Some of the major companies in the global thermoelectric generator market comprise Thermo Electric Company, Inc., Alphabet Energy, Gentherm, Evident Thermoelectrics, II-VI Marlow, Inc., green TEG AG, Romny Scientific, Inc., Perpetua Power Source Technologies, Inc., Ferrotec Corporation, Laird Technologies, Inc., B.V. Tellurex Corporation, RGS Development, Micropelt GmbH, and Teledyne Energy Systems, Inc. These players are set to bolster the thermoelectric generator market in the forecast period.
According to the analysts at Zion Market Research, global thermoelectric generator market was capitalized at almost USD 279.3 Million in 2015 and is likely to create income of USD 610.0 Million by 2021, developing at a CAGR of slightly more than 13.8% from 2016 to 2021.
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Waste Heat Recovery Segment To Dominate The Thermoelectric Generator Market In The Forecast Period
Thermoelectric generator market is divided based on various sources into energy harvesting, waste heat recovery, co-generation, and direct power generation. Waste heat recovery was the biggest division in 2015 for the thermoelectric generator market and added up for biggest share of the global thermoelectric generator market. In 2015, aerospace & defense was one of the biggest application division. Automotive division surfaced up as one more major outlet for the thermoelectric generator market with more than 57.8% shares in 2015 for the entire market. Industrial division is likely to show considerable development in the coming few years owing to the accessibility of low-cost devices.
Elevated Industrialization To Augment The Requirement For Thermoelectric Generators Market In Asia Pacific
In terms of demand, requirement for the thermoelectric generator market was uppermost in North America chased by Asia Pacific. In terms of income, Asia Pacific was the quickest developing area for thermoelectric generator market and added up for more than 17% share of the entire market in 2015. Elevated industrialization in Asia Pacific is also likely to augment the requirement for thermoelectric generators market in the area. Thermoelectric generator market in Europe is likely to develop at a moderate rate due to the augmented acceptance of thermoelectric gadgets for different applications.
The global thermoelectric generator market is segmented as follows:
By Source
By Application
By Region
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