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Global Thermoelectric Generator Market Size and Forecast to Grow at a CAGR of 12.95% Till Year 2021

Press Release   •   Aug 14, 2017 06:47 EDT

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 makes them a preferred choice for unmanned sites like offshore gas pipelines.

Technavios analysts forecast the global thermoelectric generator market to grow at a CAGR of 12.95% during the period 2017-2021.
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Covered in this report

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.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavios report, 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.

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Key vendors
  • Alphabet Energy
  • Ferrotec Corporation
  • Gentherm Global Power Technologies (GPT)
Other prominent vendors
  • II-VI Marlow
  • Align Sourcing
  • EH4
  • EVERREDtronics
  • Evident Thermoelectrics
  • greenTEG
  • Hi-Z Technology
  • Hotblock Onboard
  • KELK
  • Marvel Thermoelectrics
  • Matrix Industries
  • O-Flexx Technologies
  • otego
  • Perpetua Power Source Technologies
  • Phononic
  • Romny Scientific
  • Tellurex Corporation
  • TE Technology
  • Yamaha Corporation
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Market driver

Applicability in harsh environments

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Market challenge

Low conversion efficiency

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Market trend

Automation of industries

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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 market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?