A thermoelectric generator (TEG) or seebeck generator, is a solid state device that directly converts heat into electricity using seebeck effect. It also converts electrical energy into thermal power for heating or cooling. Thus generator is made up of several connected thermopiles which helps to increase the output power. TEG is used in power plant to transform waste heat into electrical energy, whereas in automobiles it is used to increase fuel efficiency. TEG offers various benefits such as simple design, no moving parts, longer lifespan, requires less maintenance and is highly environment friendly.

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The major factors which are driving the growth of the Global Thermoelectric Generators Market include the growing demand for solid-state energy convertor, increasing need for low maintenance and the rising renewable energy adoption in power sector. The rapid increase in demand for waste heat recovery systems along with the growing global warming is further expected to fuel the growth of the market. In addition to this, the surging adoption of industrial automation across several vertical such as automotive, energy, and consumer goods are also propelling the demand for thermoelectric generators during the forecast period. However, the high cost and complex design modification may hamper the growth of the market during the forecast period.

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Based on the Vertical, the industrial segment is expected to grow at a higher CAGR during the forecast period owing to the increasing efficiency of the industries, strict regulations for environmental conservations, and advantages of carbon credits of the countries across the globe as TEG is gaining traction among both developed and developing countries.

Based on the Temperature, the Low Temperature (<80°C) temperature segment is projected to grow at a higher CAGR in the market during the forecast period owing to the growing usage of low temperature applications such as sensors, powering watches and others consumer electronics. This segment comprises of ultra-low-power mobile consumer electronics, and wearable, and other related devices. The output heat of low temperature producing applications is used by the thermoelectric system to produce electricity.

Based on the Material, the bismuth telluride material segment is projected grow at a higher CAGR in the market during the forecast period owing to its high efficiency as compared to the other materials.

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Based on the region, North America is projected to grow at a higher CAGR in the global Thermoelectric Generators Market during the forecast period owing to the increasing usage of advanced thermoelectric generator technology for powering various industries devices and equipment. In addition to this, high disposable income, rapid industrialization, and growing demand for cleaner energy in this region will further boost the demand of the market.

The major key players in the market include Gentherm, Inc., Laird, PLC., Ferrotec Corporation, Yamaha Corporation, Tecteg, II-VI Incorporated, Komatsu Ltd., Kryotherm, Rmt Ltd., Hi-Z Technology, Everredtronics Ltd. among others.

The Global Thermoelectric Generators Market has been segmented based on the Application, Temperature, Wattage, Material, Temperature, Component, and key region. Based on Application, the market is segmented into Waste Heat Recovery, Energy Harvesting, Direct Power Generation, and Co-Generation. Based on Temperature, the market is segmented into Low Temperature (<80°C), Medium Temperature (80°- 500°C), and High Temperature (> 500°C). Based on Wattage, the market is segmented into Low Power (<10 W), Medium Power (10-1kW), and High Power (> 1kW). Based on Material, the market is segmented into Bismuth Telluride, Lead Telluride, and Others. Based on Vertical, the market is further segmented into Automotive, Defense, Industrial, Consumer, Healthcare, Oil & Gas, Mining, and Telecommunications. Automotive segment is further segmented into Heating & Cooling. Aerospace is further segmented into Spacecraft Power System, and Aircraft Environment Monitoring Sensors. Defense segment is further segmented into Military Avionics, Infrared Detectors, and Missile Testing Systems. Industrial segment is further segmented into Manufacturing, and Chemical Processing. Consumer is further segmented into Wearable and Consumer Electronics. Healthcare is further segmented into Implantable Medical Devices, and Wearable Medical Devices. Oil & gas is further segmented into Condition Monitoring Sensors and Meters & Gauges. Mining is further segmented into Down-Hole Drilling and Process Monitoring. Telecommunication is further segmented into Navigational Aids and Telecommunication Systems. Based on Component, the market is segmented into Heat Source, Thermoelectric Module, Cold Side, and Electric Load.

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Key questions answered in this research report:

• • At what pace is the global Thermoelectric Generators Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Thermoelectric Generators Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Thermoelectric Generators Market?
  • What are the various application of the global Thermoelectric Generators Market, and how are they poised to grow?
  • Which Material generated maximum revenues in 2019 and identify the most promising Material during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Application, By Temperature, By Wattage, By Material, By Vertical, By Component, By Key Region Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Gentherm, Inc., Laird, PLC., Ferrotec Corporation, Yamaha Corporation, Tecteg, II-VI Incorporated, a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Thermoelectric Generators Market by Application

• • Waste Heat Recovery
  • Energy Harvesting
  • Direct Power Generation
  • Co-Generation

Global Thermoelectric Generators Market by Temperature

• • Low Temperature (<80°C)
  • Medium Temperature (80°- 500°C)
  • High Temperature (> 500°C)

Global Thermoelectric Generators Market by Wattage

• • Low Power (<10 W)
  • Medium Power (10-1kW)
  • High Power (> 1kW)

Global Thermoelectric Generators Market by Material

• • Bismuth Telluride
  • Lead Telluride
  • Others

Global Thermoelectric Generators Market by Vertical

• • Automotive
    • Heating & Cooling
  • Aerospace
    • Spacecraft Power System
    • Aircraft Environment Monitoring Sensors
  • Defense
    • Military Avionics
    • Infrared Detectors
    • Missile Testing Systems
  • Industrial
    • Manufacturing
    • Chemical Processing
  • Consumer
    • Wearable
    • Consumer Electronics
  • Healthcare
    • Implantable Medical Devices
    • Wearable Medical Devices
  • Oil & Gas
    • Condition Monitoring Sensors
    • Meters & Gauges
  • Mining
    • Down-Hole Drilling
    • Process Monitoring
  • Telecommunications
    • Navigational Aids
    • Telecommunication Systems

Global Thermoelectric Generators Market by Component

• • Heat Source
  • Thermoelectric Module
  • Cold Side
  • Electric Load

Global Thermoelectric Generators Market by Region

• • North America Thermoelectric Generators Market
    Option 1: As a part of the free 25% customization
    • North America Thermoelectric Generators Market by Application
    • North America Thermoelectric Generators Market by Temperature
    • North America Thermoelectric Generators Market by Wattage
    • North America Thermoelectric Generators Market by Material
    • North America Thermoelectric Generators Market by Vertical
    • North America Thermoelectric Generators Market by Component
    • United States of America (US) Thermoelectric Generators Market All-Up
    • Canada Thermoelectric Generators Market All-Up
  • Europe Thermoelectric Generators Market
    Option 2: As a part of the free 25% customization
    • Europe Thermoelectric Generators Market by Application
    • Europe Thermoelectric Generators Market by Temperature
    • Europe Thermoelectric Generators Market by Wattage
    • Europe Thermoelectric Generators Market by Material
    • Europe Thermoelectric Generators Market by Vertical
    • Europe Thermoelectric Generators Market by Component
    • United Kingdom (UK) Thermoelectric Generators Market All-Up
    • Germany All-Up Thermoelectric Generators Market All-Up
    • France Thermoelectric Generators Market All-Up
    • Spain Thermoelectric Generators Market All-Up
    • Rest of Europe Thermoelectric Generators Market All-Up
  • Asia-Pacific Thermoelectric Generators Market
    Option 3: As a part of the free 25% customization
    • Asia-Pacific Thermoelectric Generators Market by Application
    • Asia-Pacific Thermoelectric Generators Market by Temperature
    • Asia-Pacific Thermoelectric Generators Market by Wattage
    • Asia-Pacific Thermoelectric Generators Market by Material
    • Asia-Pacific Thermoelectric Generators Market by Vertical
    • Asia-Pacific Thermoelectric Generators Market by Component
    • China Thermoelectric Generators Market All-Up
    • India Thermoelectric Generators Market All-Up
    • Japan Thermoelectric Generators Market All-Up
    • Rest of APAC Thermoelectric Generators Market All-Up
  • ROW Thermoelectric Generators Market
    Option 4: As a part of the free 25% customization
    • RoW Thermoelectric Generators Market by Application
    • RoW Thermoelectric Generators Market by Temperature
    • RoW Thermoelectric Generators Market by Wattage
    • RoW Thermoelectric Generators Market by Material
    • RoW Thermoelectric Generators Market by Vertical
    • RoW Thermoelectric Generators Market by Component
    • Brazil Thermoelectric Generators Market All-Up
    • South Africa Thermoelectric Generators Market All-Up
    • Saudi Arabia Thermoelectric Generators Market All-Up
    • UAE Thermoelectric Generators Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Thermoelectric Generators Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Gentherm, Inc.
  • Laird, PLC
  • Ferrotec Corporation
  • Yamaha Corporation
  • Tecteg
  • II-VI Incorporated
  • Komatsu Ltd.
  • Kryotherm
  • Rmt Ltd.
  • Hi-Z Technology
  • Everredtronics Ltd.