thermoelectric materials Market Growth, Trend, Size, Forecast, Key Players and Competitive Lanscape Research Report
Market Size – USD 51.9 Million in 2019, Market Growth - CAGR of 8.0%, Market Trends –Supportive government initiatives
The global 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.
Key Companies Profiled in the Report:
Key participants include Laird Thermal Systems Inc., Marlow Industries Inc., Thermonamic Electronics, Tellurex, Ferrotec, EVERREDtronics, Hi-Z, RMT Ltd., KELK, and Crystal Ltd., among others.
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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.
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.
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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thermoelectric materials Market Segmentation:
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)
o Bismuth Telluride
o Lead Telluride
o Silicon Germanium
o Others
· Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
o Online
o Offline
· Application Outlook (Revenue, USD Billion; 2017-2027)
o Industrial
o Automotive
o Electrical & Electronics
o Healthcare
o Others
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About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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