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Thermoelectric Material-Global Market Insights and Sales Trends 2025
Synopsis
Thermoelectric materials show the thermoelectric effect in a strong or convenient form.
The thermoelectric effect refers to phenomena by which either a temperature difference creates an electric potential or an electric potential creates a temperature difference. These phenomena are known more specifically as the Seebeck effect (converting temperature to current), Peltier effect (converting current to temperature), and Thomson effect (conductor heating/cooling). While all materials have a nonzero thermoelectric effect, in most materials it is too small to be useful. However, low-cost materials that have a sufficiently strong thermoelectric effect (and other required properties) could be used in applications including power generation and refrigeration. A commonly used thermoelectric material in such applications is bismuth telluride.
Thermoelectric materials are used in thermoelectric systems for cooling or heating in niche applications, and are being studied as a way to regenerate electricity from waste heat.
The global Thermoelectric Material market size is expected to reach US$ 59 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of Thermoelectric Material in various end use industries. The expanding demands from the Automotive, Electronics, Biomedical and Other Industry, are propelling Thermoelectric Material market. Bi-Te, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pb-Te segment is estimated at % CAGR for the next seven-year period.
Global Thermoelectric Material key players include Ferrotec, Laird, KELK, etc. Global top three manufacturers hold a share over 55%.
China is the largest market, with a share over 40%, followed by Japan and North America, both have a share over 35 percent.
In terms of product, Bi-Te is the largest segment, with a share over 85%. And in terms of application, the largest application is Automotive, followed by Electronics, Biomedical, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Thermoelectric Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Thermoelectric Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Thermoelectric Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Thermoelectric Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Thermoelectric Material covered in this report include Ferrotec, Laird, KELK, Thermonamic Electronics, Marlow, RMT, EVERREDtronics, Crystal and Hi-Z, etc.
The global Thermoelectric Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ferrotec
Laird
KELK
Thermonamic Electronics
Marlow
RMT
EVERREDtronics
Crystal
Hi-Z
Tellurex
Global Thermoelectric Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Thermoelectric Material market, Segment by Type:
Bi-Te
Pb-Te
Other Materials
Global Thermoelectric Material market, by Application
Automotive
Electronics
Biomedical
Other Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Thermoelectric Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Thermoelectric Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Thermoelectric materials show the thermoelectric effect in a strong or convenient form.
The thermoelectric effect refers to phenomena by which either a temperature difference creates an electric potential or an electric potential creates a temperature difference. These phenomena are known more specifically as the Seebeck effect (converting temperature to current), Peltier effect (converting current to temperature), and Thomson effect (conductor heating/cooling). While all materials have a nonzero thermoelectric effect, in most materials it is too small to be useful. However, low-cost materials that have a sufficiently strong thermoelectric effect (and other required properties) could be used in applications including power generation and refrigeration. A commonly used thermoelectric material in such applications is bismuth telluride.
Thermoelectric materials are used in thermoelectric systems for cooling or heating in niche applications, and are being studied as a way to regenerate electricity from waste heat.
The global Thermoelectric Material market size is expected to reach US$ 59 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of Thermoelectric Material in various end use industries. The expanding demands from the Automotive, Electronics, Biomedical and Other Industry, are propelling Thermoelectric Material market. Bi-Te, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pb-Te segment is estimated at % CAGR for the next seven-year period.
Global Thermoelectric Material key players include Ferrotec, Laird, KELK, etc. Global top three manufacturers hold a share over 55%.
China is the largest market, with a share over 40%, followed by Japan and North America, both have a share over 35 percent.
In terms of product, Bi-Te is the largest segment, with a share over 85%. And in terms of application, the largest application is Automotive, followed by Electronics, Biomedical, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Thermoelectric Material, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Thermoelectric Material market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Thermoelectric Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Thermoelectric Material sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Thermoelectric Material covered in this report include Ferrotec, Laird, KELK, Thermonamic Electronics, Marlow, RMT, EVERREDtronics, Crystal and Hi-Z, etc.
The global Thermoelectric Material market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ferrotec
Laird
KELK
Thermonamic Electronics
Marlow
RMT
EVERREDtronics
Crystal
Hi-Z
Tellurex
Global Thermoelectric Material market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Thermoelectric Material market, Segment by Type:
Bi-Te
Pb-Te
Other Materials
Global Thermoelectric Material market, by Application
Automotive
Electronics
Biomedical
Other Industry
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Thermoelectric Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Thermoelectric Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Thermoelectric Material Market Overview
1.1 Thermoelectric Material Product Overview
1.2 Thermoelectric Material Market Segment by Type
1.2.1 Bi-Te
1.2.2 Pb-Te
1.2.3 Other Materials
1.3 Global Thermoelectric Material Market Size by Type
1.3.1 Global Thermoelectric Material Market Size Overview by Type (2018-2029)
1.3.2 Global Thermoelectric Material Historic Market Size Review by Type (2018-2023)
1.3.3 Global Thermoelectric Material Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Thermoelectric Material Sales Breakdown by Type (2018-2023)
1.4.2 Europe Thermoelectric Material Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Thermoelectric Material Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Thermoelectric Material Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Thermoelectric Material Sales Breakdown by Type (2018-2023)
2 Global Thermoelectric Material Market Competition by Company
2.1 Global Top Players by Thermoelectric Material Sales (2018-2023)
2.2 Global Top Players by Thermoelectric Material Revenue (2018-2023)
2.3 Global Top Players by Thermoelectric Material Price (2018-2023)
2.4 Global Top Manufacturers Thermoelectric Material Manufacturing Base Distribution, Sales Area, Product Type
2.5 Thermoelectric Material Market Competitive Situation and Trends
2.5.1 Thermoelectric Material Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Thermoelectric Material Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Thermoelectric Material as of 2022)
2.7 Date of Key Manufacturers Enter into Thermoelectric Material Market
2.8 Key Manufacturers Thermoelectric Material Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Thermoelectric Material Status and Outlook by Region
3.1 Global Thermoelectric Material Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Thermoelectric Material Historic Market Size by Region
3.2.1 Global Thermoelectric Material Sales in Volume by Region (2018-2023)
3.2.2 Global Thermoelectric Material Sales in Value by Region (2018-2023)
3.2.3 Global Thermoelectric Material Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Thermoelectric Material Forecasted Market Size by Region
3.3.1 Global Thermoelectric Material Sales in Volume by Region (2024-2029)
3.3.2 Global Thermoelectric Material Sales in Value by Region (2024-2029)
3.3.3 Global Thermoelectric Material Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Thermoelectric Material by Application
4.1 Thermoelectric Material Market Segment by Application
4.1.1 Automotive
4.1.2 Electronics
4.1.3 Biomedical
4.1.4 Other Industry
4.2 Global Thermoelectric Material Market Size by Application
4.2.1 Global Thermoelectric Material Market Size Overview by Application (2018-2029)
4.2.2 Global Thermoelectric Material Historic Market Size Review by Application (2018-2023)
4.2.3 Global Thermoelectric Material Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Thermoelectric Material Sales Breakdown by Application (2018-2023)
4.3.2 Europe Thermoelectric Material Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Thermoelectric Material Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Thermoelectric Material Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Thermoelectric Material Sales Breakdown by Application (2018-2023)
5 North America Thermoelectric Material by Country
5.1 North America Thermoelectric Material Historic Market Size by Country
5.1.1 North America Thermoelectric Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Thermoelectric Material Sales in Volume by Country (2018-2023)
5.1.3 North America Thermoelectric Material Sales in Value by Country (2018-2023)
5.2 North America Thermoelectric Material Forecasted Market Size by Country
5.2.1 North America Thermoelectric Material Sales in Volume by Country (2024-2029)
5.2.2 North America Thermoelectric Material Sales in Value by Country (2024-2029)
6 Europe Thermoelectric Material by Country
6.1 Europe Thermoelectric Material Historic Market Size by Country
6.1.1 Europe Thermoelectric Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Thermoelectric Material Sales in Volume by Country (2018-2023)
6.1.3 Europe Thermoelectric Material Sales in Value by Country (2018-2023)
6.2 Europe Thermoelectric Material Forecasted Market Size by Country
6.2.1 Europe Thermoelectric Material Sales in Volume by Country (2024-2029)
6.2.2 Europe Thermoelectric Material Sales in Value by Country (2024-2029)
7 Asia-Pacific Thermoelectric Material by Region
7.1 Asia-Pacific Thermoelectric Material Historic Market Size by Region
7.1.1 Asia-Pacific Thermoelectric Material Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Thermoelectric Material Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Thermoelectric Material Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Thermoelectric Material Forecasted Market Size by Region
7.2.1 Asia-Pacific Thermoelectric Material Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Thermoelectric Material Sales in Value by Region (2024-2029)
8 Latin America Thermoelectric Material by Country
8.1 Latin America Thermoelectric Material Historic Market Size by Country
8.1.1 Latin America Thermoelectric Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Thermoelectric Material Sales in Volume by Country (2018-2023)
8.1.3 Latin America Thermoelectric Material Sales in Value by Country (2018-2023)
8.2 Latin America Thermoelectric Material Forecasted Market Size by Country
8.2.1 Latin America Thermoelectric Material Sales in Volume by Country (2024-2029)
8.2.2 Latin America Thermoelectric Material Sales in Value by Country (2024-2029)
9 Middle East and Africa Thermoelectric Material by Country
9.1 Middle East and Africa Thermoelectric Material Historic Market Size by Country
9.1.1 Middle East and Africa Thermoelectric Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Thermoelectric Material Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Thermoelectric Material Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Thermoelectric Material Forecasted Market Size by Country
9.2.1 Middle East and Africa Thermoelectric Material Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Thermoelectric Material Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Ferrotec
10.1.1 Ferrotec Company Information
10.1.2 Ferrotec Introduction and Business Overview
10.1.3 Ferrotec Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Ferrotec Thermoelectric Material Products Offered
10.1.5 Ferrotec Recent Development
10.2 Laird
10.2.1 Laird Company Information
10.2.2 Laird Introduction and Business Overview
10.2.3 Laird Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Laird Thermoelectric Material Products Offered
10.2.5 Laird Recent Development
10.3 KELK
10.3.1 KELK Company Information
10.3.2 KELK Introduction and Business Overview
10.3.3 KELK Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.3.4 KELK Thermoelectric Material Products Offered
10.3.5 KELK Recent Development
10.4 Thermonamic Electronics
10.4.1 Thermonamic Electronics Company Information
10.4.2 Thermonamic Electronics Introduction and Business Overview
10.4.3 Thermonamic Electronics Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Thermonamic Electronics Thermoelectric Material Products Offered
10.4.5 Thermonamic Electronics Recent Development
10.5 Marlow
10.5.1 Marlow Company Information
10.5.2 Marlow Introduction and Business Overview
10.5.3 Marlow Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Marlow Thermoelectric Material Products Offered
10.5.5 Marlow Recent Development
10.6 RMT
10.6.1 RMT Company Information
10.6.2 RMT Introduction and Business Overview
10.6.3 RMT Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.6.4 RMT Thermoelectric Material Products Offered
10.6.5 RMT Recent Development
10.7 EVERREDtronics
10.7.1 EVERREDtronics Company Information
10.7.2 EVERREDtronics Introduction and Business Overview
10.7.3 EVERREDtronics Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.7.4 EVERREDtronics Thermoelectric Material Products Offered
10.7.5 EVERREDtronics Recent Development
10.8 Crystal
10.8.1 Crystal Company Information
10.8.2 Crystal Introduction and Business Overview
10.8.3 Crystal Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Crystal Thermoelectric Material Products Offered
10.8.5 Crystal Recent Development
10.9 Hi-Z
10.9.1 Hi-Z Company Information
10.9.2 Hi-Z Introduction and Business Overview
10.9.3 Hi-Z Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Hi-Z Thermoelectric Material Products Offered
10.9.5 Hi-Z Recent Development
10.10 Tellurex
10.10.1 Tellurex Company Information
10.10.2 Tellurex Introduction and Business Overview
10.10.3 Tellurex Thermoelectric Material Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tellurex Thermoelectric Material Products Offered
10.10.5 Tellurex Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Thermoelectric Material Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Thermoelectric Material Industrial Chain Analysis
11.4 Thermoelectric Material Market Dynamics
11.4.1 Thermoelectric Material Industry Trends
11.4.2 Thermoelectric Material Market Drivers
11.4.3 Thermoelectric Material Market Challenges
11.4.4 Thermoelectric Material Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Thermoelectric Material Distributors
12.3 Thermoelectric Material Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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