Nov 23, 2018   SOURCE: BusinessWire

Global Thermoelectric Generators Market Technologies, Market share and Industry Forecast to 2024 - ResearchAndMarkets.com

The "Global Thermoelectric Generators Market-Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global thermoelectric generators market is growing with a CAGR of over 14.6% during the forecast period.

A TEG (thermoelectric generator) is a device that is mostly employed for energy generation. It is also being used as a heat pump. As heat pumps, thermoelectric generator transfer heat to a device from one side to the other. As energy generators, TEGs convert waste heat into electricity.

Consequently, TEGs are corresponding heat engines nevertheless are compact in size, have no moving parts and silent. TEGs have no maintenance requirements and have a longer operational life, which makes them an ideal choice for unmanned sites like offshore gas pipelines.

The major drivers of the global thermoelectric generator market are growing demand for miniaturized thermoelectric generators, augmented demand of thermoelectric generators by automotive industries, growing concerns over emissions and environmental issues and requirement for maintenance free and durable power sources.

The major restraining factor of the global thermoelectric generator market is High Cost of Production of Thermoelectric Material and Low efficiency of thermoelectric devices.

Moreover, the major opportunities for the global thermoelectric generator market increase in the demand for thermoelectric generators in medical devices growing industrial automation across the world.

The growth of this market is primarily attributed to an upsurge in demand for waste heat recovery owing to the rising industrialization in developing economies such as India and China.

Some of the major players of the thermoelectric generator market are Alphabet Energy (U.S.), Evident Thermoelectrics (U.S.), Ferrotec Corporation (U.S.), Gentherm, Inc. (U.S.), Kelk Ltd. (Japan), Kelk Ltd. (Japan), Laird PLC (U.K.), Phononic, Inc. (U.S.), RMT Ltd (Russia.), Yamaha Corporation (Japan), II-VI Incorporated (U.S.) and others.

Market Determinants

Market Drivers

  • Augmented Demand Of Thermoelectric Generators By Automotive Industries
  • Growing Demand For Miniaturized Thermoelectric Generators
  • Requirement For Maintenance Free And Durable Power Sources
  • Growing Concerns Over Emissions And Environmental Issues

Market Restraints

  • High Cost Of Production Of Thermoelectric Material
  • Low Efficiency Of Thermoelectric Devices

Market Opportunities

  • Increase In The Demand For Thermoelectric Generators In Medical Devices
  • Growing Industrial Automation Across The World

Market Challenges

  • Availability Of Substitutes

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Thermoelectric Generators Market By Region

7. Company Profiles

  • Alphabet Energy (U.S.)
  • Evident Thermoelectrics (U.S.)
  • Ferrotec Corporation (U.S.)
  • Gentherm, Inc. (U.S.)
  • Ii-Vi Incorporated (U.S.)
  • Kelk Ltd. (Japan)
  • Kryotherm Company (Russia)
  • Laird Plc (U.K.)
  • Phononic, Inc. (U.S.)
  • RIF Corporation (Russia)
  • RMT Ltd. (Russia)
  • Tecteg MFR (Canada)
  • Tegpro Thermoelectric Generator (U.S.)
  • Tellurex Corporation (U.S.)
  • Yamaha Corporation (Japan)

For more information about this report visit https://www.researchandmarkets.com/research/dvzd9j/global?w=4