Micro Thermoelectric Modules: Global Markets to 2023 - Lack of Drive for Commercialization of Thermoelectrics is Restraining Market Growth - ResearchAndMarkets.com

DUBLIN--()--The "Global Micro Thermoelectric Modules Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

Technological advancements resulted in product miniaturization and gave rise to a multitude of micro devices such as microprocessors, micro sensors, microcontrollers, and micro instruments. Thermoelectric technology can be used to solve thermal problems in microelectronic circuits by catering unattended & continuous power requirements, and backup power on manned platforms for critical communications & emergency shutdown systems.

The primary factors that hinder the growth of the thermoelectric modules market are their high cost and low efficiency. The market still has to overcome the inefficiency hurdle on a commercial scale to make the thermoelectric materials an attractive proposition. The discovery and development of thermoelectric materials are becoming more and more crucial for future energy challenges. Energy conversion processes can be done with almost negligible greenhouse gas emissions with the help of thermoelectric devices. However, there has not been sufficient drive to commercialize the thermoelectric products, owing to the lack of supplies from the thermoelectric materials side.

In 2016, among all the regions, Asia-Pacific accounted for the most significant share of the global micro thermoelectric modules market. The growth of Asia-Pacific can be attributed to the performance of burgeoning economies of India and China. The low cost of production owing to the low labor cost, and growing demand for thermoelectric modules in various applications are some of the factors for the rise in demand in the Asia Pacific.

On the other hand, nascent industrial automation and lack of proper technological awareness are some of the factors constraining the market for micro thermoelectric devices in the region. China is the most prominent market for micro thermoelectric devices; it is followed by Japan and India respectively. This region is projected to dominate the global micro thermoelectric modules market over the forecast period.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value-Chain Analysis

6. Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Profiles

  • Ferrotec Corporation
  • KELK Ltd (Subsidiary of Komatsu Ltd.)
  • Kryotherm
  • Laird Technologies
  • II-VI Marlow
  • Micropelt GmbH
  • RMT ltd
  • TEC Micro Systems
  • Yamaha Corporation

10. Competitive Landscape

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Contacts

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Related Topics: Optoelectronics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Optoelectronics