Thermoelectric Modules Market by Technology and End User - Global Industry Analysis and Forecast to 2023

Published On : February 2018 Pages : 80 Category: Sensors & Controls Report Code : SE02568

SEGMENTS & REGIONS:

  • Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa

Industry Outlook and Trend Analysis

The global Thermoelectric Modules Market was worth USD XXX.XX million in 2017 and is expected to reach approximately USD XXX.XX million by 2023, while registering itself at a compound annual growth rate (CAGR) of X.XX% during the forecast period. The development is credited to the expanded demand of thermoelectric modules in numerous applications, for example, telecommunications, industrial, automotive, consumer electronics, and medicinal and research centres. Bio-monitoring and healthcare related devices need thermoelectric modules for different applications, for example, thermal cycling and temperature control.

Technology Outlook and Trend Analysis

On the basis of technology, two kinds of thermoelectric modules are accessible around the world: Single-stage modules and multi-stage modules. Presently, single-stage modules report higher rate of adoption than multi-stage ones. In 2017, the requirement for single-stage modules represented a share of XX% in the general interest for thermoelectric modules.

End User Outlook

At present, the telecommunications sector rules the worldwide market and is foreseen to dominate the market amid the conjecture time frame. This development is ascribed to the wide usage of thermoelectric modules in the telecommunications sector, for example, community antenna television (CATV) lasers, avalanche photodiodes (APD), channel monitors (OCM), pump lasers (EDFA),  transmission lasers (DWDM), and photonic integrated circuits (PIC).

Regional Outlook and Trend Analysis

Asia Pacific represented the biggest share of the overall thermoelectric modules market in 2022, trailed by the Americas and Europe. APAC possess the biggest share of the thermoelectric modules market as a maximum number of producers have their production plants in this region. The other factors attributable for this development are low costs of manufacturing due to low overhead costs and inexpensive labour, and rising demand for thermoelectric modules and waste heat recovery, industrial automation, and healthcare monitoring devices, as well as developing industrialization.

Competitive Insights

The leading players in the market are TEC Microsystems GmbH, RMT Ltd, KELK Ltd, T E Technology Inc, Hi-Z Technology Inc, EVERREDtronics and LG Innotek. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Thermoelectric Modules Market is segmented as follows-

By TEchnology:

  • Single Stage
  • Multi Stage

By End User:

  • Consumer Electronics
  • Aerospace & Defense
  • Telecommunications
  • Industrial
  • Automotive
  • Oil, Gas & Mining
  • Medical & Laboratories

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Thermoelectric Modules Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)
    • Single Stage
    • Multi Stage
  • Thermoelectric Modules Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
    • Automotive
    • Consumer Electronics
    • Aerospace & Defense
    • Medical & Laboratories
    • Telecommunications
    • Industrial
    • Oil, Gas & Mining
  • Thermoelectric Modules Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Thermoelectric Modules Market, By Country
  • North America Thermoelectric Modules Market, By Technology
  • North America Thermoelectric Modules Market, By End User
    • U.S. Thermoelectric Modules Market, By Technology
    • U.S. Thermoelectric Modules Market, By End User
    • Canada Thermoelectric Modules Market, By Technology
    • Canada Thermoelectric Modules Market, By End User
    • Mexico Thermoelectric Modules Market, By Technology
    • Mexico Thermoelectric Modules Market, By End User
    • Europe
  • Europe Thermoelectric Modules Market, By Country
  • Europe Thermoelectric Modules Market, By Technology
  • Europe Thermoelectric Modules Market, By End User
    • Germany Thermoelectric Modules Market, By Technology
    • Germany Thermoelectric Modules Market, By End User
    • France Thermoelectric Modules Market, By Technology
    • France Thermoelectric Modules Market, By End User
    • UK Thermoelectric Modules Market, By Technology
    • UK Thermoelectric Modules Market, By End User
    • Italy Thermoelectric Modules Market, By Technology
    • Italy Thermoelectric Modules Market, By End User
    • Spain Thermoelectric Modules Market, By Technology
    • Spain Thermoelectric Modules Market, By End User
    • Rest of Europe Thermoelectric Modules Market, By Technology
    • Rest of Europe Thermoelectric Modules Market, By End User
    • Asia-Pacific
      • Asia-Pacific Thermoelectric Modules Market, By Country
      • Asia-Pacific Thermoelectric Modules Market, By Technology
      • Asia-Pacific Thermoelectric Modules Market, By End User
        • Japan Thermoelectric Modules Market, By Technology
        • Japan Thermoelectric Modules Market, By End User
        • Australia Thermoelectric Modules Market, By Technology
        • Australia Thermoelectric Modules Market, By End User
        • India Thermoelectric Modules Market, By Technology
        • India Thermoelectric Modules Market, By End User
        • South Korea Thermoelectric Modules Market, By Technology
        • South Korea Thermoelectric Modules Market, By End User
        • Rest of Asia-Pacific Thermoelectric Modules Market, By Technology
        • Rest of Asia-Pacific Thermoelectric Modules Market, By End User
    • Rest of the World
      • Rest of the World Thermoelectric Modules Market, By Country
      • Rest of the World Thermoelectric Modules Market, By Technology
      • Rest of the World Thermoelectric Modules Market, By End User
        • Brazil Thermoelectric Modules Market, By Technology
        • Brazil Thermoelectric Modules Market, By End User
        • South Africa Thermoelectric Modules Market, By Technology
        • South Africa Thermoelectric Modules Market, By End User
        • Saudi Arabia Thermoelectric Modules Market, By Technology
        • Saudi Arabia Thermoelectric Modules Market, By End User
        • Turkey Thermoelectric Modules Market, By Technology
        • Turkey Thermoelectric Modules Market, By End User
        • United Arab Emirates Thermoelectric Modules Market, By Technology
        • United Arab Emirates Thermoelectric Modules Market, By End User
        • Others Thermoelectric Modules Market, By Technology
        • Others Thermoelectric Modules Market, By End User

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Improved Vehicle Fuel Efficiency Using Thermoelectric Modules

3.2.1.2.    Increasing Awareness of Green Energy

3.2.2.  Restraints

3.2.2.1.    High Cost as Compared to Conventional Cooling and Refrigeration Systems

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Thermoelectric Modules Market, By Technology

4.1.       Introduction

4.2.       Global Thermoelectric Modules Sales, Revenue and Market Share by Technology (2017-2017)

4.2.1.  Global Thermoelectric Modules Sales and Sales Share by Technology (2017-2017)

4.2.2.  Global Thermoelectric Modules Revenue and Revenue Share by Technology (2017-2017)

4.3.       Thermoelectric Modules Market   Assessment and Forecast, By Technology, 2017-2023

4.4.       Single Stage

4.4.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

4.5.       Multi Stage

4.5.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.       Thermoelectric Modules Market, By End User

5.1.       Introduction

5.2.       Global Thermoelectric Modules Sales, Revenue and Market Share by End User (2017-2017)

5.2.1.  Global Thermoelectric Modules Sales and Sales Share by End User (2017-2017)

5.2.2.  Global Thermoelectric Modules Revenue and Revenue Share by End User (2017-2017)

5.3.       The Thermoelectric Modules Market   Assessment and Forecast, By End User, 2017-2023

5.4.       Automotive

5.4.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.5.       Consumer Electronics

5.5.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.6.       Aerospace & Defense

5.6.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.7.       Medical & Laboratories

5.7.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.8.       Telecommunications

5.8.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.9.       Industrial

5.9.1.  Market Assessment and Forecast, By Region, 2017-2023($Million)

5.10.    Oil, Gas & Mining

5.10.1.      Market Assessment and Forecast, By Region, 2017-2023($Million)

6.       Thermoelectric Modules Market, By Region

6.1.       Introduction

6.2.       Thermoelectric Modules Market Assessment and Forecast, By Region, 2017-2023 ($Million)

6.3.       Global Thermoelectric Modules Sales, Revenue and Market Share by Regions

6.3.1.  Global Thermoelectric Modules Sales by Regions (2017-2017)

6.3.2.  Global Thermoelectric Modules Revenue by Regions (2017-2017)

6.4.       North America

6.4.1.  North America Thermoelectric Modules Sales and Growth Rate (2017-2017)

6.4.2.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.4.3.  Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.4.4.  Market Assessment and Forecast, By End User, 2017-2023($Million)

6.4.5.  U.S.

6.4.5.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.4.5.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.4.6.  Canada

6.4.6.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.4.6.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.4.7.  Mexico

6.4.7.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.4.7.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.       Europe

6.5.1.  Europe Thermoelectric Modules Sales and Growth Rate (2017-2017)

6.5.2.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.5.3.  Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.4.  Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.5.  Germany

6.5.5.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.5.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.6.  France

6.5.6.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.6.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.7.  UK

6.5.7.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.7.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.8.  Italy

6.5.8.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.8.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.9.  Spain

6.5.9.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.9.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.5.10.      Rest of Europe

6.5.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.5.10.2. Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.       Asia-Pacific

6.6.1.  Asia-Pacific Thermoelectric Modules Sales and Growth Rate (2017-2017)

6.6.2.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.6.3.  Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.4.  Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.5.  Japan

6.6.5.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.5.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.6.  China

6.6.6.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.6.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.7.  Australia

6.6.7.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.7.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.8.  India

6.6.8.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.8.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.9.  South Korea

6.6.9.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.9.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.6.10.      Rest of Asia-Pacific

6.6.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.6.10.2. Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.       Rest of the World

6.7.1.  Rest of the World Thermoelectric Modules Sales and Growth Rate (2017-2017)

6.7.2.  Market Assessment and Forecast, By Country, 2017-2023($Million)

6.7.3.  Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.4.  Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.5.  Brazil

6.7.5.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.5.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.6.  Turkey

6.7.6.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.6.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.7.  Saudi Arabia

6.7.7.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.7.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.8.  South Africa

6.7.8.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.8.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.9.  United Arab Emirates

6.7.9.1.    Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.9.2.    Market Assessment and Forecast, By End User, 2017-2023($Million)

6.7.10.      Others

6.7.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)

6.7.10.2. Market Assessment and Forecast, By End User, 2017-2023($Million)

7.       Company Profiles

7.1.       Ferrotec

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.2.       Laird

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.3.       II-VI Marlow

7.3.1.  Business Overview

7.3.2.  Product  Portfolio

7.3.3.  Strategic Developments

7.3.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.4.       TE Technology

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.4.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.5.       TEC Microsystems

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.5.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.6.       Crystal Ltd.

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.6.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.7.       Kryotherm

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.7.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.8.       RMT Ltd

7.8.1.  Business Overview

7.8.2.  Product  Portfolio

7.8.3.  Strategic Developments

7.8.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.9.       Thermion Company

7.9.1.  Business Overview

7.9.2.  Product  Portfolio

7.9.3.  Strategic Developments

7.9.4.  Thermoelectric Modules Sales, Revenue and Market Share

7.10.    Thermonamic Electronics

7.10.1.      Business Overview

7.10.2.      Product  Portfolio

7.10.3.      Strategic Developments

7.10.4.      Thermoelectric Modules Sales, Revenue and Market Share

8.       Global Thermoelectric Modules Market Competition, by Manufacturer

8.1.       Global Thermoelectric Modules Sales and Market Share by Manufacturer (2017-2017)

8.2.       Global Thermoelectric Modules Revenue and Market Share by Manufacturer (2017-2017)

8.3.       Top 5 Thermoelectric Modules Manufacturer Market Share

8.4.       Market Competition Trend


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Thermoelectric Modules Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country