Global Thermoelectric Modules Market Size study, By Model (Single Stage, Multi Stage), By Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules, Thin-Film Thermoelectric Modules), By Functionality (General Purpose, Deep Cooling), By Offering (Hardware, Services), By End-Use Application (Consumer Electronics, Industrial, Telecommunications, Autmomotive, Medical & Laboratories, Aerospace & Defense, Oil & Gas and Mining), and Regional Forecasts 2022-2028
- BIZ4982700
- 200 Pages
- May 2022
- Semiconductor and Electronics
The thermoelectric module is also known as a Peltier module that is a semiconductor-based electronic device that functions like a small heat pump. This module is used to transfers heat from one side of the device to the other. Additionally, these modules can instantly cool and warm an object by creating temperature variances. The rising benefits of TEMs over conventional systems, increasing demand for electric and luxury vehicles, coupled with the growing trend of automation in industrial, commercial, and residential sectors are primary factors that are bolstering the market demand across the globe. For instance, electric car sales reached an account of 3 million in 2020, more than 40% from 2019. Moreover, for 2030, the Net Zero Emissions by 2050 Scenario projects 300 million electric cars on the road and recorded with above 60% of new car sales, in comparison of only 4.6% in 2020. Consequentially, increasing use for an electric vehicle is surging the demand for thermoelectric modules, thus, in turn, augments the market growth. However, high costs compared to traditional heating/cooling systems and inherent disadvantages and design complexities impede the growth of the market over the forecast period of 2022-2028. Also, the development of TEMs for new application areas and rising demand for thermoelectric coolers for storage and transport is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Thermoelectric Modules Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to surging demand for HVAC devices and commercial refrigeration, along with the introduction of novel technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as rising investments in new vehicle technologies like electric vehicles, LiDAR, and autonomous vehicles, as well as penetration of the 5G technology, would create lucrative growth prospects for the Thermoelectric Modules Market across the Asia-Pacific region.
Major market players included in this report are:
Ferrotec Holdings Corporation
II-VI Incorporated
Laird Thermal Systems Inc.
Guangdong Fuxin Technology Co. Ltd.
Phononic Inc.
INHECO Industrial Heating & Cooling GmbH
Kyocera Corporation
Align Sourcing Inc.
HiTECH Technologies Inc.
Thermonamic Electronics (Jiangxi) Corp., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Model:
Single Stage
Multi Stage
By Type:
Bulk Thermoelectric Modules
Micro Thermoelectric Modules
Thin-Film Thermoelectric Modules
By Functionality:
General Purpose
Deep Cooling
By Offering:
Hardware
Services
By End-Use Application:
Consumer Electronics
Industrial
Telecommunications
Autmomotive
Medical & Laboratories
Aerospace & Defense
Oil & Gas and Mining
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Thermoelectric Modules Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Thermoelectric Modules Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Thermoelectric Modules Market, by Model, 2020-2028 (USD Million)
1.2.3. Global Thermoelectric Modules Market, by Type, 2020-2028 (USD Million)
1.2.4. Global Thermoelectric Modules Market, by Functionality, 2020-2028 (USD Million)
1.2.5. Global Thermoelectric Modules Market, by Offering, 2020-2028 (USD Million)
1.2.6. Global Thermoelectric Modules Market, by End-Use Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermoelectric Modules Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermoelectric Modules Market Dynamics
3.1. Thermoelectric Modules Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growth of electric & luxury vehicles increasing demand for TEMs
3.1.1.2. Rising use of TEMs over conventional systems
3.1.2. Market Challenges
3.1.2.1. High costs compared to traditional heating/cooling systems
3.1.2.2. Inherent disadvantages and design complexities
3.1.3. Market Opportunities
3.1.3.1. Development of TEMs for new application areas
3.1.3.2. Rising demand for thermoelectric coolers for storage and transport
Chapter 4. Global Thermoelectric Modules Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Thermoelectric Modules Market, by Model
6.1. Market Snapshot
6.2. Global Thermoelectric Modules Market by Model, Performance - Potential Analysis
6.3. Global Thermoelectric Modules Market Estimates & Forecasts by Model 2018-2028 (USD Million)
6.4. Thermoelectric Modules Market, Sub Segment Analysis
6.4.1. Single Stage
6.4.2. Multi Stage
Chapter 7. Global Thermoelectric Modules Market, by Type
7.1. Market Snapshot
7.2. Global Thermoelectric Modules Market by Type, Performance - Potential Analysis
7.3. Global Thermoelectric Modules Market Estimates & Forecasts by Type 2018-2028 (USD Million)
7.4. Thermoelectric Modules Market, Sub Segment Analysis
7.4.1. Bulk Thermoelectric Modules
7.4.2. Micro Thermoelectric Modules
7.4.3. Thin-Film Thermoelectric Modules
Chapter 8. Global Thermoelectric Modules Market, by Functionality
8.1. Market Snapshot
8.2. Global Thermoelectric Modules Market by Functionality, Performance - Potential Analysis
8.3. Global Thermoelectric Modules Market Estimates & Forecasts by Functionality 2018-2028 (USD Million)
8.4. Thermoelectric Modules Market, Sub Segment Analysis
8.4.1. General Purpose
8.4.2. Deep Cooling
Chapter 9. Global Thermoelectric Modules Market, by Offering
9.1. Market Snapshot
9.2. Global Thermoelectric Modules Market by Offering, Performance - Potential Analysis
9.3. Global Thermoelectric Modules Market Estimates & Forecasts by Offering 2018-2028 (USD Million)
9.4. Thermoelectric Modules Market, Sub Segment Analysis
9.4.1. Hardware
9.4.2. Services
Chapter 10. Global Thermoelectric Modules Market, by End-Use Application
10.1. Market Snapshot
10.2. Global Thermoelectric Modules Market by End-Use Application, Performance - Potential Analysis
10.3. Global Thermoelectric Modules Market Estimates & Forecasts by End-Use Application 2018-2028 (USD Million)
10.4. Thermoelectric Modules Market, Sub Segment Analysis
10.4.1. Consumer Electronics
10.4.2. Industrial
10.4.3. Telecommunications
10.4.4. Autmomotive
10.4.5. Medical & Laboratories
10.4.6. Aerospace & Defense
10.4.7. Oil & Gas and Mining
Chapter 11. Global Thermoelectric Modules Market, Regional Analysis
11.1. Thermoelectric Modules Market, Regional Market Snapshot
11.2. North America Thermoelectric Modules Market
11.2.1. U.S. Thermoelectric Modules Market
11.2.1.1. Model estimates & forecasts, 2018-2028
11.2.1.2. Type estimates & forecasts, 2018-2028
11.2.1.3. Functionality estimates & forecasts, 2018-2028
11.2.1.4. Offering estimates & forecasts, 2018-2028
11.2.1.5. End-Use Application estimates & forecasts, 2018-2028
11.2.2. Canada Thermoelectric Modules Market
11.3. Europe Thermoelectric Modules Market Snapshot
11.3.1. U.K. Thermoelectric Modules Market
11.3.2. Germany Thermoelectric Modules Market
11.3.3. France Thermoelectric Modules Market
11.3.4. Spain Thermoelectric Modules Market
11.3.5. Italy Thermoelectric Modules Market
11.3.6. Rest of Europe Thermoelectric Modules Market
11.4. Asia-Pacific Thermoelectric Modules Market Snapshot
11.4.1. China Thermoelectric Modules Market
11.4.2. India Thermoelectric Modules Market
11.4.3. Japan Thermoelectric Modules Market
11.4.4. Australia Thermoelectric Modules Market
11.4.5. South Korea Thermoelectric Modules Market
11.4.6. Rest of Asia Pacific Thermoelectric Modules Market
11.5. Latin America Thermoelectric Modules Market Snapshot
11.5.1. Brazil Thermoelectric Modules Market
11.5.2. Mexico Thermoelectric Modules Market
11.6. Rest of The World Thermoelectric Modules Market
Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Ferrotec Holdings Corporation
12.2.1.1. Key Information
12.2.1.2. Overview
12.2.1.3. Financial (Subject to Data Availability)
12.2.1.4. Model Summary
12.2.1.5. Recent Developments
12.2.2. II-VI Incorporated
12.2.3. Laird Thermal Systems Inc.
12.2.4. Guangdong Fuxin Technology Co. Ltd.
12.2.5. Phononic Inc.
12.2.6. INHECO Industrial Heating & Cooling GmbH
12.2.7. Kyocera Corporation
12.2.8. Align Sourcing Inc.
12.2.9. HiTECH Technologies Inc.
12.2.10. Thermonamic Electronics (Jiangxi) Corp., Ltd.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption
TABLE 1. Global Thermoelectric Modules market, report scope
TABLE 2. Global Thermoelectric Modules market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Thermoelectric Modules market estimates & forecasts by Model 2018-2028 (USD Million)
TABLE 4. Global Thermoelectric Modules market estimates & forecasts by Type 2018-2028 (USD Million)
TABLE 5. Global Thermoelectric Modules market estimates & forecasts by Functionality 2018-2028 (USD Million)
TABLE 6. Global Thermoelectric Modules market estimates & forecasts by Offering 2018-2028 (USD Million)
TABLE 7. Global Thermoelectric Modules market estimates & forecasts by End-Use Application 2018-2028 (USD Million)
TABLE 8. Global Thermoelectric Modules market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Thermoelectric Modules market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Thermoelectric Modules market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Thermoelectric Modules market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Thermoelectric Modules market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Thermoelectric Modules market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Thermoelectric Modules market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Thermoelectric Modules market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. Global Thermoelectric Modules market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. Global Thermoelectric Modules market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 18. U.S. Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 19. U.S. Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 20. U.S. Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 21. Canada Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 22. Canada Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 23. Canada Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 24. UK Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 25. UK Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 26. UK Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 27. Germany Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 28. Germany Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 29. Germany Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 30. RoE Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 31. RoE Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 32. RoE Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 33. China Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 34. China Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 35. China Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 36. India Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 37. India Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 38. India Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 39. Japan Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 40. Japan Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 41. Japan Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 42. RoAPAC Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 43. RoAPAC Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 44. RoAPAC Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 45. Brazil Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 46. Brazil Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 47. Brazil Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 48. Mexico Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 49. Mexico Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 50. Mexico Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 51. RoLA Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 52. RoLA Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 53. RoLA Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 54. Row Thermoelectric Modules market estimates & forecasts, 2018-2028 (USD Million)
TABLE 55. Row Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 56. Row Thermoelectric Modules market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 57. List of secondary sources, used in the study of global Thermoelectric Modules market
TABLE 58. List of primary sources, used in the study of global Thermoelectric Modules market
TABLE 59. Years considered for the study
TABLE 60. Exchange rates considered
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