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Thermoelectric Modules Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Ferrotec, Laird, KELK, Marlow

08 Jan, 2020 | 117 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Thermoelectric Modules Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 8% during the review period (2022 to 2027).



Thermoelectric Modules Market Overview



The global thermoelectric module market is growing thanks to rising thermoelectric module adoption rates, bolstered by the introduction of new eco-friendly goods, and creative technological breakthroughs and innovations in the thermoelectric modules. Furthermore, increasing product miniaturization, as well as the development of several micro devices such as microcontrollers, microprocessors, micro sensors, and micro instruments, as well as increased research and development activities by key players for the development of advanced thermoelectric modules, are expected to drive the global thermoelectric module market forward.



Demand for Thermoelectric Modules will witness a fair degree of recovery in short-term, with optimistic growth outlook in the long-run.Notable demand from Automotive, Consumer Electronics and others. Consumer Electronics is believed to hold a lion’s share in terms of end use due to its efficient performance, low operating noise, and low maintenance requirement in HVAC equipment.The increase in the sales of consumer electronics across the globe acts as one of the major factors driving the growth of thermoelectric modules market. The rise in demand for the owning to the simultaneous heating and cooling properties of TEMs increasing the demand for several applications accelerate the market growth.



Who are the Major Players in Thermoelectric Modules Market?



Top Key players in the Thermoelectric Modules Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Thermoelectric Modules Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Ferrotec, Laird, KELK, Marlow, RMT, CUI, Hi-Z, Tellurex, Crystal, P&N Tech, Thermonamic Electronics, Kryo Therm, Wellen Tech, AMS Technologies and others.



Industry News 



August 2020, Laird Thermal Systems (US) launched its Hi-Temp ETX Series thermoelectric coolers to deliver active cooling in high-temperature environments for autonomous systems, machine vision, digital light processors, and optical transceivers.



September  2018: Ferrotec, the world's largest manufacturer of thermoelectric modules (TEM) announced the expansion of its TEM business into the automobile sector. Specific applications of Ferrotec-TEM technology include cooling and heating of batteries in electric and hybrid vehicles. Ferrotec's high performance thermoelectric modules are custom designed devices offering highly responsive temperature control to within 0.1 degree Celsius.



What are the major Applications, Types and Regions for Thermoelectric Modules Market?



Thermoelectric Modules Market is segmented based on the type, applications, companies and regions.



By Type, Thermoelectric Modules Market has been segmented into 




  • Single Stage Module

  • Multistage Module



The end user’s industry application on Thermoelectric Modules Market is, 




  • Automotive

  • Electronics

  • Biomedical

  • Others



Thermoelectric Modules Market Regional Anaysis:



Asia Pacific is foreseen to overshadow in the entire region in terms of demand generation owing to a sizeable end user base such as; industrial, automotive, electronics and others which cater domestic as well as export markets.North America dominates the thermoelectric modules market due to the high request for commercial cooling and HVAC devices within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2022 to 2027 because of the significant investments in new vehicle skills including electric vehicles, LiDAR, and autonomous vehicles in the region.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Thermoelectric Modules Market report scope?



















































 



Report Attributes



 



 



Report Details



 



Forecast Period 2022 to 2027 CAGR



 



CAGR of 8% during the review period (2022 to 2027).



 



By Type




  • Single Stage Module

  • Multistage Module



 



By Application




  • Automotive

  • Electronics

  • Biomedical

  • Others



 



 By Companies



 



 



Ferrotec, Laird, KELK, Marlow, RMT, CUI, Hi-Z, Tellurex, Crystal, P&N Tech, Thermonamic Electronics, Kryo Therm, Wellen Tech, AMS Technologies and others.



 



 



Regions Covered



 




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Takeaways from this Thermoelectric Modules Report




  • Evaluate Thermoelectric Modules market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Thermoelectric Modules market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.



Frequently Asked Questions



What is the study period of this market?



 The Relay Market is studied from 2017 - 2027.



What is the growth rate of Thermoelectric Modules Market?



The Relay Market is growing at a CAGR of 8% over the next 5 years.



Who are the key players in Thermoelectric Modules Market?



 Ferrotec, Laird, KELK, Marlow, RMT, CUI, Hi-Z, Tellurex, Crystal, P&N Tech, Thermonamic Electronics, Kryo Therm, Wellen Tech, AMS Technologies and others.



What region does this Thermoelectric Modules Market report covers?



North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



 What are the significant types of Thermoelectric Modules Market?



Single Stage Module, Multistage Module



What are the major end-use applications of Thermoelectric Modules Market?



Automotive, Electronics, Biomedical, Others


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL THERMOELECTRIC MODULES MARKET BY TYPES

    3. GLOBAL THERMOELECTRIC MODULES MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR THERMOELECTRIC MODULES



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. THERMOELECTRIC MODULES GROWTH

      2. APPLICATION OF THERMOELECTRIC MODULES



    4. IMPACT OF COVID 19



  5. GLOBAL THERMOELECTRIC MODULES MARKET BY TYPES

    1. INTRODUCTION

    2. SINGLE STAGE MODULE

    3. MULTISTAGE MODULE

    4.  OTHERS



  6. GLOBAL THERMOELECTRIC MODULES MARKET BY APPLICATION

    1. INTRODUCTION

    2. AUTOMOTIVE

    3. ELECTRONICS

    4. BIOMEDICAL

    5. OTHERS



  7. GLOBAL THERMOELECTRIC MODULES MARKET BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS ACQUISITIONS JOINT VENTURES COLLABORATIONS

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. FERROTEC

      2. LAIRD

      3. KELK

      4. MARLOW

      5. RMT

      6. CUI

      7. HI-Z

      8. TELLUREX

      9. CRYSTAL

      10. P&N TECH

      11. THERMONAMIC ELECTRONICS

      12. KRYO THERM

      13. WELLEN TECH

      14. AMS TECHNOLOGIES AND OTHERS.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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