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2023
Thermoelectric Modules Market

Thermoelectric Modules Market

by Model (Single Stage, Multi Stage), by Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules, Thin-Film Thermoelectric Modules), by End-Use Application (Aerospace and Defense, Automotive, Consumer Electronics, Healthcare, Food and Beverage, Energy and Utility, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

SE : Electronic Systems and Devices
Report Code: A13037
Jan 2023 | Pages: 227
Tables: 121
Charts: 57

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Thermoelectric Modules Market Research, 2031

The global thermoelectric modules market was valued at $615.2 million in 2021, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

Thermoelectric (TE) modules, also known as thermoelectric coolers or peltier coolers, are semiconductor-based electronic components that act as miniature heat pumps to transport heat from one side of the device to the other. Peltier thermoelectric coolers are used to generate electricity by utilizing the temperature difference between the two sides of the module. For example, in March 2021, Yamaha Corporation developed a thermoelectric power production module using automotive exhaust gas heat energy to generate power. 

Thermoelectric Peltier modules provide improved thermal insulation of vital electronics to ensure optimal performance while addressing thermal issues in vehicle heads-up displays (HUDs) and infotainment systems. The complexity of operations of these newly developed intelligent autonomous systems is rising while their size and weight are reducing, which amplifies the heat flux density and thermal issues in autonomous electronics. The thermoelectric technology helps operate each sensitive device within its temperature range and optimizes its performance.  

 

The thermoelectric modules market has been severely impacted by the outbreak of the COVID-19 pandemic. With governments of several nations imposing and extending lockdowns, production and manufacturing facilities across the globe have been shut down, owing to crisis and unavailability of the workforce. Considering the inputs from various industry experts belonging to the various stages of the value chain, such as OEMs, suppliers, integrators, end users, and distributors, and the financial release of various companies in the thermoelectric modules ecosystem, it is calculated that the market has experienced a decline during 2019–2020. Furthermore, the outbreak of the pandemic has disrupted the global supply chain, thereby creating significant gap in supply chain. Economic impact of the pandemic has been disruptive. Key players operating in the thermoelectric modules industry temporarily witnessed a slowdown, owing to lack of availability of skilled professional to develop thermoelectric modules market solutions, which has led to decline in revenues for the financial year 2020 to 2021. However, it is expected that the market will recover from 2021 and remain in the growth stage during the forecast period.

 

Thermoelectric Modules Market

The thermoelectric modules market is segmented into Model, Type, and End-Use Application.

Thermoelectric Modules Market

Based on the model, the market is divided into single stage and multi stage. Single stage segment was the highest revenue contributor in the thermoelectric modules market analysis.

Thermoelectric Modules Market

On the basis of type, the market is classified into bulk thermoelectric modules, micro thermoelectric modules, and thin-film thermoelectric modules. The bulk thermoelectric modules segment highly impacted the thermoelectric modules market share.

Thermoelectric Modules Market

By end-use application, the thermoelectric modules industry is categorized into aerospace & defense, automotive, consumer electronics, healthcare, food & beverage, energy & utility, and others. The consumer electronics segment was the highest revenue contributor to the market during the thermoelectric modules market forecast.

Thermoelectric Modules Market

Region-wise, the thermoelectric modules market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the global thermoelectric modules market overview. Major organizations and government institutions in the country are intensely putting resources into technology. 

Thermoelectric modules are used in a variety of industries including automotive, consumer, electronics, aerospace and defense, medical & laboratory, oil & gas, power & energy, food & beverage, metals & mining, and telecommunications. A key growth area of the market is the medical device industry due to the increasing need for high-performance devices, both large and small, for therapeutic and analytical purposes. Medical electronic equipment includes medical equipment, medical diagnostic tools, and monitoring equipment. These devices, including surgical instruments and automated immunoassay analyzers, require greater precision, reliability, and efficiency in terms of thermal performance. To achieve this, medical device designers have introduced passive thermal control systems that include heat pipes and vapor chambers. Additionally, designers can ensure consistent temperature control and increase device power levels without increasing operating temperatures. Therefore, medical devices use heat pipes, medical chillers, and vapor chambers as thermal management solutions. Hence, this is expected to increase the demand for thermoelectric element in the coming years.   

Country-wise, the U.S. acquired a prime share in the thermoelectric module market in the North American region and is expected to grow at a significant CAGR during the forecast period of 2019-2031. The U.S., holds a dominant position in the thermoelectric module market, owing to the rise in investment by prime vendors to boost the smart thermoelectric module solutions for consumer electronics and IT and telecom applications.  

In Europe, the UK, dominated the thermoelectric module market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's thermoelectric module with a notable CAGR, due to advancement in the automotive industry which drives the usage of microelectronics in the country and thus creates lucrative growth opportunities for the thermoelectric module market in Germany.   

In Asia-Pacific, China is expected to emerge as a significant market for the thermoelectric module industry, owing to a significant rise in investment by prime players and government institutions in semiconductor research and chip start-up development, to boost smart infrastructure across industrial and manufacturing sectors.   

In LAMEA region, the Latin America country garner significant market share in 2021 due to the adoption of new technologies, digital transformation and connectivity are reshaping the future of the automotive and the consumer electronics industry in Latin America. Moreover, the Middle East region is expected to grow at a significant CAGR from 2022 to 2031, owing to shifts in artificial intelligence, industry 4.0, and smart technological changes in recent years, which is expected to reshape the growth of compound the semiconductor market in the Middle East.  

TOP IMPACTING FACTORS  

Significant factors such as thermoelectric modules' ability to simultaneously heat and cool drive demand for a wide range of applications and increase demand for precise temperature control of medical devices, imaging, and diagnostic systems, which impact the growth of the thermoelectric modules market size globally. In addition, increased demand for luxury vehicles could trigger thermoelectric modules market growth. The world market is, however, severely constrained by the higher cost than traditional heating and cooling systems. Contrarily, it is projected that during the forecast period, the creation of thermoelectric modules for new application areas would present profitable opportunities for the thermoelectric modules industry. 

COMPETITIVE ANALYSIS   

II-VI Incorporated, Laird Thermal Systems, TE Technology Inc., TEC Microsystem GmbH, and Kryotherm are the top 5 companies holding a prime share in the thermoelectric module market. Top market players have adopted various strategies, such as acquisition, agreement, business development, business expansion, collaboration, product launch, innovation, and product expansion to expand their foothold in the thermoelectric module market.  

  • In July 2021, Laird Thermal Systems launched the enhanced OptoTEC OTX/HTX Series of miniature thermoelectric coolers, designed for high-temperature environments found in telecom, industrial, autonomous, and photonics applications. Featuring next-generation thermoelectric materials, the OptoTEC OTX/HTX Series offers a 10% boost in cooling capacity, greater temperature differential, and higher efficiency than standard thermoelectric coolers.  

  • In July 2020, TEC Microsystems developed the new 1MA10 Series of thermoelectric coolers, with aluminum plates instead of ceramics. All 1MA10 thermoelectric coolers have bare metal, aluminum plates instead of ceramics. Aluminum instead of ceramics is the key approach in TEC manufacturing.  

KEY BENEFITS FOR STAKEHOLDERS  

  • This study comprises analytical depiction of the thermoelectric module market size along with the current trends and future estimations to depict the imminent investment pockets.  

  • The overall thermoelectric module market analysis is determined to understand the profitable trends to gain a stronger foothold.  

  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.  

  • The thermoelectric module market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.  

  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.  

  • The report includes the share of key vendors and market trends. 

 Thermoelectric Modules Market Report Highlights

Aspects Details
Market Size By 2031 USD 1.3 billion
Growth Rate CAGR of 8.3%
Forecast period 2021 - 2031
Report Pages 227
By End-Use Application
  • Energy and Utility
  • Others
  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Food and Beverage
By Model
  • Single Stage
  • Multi Stage
By Type
  • Bulk Thermoelectric Modules
  • Micro Thermoelectric Modules
  • Thin-Film Thermoelectric Modules
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Ferrotec Corporation, TE Technology Inc., Phononic Devices, Guangdong Fuxin Technology, KELK Ltd., Laird Thermal Systems, Crystal Ltd., kryotherm, II-VI Incorporated, TEC Microsystem GmbH

Analyst Review

The thermoelectric modules market is expected to grow at a significant rate as the usage of thermoelectric modules is increasing as a result of their many benefits, including highly precise temperature control, heating & cooling with a single module (including temperature cycling), low maintenance, small size, and lightweight. Smart gadgets, device downsizing, portable medical devices, smart wearable devices, autonomous vehicles, IoT ecosystems, and Industry 4.0 are key technologies for the creation of better thermoelectric modules and thermoelectric Peltier modules. As a result, it is predicted that throughout the course of the forecast period, a rise in demand for faster temperature sensing & regulating with improved sensitivity in consumer appliances, medicinal devices, and optical elements is expected to propel the thermoelectric modules market. 

The thermoelectric modules market has steadily gained traction owing to a rise in demand for enhanced technologies in different industrial applications, including automotive, consumer, electronics, aerospace & defense, medical & laboratory, oil & gas, power & energy, food & beverage, metals & mining, and telecommunications. 

 

  • CHAPTER 1: INTRODUCTION

    • 1.1. Report description

    • 1.2. Key market segments

    • 1.3. Key benefits to the stakeholders

    • 1.4. Research Methodology

      • 1.4.1. Primary research

      • 1.4.2. Secondary research

      • 1.4.3. Analyst tools and models

  • CHAPTER 2: EXECUTIVE SUMMARY

    • 2.1. CXO Perspective

  • CHAPTER 3: MARKET OVERVIEW

    • 3.1. Market definition and scope

    • 3.2. Key findings

      • 3.2.1. Top impacting factors

      • 3.2.2. Top investment pockets

    • 3.3. Porter’s five forces analysis

      • 3.3.1. Moderate bargaining power of suppliers

      • 3.3.2. Moderate threat of new entrants

      • 3.3.3. Moderate to high threat of substitutes

      • 3.3.4. Moderate to high intensity of rivalry

      • 3.3.5. Moderate to high bargaining power of buyers

    • 3.4. Market dynamics

      • 3.4.1. Drivers

        • 3.4.1.1. Surge in demand for luxury vehicles could trigger thermoelectric module market growth.
        • 3.4.1.2. Thermoelectric modules simultaneous heating and cooling capabilities are generating demand for a variety of applications.
        • 3.4.1.3. Increase in Demand for Precise Temperature Control of Medical Devices, Imaging, and Diagnostic Systems.

      • 3.4.2. Restraints

        • 3.4.2.1. Higher cost than traditional heating and cooling systems

      • 3.4.3. Opportunities

        • 3.4.3.1. The creation of thermoelectric modules for new application areas

    • 3.5. COVID-19 Impact Analysis on the market

  • CHAPTER 4: THERMOELECTRIC MODULES MARKET, BY MODEL

    • 4.1. Overview

      • 4.1.1. Market size and forecast

    • 4.2. Single Stage

      • 4.2.1. Key market trends, growth factors and opportunities

      • 4.2.2. Market size and forecast, by region

      • 4.2.3. Market share analysis by country

    • 4.3. Multi Stage

      • 4.3.1. Key market trends, growth factors and opportunities

      • 4.3.2. Market size and forecast, by region

      • 4.3.3. Market share analysis by country

  • CHAPTER 5: THERMOELECTRIC MODULES MARKET, BY TYPE

    • 5.1. Overview

      • 5.1.1. Market size and forecast

    • 5.2. Bulk Thermoelectric Modules

      • 5.2.1. Key market trends, growth factors and opportunities

      • 5.2.2. Market size and forecast, by region

      • 5.2.3. Market share analysis by country

    • 5.3. Micro Thermoelectric Modules

      • 5.3.1. Key market trends, growth factors and opportunities

      • 5.3.2. Market size and forecast, by region

      • 5.3.3. Market share analysis by country

    • 5.4. Thin-Film Thermoelectric Modules

      • 5.4.1. Key market trends, growth factors and opportunities

      • 5.4.2. Market size and forecast, by region

      • 5.4.3. Market share analysis by country

  • CHAPTER 6: THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION

    • 6.1. Overview

      • 6.1.1. Market size and forecast

    • 6.2. Aerospace and Defense

      • 6.2.1. Key market trends, growth factors and opportunities

      • 6.2.2. Market size and forecast, by region

      • 6.2.3. Market share analysis by country

    • 6.3. Automotive

      • 6.3.1. Key market trends, growth factors and opportunities

      • 6.3.2. Market size and forecast, by region

      • 6.3.3. Market share analysis by country

    • 6.4. Consumer Electronics

      • 6.4.1. Key market trends, growth factors and opportunities

      • 6.4.2. Market size and forecast, by region

      • 6.4.3. Market share analysis by country

    • 6.5. Healthcare

      • 6.5.1. Key market trends, growth factors and opportunities

      • 6.5.2. Market size and forecast, by region

      • 6.5.3. Market share analysis by country

    • 6.6. Food and Beverage

      • 6.6.1. Key market trends, growth factors and opportunities

      • 6.6.2. Market size and forecast, by region

      • 6.6.3. Market share analysis by country

    • 6.7. Energy and Utility

      • 6.7.1. Key market trends, growth factors and opportunities

      • 6.7.2. Market size and forecast, by region

      • 6.7.3. Market share analysis by country

    • 6.8. Others

      • 6.8.1. Key market trends, growth factors and opportunities

      • 6.8.2. Market size and forecast, by region

      • 6.8.3. Market share analysis by country

  • CHAPTER 7: THERMOELECTRIC MODULES MARKET, BY REGION

    • 7.1. Overview

      • 7.1.1. Market size and forecast By Region

    • 7.2. North America

      • 7.2.1. Key trends and opportunities

      • 7.2.2. Market size and forecast, by Model

      • 7.2.3. Market size and forecast, by Type

      • 7.2.4. Market size and forecast, by End-Use Application

      • 7.2.5. Market size and forecast, by country

        • 7.2.5.1. U.S.
          • 7.2.5.1.1. Key market trends, growth factors and opportunities
          • 7.2.5.1.2. Market size and forecast, by Model
          • 7.2.5.1.3. Market size and forecast, by Type
          • 7.2.5.1.4. Market size and forecast, by End-Use Application
        • 7.2.5.2. Canada
          • 7.2.5.2.1. Key market trends, growth factors and opportunities
          • 7.2.5.2.2. Market size and forecast, by Model
          • 7.2.5.2.3. Market size and forecast, by Type
          • 7.2.5.2.4. Market size and forecast, by End-Use Application
        • 7.2.5.3. Mexico
          • 7.2.5.3.1. Key market trends, growth factors and opportunities
          • 7.2.5.3.2. Market size and forecast, by Model
          • 7.2.5.3.3. Market size and forecast, by Type
          • 7.2.5.3.4. Market size and forecast, by End-Use Application

    • 7.3. Europe

      • 7.3.1. Key trends and opportunities

      • 7.3.2. Market size and forecast, by Model

      • 7.3.3. Market size and forecast, by Type

      • 7.3.4. Market size and forecast, by End-Use Application

      • 7.3.5. Market size and forecast, by country

        • 7.3.5.1. UK
          • 7.3.5.1.1. Key market trends, growth factors and opportunities
          • 7.3.5.1.2. Market size and forecast, by Model
          • 7.3.5.1.3. Market size and forecast, by Type
          • 7.3.5.1.4. Market size and forecast, by End-Use Application
        • 7.3.5.2. Germany
          • 7.3.5.2.1. Key market trends, growth factors and opportunities
          • 7.3.5.2.2. Market size and forecast, by Model
          • 7.3.5.2.3. Market size and forecast, by Type
          • 7.3.5.2.4. Market size and forecast, by End-Use Application
        • 7.3.5.3. France
          • 7.3.5.3.1. Key market trends, growth factors and opportunities
          • 7.3.5.3.2. Market size and forecast, by Model
          • 7.3.5.3.3. Market size and forecast, by Type
          • 7.3.5.3.4. Market size and forecast, by End-Use Application
        • 7.3.5.4. Rest of Europe
          • 7.3.5.4.1. Key market trends, growth factors and opportunities
          • 7.3.5.4.2. Market size and forecast, by Model
          • 7.3.5.4.3. Market size and forecast, by Type
          • 7.3.5.4.4. Market size and forecast, by End-Use Application

    • 7.4. Asia-Pacific

      • 7.4.1. Key trends and opportunities

      • 7.4.2. Market size and forecast, by Model

      • 7.4.3. Market size and forecast, by Type

      • 7.4.4. Market size and forecast, by End-Use Application

      • 7.4.5. Market size and forecast, by country

        • 7.4.5.1. China
          • 7.4.5.1.1. Key market trends, growth factors and opportunities
          • 7.4.5.1.2. Market size and forecast, by Model
          • 7.4.5.1.3. Market size and forecast, by Type
          • 7.4.5.1.4. Market size and forecast, by End-Use Application
        • 7.4.5.2. Japan
          • 7.4.5.2.1. Key market trends, growth factors and opportunities
          • 7.4.5.2.2. Market size and forecast, by Model
          • 7.4.5.2.3. Market size and forecast, by Type
          • 7.4.5.2.4. Market size and forecast, by End-Use Application
        • 7.4.5.3. India
          • 7.4.5.3.1. Key market trends, growth factors and opportunities
          • 7.4.5.3.2. Market size and forecast, by Model
          • 7.4.5.3.3. Market size and forecast, by Type
          • 7.4.5.3.4. Market size and forecast, by End-Use Application
        • 7.4.5.4. South Korea
          • 7.4.5.4.1. Key market trends, growth factors and opportunities
          • 7.4.5.4.2. Market size and forecast, by Model
          • 7.4.5.4.3. Market size and forecast, by Type
          • 7.4.5.4.4. Market size and forecast, by End-Use Application
        • 7.4.5.5. Rest of Asia-Pacific
          • 7.4.5.5.1. Key market trends, growth factors and opportunities
          • 7.4.5.5.2. Market size and forecast, by Model
          • 7.4.5.5.3. Market size and forecast, by Type
          • 7.4.5.5.4. Market size and forecast, by End-Use Application

    • 7.5. LAMEA

      • 7.5.1. Key trends and opportunities

      • 7.5.2. Market size and forecast, by Model

      • 7.5.3. Market size and forecast, by Type

      • 7.5.4. Market size and forecast, by End-Use Application

      • 7.5.5. Market size and forecast, by country

        • 7.5.5.1. Latin America
          • 7.5.5.1.1. Key market trends, growth factors and opportunities
          • 7.5.5.1.2. Market size and forecast, by Model
          • 7.5.5.1.3. Market size and forecast, by Type
          • 7.5.5.1.4. Market size and forecast, by End-Use Application
        • 7.5.5.2. Middle East
          • 7.5.5.2.1. Key market trends, growth factors and opportunities
          • 7.5.5.2.2. Market size and forecast, by Model
          • 7.5.5.2.3. Market size and forecast, by Type
          • 7.5.5.2.4. Market size and forecast, by End-Use Application
        • 7.5.5.3. Africa
          • 7.5.5.3.1. Key market trends, growth factors and opportunities
          • 7.5.5.3.2. Market size and forecast, by Model
          • 7.5.5.3.3. Market size and forecast, by Type
          • 7.5.5.3.4. Market size and forecast, by End-Use Application

  • CHAPTER 8: COMPETITIVE LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Top player positioning, 2021

  • CHAPTER 9: COMPANY PROFILES

    • 9.1. Ferrotec Corporation

      • 9.1.1. Company overview

      • 9.1.2. Key Executives

      • 9.1.3. Company snapshot

      • 9.1.4. Operating business segments

      • 9.1.5. Product portfolio

      • 9.1.6. Business performance

    • 9.2. Laird Thermal Systems

      • 9.2.1. Company overview

      • 9.2.2. Key Executives

      • 9.2.3. Company snapshot

      • 9.2.4. Operating business segments

      • 9.2.5. Product portfolio

      • 9.2.6. Key strategic moves and developments

    • 9.3. II-VI Incorporated

      • 9.3.1. Company overview

      • 9.3.2. Key Executives

      • 9.3.3. Company snapshot

      • 9.3.4. Operating business segments

      • 9.3.5. Product portfolio

      • 9.3.6. Business performance

    • 9.4. KELK Ltd.

      • 9.4.1. Company overview

      • 9.4.2. Key Executives

      • 9.4.3. Company snapshot

      • 9.4.4. Operating business segments

      • 9.4.5. Product portfolio

      • 9.4.6. Business performance

    • 9.5. Guangdong Fuxin Technology

      • 9.5.1. Company overview

      • 9.5.2. Key Executives

      • 9.5.3. Company snapshot

      • 9.5.4. Operating business segments

      • 9.5.5. Product portfolio

    • 9.6. TE Technology Inc.

      • 9.6.1. Company overview

      • 9.6.2. Key Executives

      • 9.6.3. Company snapshot

      • 9.6.4. Operating business segments

      • 9.6.5. Product portfolio

    • 9.7. TEC Microsystem GmbH

      • 9.7.1. Company overview

      • 9.7.2. Key Executives

      • 9.7.3. Company snapshot

      • 9.7.4. Operating business segments

      • 9.7.5. Product portfolio

      • 9.7.6. Key strategic moves and developments

    • 9.8. Crystal Ltd.

      • 9.8.1. Company overview

      • 9.8.2. Key Executives

      • 9.8.3. Company snapshot

      • 9.8.4. Operating business segments

      • 9.8.5. Product portfolio

      • 9.8.6. Key strategic moves and developments

    • 9.9. kryotherm

      • 9.9.1. Company overview

      • 9.9.2. Key Executives

      • 9.9.3. Company snapshot

      • 9.9.4. Operating business segments

      • 9.9.5. Product portfolio

      • 9.9.6. Business performance

    • 9.10. Phononic Devices

      • 9.10.1. Company overview

      • 9.10.2. Key Executives

      • 9.10.3. Company snapshot

      • 9.10.4. Operating business segments

      • 9.10.5. Product portfolio

      • 9.10.6. Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 01. GLOBAL THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 02. THERMOELECTRIC MODULES MARKET FOR SINGLE STAGE, BY REGION, 2021-2031 ($MILLION)
    TABLE 03. THERMOELECTRIC MODULES MARKET FOR MULTI STAGE, BY REGION, 2021-2031 ($MILLION)
    TABLE 04. GLOBAL THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 05. THERMOELECTRIC MODULES MARKET FOR BULK THERMOELECTRIC MODULES, BY REGION, 2021-2031 ($MILLION)
    TABLE 06. THERMOELECTRIC MODULES MARKET FOR MICRO THERMOELECTRIC MODULES, BY REGION, 2021-2031 ($MILLION)
    TABLE 07. THERMOELECTRIC MODULES MARKET FOR THIN-FILM THERMOELECTRIC MODULES, BY REGION, 2021-2031 ($MILLION)
    TABLE 08. GLOBAL THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 09. THERMOELECTRIC MODULES MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2021-2031 ($MILLION)
    TABLE 10. THERMOELECTRIC MODULES MARKET FOR AUTOMOTIVE, BY REGION, 2021-2031 ($MILLION)
    TABLE 11. THERMOELECTRIC MODULES MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021-2031 ($MILLION)
    TABLE 12. THERMOELECTRIC MODULES MARKET FOR HEALTHCARE, BY REGION, 2021-2031 ($MILLION)
    TABLE 13. THERMOELECTRIC MODULES MARKET FOR FOOD AND BEVERAGE, BY REGION, 2021-2031 ($MILLION)
    TABLE 14. THERMOELECTRIC MODULES MARKET FOR ENERGY AND UTILITY, BY REGION, 2021-2031 ($MILLION)
    TABLE 15. THERMOELECTRIC MODULES MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
    TABLE 16. THERMOELECTRIC MODULES MARKET, BY REGION, 2021-2031 ($MILLION)
    TABLE 17. NORTH AMERICA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 18. NORTH AMERICA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 19. NORTH AMERICA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 20. NORTH AMERICA THERMOELECTRIC MODULES MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 21. U.S. THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 22. U.S. THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 23. U.S. THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 24. CANADA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 25. CANADA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 26. CANADA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 27. MEXICO THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 28. MEXICO THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 29. MEXICO THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 30. EUROPE THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 31. EUROPE THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 32. EUROPE THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 33. EUROPE THERMOELECTRIC MODULES MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 34. UK THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 35. UK THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 36. UK THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 37. GERMANY THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 38. GERMANY THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 39. GERMANY THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 40. FRANCE THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 41. FRANCE THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 42. FRANCE THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 43. REST OF EUROPE THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 44. REST OF EUROPE THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 45. REST OF EUROPE THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 46. ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 47. ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 48. ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 49. ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 50. CHINA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 51. CHINA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 52. CHINA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 53. JAPAN THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 54. JAPAN THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 55. JAPAN THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 56. INDIA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 57. INDIA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 58. INDIA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 59. SOUTH KOREA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 60. SOUTH KOREA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 61. SOUTH KOREA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 62. REST OF ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 63. REST OF ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 64. REST OF ASIA-PACIFIC THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 65. LAMEA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 66. LAMEA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 67. LAMEA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 68. LAMEA THERMOELECTRIC MODULES MARKET, BY COUNTRY, 2021-2031 ($MILLION)
    TABLE 69. LATIN AMERICA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 70. LATIN AMERICA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 71. LATIN AMERICA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 72. MIDDLE EAST THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 73. MIDDLE EAST THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 74. MIDDLE EAST THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 75. AFRICA THERMOELECTRIC MODULES MARKET, BY MODEL, 2021-2031 ($MILLION)
    TABLE 76. AFRICA THERMOELECTRIC MODULES MARKET, BY TYPE, 2021-2031 ($MILLION)
    TABLE 77. AFRICA THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION, 2021-2031 ($MILLION)
    TABLE 78. FERROTEC CORPORATION: KEY EXECUTIVES
    TABLE 79. FERROTEC CORPORATION: COMPANY SNAPSHOT
    TABLE 80. FERROTEC CORPORATION: PRODUCT SEGMENTS
    TABLE 81. FERROTEC CORPORATION: PRODUCT PORTFOLIO
    TABLE 82. LAIRD THERMAL SYSTEMS: KEY EXECUTIVES
    TABLE 83. LAIRD THERMAL SYSTEMS: COMPANY SNAPSHOT
    TABLE 84. LAIRD THERMAL SYSTEMS: PRODUCT SEGMENTS
    TABLE 85. LAIRD THERMAL SYSTEMS: PRODUCT PORTFOLIO
    TABLE 86. LAIRD THERMAL SYSTEMS: KEY STRATERGIES
    TABLE 87. II-VI INCORPORATED: KEY EXECUTIVES
    TABLE 88. II-VI INCORPORATED: COMPANY SNAPSHOT
    TABLE 89. II-VI INCORPORATED: PRODUCT SEGMENTS
    TABLE 90. II-VI INCORPORATED: PRODUCT PORTFOLIO
    TABLE 91. KELK LTD.: KEY EXECUTIVES
    TABLE 92. KELK LTD.: COMPANY SNAPSHOT
    TABLE 93. KELK LTD.: PRODUCT SEGMENTS
    TABLE 94. KELK LTD.: PRODUCT PORTFOLIO
    TABLE 95. GUANGDONG FUXIN TECHNOLOGY: KEY EXECUTIVES
    TABLE 96. GUANGDONG FUXIN TECHNOLOGY: COMPANY SNAPSHOT
    TABLE 97. GUANGDONG FUXIN TECHNOLOGY: PRODUCT SEGMENTS
    TABLE 98. GUANGDONG FUXIN TECHNOLOGY: PRODUCT PORTFOLIO
    TABLE 99. TE TECHNOLOGY INC.: KEY EXECUTIVES
    TABLE 100. TE TECHNOLOGY INC.: COMPANY SNAPSHOT
    TABLE 101. TE TECHNOLOGY INC.: PRODUCT SEGMENTS
    TABLE 102. TE TECHNOLOGY INC.: PRODUCT PORTFOLIO
    TABLE 103. TEC MICROSYSTEM GMBH: KEY EXECUTIVES
    TABLE 104. TEC MICROSYSTEM GMBH: COMPANY SNAPSHOT
    TABLE 105. TEC MICROSYSTEM GMBH: PRODUCT SEGMENTS
    TABLE 106. TEC MICROSYSTEM GMBH: PRODUCT PORTFOLIO
    TABLE 107. TEC MICROSYSTEM GMBH: KEY STRATERGIES
    TABLE 108. CRYSTAL LTD.: KEY EXECUTIVES
    TABLE 109. CRYSTAL LTD.: COMPANY SNAPSHOT
    TABLE 110. CRYSTAL LTD.: PRODUCT SEGMENTS
    TABLE 111. CRYSTAL LTD.: PRODUCT PORTFOLIO
    TABLE 112. CRYSTAL LTD.: KEY STRATERGIES
    TABLE 113. KRYOTHERM: KEY EXECUTIVES
    TABLE 114. KRYOTHERM: COMPANY SNAPSHOT
    TABLE 115. KRYOTHERM: PRODUCT SEGMENTS
    TABLE 116. KRYOTHERM: PRODUCT PORTFOLIO
    TABLE 117. PHONONIC DEVICES: KEY EXECUTIVES
    TABLE 118. PHONONIC DEVICES: COMPANY SNAPSHOT
    TABLE 119. PHONONIC DEVICES: PRODUCT SEGMENTS
    TABLE 120. PHONONIC DEVICES: PRODUCT PORTFOLIO
    TABLE 121. PHONONIC DEVICES: KEY STRATERGIES

  • LIST OF FIGURES

  • FIGURE 1. SEGMENTATION OF THERMOELECTRIC MODULES MARKET,2021-2031
    FIGURE 2.THERMOELECTRIC MODULES MARKET,2021-2031
    FIGURE 3. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 4.PORTER FIVE-1
    FIGURE 5.PORTER FIVE-2
    FIGURE 6.PORTER FIVE-3
    FIGURE 7.PORTER FIVE-4
    FIGURE 8.PORTER FIVE-5
    FIGURE 9.THERMOELECTRIC MODULES MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 10.THERMOELECTRIC MODULES MARKET,BY MODEL,2021(%)
    FIGURE 11.COMPARATIVE SHARE ANALYSIS OF SINGLE STAGE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 12.COMPARATIVE SHARE ANALYSIS OF MULTI STAGE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 13.THERMOELECTRIC MODULES MARKET,BY TYPE,2021(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF BULK THERMOELECTRIC MODULES THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 15.COMPARATIVE SHARE ANALYSIS OF MICRO THERMOELECTRIC MODULES THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF THIN-FILM THERMOELECTRIC MODULES THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 17.THERMOELECTRIC MODULES MARKET,BY END-USE APPLICATION,2021(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF AEROSPACE AND DEFENSE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF CONSUMER ELECTRONICS THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF HEALTHCARE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 22.COMPARATIVE SHARE ANALYSIS OF FOOD AND BEVERAGE THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ENERGY AND UTILITY THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF OTHERS THERMOELECTRIC MODULES MARKET, 2021 AND 2031(%)
    FIGURE 25.THERMOELECTRIC MODULES MARKET BY REGION,2021
    FIGURE 26.U.S. THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 27.CANADA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 28.MEXICO THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 29.UK THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 30.GERMANY THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 31.FRANCE THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 32.REST OF EUROPE THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 33.CHINA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 34.JAPAN THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 35.INDIA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 36.SOUTH KOREA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 37.REST OF ASIA-PACIFIC THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 38.LATIN AMERICA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 39.MIDDLE EAST THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 40.AFRICA THERMOELECTRIC MODULES MARKET,2021-2031($MILLION)
    FIGURE 41. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 42. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 43. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 44.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 45.COMPETITIVE DASHBOARD
    FIGURE 46.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 47.TOP PLAYER POSITIONING, 2021
    FIGURE 48.TEC MICROSYSTEM GMBH.: NET SALES ($MILLION)
    FIGURE 49.PHONONIC DEVICES.: NET SALES ($MILLION)
    FIGURE 50.FERROTEC CORPORATION.: NET SALES ($MILLION)
    FIGURE 51.LAIRD THERMAL SYSTEMS.: NET SALES ($MILLION)
    FIGURE 52.KELK LTD..: NET SALES ($MILLION)
    FIGURE 53.CRYSTAL LTD..: NET SALES ($MILLION)
    FIGURE 54.GUANGDONG FUXIN TECHNOLOGY.: NET SALES ($MILLION)
    FIGURE 55.KRYOTHERM.: NET SALES ($MILLION)
    FIGURE 56.II-VI INCORPORATED.: NET SALES ($MILLION)
    FIGURE 57.TE TECHNOLOGY INC..: NET SALES ($MILLION)

 
 

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FREQUENTLY ASKED QUESTIONS?

A. The thermoelectric modules market is expected to grow at a CAGR of 8.34% from 2022-2031.

A. Consumer electronics is the leading application of the thermoelectric modules market.

A. Asia-Pacific is the largest regional market for thermoelectric modules.

A. The industry size of thermoelectric modules is estimated to be $615.2 million in 2021.

A. Kryotherm, TE Technology Inc., II-VI Incorporated, TEC Microsystem GmbH, and Laird Thermal Systems are the top companies to hold the market share in the thermoelectric modules market.

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