London, UK (PRWEB) September 30, 2015
The global thermoelectric generators market is projected to reach USD 547.7 million by 2020, recording 13.8% CAGR from 2015 onwards. The automotive segment captured a majority (58.3%) share of the market as of 2014, due to an increase in the number of automotive makers globally. Technological advances in thermoelectric generators, swelling demand for fuel efficiency, and elevated levels of environmental pollution are the major factors driving the growth of the world thermoelectric generators market. However, factors like high costs of thermoelectric generator’s materials and low efficiency is hindering this market’s growth.
In 2014, North America held the lion’s share of the global market, followed by the APAC region. The APAC market is poised to record the highest (18.3%) CAGR till 2020 due to increased industrialisation in the region and an upsurge in the demand for thermoelectric generators by the automakers to boost the fuel efficiency.
Gentherm Inc., II-VI Incorporated, Ferrotec Corporation, Laird Plc., and Komatsu Limited are the dominant players in the market. Companies are investing in novel technologies, which will raise the efficiency and expand the application areas of thermoelectric generators. Strategic contracts, JVs, expansions, and partnerships are amid the growth strategies adopted by the top thermoelectric generators market players.
New research report “Thermoelectric Generators Market by End User (Automotive, Aerospace & Defense, Industrial End-User, Self-powered Sensors, Others), by Temperature (500 °C), by Wattage (1 kW), by Source, by Material - Global Forecast & Analysis to 2020” created by MarketsandMarkets has been recently published at MarketPublishers.com.
Title: Thermoelectric Generators Market by End User (Automotive, Aerospace & Defense, Industrial End-User, Self-powered Sensors, Others), by Temperature (500 °C), by Wattage (1 kW), by Source, by Material - Global Forecast & Analysis to 2020
Published: September, 2015
Price: US$ 4,650.00
The research report presents an all-round analysis of the thermoelectric generators market over the forecast period from 2015 to 2020 across North America, Europe, APAC, and RoW. The study segments the market based on end-user, temperature, source, wattage, material, and by geography; alongside providing market size estimations and forecasts for the overall market and for each of the segments discussed. The publication sheds light on the major market restraints, drivers, opportunities, and challenges; explores key industry trends covering value chain analysis, supply chain analysis, application areas, Porter’s five forces analysis, PEST analysis, strategic benchmarking. It investigates the competitive landscape including market share assessments by company and region, competitive scenario and trends, as well as new product launches. The report profiles the 10 major companies operating in the thermoelectric generators market alongside their products and services, financials, strategies, developments, etc.
Key Report Topics:
- comprehensive analysis of the market, its historical evolution and actual performance;
- exhaustive analysis of the market segments;
- regional market analysis;
- examination of the market dynamics;
- all-round analysis of the industry trends;
- analysis of the competitive scenario along with profiling of the leading companies;
- detailed market sizing and forecasts;
- and more.
Other reports by the publisher can be found at MarketsandMarkets page.