According
to an estimation, almost half of the energy is wasted as heat, for
example heat generated by vehicle and heavy equipment.Most of the
heat generated is wasted as it escapes in the air. The rising demand
of energy has generated the need of trapping the wasted heat, which
can serve as readily available source of energy. The phenomenon of
using this thermal energy to generate electricity is being used
widely through thermoelectric devices. Thermoelectric effects are
conversion of temperature differences to electricity or vice versa.
The workingprincipal of thermal harvesting devices is based mostly on
Seedbeck effect. The thermoelectric devices are widely used for
heating or cooling. However, more recently the manufacturer are
trying to use them in generating electricity on a broader basis.
Although there are many products belonging to this category, the
market is still considered as niche segment with very few buyers.
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Thermoelectric Devices Market Report with Full TOC at
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The
thermoelectric devices generate the voltage using the temperature
difference between metals called as Seedbeck effect, or inversely
using voltage generate thermal energy as in Peltier effect. The
market has seen limited growth in the past few years. Earlier
thethermoelectric devices’ market was divided in consumer cooling
applications and some niche applications such as waste heat recovery.
However, in recent year the companies are working on bringing up more
efficient product ranging in varied sector. According to the recent
applications, the upcoming segmentscan be seen in the form of
wireless sensors & networks, waste heat recover system for
vehicles, military & aerospace and innovative consumer
applications.
The
thermo generatorscan be used to power the wireless sensors in places
having temperature difference. This would help to eradicate the
issues in sensors such as battery life and consistency. Some of the
applications developed in this types have extremely low energy demand
thus increasing the acceptance of the technology. Companies such as
Das Volkswagen, Ford, BMW and others have collaborated with NASA to
develop the waste heat recovery systems for vehicle. The systems
developed so far can produce power output nearly around 1000W and
provides 3-5% improvements in fuel economy. In consumer applications,
the recent products include thermo-powered cooking sensors, mobile
phones power supplier, watches, sensory wristbands, clothing, and
apparel among others. The wide product portfolio may result in
accelerated growth of the market.
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There
are more than 300 laborites worldwide working on thermoelectric
devices technology. The USA, Germany, Japan and Korea are among the
major countries focusing in development of this technology. The major
hindrance in the spread of thermoelectric device’s market is the
huge cost of installation. On the brighter side the efficiency of
these devices has been proved useful in sector such as military and
aerospace where cost is not a major concern. These technology is
being used formore than a decade in this sector for applications such
as satellite and space probe. The property of providing reliablepower
supply in extreme conditions has helped in generating the millions
dollar market for thermoelectric technology,in this sector.
Some
of the key players in thermoelectric devices market are
Gentherm,Evident Thermoelectrics, greenTEG AG, KELK Ltd., II-VI
Marlow, Inc., Perpetua Power Source Technologies, Inc.,Romny
Scientific, Inc.,Laird Technologies, Inc.,Ferrotec (USA) Corporation,
RGS Development, B.V. Tellurex Corporation, and Micropelt GmbH, among
others.
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TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
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report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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