Thermoelectric Modules Market Growth, Size, Trends, Revenue, Demand, Share and Future Outlook

Thermoelectric Modules Market Size- By Model, By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Thermoelectric Modules Market Size- By Model, By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jan 2024 Report ID: SEMI2403 Pages: 1 - 228 Formats*:     
Category : Semiconductor and Electronics
Thermoelectric Modules Market Introduction and Overview 

According to SPER Market Research, the Global Thermoelectric Modules Market is estimated to reach USD 0.76 billion by 2033 with a CAGR of 12.21%.

The report includes an in-depth analysis of the Global Thermoelectric Modules Market, including market size and trends, product mix, applications, and supplier analysis. Thermoelectric (TE) modules, sometimes referred to as thermoelectric coolers or Peltier coolers, are semiconductor-based electrical parts that move heat from one side of the device to the other like tiny heat pumps. Peltier thermoelectric coolers exploit the difference in temperature between the module's two sides to produce power. Thermoelectric Peltier modules, which handle thermal concerns in car infotainment systems and heads-up displays (HUDs), improve thermal insulation of critical electronics to guarantee maximum performance. Thermoelectric technology maximizes the operation of each sensitive equipment by keeping it operating within its temperature range.

  • July 2021: The improved OptoTEC OTX/HTX Series of tiny thermoelectric coolers was introduced by Laird Thermal Systems and is intended for high-temperature settings encountered in industrial, photonics, telecom, and autonomous applications. The OptoTEC OTX/HTX Series, which uses next-generation thermoelectric materials, outperforms conventional thermoelectric coolers in terms of efficiency, temperature difference, and cooling capacity, offering a 10% increase.
  • July 2020: TEC Microsystems produced the new 1MA10 Series of thermoelectric coolers, featuring aluminum plates instead of ceramics. Instead of ceramic plates, all 1MA10 thermoelectric coolers use bare metal aluminum plates. The key to TEC manufacturing is the use of aluminum rather than ceramics.
Thermoelectric Modules Market
Market Opportunities and Challenges
Over the past 20 years, there has been a rise in the need for renewable energy. Finding affordable and environmentally friendly alternative energy producing technology is therefore becoming more and more important. One method of producing electricity without using fuel is thermoelectric technology, which converts heat directly into electrical power. A thermoelectric cooler's main function is to use electricity to transfer heat and chill a surface. The temperature difference between the surfaces can be used to generate electricity by flipping the process. The market for thermoelectric modules is expanding due to the various uses for these modules. The global market for thermoelectric modules may not grow as quickly as it could due to factors like low efficiency and high cost. Because they are unable to use the technology, small and medium-sized businesses have suffered as a result. Its high maintenance and repair costs would further impede the market expansion for thermoelectric modules.
Thermoelectric Modules Market


Market Competitive Landscape
The global demand for thermoelectric modules is met by a small number of players in a consolidated market. Leading industry participants have employed diverse approaches, including procurement, contracting, business growth, business extension, cooperation and product introduction, novelty, and product extension, to enhance their presence in the thermoelectric module industry. Crystal Ltd., Ferrotec Corporation, II-VI Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology Inc., TEC Microsystems GmbH, Thermonamic Electronics (Jiangxi) Corp. Ltd. are some of the major companies involved in the Global Thermoelectric Modules Market.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Model, By Type, By End User.
 Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

 Companies CoveredCrystal Ltd., Ferrotec Corporation, II-VI Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology Inc., TEC Microsystems GmbH, Thermonamic Electronics (Jiangxi) Corp. Ltd. 
COVID-19 Impact on Global Thermoelectric Modules Market
The manufacture of thermoelectric coolers was severely impacted by the closure of semiconductor and electronics equipment manufacturing after the global lockdown due to COVID-19 pandemic. The necessity for thermoelectric coolers arose from the various vaccination campaigns launched by local government entities to combat COVID-19. These campaigns raised the need for cold storage to hold vaccines. Additionally, as more IT and telecom workers worked remotely, the need for servers and data centres expanded, driving up the market for thermoelectric coolers in the IT and telecom sector. Certain opportunities for thermoelectric cooler modules led to an increase in revenue creation progressively as many counties intended to reopen for businesses. 

Key Target Audience:
  • Lubricant Manufacturers and Suppliers
  • Oil and Gas Companies, 
  • Investors and Financial Analyst.
Our in-depth analysis of the Thermoelectric Modules Market includes the following segments:
By Model:
  • Multi Stage
  • Single Stage
  • By Type:
  • Bulk
  • Micro
  • Thin Film
  • By End User:
  • Aerospace and Defense
  • Automotive
  • Consumer Electronic
  • Healthcare
  • IT and Telecom
  • Manufacturing and Industrial
  • Oil and Gas
  • Key Topics Covered in the Report:
    • Global Thermoelectric Modules Market Size (FY’2023-FY’2033)
    • Overview of Global Thermoelectric Modules Market.
    • Segmentation of Global Thermoelectric Modules Market By Model (Multi Stage, Single Stage).
    • Segmentation of Global Thermoelectric Modules Market By Type (Bulk, Micro, Thin Film).
    • Segmentation of Global Thermoelectric Modules Market By End User (Aerospace and Defense, Automotive, Consumer Electronic, Healthcare, IT and Telecom, Manufacturing and Industrial, Oil and Gas, Others).
    • Statistical Snap of Global Thermoelectric Modules Market
    • Expansion Analysis of Global Thermoelectric Modules Market
    • Problems and Obstacles in Global Thermoelectric Modules Market 
    • Competitive Landscape in the Global Thermoelectric Modules Market 
    • Impact of COVID-19 and Demonetization on Global Thermoelectric Modules Market
    •  Details on Current Investment in Global Thermoelectric Modules Market 
    • Competitive Analysis of Global Thermoelectric Modules Market 
    • Prominent Players in the Global Thermoelectric Modules Market 
    • SWOT Analysis of Global Thermoelectric Modules Market 
    • Global Thermoelectric Modules Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts on the Global Thermoelectric Modules Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Thermoelectric Modules Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Thermoelectric Modules Market 

    7. Global Thermoelectric Modules Market, By Model (USD Million)
    7.1. Global Thermoelectric Modules Market Value Share and Forecast, By Model, 2023-2033
    7.2.  Multi Stage
    7.3.  Single Stage

    8. Global Thermoelectric Modules Market, By Type (USD Million)
    8.1. Global Thermoelectric Modules Market Value Share and Forecast, By Sales Channel, 2023-2033
    8.2.  Bulk
    8.3. Micro
    8.4. Thin Film

    9. Global Thermoelectric Modules Market, By End User (USD Million)
    9.1.  Global Thermoelectric Modules Market Value Share and Forecast, By Engine Type, 2023-2033
    9.2.  Aerospace and Defense
    9.3.  Automotive
    9.4.  Consumer Electronic
    9.5.  Healthcare
    9.6.  IT and Telecom
    9.7.  Manufacturing and Industrial
    9.8.  Oil and Gas 
    9.9.  Others

    10. Global Thermoelectric Modules Market Forecast, 2019-2033 (USD Million)
    10.1. Global Thermoelectric Modules Market Size and Market Share

    11. Global Thermoelectric Modules Market, By Model 2019-2033 (USD Million)
    11.1. Global Thermoelectric Modules Market Size and Market Share by Model (2019-2026)
    11.2. Global Thermoelectric Modules Market Size and Market Share by Model (2027-2033)

    12. Global Thermoelectric Modules Market, By Type, 2019-2033 (USD Million)
    12.1. Global Thermoelectric Modules Market Size and Market Share by Type (2019-2026)
    12.2. Global Thermoelectric Modules Market Size and Market Share by Type (2027-2033)

    13. Global Thermoelectric Modules Market, By End User, 2019-2033 (USD Million)
    13.1. Global Thermoelectric Modules Market Size and Market Share by End User (2019-2026)
    13.2. Global Thermoelectric Modules Market Size and Market Share by End User (2027-2033)

    14. Global Thermoelectric Modules Market, By Region, 2019-2033 (USD Million)
    14.1. Global Thermoelectric Modules Market Size and Market Share by Region (2019-2026)
    14.2. Global Thermoelectric Modules Market Size and Market Share by Region (2027-2033) 
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America 

    15. Company Profile
    15.1. Crystal Ltd.
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Ferrotec Corporation
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. II-VI Incorporated
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. KELK Ltd. 
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. KRYOTHERM
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Laird Technologies 
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. RMT Ltd.
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. TE Technology Inc.
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. TEC Microsystems GmbH
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Thermonamic Electronics (Jiangxi) Corp. Ltd.
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Others 
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Over the past 20 years, there has been a rise in the need for renewable energy. Finding affordable and environmentally friendly alternative energy producing technology is therefore becoming more and more important.
    Thermoelectric Modules Market is projected to reach USD 0.76 billion by 2033, growing at a CAGR of 12.21% during the forecast period.
    Thermoelectric Modules Market size from 2022. The Market is expected to reach USD 0.76 billion by 2033, at a CAGR of 12.21% during the forecast period.
    Thermoelectric Modules Market CAGR of 12.21% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Thermoelectric Modules Market size is USD 0.76 billion from 2023 to 2033.
    "Thermoelectric Modules Market Segment is covered By Model, By Type, By End User.."
    The North America and Africa is anticipated to have the highest market share in the Thermoelectric Modules Market .
    "The key players in the market include Companies Covered Crystal Ltd., Ferrotec Corporation, II-VI Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology Inc., TEC Microsystems GmbH, Thermonamic Electronics (Jiangxi) Corp. Ltd. "
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