Thermoelectric Generators Market Trends, Analysis And Growth Report 2022

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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