Automotive thermoelectric power generation technology converts vehicle waste heat into electrical energy for use in various vehicle electrical systems, improving fuel efficiency and reducing greenhouse gas emissions.
Thermoelectric Materials Market Size – USD 65.38 Billion in 2021, Growth – at a CAGR of 8.0%, Trends – Growing demand for fuel efficiency in automobiles.
The global Thermoelectric Materials Market size was USD 65.38 Billion in 2021 and is expected to register a revenue CAGR of 8.0% over the forecast period, according to the latest report by Reports and Data.
The market for thermoelectric materials is experiencing high demand, driven by increasing applications in industry, automotive, healthcare, and electrical and electronic devices. Factors such as increasing demand for fuel efficiency in automobiles, increasing adoption of thermoelectric generators, government support initiatives, and increasing demand for renewable energy are driving the market demand.
In consumer electronics applications, thermoelectric generators offer several advantages, including improved energy savings when using heat-driven cooking sensors that can power smart devices and other products. Thermoelectric sensors are also widely used in wristbands and clothing to monitor body vital signs such as body temperature and heart rate. There is an increasing focus on developing green and clean energy technologies to reduce fossil fuel consumption, non-renewable resources, and greenhouse gas emissions. As the demand for thermoelectric generators for green and clean energy generation grows, so will the demand for thermoelectric materials.
Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/5882
Top Companies: Laird Thermal Systems Inc., Marlow Industries Inc., Thermonamic Electronics, Tellurex, Ferrotec, EVERREDtronics, Hi-Z, RMT Ltd., KELK, Crystal Ltd.
Key Companies in the market include:
- The thermoelectric materials market is experiencing high demand driven by the growing demand for fuel efficiency in automobiles. Vehicle exhaust is a major contributor to the world's greenhouse gas (GHG) emissions, with a typical passenger car emitting about 4.6 tonnes of CO2 annually. It is also estimated that the total number of light commercial vehicles (LCVs) on the road will exceed 2 billion by 2050, consuming a significant portion of global oil production.
- Automotive thermoelectric power generation technology converts vehicle waste heat into electrical energy for use in various vehicle electrical systems, improving fuel efficiency and reducing greenhouse gas emissions. In addition, several automakers such as Ford, Volvo, Volkswagen and BMW are working with NASA to develop internal thermoelectric waste heat recovery systems.
- In August 2020, Laird Thermal Systems announced the development of a high temperature, solid-state HiTemp ETX series thermoelectric cooler for LiDAR sensor and 3D imaging applications. The product can operate at temperatures up to 150°C, which exceeds most outdoor applications.
To know more about the report https://www.reportsanddata.com/report-detail/thermoelectric-materials-market
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
To Get Insights Speak to Analyst https://www.reportsanddata.com/inquiry-before-buying/5882
Key questions covered in the global Thermoelectric Materials market report:
- What is the expected market size of the global Thermoelectric Materials market during the forecast period?
- What factors are expected to hamper global Thermoelectric Materials market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Thermoelectric Materials market?
Request a customization of the report https://www.reportsanddata.com/request-customization-form/5882
Thank you for reading the report. Kindly contact us to know more about the customization plan that we offer as per client requirement. Our team will ensure that the report is well suited as per your requirement.
Browse More Reports:
Alcohol Ethoxylates Market https://www.reportsanddata.com/report-detail/alcohol-ethoxylates-market
Lightweight Aggregate Concrete Market https://www.reportsanddata.com/report-detail/lightweight-aggregate-concrete-market
Polystyrene Market https://www.reportsanddata.com/report-detail/polystyrene-market
Styrene Market https://www.reportsanddata.com/report-detail/styrene-market
High Performance Flooring System Market https://www.reportsanddata.com/report-detail/high-performance-flooring-system-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
