Published On : February 2018 Pages : 80 Category: Sensors & Controls Report Code : SE02568
Industry Outlook and Trend Analysis
The global Thermoelectric Modules Market was worth USD
million in 2017 and is expected to reach approximately USD million by 2023, while registering itself at a compound annual growth rate (CAGR) of % 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
% 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:
By End User:
By Region
Some of the key questions answered by the report are:
Market Classification
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 |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
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
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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