Market Research Report
Thermoelectric Modules Market, By Technology, By Type, By Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
|Published by||Coherent Market Insights||Product code||980013|
|Published||Content info||135 Pages
Delivery time: 2-3 business days
|Thermoelectric Modules Market, By Technology, By Type, By Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027|
|Published: December 23, 2020||Content info: 135 Pages||
Thermoelectric Modules Market, By Technology (Single Stage Thermoelectric Modules and Multi Stage Thermoelectric Modules), By Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules and Thin Film Thermoelectric Modules), By Application (Consumer Electronics, Telecommunication, Medical and Laboratories, Automotive, Defense and Space, Industrial Applications, Energy Harvesting and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.
Thermoelectric Modules are also known as thermoelectric coolers or peltier cooler. These coolers are electronic device that work as a small pump and transfer heat from one side to another side of the device. These modules can be used to warm or cool object by producing temperature differential. These coolers consists of semiconductor that are heavily doped with electric carriers. These elements are arranged into array that is thermally connected in parallel and electrically connected in series. Manufacturers of thermoelectric modules focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.
Increasing demand from consumer electronics is expected to drive market growth during forecast period. Thermoelectric coolers are used in the consumer electronics applications and also in food & beverage refrigerator, air conditioner, chilled water dispenser and many others. These applications require thermoelectric modules to provide cooling and temperature as compare to other traditional cooling system. Owing to environmental concern related to bottled water has increased the demand for point-of-use dispenser in residential or commercial sector. To meet the required demand for suitable temperature effects, the growth of the market will increase in the coming years.
Rising demand for electric vehicle is expected to drive growth of the global thermoelectric modules market during the forecast period. The demand for electric vehicles has increased in the recent past in both developed and emerging economies. According to the Edison Electric Institute (EEI), in 2019, there were around 1.2 million electric vehicles were on the road in the U.S. According to the same source, global electric sales were pegged at 2.1 million in 2019, increasing by 64% as compared 2017. Thermoelectric modules are typically used in electric vehicles for instant cooling and heating. Thus, these factors are expected to drive growth of the global thermoelectric modules market during the forecast period.
This report segments the global thermoelectric modules market on the basis of technology, type, application and region. On the basis of technology, the global thermoelectric modules market is segmented into single stage thermoelectric modules and multi stage thermoelectric modules. On the basis of type, the global thermoelectric modules market is segmented into bulk thermoelectric modules, micro thermoelectric modules and thin film thermoelectric modules. On the basis of type, the global thermoelectric modules market is segmented into consumer electronics, telecommunication, medical and laboratories, automotive, defense and space, industrial applications, energy harvesting and others. On the basis of region, the global thermoelectric modules market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
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