The thermoelectric generator market is expected to grow from $460 million in 2019 to $714 million in 2025 at a CAGR of 8% over the forecast period. Increasing demand for waste heat recovery from various industries. As environmental issues increase, there is an increasing need to improve engine efficiency. Thermoelectric generators play an essential role in utilizing waste heat to increase efficiency.
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Thermoelectric Generators Market Segments:
By Watt Power
• Low Power (<10 W)
• Medium Power (10-1kW)
• High Power (> 1kW)
By Source
• Waste Heat Recovery
• Energy Harvesting
• Direct Power Generation
• Co-Generation
By Material
• Bismuth-Telluride (Bi-Te)
• Lead-Telluride (Pb-Te)
• Copper-Iron (Cu-Fe)
• Antimony-Bismuth (Sb-Bi)
By Industry Vertical
• Aerospace & Defense
• Automotive
• Industrial
• Residential
• Others
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