in the defense and consumer industries.
Based on temperature, the thermoelectric generators market has been segmented into low temperature (<80 ° C), medium temperature (80 ° -500 ° C), and high temperature (> 500 ° C). The low temperature (<80 ° C) CAGR during the forecast period, due to increase in demand in various applications, such as wireless personal location devices, medical / fitness monitoring, personal protection, wearable, and ultra-low power mobile consumer electronics, among others, which are driving the thermoelectric generators market.
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