The global Thermoelectric
Generators Market is expected to witness significant demand over the
forecast period. Thermoelectric generators are solid-state devices that
convert heat into electricity. Apart from traditional dynamic heat engines,
thermoelectric generators comprise moving parts and are totally silent. Such
generators have been used reliably for over year free of maintenance. On the
basis of end-user, the global thermoelectric generators market is segmented
into automotive, aerospace & defense, industrial and self-powered sensors.
In comparison with large and
traditional heat engines, thermoelectric generators possess lower efficiency.
For small applications thermoelectrics can become compact, simple, and
scalable. Thermoelectric systems can be easily built to operate with small heat
sources and minimal differences in temperatures. Such small generators can be
produced enormously for use in automotive waste heat recovery.
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Commercially, thermoelectric
generators are suitable for small scale applications and an appropriate
substitute for traditional dynamic thermal to electric generators. Further,
these generators function in producing heat from waste. Being portable in power
such generators use conventional batteries and the energy density is multiple
in conversions. Another advantage of having a thermoelectric generator is, it
can be used to harvest very small amounts of heat for low power applications such
as wireless sensor networks, mobile devices and medical applications. For
instance, thermoelectric energy can be harvested in wristwatch which uses thin
bulk thermoelectric devices. The watch is then driven by heat generated by the
body which is converted into electric power. From the manufacturing point of
view, manufacturers of bulk thermoelectric device, typically have
thermoelectric elements of 1-3mm in length which implies that the size of
thermoelectric elements can also be reduced.
The key driving factors
responsible for the growth of thermoelectric generators market include long
lifetime with low maintenance, sophistication in operations and lowest
greenhouse gas emissions. Additionally, the preference of thermoelectric
generators for heating as well as cooling applications is contributing to the
market growth. However, thermoelectric generators being less efficient compared
to traditional heat engines are likely to impede the market growth during the
forecast period.
On the basis of source, the global
thermoelectric generators market is segmented into waste heat recovery, energy
harvesting, direct power generation and co-generation. On the basis of
material, the global market is segmented into Bi-Te, and Pb-Te. On the basis of
wattage, the global thermoelectric generators industry is segmented into
<10W, 10-1kW, >1kW. On the basis of temperature, the global
thermoelectric generators market is segmented into <80oC, 80-500oC and
>500oC.
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