1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 REGIONAL SCOPE 22
1.3.3 YEARS CONSIDERED FOR THE STUDY 23
1.4 CURRENCY 23
1.5 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key data from secondary sources 26
2.1.2 PRIMARY DATA 26
2.1.2.1 Key data from primary sources 27
2.1.2.2 Breakdown of primaries 27
2.2 MARKET DEFINITION & SCOPE 28
2.2.1 SEGMENT DEFINITIONS 28
2.2.1.1 Thermoelectric generators market, by vertical 28
2.2.1.2 Thermoelectric generators market, by component 28
2.2.1.3 Thermoelectric generators market, by material 28
2.2.1.4 Thermoelectric generators market, by wattage 28
2.2.1.5 Thermoelectric generators market, by temperature 28
2.2.1.6 Thermoelectric generators market, by application 28
2.2.2 EXCLUSIONS 28
2.3 MARKET SIZE ESTIMATION & METHODOLOGY 29
2.3.1 MARKET SIZING & FORECASTING 30
2.3.2 TOP-DOWN APPROACH 30
2.4 DATA TRIANGULATION 31
2.5 LIMITATIONS 32

3 EXECUTIVE SUMMARY 33

4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THERMOELECTRIC GENERATORS MARKET 36
4.2 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT 36
4.3 THERMOELECTRIC GENERATORS MARKET, BY REGION 37

5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 Increasing demand for solid-state energy converters 39
5.2.1.2 Growth of renewable energy in power sector 39
5.2.1.3 Requirement for durable and maintenance-free power sources 40
5.2.2 OPPORTUNITIES 40
5.2.2.1 Increasing adoption of thermoelectric generators across various sector 40
5.2.2.2 Growing demand for low-power generators in sensor networks 40
5.2.3 CHALLENGES 41
5.2.3.1 High cost of thermoelectric materials 41
5.2.3.2 Complex design modification of thermoelectric generators and presence of prominent substitutes 42

6 INDUSTRY TRENDS 43
6.1 INTRODUCTION 43
6.2 TECHNOLOGY TRENDS 43
6.2.1 THERMOELECTRIC GENERATION TECHNOLOGY IN AUTOMOBILE 43
6.2.2 RADIOISOTOPE THERMOELECTRIC GENERATORS 43
6.2.3 MINIATURE THERMOELECTRIC GENERATORS 43
6.2.4 WEARABLE THERMOELECTRIC GENERATORS 44
6.2.5 THERMOELECTRIC GENERATORS IN AEROSPACE AND DEFENSE INDUSTRIES 44
6.2.6 ADVANCEMENT IN THERMOELECTRIC MATERIALS 44
6.3 RECENT FUNDING IN THERMOELECTRIC GENERATORS MARKET 45
6.4 INNOVATIONS AND PATENT REGISTRATIONS 45

7 THERMOELECTRIC COOLERS 48
7.1 INTRODUCTION 48
7.2 USES OF THERMOELECTRIC COOLERS ACROSS VERTICALS 48
7.2.1 HEALTHCARE 48
7.2.2 CONSUMER ELECTRONICS 48
7.2.3 AUTOMOTIVE 48

8 THERMOELECTRIC GENERATORS MARKET, BY APPLICATION 49
8.1 INTRODUCTION 50
8.2 WASTE HEAT RECOVERY 51
8.2.1 HIGH DEMAND FOR INDUSTRIAL WASTE HEAT HARVESTING IS EXPECTED TO INCREASE THE DEMAND FOR TEGS 51
8.3 ENERGY HARVESTING 52
8.3.1 INCREASING DEMAND FOR CONSUMER AND HEALTHCARE WEARABLES WILL DRIVE THE GROWTH OF THE THERMOELECTRIC GENERATORS MARKET 52
8.4 DIRECT POWER GENERATION 52
8.4.1 INCREASING DEMAND FOR THERMOELECTRIC GENERATORS IN AEROSPACE, MINING, AND INDUSTRIAL SECTORS IS EXPECTED TO DRIVE THE DIRECT POWER GENERATION DURING THE FORECAST PERIOD 52
8.5 CO-GENERATION 53
8.5.1 ADVANCEMENTS IN INDUSTRIAL CO-GENERATION SYSTEMS WILL DRIVE
THE MARKET FOR TEGS 53

9 THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE 55
9.1 INTRODUCTION 56
9.2 LOW TEMPERATURE (<80?C) 57
9.2.1 INCREASING USE OF WEARABLE DEVICES IN BOTH COMMERCIAL AND HEALTHCARE APPLICATIONS IS DRIVING THE LOW TEMPERATURE SEGMENT 57
9.3 MEDIUM TEMPERATURE (80?- 500?C) 57
9.3.1 MANDATE BY REGULATORY AUTHORITIES FOR FUEL EFFICIENCY AND REDUCED CARBON EMISSIONS IS DRIVING THE MEDIUM TEMPERATURE SEGMENT 57
9.4 HIGH TEMPERATURE (> 500?C) 58
9.4.1 INDUSTRIAL WASTE HEAT IS A MAJOR FACTOR DRIVING THE HIGH TEMPERATURE SEGMENT 58

10 THERMOELECTRIC GENERATORS MARKET, BY WATTAGE 59
10.1 INTRODUCTION 60
10.2 LOW POWER (<10 W) 61
10.2.1 INCREASING DEMAND FOR WEARABLES AND BACKUP BATTERIES IS FUELING THE LOW POWER SEGMENT 61
10.3 MEDIUM POWER (10-1KW) 61
10.3.1 INCREASING USE OF MEDIUM POWER APPLICATIONS FOR AUTOMOTIVE WASTE HEAT RECOVERY IS FUELING THE GROWTH OF THE MARKET FOR TEGS 61
10.4 HIGH POWER (> 1KW) 62
10.4.1 INCREASING REQUIREMENT OF HIGH POWER TEGS IN SPACE APPLICATIONS IS DRIVING THE HIGH POWER (>1KW) SEGMENT 62

11 THERMOELECTRIC GENERATORS MARKET, BY MATERIAL 63
11.1 INTRODUCTION 64
11.2 BISMUTH TELLURIDE 65
11.2.1 BISMUTH TELLURIDE IS A WIDELY USED THERMOELECTRIC MATERIAL 65
11.3 LEAD TELLURIDE 65
11.3.1 HIGH MELTING POINT, CHEMICAL STABILITY & LOW VAPOR PRESSURE ARE MAJOR FACTOR DRIVING LEAD TELLURIDE SEGMENT 65
11.4 OTHERS 66
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12 THERMOELECTRIC GENERATORS MARKET, BY VERTICAL 67
12.1 INTRODUCTION 68
12.2 AUTOMOTIVE 69
12.2.1 HEATING & COOLING 69
12.2.1.1 The demand for TEGs is increasing in heating and cooling applications 69
12.3 AEROSPACE 69
12.3.1 SPACECRAFT POWER SYSTEM 70
12.3.1.1 Increasing efficiency of TEGs is increasing its adoption in spacecraft power systems 70
12.3.2 AIRCRAFT ENVIRONMENT MONITORING SENSORS 70
12.3.2.1 Increasing demand for wireless sensor networks in the aerospace industry is driving the aircraft environment monitoring sensors segment 70
12.4 DEFENSE 71
12.4.1 MILITARY AVIONICS 71
12.4.1.1 Increase in the demand for waste heat recovery in aircraft is driving the growth of the military avionics segment 71
12.4.2 INFRARED DETECTORS 71
12.4.2.1 The demand for infrared detectors powered by TEGs is increasing for monitoring and reconnaissance 71
12.4.3 MISSILE TESTING SYSTEMS 72
12.4.3.1 Increasing demand for TEGs in defense applications is expected to drive the missile testing systems segment 72
12.5 INDUSTRIAL 72
12.5.1 MANUFACTURING 73
12.5.1.1 Increasing use of thermoelectric generators for industrial waste heat recovery during manufacturing processes is driving the manufacturing vertical 73
12.5.2 CHEMICAL PROCESSING 73
12.5.2.1 Increasing use of TEGs in direct-fired reboilers and reactors is expected to drive this segment 73
12.6 CONSUMER 73
12.6.1 WEARABLE 74
12.6.1.1 Growing demand for heart monitoring devices is driving the wearable segment 74
12.6.2 CONSUMER ELECTRONICS 74
12.6.2.1 Increasing use of energy harvesting consumer electronics is expected to drive this segment 74
12.7 HEALTHCARE 74
12.7.1 IMPLANTABLE MEDICAL DEVICES 75
12.7.1.1 Increasing adoption of TEGs in medical devices for harvesting ambient heat is expected to drive the implantable devices segment 75
12.7.2 WEARABLE MEDICAL DEVICES 75
12.7.2.1 Various applications of wearable medical devices are making them preferred in the healthcare sector 75
12.8 OIL & GAS 75
12.8.1 CONDITION MONITORING SENSORS 76
12.8.1.1 Increasing demand for gas fuel thermoelectric generators (GTEGs) to power condition monitoring sensors is driving the condition monitoring sensors segment 76
12.8.2 METERS & GAUGES 76
12.8.2.1 Increasing demand for renewable energy in remote areas is expected to grow the meters & gauges segment 76
12.9 MINING 76
12.9.1 DOWN-HOLE DRILLING 77
12.9.1.1 Increasing adoption of TEGs for down-hole drilling application is expected to drive the down-hole drilling segment 77
12.9.2 PROCESS MONITORING 77
12.9.2.1 TEGs are used to power IT infrastructure for process monitoring during mining activities 77
12.10 TELECOMMUNICATIONS 77
12.10.1 NAVIGATIONAL AIDS 78
12.10.1.1 Increasing demand for navigational aids in remote locations is driving the telecommunications segment 78
12.10.2 TELECOMMUNICATION SYSTEMS 78
12.10.2.1 Requirement of power supply for telecommunication systems is driving the telecommunication systems segment 78
13 THERMOELECTRIC GENERATORS MARKET, BY COMPONENT 79
13.1 INTRODUCTION 80
13.2 HEAT SOURCE 81
13.2.1 INCREASING TREND TOWARDS VEHICLE ELECTRIFICATION AND HYBRIDIZATION FOR SENSORS WILL BOOST THE DEMAND FOR HEAT SOURCE COMPONENTS 81
13.3 THERMOELECTRIC MODULE 81
13.3.1 INCREASING USE OF EFFICIENT MATERIALS FOR MANUFACTURING THERMOELECTRIC MODULES IS INCREASING THE EFFICIENCY AND THE DEMAND FOR TEGS 81
13.4 COLD SIDE 81
13.4.1 IMPROVEMENTS IN COLD SIDE DESIGN IS INCREASING THE ELECTRICITY CONVERSION CAPACITY OF TEGS 81
13.5 ELECTRIC LOAD 82
13.5.1 INCREASING DEMAND FOR EFFICIENT ELECTRIC LOAD DEVICES FOR ELECTRICITY CONVERSION IS FUELING THE MARKET FOR TEGS 82
14 REGIONAL ANALYSIS 83
14.1 INTRODUCTION 84
14.2 NORTH AMERICA 85
14.2.1 US 88
14.2.1.1 Increase in demand for thermoelectric generators for waste heat recovery in the automotive industry is driving the market in the US 88
14.2.2 CANADA 90
14.2.2.1 Increasing use of TEGs in the industrial sector is driving the demand for thermoelectric generators in Canada 90
14.3 ASIA PACIFIC 91
14.3.1 CHINA 94
14.3.1.1 Increasing industrialization and demand for hybrid vehicles is driving the TEGs market in China 94
14.3.2 INDIA 96
14.3.2.1 Development of environment-friendly energy solutions to control pollution is expected to drive the TEGs market in India 96
14.3.3 JAPAN 97
14.3.3.1 Growing demand for hybrid electric vehicles is driving the TEG market in Japan 97
14.3.4 AUSTRALIA 98
14.3.4.1 Remote monitoring application of renewable energy assets is driving the demand of TEGs in Australia 98
14.3.5 SOUTH KOREA 100
14.3.5.1 Development of advanced wearable technology is a major factor driving the market for TEGs in South Korea 100
14.3.6 REST OF ASIA PACIFIC 101
14.4 EUROPE 102
14.4.1 UK 106
14.4.1.1 Introduction of Energy Saving Opportunity Scheme (ESOS) in the UK is driving the market for TEGs 106
14.4.2 GERMANY 107
14.4.2.1 Increasing adoption of renewable energy in the automotive industry is expected to drive the growth of market in Germany 107
14.4.3 FRANCE 108
14.4.3.1 Increasing adoption of thermoelectric generators in the automotive sector is expected to drive the market for France 108
14.4.4 ITALY 110
14.4.4.1 Rising demand for variable renewable energy (VRE) generators for power plants is expected to drive the market for TEGs in Italy 110
14.4.5 SPAIN 111
14.4.5.1 Increasing solar-powered projects are expected to drive the TEGs market in Spain 111
14.4.6 SWEDEN 112
14.4.6.1 Increasing adoption of TEGs from automotive and manufacturing sectors is expected to drive the market for thermoelectric generators in Sweden 112
14.4.7 RUSSIA 114
14.4.7.1 Increase in demand for military aircraft is expected to drive the market for TEGs in Russia 114
14.4.8 REST OF EUROPE 115
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14.5 REST OF THE WORLD (ROW) 117
14.5.1 LATIN AMERICA 119
14.5.1.1 Increasing adoption of thermoelectric generators in the manufacturing and energy industries is expected to drive the market for TEGs in Latin America 119
14.5.2 MIDDLE EAST 120
14.5.2.1 Increasing adoption of thermoelectric generators in the oil & gas industry is expected to drive the demand for TEGs in the Middle East 120
14.5.3 AFRICA 121
14.5.3.1 Adoption of advanced technologies for waste heat recovery and generate power is driving the TEGs market in Africa 121

15 COMPETITIVE LANDSCAPE 123
15.1 INTRODUCTION 123
15.2 COMPETITIVE LEADERSHIP MAPPING 124
15.2.1 VISIONARY LEADERS 124
15.2.2 INNOVATORS 124
15.2.3 DYNAMIC DIFFERENTIATORS 124
15.2.4 EMERGING COMPANIES 124
15.3 COMPETITIVE LEADERSHIP MAPPING OF START-UPS 125
15.3.1 VISIONARY LEADERS 125
15.3.2 INNOVATORS 125
15.3.3 DYNAMIC DIFFERENTIATORS 125
15.3.4 EMERGING COMPANIES 126
15.4 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2018 127
15.5 COMPETITIVE SCENARIO 128
15.5.1 NEW PRODUCT LAUNCHES 128
15.5.2 CONTRACTS 128
15.5.3 ACQUISITIONS/PARTNERSHIPS/AGREEMENTS 129

16 COMPANY PROFILES 130
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
16.1 GENTHERM, INC. 130
16.2 II-VI INCORPORATED 133
16.3 FERROTEC CORPORATION 135
16.4 LAIRD, PLC. 137
16.5 TECTEG 140
16.6 KOMATSU LTD. 142
16.7 YAMAHA CORPORATION 144
16.8 RMT LTD. 146
16.9 KRYOTHERM 147
16.10 EVERREDTRONICS LTD. 148
16.11 HI-Z TECHNOLOGY 149
16.12 KELK LTD. 150
16.13 OTEGO GMBH 151
16.14 NOVUS ENERGY TECHNOLOGIES, INC. 152
16.15 P&N TECHNOLOGY (XIAMEN) CO., LTD. 153
16.16 PERPETUA POWER SOURCE TECHNOLOGIES, INC. 154
16.17 ALIGN SOURCING LLC 155
16.18 TELEDYNE ENERGY SYSTEMS, INC. 156
16.19 BRIMROSE CORPORATION 157
16.20 REDHAWK ENERGY SYSTEMS, LLC 158
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

17 APPENDIX 159
17.1 DISCUSSION GUIDE 159
17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 162
17.3 RELATED REPORTS 164
17.4 AUTHOR DETAILS 165