The Thermoelectric Materials Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Thermoelectric Materials market. The report offers in-depth research and assessment of the key elements of the global Thermoelectric Materials market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Thermoelectric Materials market.
The thermoelectric materials market is projected to be worth USD 96.2 Million by 2027, according to a current analysis by Emergen Research. The thermoelectric materials market is observing high demand attributed to the increasing demand for automotive fuel efficiency. Automotive exhaust contributes significantly to global greenhouse gas emissions (GHG), with a typical passenger vehicle accounting for the emission of around 4.6 tons of CO2 annually.
Also, it has been estimated that the total number of light-duty vehicles (LCVs) plying on the roads would surpass 2 billion by the year 2050 and, in turn, would consume a substantial amount of global oil production. Automotive thermoelectric generator technology encompasses vehicular exhaust heat conversion into electric energy that may be utilized for various electrical systems of the automobile, thereby improving fuel efficiency and reducing GHG emission. The growing demand for thermoelectric generator, in turn, would drive the demand for thermoelectric materials.
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Key companies profiled in the Thermoelectric Materials report include: Laird Thermal Systems Inc., Marlow Industries Inc., Thermonamic Electronics, Tellurex, Ferrotec, EVERREDtronics, Hi-Z, RMT Ltd., KELK, and Crystal Ltd., among others.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
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Key Highlights From The Report
- In May 2020, Laird Thermal Systems introduced an innovative model of high-performance thermoelectric coolers capable of delivering a 10.0% improvement in heat pumping capacity, better temperature differential, and better efficiency compared to regular thermoelectric coolers.
- Thermoelectric materials, owing to the large Peltier effect, find widespread usage in power generation and solid-state refrigeration applications.
- Silicon Germanium thermoelectric materials have garnered substantial traction for energy harvesting and driving space applications, among others. Devices made of silicon germanium alloy can operate at temperatures above 1300 degrees Centigrade without undergoing degradation, high oxidation resistance, and low thermal expansion coefficient.
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Emergen Research has segmented the global thermoelectric materials market on the basis of product type, distribution channel, application, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Bismuth Telluride
- Lead Telluride
- Silicon Germanium
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Industrial
- Automotive
- Electrical Electronics
- Healthcare
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Thermoelectric Materials market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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About Emergen Research
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