Industry and News Thermoelectric Generators Market | Page 2
Commercially, thermoelectric generators are suitable for small scale applications and an
appropriate substitute for traditional dynamic thermal to electric generators. Further, these
generators function in producing heat from waste. Being portable in power such generators use
conventional batteries and the energy density is multiple in conversions. Another advantage of
having a thermoelectric generator is, it can be used to harvest very small amounts of heat for low
power applications such as wireless sensor networks, mobile devices and medical applications. For
instance, thermoelectric energy can be harvested in wristwatch which uses thin bulk thermoelectric
devices. The watch is then driven by heat generated by the body which is converted into electric
power. From the manufacturing point of view, manufacturers of bulk thermoelectric device,
typically have thermoelectric elements of 1-3mm in length which implies that the size of
thermoelectric elements can also be reduced.
The key driving factors responsible for the growth of thermoelectric generators market include long
lifetime with low maintenance, sophistication in operations and lowest greenhouse gas emissions.
Additionally, the preference of thermoelectric generators for heating as well as cooling applications
is contributing to the market growth. However, thermoelectric generators being less efficient
compared to traditional heat engines are likely to impede the market growth during the forecast
period.
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On the basis of source, the global thermoelectric generators market is segmented into waste heat
recovery, energy harvesting, direct power generation and co-generation. On the basis of material,
the global market is segmented into Bi-Te, and Pb-Te. On the basis of wattage, the global
thermoelectric generators industry is segmented into <10W, 10-1kW, >1kW. On the basis of
temperature, the global thermoelectric generators market is segmented into <80oC, 80-500oC and
>500oC.
On the basis of geographic segmentation, the global thermoelectric generators market spans North
America, Europe, Asia-Pacific, Middle-East & Africa. APAC regions are considered to be a larger