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PUBLISHER: IMARC | PRODUCT CODE: 1451720
PUBLISHER: IMARC | PRODUCT CODE: 1451720
Automotive Thermoelectric Generator Market Report by Component, Material (Magnesium Silicide, Bismuth Telluride, Lead Telluride, Skutterudite), Vehicle Type, Application, and Region 2024-2032
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The global automotive thermoelectric generator market size reached US$ 45.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 113.5 Million by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032.
An automotive thermoelectric generator is a device that transforms the waste heat of an internal combustion engine (ICE) into electrical energy using the Seebeck effect. It contains heat exchangers, cooling plates, compression assembly, and thermoelectric materials, such as bismuth telluride (Bi2Te3), lead telluride (PbTe), skutterudite, and magnesium silicide. An automotive thermoelectric generator is widely used to power various systems of the vehicle, such as infotainment, air conditioning, lighting, and small refrigerators. It is a relatively simple system that recycles wasted heat energy, reduces fuel consumption, minimizes operating costs, and supports vehicle electrification. An automotive thermoelectric generator is also eco-friendly and lightweight, requires low maintenance, and doesn't generate noise or vibrations.
Automotive Thermoelectric Generator Market Trends:
The increasing demand for fuel-efficient vehicles is one of the primary factors driving the market growth. An automotive thermoelectric generator is widely used in passenger and commercial vehicles to reduce fuel consumption and improve efficiency. It also replaces the generator load, provides faster warm-up of the engine and transmission, minimizes added mass, and converts selected mechanical functions of the vehicles into electrical parts, such as coolant, oil, and trans fluid pumps. Furthermore, the extensive product utilization due to the rising environmental concerns, as they reduce carbon dioxide (CO2) emissions and minimize the use of refrigerants in cooling systems, is favoring the market growth. Apart from this, the implementation of stringent emission policies by several governments is acting as another growth-inducing factor. Additionally, the recent development of thin film thermoelectric generators for automotive applications that provide enhanced efficiency, scalability, cost-effectiveness, and reduced material wastage is positively influencing the market growth. Other factors, including increasing product adoption in hybrid and electric vehicles (H/EVs), extensive research and development (R&D) activities, rapid electrification of existing vehicles, and rising expenditure capacities of consumers, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive thermoelectric generator market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, material, vehicle type and application.
Breakup by Component:
Thermoelectric Module
Cooling Plates
Heat Exchangers
Others
Breakup by Material:
Magnesium Silicide
Bismuth Telluride (Bi2Te3)
Lead Telluride (PbTe)
Skutterudite
Breakup by Vehicle Type:
Passenger Cars
Commercial Vehicles
Breakup by Application:
Waste Heat Recovery
Energy Harvesting
Direct Power Generation
Co-generation
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Coherent Corp., European Thermodynamics Ltd., Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Laird PLC, SANGO Co. Ltd., Thermonamic Electronics (Jiangxi) Corp. Ltd. and Yamaha Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. How big is the global automotive thermoelectric generator market?
- 2. What is the expected growth rate of the global automotive thermoelectric generator market during 2024-2032?
- 3. What are the key factors driving the global automotive thermoelectric generator market?
- 4. What has been the impact of COVID-19 on the global automotive thermoelectric generator market?
- 5. What is the breakup of the global automotive thermoelectric generator market based on the material?
- 6. What is the breakup of the global automotive thermoelectric generator market based on the vehicle type?
- 7. What are the key regions in the global automotive thermoelectric generator market?
- 8. Who are the key players/companies in the global automotive thermoelectric generator market?
Product Code: SR112024A6637
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Thermoelectric Generator Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Thermoelectric Module
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cooling Plates
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heat Exchangers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Material
- 7.1 Magnesium Silicide
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bismuth Telluride (Bi2Te3)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Lead Telluride (PbTe)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Skutterudite
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Cars
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Waste Heat Recovery
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Energy Harvesting
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Direct Power Generation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Co-generation
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Coherent Corp.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 European Thermodynamics Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Laird PLC
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 SANGO Co. Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Thermonamic Electronics (Jiangxi) Corp. Ltd.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Yamaha Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.1 Coherent Corp.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
Product Code: SR112024A6637
List of Figures
- Figure 1: Global: Automotive Thermoelectric Generator Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Automotive Thermoelectric Generator Market: Breakup by Component (in %), 2023
- Figure 5: Global: Automotive Thermoelectric Generator Market: Breakup by Material (in %), 2023
- Figure 6: Global: Automotive Thermoelectric Generator Market: Breakup by Vehicle Type (in %), 2023
- Figure 7: Global: Automotive Thermoelectric Generator Market: Breakup by Application (in %), 2023
- Figure 8: Global: Automotive Thermoelectric Generator Market: Breakup by Region (in %), 2023
- Figure 9: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Automotive Thermoelectric Generator (Cooling Plates) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Automotive Thermoelectric Generator (Cooling Plates) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Automotive Thermoelectric Generator (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Automotive Thermoelectric Generator (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Automotive Thermoelectric Generator (Skutterudite) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Automotive Thermoelectric Generator (Skutterudite) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Automotive Thermoelectric Generator (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Automotive Thermoelectric Generator (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Automotive Thermoelectric Generator (Co-generation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Automotive Thermoelectric Generator (Co-generation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: North America: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: North America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: United States: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: United States: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Canada: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Canada: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Asia-Pacific: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Asia-Pacific: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: China: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: China: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Japan: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Japan: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: India: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: India: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: South Korea: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: South Korea: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Australia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Australia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Indonesia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Indonesia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Europe: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Europe: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Germany: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Germany: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: France: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: France: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: United Kingdom: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: United Kingdom: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Italy: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Italy: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Spain: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Spain: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Russia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Russia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Latin America: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Latin America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Brazil: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Brazil: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Mexico: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Mexico: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Middle East and Africa: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Middle East and Africa: Automotive Thermoelectric Generator Market: Breakup by Country (in %), 2023
- Figure 85: Middle East and Africa: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Global: Automotive Thermoelectric Generator Industry: SWOT Analysis
- Figure 87: Global: Automotive Thermoelectric Generator Industry: Value Chain Analysis
- Figure 88: Global: Automotive Thermoelectric Generator Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Thermoelectric Generator Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 4: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 5: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 6: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Automotive Thermoelectric Generator Market: Competitive Structure
- Table 8: Global: Automotive Thermoelectric Generator Market: Key Players
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