|
(MoneyNewsWire.Net, May 19, 2018 ) The thermoelectric generators market is projected to grow from an estimated USD 368.5 Million in 2017 to USD 715.8 Million by 2022, at a CAGR of 14.20% during the forecast period, 2017 to 2022. The growth of the market across the globe can be attributed to the increasing demand to recover the waste heat generated by various industries. Due to increasing environmental concerns, the demand to improve the efficiency of engines is growing. Thermoelectric generators play an important role in increasing efficiency by utilizing waste heat.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-thermoelectric-generators-market-analysis-and-forecast-to-2022-growth-opportunity-assessmen/8382705
The thermoelectric generators market has been segmented on the basis of end user, source, component, temperature, wattage, material, and region. Based on end user, the market has been segmented into automotive, aerospace, defense, industrial, consumer, and others. The automotive segment is projected to lead the thermoelectric generators market owing to the wide adoption of thermoelectric generators in automobiles to convert exhaust heat into electrical energy in order to increase the overall efficiency of the engine.
Based on source, the thermoelectric generators market has been segmented into waste heat recovery, energy harvesting, direct power generation, and co-generation. The energy harvesting segment is expected to grow at the highest CAGR in the market during the forecast period, owing to the increasing demand for consumer and defense applications wherein, thermoelectric generators are used to power wearable devices.
Request free sample @ https://www.researchcosmos.com/request/8382705
The thermoelectric generators market has been studied for North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is estimated to be the largest market for thermoelectric generators in 2017. Countries, such as the U.S. and Canada in the North American region are witnessing an increasing adoption of thermoelectric generators in the automotive industry. The markets in the European and Asia-Pacific regions are also expected to witness high growth, owing to the rapid commercialization of thermoelectric generators in industrial applications.
High cost and low efficiency of thermoelectric generators can act as challenge for the growth of the thermoelectric generators market.
Major companies profiled in the report include Gentherm Inc. (U.S.), II-VI Marlow Inc. (U.S.), Ferrotec Corporation (Japan), Laird plc (U.K.), and Evident Thermoelectrics (U.S.), among others. Acquisitions and new product launches were the key strategies adopted by the leading players in the thermoelectric generators market from 2012 to 2016. These strategies have enabled companies to strengthen their positions in the market.
Check for discount @ https://www.researchcosmos.com/discount/8382705
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
