Feb 15, 2018   SOURCE: PR NewsWire

Global Thermoelectric Modules Market (2017-2021) with Ferrotec, KELK, Laird and II-VI Marlow Dominating

DUBLIN, Feb. 15, 2018 /PRNewswire/ --

The "Global Thermoelectric Modules Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

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Global thermoelectric modules market to grow at a CAGR of 9.91% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the growing demand for smart homes and development of smart cities. The smart home concept is gaining ground rapidly as consumers look to improve domestic convenience through electronic devices. This is an evolutionary development in the residential real-estate sector with the primary aim to make a living more comfortable, convenient, secure, entertaining, and sustainable. At present, smart home technologies using advanced sensors are affordable and can be used by any average household to connect appliances such as heating modules, lighting systems, AC units, computers, television sets, entertainment systems, security devices, and camera systems. The home owner can control these devices using their smartphones and tablets.

According to the report, one of the major drivers for this market is increased construction activities. Development in the construction industry plays a significant role in boosting the global thermoelectric modules market. New construction in the residential, commercial, and industrial sectors have increased the demand for HVAC systems (that are integrated with thermoelectric modules), which improves building efficiencies, thus generating high revenue for the market. Innovations in building design and increased focus on energy efficiency for buildings have created an opportunity for thermoelectric module manufacturers to increase their market foothold.

Further, the report states that one of the major factors hindering the growth of this market is the capital intensity of HVAC systems. The global thermoelectric modules market is capital intensive. With the decline in the global economy, the thermoelectric modules market vendors face difficulty in investing heavily in R&D activities and marketing campaigns. Also, many end-users are struggling to purchase HVAC equipment as it requires a high initial investment. Many residential users in developing countries are facing a challenge in adopting domestic HVAC equipment such as household furnaces, ACs, and other HVAC equipment.

Key Vendors

    --  Ferrotec
    --  KELK
    --  Laird
    --  II-VI Marlow

Other Prominent Vendors

    --  RMT
    --  Tellurex
    --  Thermion
    --  TE Technology

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Application

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers and Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/qj2n64/global?w=5

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SOURCE Research and Markets