Dec 7, 2018   SOURCE: BusinessWire

Global Thermoelectric Materials Market Analysis & Forecast (2018-2023): Bismuth Telluride, Lead Telluride and Silicon Germanium - ResearchAndMarkets.com

The "Global Thermoelectric Materials Market: Focus on Type (Bismuth Telluride, Lead Telluride, and Silicon Germanium) and Application (Healthcare, Automotive, Industrial, Electrical, and Electronics) - Analysis & Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.

In terms of value, the global thermoelectric materials market is expected to grow at a CAGR of 8.49% during the forecast period 2018-2023.

The factors driving the demand of thermoelectric materials in the global market are improved vehicle fuel efficiency using thermoelectric modules, increasing awareness of green energy, rising awareness by government officials, and rapid commercialization of thermoelectric generators in the automobile industry.

The automobile industry is amidst a revolution where the industry is accelerating its pace toward becoming more sustainable and greener. Proper utilization of waste heat in the automobile industry is another concern that has been gaining traction for a long time.

In terms of value, in 2017, bismuth telluride accounted for the largest share of 67.36% in the global thermoelectric materials market. The high use of bismuth telluride in thermoelectric devices and modules for waste heat recovery, refrigeration, electronics cooling, thermal comfort, and others is expected to propel the demand of bismuth telluride in the thermoelectric materials market.

The industrial segment dominated the global thermoelectric materials market in terms of value with a market share of 41.56% in 2017. Owing to the ability of thermoelectric materials to harness the waste heat from various power plants and effectively convert them into electricity, the demand of thermoelectric materials such as bismuth telluride is expected to grow during the forecast period.

Market Dynamics

Drivers
  • Improved Vehicle Fuel Efficiency Using Thermoelectric Modules
  • Increasing Awareness of Green Energy and Rising Awareness by Various Government Officials
  • Rapid Commercialization of Thermoelectric Generators in the Automobile Industry

Restraints

  • High Production Cost of Thermoelectric Material
  • Inability to Produce High Power Electricity Output

Opportunities

  • Rise in the Demand for Thermoelectric Materials in Medical Devices

Key Topics Covered

Executive Summary

1 Market Dynamics

2 Competitive Insights

3 Industry Analysis

4 Global Thermoelectric Material Market (by Type), $Thousand and Metric Tons, 2016-2023

5 Global Thermoelectric Materials Market (by Application), $Thousand and Metric Tons, 2016-2023

6 Thermoelectric Material Market (by Region), $Thousand and Metric Tons, 2016-2023

7 Company Profiles

  • EVERREDtronics Ltd.
  • Ferrotec (USA) Corporation.
  • Hitachi Ltd.
  • Jingyi Metal Material (Shanghai) Co., Ltd.
  • KELK Ltd.
  • Marlow Industries, Inc.
  • Norilsk Nickel
  • P&N Technology (Xiamen) Co., Ltd.
  • Panasonic Corporation
  • Reade International Corp.,
  • Sigma Aldrich Corporation
  • TECTEG MFR.
  • TEGma AS
  • Thermonamic Electronics(Jiangxi) Corp., Ltd.
  • Toshiba Materials Co., Ltd.

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