Press Release

Thermoelectric Module Market Analysis and Demand with Future Forecast to 2026 | Fortune Business Insights

The global thermoelectric module market is poised to experience impressive growth as alternative energy technologies show increasing demand. Key market insights have been shared by Fortune Business Insights in its report, titled “Thermoelectric Module Market Size, Share And Global Trend By Type (Micro Thermoelectric, Thin Film Thermoelectric, Bulk Thermoelectric), By Material (Bismuth Telluride, Lead Telluride, Silicon Germanium, Bismuth-Antimony), By End-Use (Aerospace and Defence, Automotive, Consumer electronics, Healthcare, Food & Beverages, Energy & Utility, Refrigerant, and Chillers), And Geography Forecast Till 2026”. The report provides comprehensive market analysis and highlights the factors that will play a key role in its growth. A thermoelectric module (TEM) or thermoelectric cooler is an electronic component that is semi-conductor based. It functions as a small heat pump and shifts heat from one side of the device to the other. These modules are also sometimes used to generate electricity by harnessing the temperature difference created on the two sides of the device.

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1. By Type

  • Micro Thermoelectric
  • Thin Film Thermoelectric
  • Bulk Thermoelectric

2. By Material

  • Bismuth Telluride (Bi2Te3)
  • Lead Telluride (PbTe)
  • Silicon Germanium (SiGe)
  • Bismuth-Antimony (Bi-Sb)

3. By End Use

  • Aerospace and Defence
  • Automotive
  • Consumer electronics
  • Healthcare
  • Food & Beverages
  • Energy & Utility
  • Refrigerant and Chillers

4. By Geography

  • By North America (USA and Canada)
  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Key Market Driver

  • Enables waste heat recovery in plants and factories
  • Government regulations and rising awareness regarding energy conservation
  • Offers lower power consumption, rapid response time in terms of cycling and control functions

Key Market Restraint –  

  • Higher costs of thermoelectric modules than conventional systems for cooling and refrigeration


Key Industry Developments

  • March 2019: TEC Microsystems GmbH introduced modification and optimization ways of thermoelectric coolers with a “header-free” concept, for directly applying thermoelectric current on PCB.  This product allows to simplify packaging solutions, cost reduction in the end product volume manufacturing and further simplified the assembly processes for its primary applications with TECs.  The main focus of this initiative is on low heatload applications like VCSELs, APD Arrays and IR- detectors with temperature stabilization requirements.
  • December 2018: Osaka University developed an inexpensive large-scale flexible thermoelectric generator (FlexTEG) module with high mechanical reliability for highly efficient power generation.


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Major Table of Content For Thermoelectric Module Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  6. North America Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  7. Europe Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  10. Latin America Thermoelectric Module Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.