Automotive Thermoelectric Generator Market by Component, Material, Temperature, Application, Vehicle Type

Description

List of Tables

[180 Pages Report] The Automotive Thermoelectric Generator Market size was estimated at USD 194.49 million in 2023 and expected to reach USD 211.94 million in 2024, at a CAGR 9.24% to reach USD 361.29 million by 2030.

An automotive thermoelectric generator device alters heat energy directly into electrical energy through a phenomenon referred to as the Seebeck effect. This innovative technology harnesses the temperature differential between the hot exhaust gasses emitted by an internal combustion engine and the cooler ambient air. By leveraging this temperature gradient, ATEGs produce electricity that can power vehicle electronics and improve overall fuel efficiency. The increasing environmental concerns and the stringent emission norms imposed by governments worldwide are accelerating the adoption of automotive thermoelectric generators. In addition, the rising demand for fuel-efficient vehicles is boosting the deployment of automotive thermoelectric generators. However, the high cost of thermoelectric materials and complexity integration concerns impose significant challenges for manufacturers. Furthermore, rapid advancements in thermoelectric materials and technologies play a significant role in market expansion.

KEY MARKET STATISTICS
Base Year [2023]	USD 194.49 million
Estimated Year [2024]	USD 211.94 million
Forecast Year [2030]	USD 361.29 million
CAGR (%)	9.24%

Component: Ongoing technological advancement in thermoelectric modules for high-performance vehicles

The cold side component in an automotive thermoelectric generator is crucial for maintaining a temperature gradient, which is essential for the thermoelectric effect to generate electricity. The cold side is typically made of materials with high thermal conductivity to disperse heat efficiently. The electric load in an ATEG refers to the components powered by the generator. This could range from auxiliary power units to electronic devices within the vehicle. The design and efficiency of the electric load directly impact the power requirement and, thus, the sizing of the ATEG. The heat source for an ATEG is typically the vehicle's engine & exhaust system, utilizing waste heat to generate electricity. The efficiency of the heat source, in terms of available heat energy, plays a pivotal role in the overall effectiveness of the ATEG system. The thermoelectric module is the heart of an ATEG, where the direct conversion of temperature differences into electrical energy occurs. These modules consist of thermoelectric materials that exhibit the Seebeck effect. The performance, durability, and cost-effectiveness of these modules are key factors for the ATEG system.

Application: Rising investments for the development of advanced exhaust heat recovery systems

Cabin heating utilizes TEGs to convert temperature differences into electric power, subsequently used to heat the vehicle's interior. This application is highly beneficial for electric and hybrid vehicles, where preserving the vehicle's battery life is crucial for maximizing range. The need for efficient cabin heating solutions is particularly pronounced in colder climates. Engine heat recovery involves recovering waste heat from the engine block and converting it into electricity. This process contributes to the charging of the vehicle battery and improves overall fuel efficiency by reducing the load on the engine. It is particularly relevant for hybrid and internal combustion engine (ICE) vehicles. Exhaust heat recovery systems convert thermal energy from the exhaust gasses into electrical energy, which can then be used to power vehicle electrical systems and assist in battery charging. This application offers significant potential for fuel efficiency improvements and is applicable across the spectrum of vehicle types, including electric, hybrid, and ICE vehicles.

Regional Insights

The United States and Canada make up the primary markets for ATEGs in the Americas. The American region has been a frontrunner in the development and implementation of thermoelectric technologies, fueled by government initiatives and the presence of key automobile manufacturers and technological firms. The EU is at the forefront in the EMEA region, promoting ATEG technology through its strong environmental regulations and policies aimed at reducing vehicle emissions. Germany, France, and the UK are prominent in ATEG research and implementation, supported by both government initiatives and the existence of major automotive manufacturers. The Middle East, despite its vast oil reserves, has begun exploring sustainable and efficient technologies, including ATEG, primarily led by initiatives in countries such as the UAE. The APAC region, led by China, Japan, and India, is witnessing a robust increase in the adoption of automotive thermoelectric generators, driven by stringent environmental regulations and the swift expansion of the automotive industry. The APAC region, being a global manufacturing hub, exhibits significant research and investment in ATEG technology. The ongoing technological innovation continues to contribute significantly to ATEG research.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Thermoelectric Generator Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Thermoelectric Generator Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Thermoelectric Generator Market, highlighting leading vendors and their innovative profiles. These include BMW AG, Coherent Corp., Ecogen Technology, European Thermodynamics Ltd., EVERREDtronics Ltd., Faurecia SE, Ford Motor Company, General Motors Company, Gentherm Incorporated, Hi-Z Technology, Inc., Hitachi, Ltd., Kelk Ltd. by Komatsu Ltd., Kryotherm, Kyocera Corporation, Laird PLC, Linseis Messgerate GmbH, Phononic, Prayogik by Tracxn Technologies Ltd., RMT Ltd. by Ferrotec Holdings Co., Ltd., Tenneco Inc., Valeo, Volkswagen Group, and Yamaha Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive Thermoelectric Generator Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Cold Side
- Electric Load
- Heat Source
- Thermoelectric Module

Material
- Bismuth Telluride
- Lead Telluride

Temperature
- High Temperature
- Low Temperature
- Medium Temperature

Application
- Cabin Heating
- Engine Heat Recovery
- Exhaust Heat Recovery

Vehicle Type
- Commercial Vehicles
- Passenger Vehicles

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Thermoelectric Generator Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Thermoelectric Generator Market?

3. What are the technology trends and regulatory frameworks in the Automotive Thermoelectric Generator Market?

4. What is the market share of the leading vendors in the Automotive Thermoelectric Generator Market?

5. Which modes and strategic moves are suitable for entering the Automotive Thermoelectric Generator Market?

Product Code: MRR-8E373E9E2156

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for fuel efficient vehicles globally
  - 5.1.1.2. Rising consumer shift towards electric and hybrid vehicles
  - 5.1.1.3. Stringent norms imposed by the governments on vehicles emission
- 5.1.2. Restraints
  - 5.1.2.1. Constraints of high cost of installation of thermoelectric generators
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancement in thermoelectric materials for power generation
  - 5.1.3.2. Emergence of solar-based thermoelectric generators to recycle wasted heat energy
- 5.1.4. Challenges
  - 5.1.4.1. Complexity associated with integrating ATEGs into existing vehicle
5.2. Market Segmentation Analysis
- 5.2.1. Component: Ongoing technological advancement in thermoelectric modules for high-performance vehicles
- 5.2.2. Application: Rising investments for the development of advanced exhaust heat recovery systems
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Thermoelectric Generator Market, by Component

6.1. Introduction
6.2. Cold Side
6.3. Electric Load
6.4. Heat Source
6.5. Thermoelectric Module

7. Automotive Thermoelectric Generator Market, by Material

7.1. Introduction
7.2. Bismuth Telluride
7.3. Lead Telluride

8. Automotive Thermoelectric Generator Market, by Temperature

8.1. Introduction
8.2. High Temperature
8.3. Low Temperature
8.4. Medium Temperature

9. Automotive Thermoelectric Generator Market, by Application

9.1. Introduction
9.2. Cabin Heating
9.3. Engine Heat Recovery
9.4. Exhaust Heat Recovery

10. Automotive Thermoelectric Generator Market, by Vehicle Type

10.1. Introduction
10.2. Commercial Vehicles
10.3. Passenger Vehicles

11. Americas Automotive Thermoelectric Generator Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Automotive Thermoelectric Generator Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Automotive Thermoelectric Generator Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Yamaha, Sumitomo Corp demonstrates CO2 reduction by Thermoelectric Generator
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio