Thermoelectric Module Market Size, Share And Global Trend By Type (Micro Thermoelectric, Thin Film Thermoelectric, Bulk Thermoelectric), By Material (Bismuth Telluride, Lead Telluride, Silicon Germanium, Bismuth-Antimony), By End Use (Aerospace and Defence, Automotive, Consumer electronics, Healthcare, Food & Beverages, Energy & Utility, Refrigerant and Chillers), And Geography Forecast Till 2030

Thermoelectric module (TEM) also known as a thermoelectric cooler or Peltier cooler is a semiconductor component which functions as a small heat pump, transferring heat from one end of the device to the other. The thermoelectric module is generally used for cooling purpose or precise temperature cooling systems, but it can also be used for heating purpose. Further, it can be utilized as a generator by using waste heat and directly generated energy. The thermoelectric module finds application in varied business fields, such as for the protection of critical components in a harsh environment, equipment of computer microprocessors and robotics, cabinet cooling and for the consumer in food/beverage containers, chilled water dispensers, small refrigerators, etc. Other application areas include telecommunications, defence, aerospace, photonics and medical instruments.

Along with heating and cooling functionality, waste heat recovery and direct energy generation can be done with the help of thermoelectric modules. There is a high demand for alternative energy technologies so as to reduce our dependence on fossil fuels. Increasing demand for energy along with global energy crises and environmental deterioration has created a huge demand for the thermoelectric module. A prominent trend observed in the market is the booming industry of wearable coolers, which is having a positive impact thermoelectric module coolers over the traditional systems, thereby reducing global warming and providing savings on energy costs.

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The most active area for energy recovery is the automotive sector. The aeronautics sector is also looking into the use of hot gases from the engines of airplanes or helicopters for energy. Maritime transport offers interesting prospects for the thermoelectric module due to the presence of a free cold sink(fresh water, sea water). For aeroplanes and helicopters, a significant amount of heat is released from aircraft jet engines and turbine engines, this can be used through the thermoelectric module. A preliminary study conducted by Boeing Research & Technology showed that a fuel reduction of 0.5% or more is achievable with the thermoelectric module.

Key Players Covered

The key players in the global thermoelectric module market are TE Technology Inc., II-VI Marlow, Gentherm, Ferrotec, TEC Microsystems, Thermion Company, Crystal Ltd, KELK Ltd., KRYOTHERM, and Laird Technologies, among others. These players are contributing to the enhancement and improvisation devices in the field. Gentherm is actively working on innovating and formulating the next generation of automobiles by using its patent thermoelectric module, which is designed to improve the performance of electric and hybrid vehicles. This is achieved by balancing the temperature variations in batteries and protecting them from overheating, which provides the best possible output in terms of maximum performance and charging capacity. Further, it provides the flexibility to integrate as per specific customer specifications.

SEGMENTATION

Asia Pacific is predicted to hold a large revenue share of global thermoelectric module market. In this region, the cost of production has decreased over the past decade, mainly due to low labour cost and increasing demand for the thermoelectric module from rapidly developing semiconductor industry. India and China are expected to be the major contributor to the growing demand for the thermoelectric module in Asia-Pacific. Top manufacturers are mainly present in North America as it has extensive demand for end-user applications such as automotive, telecommunications, and medical and laboratories.

Key Industry Developments

• March 2019: TEC Microsystems GmbH introduced modification and optimization ways of thermoelectric coolers with a "header-free" concept, for directly applying thermoelectric current on PCB.  This product allows to simplify packaging solutions, cost reduction in the end product volume manufacturing and further simplified the assembly processes for its primary applications with TECs.  The main focus of this initiative is on low heatload applications like VCSELs, APD Arrays and IR- detectors with temperature stabilization requirements.


• December 2018: Osaka University developed an inexpensive large-scale flexible thermoelectric generator (FlexTEG) module with high mechanical reliability for highly efficient power generation.