Thermoelectric Module Market by Technology (Mobile Racking, Shuttle Racking, And Hybrid And Customized); By Material (Selective Pallet Rack, Narrow Aisle Rack, Drive-In Rack, Push-Back Rack, Gravity Flow Rack, Mezzanine, and Others); By Type (Up to 5 Ton , 5 To 10 Ton, 10 To 15 Ton, And Above 15 Ton); By Application (Cases & Boxes, Pipes & Panels, Tires, Drums & Pails, Rigid Sheets, Timber & Rolls, Trays & Crates, and Others); By End-User Industry (Packaging, Food & Beverages, Electrical & Elect

The Global Thermoelectric Module market was valued at $1,596 million by 2026, with a projected CAGR of 12.4% during the forecast period.

Market Overview

The Global Thermoelectric Module market was valued at $1,596 million by 2026, with a projected CAGR of 12.4% during the forecast period. A thermoelectric module operates electrically without any moving parts so they are virtually maintenance free and flexible in shape. Thermoelectric modules can be either used for cooling or heating, but its main application is cooling. Thermoelectric modules comprise of semiconductor elements that are heavily doped with electric carriers.

Market Dynamics

Improved vehicle fuel efficiency using thermoelectric modules, increasing awareness of green energy, and raising awareness by various governments are the major factors driving the growth of the global thermoelectric module market. In addition, precise temperature control and superior benefits of thermoelectric modules. However, high cost as compared to conventional cooling and refrigeration systems acts as a key hindrance for the market. Moreover, growing demand of thermoelectric modules in several applications such as automotive, industrial, consumer electronics, telecommunications, medical and laboratories is likely to gain significant impetus for the thermoelectric module market share in the coming years.

Market Segmentation

The global thermoelectric module market is segmented based on technology, material, type, application, end-user industry, and geography. The technology segment includes single stage, and multi-stage. By material segment, the categorization is given as bismuth telluride (Bi2Te3), lead telluride (PbTe), silicon germanium (SiGe), and other materials. By type segment, the segmentation comprises of bulk (standard) TEM, micro TEM, thin-film TEM. The application segment is divided into the analytical instrumentation, automotive electronics & safety systems, refrigeration & cryogenics, thermal cycling, detectors, and other applications. On the basis of the end-user industry segment, the bifurcation is given aerospace & defense, automotive, consumer electronics, healthcare, food & beverages, energy & utility, and other industries. Furthermore, geographical coverage has been offered for each of the major regions including North America, Asia-Pacific, Europe, Row, and South America.

Scope of the Global Thermoelectric Module Market

By Technology
  • Single Stage
  • Multi Stage
By Material
  • Bismuth Telluride (Bi2Te3)
  • Lead Telluride (PbTe)
  • Silicon Germanium (SiGe)
  • Other Materials
By Type
  • Bulk (Standard) TEM
  • Micro TEM
  • Thin-Film TEM.
By Application
  • Analytical Instrumentation
  • Automotive Electronics & Safety Systems
  • Refrigeration & Cryogenics
  • Thermal Cycling
  • Detectors
  • Other Applications
By End-User Industry
  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Food & Beverages
  • Energy & Utility
  • Other Industries
By Geography
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Korea
    • Rest of APAC
  • South America
    • Brazil
    • Rest of South America
  • Rest of the World
    • Middle East
    • Africa

TABLE OF CONTENTS Chapter 1 Introduction 1.1 Executive Summary 1.2 Market Definition 1.3 Market Scope Chapter 2 Research Methodology 2.1 Primary Research 2.2 Research Methodology 2.3 Assumptions & Exclusions 2.4 Secondary Data Sources Chapter 3 Market Overview 3.1 Report Segmentation & Scope 3.2 Key Market Trends 3.2.1 Drivers 3.2.2 Restraints 3.2.3 Opportunities 3.3 Porter’s Five Forces Analysis 3.4 Market Share Analysis Chapter 4 Global Thermoelectric Module Market by Technology: Market Size and Forecast, 2018 – 2026 4.1 Introduction 4.1.1 Market Size and Forecast 4.2 Single-Stage 4.2.1 Market Size and Forecast 4.3 Multi-Stage 4.3.1 Market Size and Forecast Chapter 5 Global Thermoelectric Module Market by Material: Market Size and Forecast, 2018 – 2026 5.1 Introduction 5.1.1 Market Size and Forecast 5.2 Bismuth Telluride (Bi2Te3) 5.2.1 Market Size and Forecast 5.3 Lead Telluride (PbTe) 5.3.1 Market Size and Forecast 5.4 Silicon Germanium (SiGe) 5.4.1 Market Size and Forecast 5.5 Other Materials 5.5.1 Market Size and Forecast Chapter 6 Global Thermoelectric Module Market by Type: Market Size and Forecast, 2018 – 2026 6.1 Introduction 6.1.1 Market Size and Forecast 6.2 Bulk (Standard) TEM 6.2.1 Market Size and Forecast 6.3 Micro TEM 6.3.1 Market Size and Forecast 6.4 Thin-Film TEM 6.4.1 Market Size and Forecast Chapter 7 Global Thermoelectric Module Market by Application: Market Size and Forecast, 2018 – 2026 7.1 Introduction 7.1.1 Market Size and Forecast 7.2 Analytical Instrumentation 7.2.1 Market Size and Forecast 7.3 Automotive Electronics & Safety Systems 7.3.1 Market Size and Forecast 7.4 Refrigeration & Cryogenics 7.4.1 Market Size and Forecast 7.5 Thermal Cycling 7.5.1 Market Size and Forecast 7.6 Detectors 7.6.1 Market Size and Forecast 7.7 Other Applications 7.7.1 Market Size and Forecast Chapter 8 Global Thermoelectric Module Market by End-User Industry: Market Size and Forecast, 2018 – 2026 8.1 Introduction 8.1.1 Market Size and Forecast 8.2 Aerospace & Defense 8.2.1 Market Size and Forecast 8.3 Automotive 8.3.1 Market Size and Forecast 8.4 Consumer Electronics 8.4.1 Market Size and Forecast 8.5 Healthcare 8.5.1 Market Size and Forecast 8.6 Food & Beverages 8.6.1 Market Size and Forecast 8.7 Energy & Utility 8.7.1 Market Size and Forecast 8.8 Other Industries 8.8.1 Market Size and Forecast Chapter 9 Global Thermoelectric Module Market by Geography: Market Size and Forecast, 2018 – 2026 9.1 Introduction 9.1.1 Market Size and Forecast 9.2 North America 9.2.1 North America Market Size & Forecast, By Country 9.2.2 North America Market Size & Forecast, By Technology 9.2.3 North America Market Size & Forecast, By Type 9.2.4 North America Market Size & Forecast, By Material 9.2.5 North America Market Size & Forecast, By Application 9.2.6 North America Market Size & Forecast, By End-User Industry 9.2.7 The U.S. 9.2.7.1 Market Size and Forecast 9.2.8 Canada 9.2.8.1 Market Size and Forecast 9.2.9 Mexico 9.2.9.1 Market Size and Forecast 9.3 Europe 9.3.1 Europe Market Size and Forecast, By Country 9.3.2 Europe Market Size and Forecast, By Technology 9.3.3 Europe Market Size and Forecast, By Type 9.3.4 Europe Market Size and Forecast, By Material 9.3.5 Europe Market Size & Forecast, By Application 9.3.6 Europe Market Size & Forecast, By End-User Industry 9.3.7 UK 9.3.7.1 Market Size and Forecast 9.3.8 Germany 9.3.8.1 Market Size and Forecast 9.3.9 France 9.3.9.1 Market Size and Forecast 9.3.10 Italy 9.3.10.1 Market Size and Forecast 9.3.11 Spain 9.3.11.1 Market Size and Forecast 9.3.12 Rest of Europe 9.3.12.1 Market Size and Forecast 9.4 Asia-Pacific 9.4.1 Asia-Pacific Market Size and Forecast, By Country 9.4.2 Asia-Pacific Market Size and Forecast, By Technology 9.4.3 Asia-Pacific Market Size and Forecast, By Type 9.4.4 Asia-Pacific Market Size and Forecast, By Material 9.4.5 Asia-Pacific Market Size & Forecast, By Application 9.4.6 Asia-Pacific Market Size & Forecast, By End-User Industry 9.4.7 India 9.4.7.1 Market Size and Forecast 9.4.8 China 9.4.8.1 Market Size and Forecast 9.4.9 Australia 9.4.9.1 Market Size and Forecast 9.4.10 Japan 9.4.10.1 Market Size and Forecast 9.4.11 South Korea 9.4.11.1 Market Size and Forecast 9.4.12 Rest of Asia-Pacific 9.4.12.1 Market Size and Forecast 9.5 South America 9.5.1 South America Market Size and Forecast, By Country 9.5.2 South America Market Size and Forecast, By Technology 9.5.3 South America Market Size and Forecast, By Type 9.5.4 South America Market Size & Forecast, By Material 9.5.5 South America Market Size & Forecast, By Application 9.5.6 South America Market Size & Forecast, By End-User Industry 9.5.7 Brazil 9.5.7.1 Market Size and Forecast 9.5.8 Rest of South America 9.5.8.1 Market Size and Forecast 9.6 RoW 9.6.1 RoW Market Size and Forecast, By Country 9.6.2 RoW Market Size and Forecast, By Technology 9.6.3 RoW Market Size and Forecast, By Type 9.6.4 RoW Market Size and Forecast, By Material 9.6.5 RoW Market Size & Forecast, By Application 9.6.6 RoW Market Size & Forecast, By End-User Industry 9.6.7 Middle East 9.6.7.1 Market Size and Forecast 9.6.8 Africa 9.6.8.1 Market Size and Forecast Chapter 10 Company Profiles 10.1 Crystal Ltd. 10.2 Ferrotec Corporation 10.3 GENTHERM 10.4 II-VI Marlow Incorporated 10.5 KELK Ltd. 10.6 KRYOTHERM 10.7 Laird Technologies 10.8 RMT Ltd. 10.9 TE Technology, Inc. 10.10 TEC Microsystems GmbH 10.11 Thermion Company 10.12 Thermonamic Electronics (Jiangxi) Corp. Ltd. 10.13 TOSHIBA MATERIALS CO., LTD.

Thermoelectric Module Market Key Players
  • Crystal Ltd.
  • Ferrotec Corporation
  • GENTHERM
  • II-VI Marlow Incorporated
  • KELK Ltd.
  • KRYOTHERM
  • Laird Technologies
  • RMT Ltd.
  • TE Technology, Inc.
  • TEC Microsystems GmbH
  • Thermion Company
  • Thermonamic Electronics (Jiangxi) Corp. Ltd.
  • TOSHIBA MATERIALS CO., LTD.

Select License Type

  • $4700
  • $5600
  • $2000
  • Buy Now

Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

CLIENTS