Global Thermoelectric Generators Market Opportunities and Challenges by 2025

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Global Thermoelectric Generators Market is
projected to grow from 460 million in 2019 to
741 million by 2025, at a CAGR of 8.3 during
the forecast period. Factors
rapid of
such as
commercialization
thermoelectric generators in the automotive
industry, and increasing demand for
miniaturized TEGs. Along with the rising
adoption of decarbonization technologies for
greenhouse gas emissions is expected to be the
primary factor driving the thermoelectric
generators market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id91553904 The bismuth telluride material
segment is projected to grow at the higher CAGR
during the forecast period By material, the
thermoelectric generators market has been
segmented into bismuth telluride, lead telluride
and others. Among these, the bismuth telluride
segment is projected to grow at the highest CAGR
during the forecast period. Due to the
comparatively high efficiency of bismuth
telluride materials, the demand for this segment
is rising. The Low Temperature (lt80C)
temperature segment is projected to grow at the
highest CAGR during the forecast period By
temperature, the thermoelectric generators market
has been segmented into Low Temperature (lt80C),
Medium temperature (80- 500C) and High
temperature (gt 500C). The Low Temperature
(lt80C) segment is projected to grow at the
highest CAGR during the forecast period. The
low-temperature segment includes ultra-low-
power mobile consumer electronics, and wearable,
among others. These all are low temperature
producing applications, and their output heat is
used by the thermoelectric system to generate
electricity. Due to the usage of various
applications, such as sensors powering watches,
or other consumer electronics, This will help in
driving this particular segment of thermoelectric
generators market. North America is projected to
lead the market for thermoelectric generators
during the forecast period North America is
estimated to account for the largest share of the
thermoelectric generators market in 2019. The US
dominated the North America region in
thermoelectric generators market in 2019 and is
expected to maintain its dominance over the next
five years as well. This will be due to increased
futuristic usage of TEG
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technology for powering various equipment and
devices in various industries. The prominent
industries which will use TEGs for power
generation will be space, automotive, and
commercial electronics. Other prominent reasons
for TEG market growth are larger disposable
income, huge industrialization, and an increase
in demand for cleaner energy in North
America. Key Market Players Major vendors in the
thermoelectric generators market include
Gentherm, Inc. (US), II-VI Marlow, Inc. (US),
Ferrotec Corporation (Japan), Laird plc (UK),
Komatsu Ltd. (Japan). These players have adopted
contracts, agreements, acquisitions, and new
product launches as their primary growth
strategies from 2014 to 2019, to expand their
presence in the global thermoelectric generators
market further. Ask for Sample Report
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