Thermoelectric Generator Market Growing at 12.95% CAGR to 2021

Thermoelectric Generator market latest research report adds by, the analysts forecast global Thermoelectric Generator industry to grow at a CAGR of 12.95% during the period 2017-2021.

Thermoelectric generator market analyst says one trend in the market is automation of industries. Automation of industries is gaining momentum as computers and machines are being adopted for effective and efficient control systems. To maintain optimum productivity, the cost of operations, quality of the product, and safety, industries is forced to adopt automation to maintain its competitiveness in the market.

Complete report on Thermoelectric Generator market spread across 64 pages, analyzing 25 major companies with table of content are now available at .

According to the thermoelectric generator market report, one driver in the market is applicability in harsh environments. Thermoelectric generators are more suitable to harsh environmental conditions such as in offshore oil and gas pipelines and space probes where battery operated systems cannot withstand harsh conditions, resulting in a lesser lifespan of electric components. However, energy harvesters like thermoelectric generators have the upper hand due to their small dimension, longer lifespan, and no system maintenance and replacement. These factors facilitate the easy and non-invasive application of TEGs.

The following companies as the key players in the global thermoelectric generator market: Alphabet Energy, Ferrotec Corporation, and Gentherm Global Power Technologies (GPT). Other prominent vendors in the market are: II-VI Marlow, ADVANCE RIKO, Align Sourcing, EH4, EVERREDtronics, Evident Thermoelectrics, greenTEG, Hi-Z Technology, Hotblock Onboard, KELK, LAIRD, Marvel Thermoelectrics, Matrix Industries, O-Flexx Technologies, otego, Perpetua Power Source Technologies, Phononic, RGS DEVELOPMENT, Romny Scientific, Tellurex Corporation, TE Technology, and Yamaha Corporation.

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Global Thermoelectric Generator Market 2017-2021, 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 report covers the present scenario and the growth prospects of the global thermoelectric generator market for 2017-2021. To calculate the market size, the report considers revenue generated from new shipments and sales of thermoelectric generators.

Further, the report states that one challenge in the market is low conversion efficiency. TEGs convert waste heat into electrical energy. However, as per the University of the Pacific, TEGs have an efficiency of only 4%. Efficiency measurement holds a significant importance in the deployment of thermoelectric generators as well as for research in thermoelectric materials. The efficiency calculation cannot be done directly as all the parameters of materials are temperature dependent. A TEG will operate efficiently only if the supply of electrical current to the device is equal to the electrical resistance of a device.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

A thermoelectric generator (TEG) is a device that is primarily used for energy generation. It can also be used as a heat pump. As energy generators, TEGs convert waste heat into electricity. As heat pumps, they transfer heat to a device from one side to the other. Therefore, TEGs are like heat engines but are compact in size, silent, and have no moving parts. TEGs have a longer operational life and have no maintenance requirements, which make them a preferred choice for unmanned sites like offshore gas pipelines.

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this Thermoelectric Generator market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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