Global Thermoelectric Modules Market Growth 2023-2029

Global Thermoelectric Modules Market Growth 2023-2029

Product Code:457369

Published Date: Feb 08,2023

Pages: 112

Region: Global

Category: Electronics & Semiconductor

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The Thermoelectric Cooler module (TEM), also known as the Thermoelectric Cooler or Thermoelectric Cooler, is a semiconductor device composed of many small and effective heat pumps. By loading a low DC voltage at both ends of the Thermoelectric Cooler, the heat will flow from one end of the component to the other.

At this point, one end of the cooler will be cooler and the other end will be warmer.

By changing the direction of the current, you can change the direction of the heat flow, sending heat to the other end.

Thermoelectric coolers, also known as solid state heat pumps, can perform both cooling and heating functions on a single thermoelectric refrigerator.

By changing the direction of the current, the cooling plate can have the function of cooling and heating.

By changing the current, the cooling temperature is different, and thermoelectric coolers can be used for precise temperature control.

LPI (LP Information)' newest research report, the “Thermoelectric Modules Industry Forecast” looks at past sales and reviews total world Thermoelectric Modules sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermoelectric Modules sales for 2023 through 2029. With Thermoelectric Modules sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoelectric Modules industry.

This Insight Report provides a comprehensive analysis of the global Thermoelectric Modules landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoelectric Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermoelectric Modules market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoelectric Modules and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoelectric Modules.

The global Thermoelectric Modules market size is projected to grow from US$ 820.5 million in 2022 to US$ 1753.8 million in 2029; it is expected to grow at a CAGR of 1753.8 from 2023 to 2029.

Global core thermoelectric cooler manufacturers include Ferrotec, II-VI Marlow etc.The top 3 companies hold a share about 40%.China is the largest market, with a share about 28%, followed by North America and Japan with the share about 23% and 20%.In terms of product, single stage module is the largest segment, with a share over 50%. And in terms of application, the largest application is consumer electronics, followed by communication.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoelectric Modules market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Single Stage Module
    Multiple Modules
    Others (Micromodules, Etc.)

Segmentation by application
    Consumer Electronics
    Communication
    Medical Experiment
    Automobile
    Industrial
    Aerospace Defense
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Ferrotec
    II-VI Marlow
    KELK Ltd.
    Laird Thermal Systems
    Z-MAX
    RMT Ltd.
    Guangdong Fuxin Technology
    Thermion Company
    Crystal Ltd
    CUI Devices
    Kryotherm Industries
    Phononic
    Merit Technology Group
    TE Technology
    KJLP electronics co., ltd
    Thermonamic Electronics

Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermoelectric Modules market?
What factors are driving Thermoelectric Modules market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermoelectric Modules market opportunities vary by end market size?
How does Thermoelectric Modules break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?