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Key Players and Strategies in the Thermoelectric Modules Industry

The Thermoelectric Modules Market size is expected to reach USD 1,054 million by 2027 to grow at a CAGR of 8.8%

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Key Players and Strategies in the Thermoelectric Modules Industry

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  1. MarketsandMarkets Presents The Thermoelectric Modules Market is projected to grow from USD 693 million in 2022 to USD 1,054 million by 2027; it is expected to grow at a CAGR of 8.8% during the forecast period. The growth of the market is attributed to the benefits of TEMs over conventional systems, simultaneous heating and cooling properties of TEMs, and growth of electric and luxury vehicles. During the forecast period, development of TEMs for new application areas such as telecommunication and medical is expected to create growth opportunities for the market.

  2. MarketsandMarkets Presents Single stage thermoelectric modules to account for larger share of thermoelectric modules market in 2022 Single-stage thermoelectric modules are suitable for a wide range of cooling and heating applications with low to high heat pumping capacities. The main advantage of a single-stage module is that it covers a vast array of consumer, commercial, and industrial needs as it is available in many shapes and sizes while offering different levels of heat pumping capabilities. Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1331 37155

  3. MarketsandMarkets Presents Bulk thermoelectric modules segment to dominate thermoelectric modules market during forecast period Bulk thermoelectric modules accounted for the largest share of the thermoelectric modules market and the trend will remain the same during the forecast period. Bulk or conventional thermoelectric modules have a higher power output and voltage compared to micro and thin- film thermoelectric modules. Moreover, these modules are the most commonly used types of thermoelectric modules for a majority of end- use applications such as consumer electronics, industrial, medical & laboratories, and aerospace & defense.

  4. MarketsandMarkets Presents Consumer Electronics application to lead thermoelectric modules market in 2022 Consumer electronics to hold high opportunities for thermoelectric modules market compared to other end-use applications in 2022 and 2027. There is always a need for constant innovation and design improvements from consumer electronics manufacturers to create smaller, thinner, lighter, and more reliable products. Thermoelectric cooling solutions offer a competitive advantage by enabling OEMs to develop desirable products and bring them faster to the market. In the view of fast-changing consumer preferences, thermoelectric modules technology acts as integral part of changing consumer electronics industry scenarios.

  5. MarketsandMarkets Presents Market in APAC to hold significant opportunities for the market during forecast period The region has emerged as a global focal point for large investments and business expansion opportunities. The region represents the fastest- growing market worldwide for thermoelectric modules. The increased demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market in the region. The growth of the market in China is mainly driven by the consumer electronics market, as it is one of the largest markets in the world. Japan is also one of the early adopters of electric vehicles and is a significant manufacturer and exporter of electric vehicles.

  6. MarketsandMarkets Presents Key Players: Major vendors in the thermoelectric modules market include Ferrotec (Japan), Laird Thermal Systems (US), II-VI Incorporated (US), Kelk (Japan), Guangdong Fuxin Technology (China), TE Technology (US), TEC Microsystems (Germany), Crystal (Russia), Kryotherm (Russia), and Phononic (US). Browse For More Details - https://www.marketsandmarkets.com/Market- Reports/thermoelectric-module-market-133137155.html

  7. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  8. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/thermoelectric- module.asp

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