Thermoelectric Modules Market By Model, By Type, By End-Use Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global thermoelectric modules market was valued at $615.2 million in 2021, and is projected to reach $1,334.0 million by 2031, registering a CAGR of 8.34% from 2022 to 2031.

A thermoelectric module is a heat pump that uses a heat exchanger to remove heat. Thermoelectric modules work on the principle of the Peltier effect and can use low-voltage direct current to transfer heat from one end to the other. As a result, this product is seeing increased demand in multiple end-use industries. Thermoelectric modules have many advantages such as scalability, compactness, environmental friendliness, and reliability. Important applications of thermoelectric modules include power generation, temperature stabilization, and heat pumps. The thermoelectric module market is segmented into model, type, end-use application, and region. On the basis of model, the market is divided into single stage and multi stage. On the basis of type, it is divided into bulk thermoelectric modules, micro thermoelectric modules, and thin-film thermoelectric modules. On the basis of end-use application, the market is divided into aerospace & defense, automotive, consumer electronics, healthcare, food & beverage, energy & utility, and others.

Region-wise, the thermoelectric module 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). North America, specifically the U.S., remains a significant participant in the global thermoelectric module. Major organizations and government institutions in the country are intensely putting resources into technology.

Rising consumer demand for various electrical appliances is the major growth driver of the global thermoelectric modules market. For instance, thermoelectric cooler modules are being utilized in different types of electronic devices including mini-refrigerators, air conditioners, and wine cabinets. The main function of these modules is to offer temperature and cooling control in diverse applications. These modules are gaining impetus owing to their different advantages such as small size, light weight, and presence of no moving parts. Moreover, the ability to simultaneously heat and cool thermoelectric modules is expected to help drive demand and create revenue-generating opportunities for key players across the market. Major organizations and government institutions in the country are intensely putting resources into technology. Key players operating in the market include II-VI Incorporated, Laird Thermal Systems, TE Technology Inc., TEC Microsystem GmbH, Kryotherm, Ferrotec Corporation, Crystal Ltd., KELK Ltd., Phononic Devices, and Guangdong Fuxin Technology.

Key Market Segments

By Model

Single Stage
Multi Stage

By Type

Bulk Thermoelectric Modules
Micro Thermoelectric Modules
Thin-Film Thermoelectric Modules

By End-Use Application

Others
Aerospace and Defense
Automotive
Consumer Electronics
Healthcare
Food and Beverage
Energy and Utility

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

TEC Microsystem GmbH
Phononic Devices
Ferrotec Corporation
Laird Thermal Systems
KELK Ltd.
Crystal Ltd.
Guangdong Fuxin Technology
kryotherm
II-VI Incorporated
TE Technology Inc.

Product Code: A13037

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.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market dynamics
- 3.4.1.Drivers
  - 3.4.1.1. Thermoelectric modules simultaneous heating and cooling capabilities are generating demand for a variety of applications.
  - 3.4.1.2. Increase in Demand for Precise Temperature Control of Medical Devices, Imaging, and Diagnostic Systems.
  - 3.4.1.3. Surge in demand for luxury vehicles could trigger thermoelectric module market growth.
- 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
7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Model
- 7.2.3 North America Market size and forecast, by Type
- 7.2.4 North America Market size and forecast, by End-Use Application
- 7.2.5 North America 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 Europe Market size and forecast, by Model
- 7.3.3 Europe Market size and forecast, by Type
- 7.3.4 Europe Market size and forecast, by End-Use Application
- 7.3.5 Europe 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 Asia-Pacific Market size and forecast, by Model
- 7.4.3 Asia-Pacific Market size and forecast, by Type
- 7.4.4 Asia-Pacific Market size and forecast, by End-Use Application
- 7.4.5 Asia-Pacific 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 LAMEA Market size and forecast, by Model
- 7.5.3 LAMEA Market size and forecast, by Type
- 7.5.4 LAMEA Market size and forecast, by End-Use Application
- 7.5.5 LAMEA 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 TEC Microsystem GmbH
- 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
- 9.1.7 Key strategic moves and developments
9.2 Phononic Devices
- 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 Business performance
- 9.2.7 Key strategic moves and developments
9.3 Ferrotec Corporation
- 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
- 9.3.7 Key strategic moves and developments
9.4 Laird Thermal Systems
- 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
- 9.4.7 Key strategic moves and developments
9.5 KELK Ltd.
- 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
- 9.5.6 Business performance
- 9.5.7 Key strategic moves and developments
9.6 Crystal Ltd.
- 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
- 9.6.6 Business performance
- 9.6.7 Key strategic moves and developments
9.7 Guangdong Fuxin Technology
- 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 Business performance
- 9.7.7 Key strategic moves and developments
9.8 kryotherm
- 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 Business performance
- 9.8.7 Key strategic moves and developments
9.9 II-VI Incorporated
- 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
- 9.9.7 Key strategic moves and developments
9.10 TE Technology Inc.
- 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 Business performance
- 9.10.7 Key strategic moves and developments