Thermoelectric Modules Market

A thermoelectric (TE) module, also called a thermoelectric cooler or Peltier cooler, is a semiconductor-based electronic component that functions as a small heat pump. By applying a low voltage DC power source to a TEM, heat will be moved through the module from one side to the other. One module face, therefore, will be cooled while the opposite face simultaneously is heated. It is important to note that this phenomenon is fully reversible whereby a change in the polarity of the applied DC voltage will cause heat to be moved in the opposite direction. Consequently, a TEM may be used for both cooling and heating in a given application.

Thermoelectric Modules Market contains market size and forecasts of Thermoelectric Modules in global, including the following market information:

Global Thermoelectric Modules Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Thermoelectric Modules Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Thermoelectric Modules companies in 2021 (%)

The global Thermoelectric Modules market was valued at 651.7 million in 2021 and is projected to reach US$ 1099.1 million by 2028, at a CAGR of 7.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Single Stage Module Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Thermoelectric Modules include Ferrotec, Laird, KELK, Marlow, RMT, CUI, Hi-Z, Tellurex and Crystal, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Thermoelectric Modules manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Thermoelectric Modules Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Thermoelectric Modules Market Segment Percentages, by Type, 2021 (%)

Single Stage Module

Multistage Module

Global Thermoelectric Modules Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Thermoelectric Modules Market Segment Percentages, by Application, 2021 (%)

Automotive

Electronics

Biomedical

Others

Global Thermoelectric Modules Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Thermoelectric Modules Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Thermoelectric Modules revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Thermoelectric Modules revenues share in global market, 2021 (%)

Key companies Thermoelectric Modules sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Thermoelectric Modules sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Ferrotec

Laird

KELK

Marlow

RMT

CUI

Hi-Z

Tellurex

Crystal

P&N Tech

Thermonamic Electronics

Kryo Therm

Wellen Tech

AMS Technologies