The Asia Pacific Thermoelectric Modules Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027). Thermoelectric modules are also known as thermoelectric coolers or Peltier coolers.
This electronic device is considered as a semiconductor that functions as a small heat pump and heat is transferred from one side of the device to the other. Thermoelectric modules are capable of cooling or heating an object rapidly by generating temperature differentials. This device comprises semiconductor elements that are doped with electric carriers. These elements are organized into arrays where they are thermally connected in parallel and electrically connected in series.
Huge thermoelectric systems have been established for special applications like cooling within submarines, railroad cars, and semiconductor manufacturing. In recent years, the preference for bigger thermoelectric systems has been increased in the market. The overall cost of a whole thermoelectric system that is used for temperature cooling, control, and power generation is quite less. It is because of the presence of less costly power supplies and the greater performance of thermoelectric systems. Thermoelectric systems with a capacity range of 200-400 Watt are commonly used in several industries.
Asia Pacific has become as a global focal point for investments and business expansion opportunities. The region characterizes the fastest-growing global market for thermoelectric modules. Thermoelectric modules are used increasingly in different industries like a laboratory, automotive, consumer electronics, medical, semiconductor, and defense. As the demand for waste heat recovery, industrial automation, consumer goods, and healthcare monitoring devices is very high in this region, so it is expected to boost the market in this region. Asia Pacific has a large consumer electronics industry include countries like Japan, China, and South Korea, and it is the largest manufacturer as well as end-user of consumer devices. South Korea is a key country that manufactures portable consumer devices whereas the largest exporter of consumer refrigeration devices in China.
The China market dominated the Asia Pacific Multi Stage Thermoelectric Modules Market by Country 2020, thereby, achieving a market value of $27.3 million by 2027. The Japan market is showcasing a CAGR of 8.6% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 9.9% during (2021 - 2027).
Based on Offering, the market is segmented into Hardware and Services. Based on Type, the market is segmented into Bulk, Micro and Thin-Film. Based on Model, the market is segmented into Single Stage and Multi Stage. Based on Functionality, the market is segmented into General Purpose and Deep Cooling. Based on End User, the market is segmented into Consumer Electronics, Automotive, Industrial, Medical & Laboratories, Manufacturing, Telecommunications and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Thermoelectric Modules Market is Projected to reach USD 866 Million by 2027, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ferrotec Holdings Corporation, II-VI, Incorporated, Vishay Precision Group, Inc., Phononic, Inc., Z-Max Co., Ltd., Thermion, Inc., Kryotherm, TEC Microsystems GmbH, TE Technology, Inc., and Laird Thermal Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Type
By Model
By Functionality
- General Purpose
- Deep Cooling
By End User
- Consumer Electronics
- Automotive
- Industrial
- Medical & Laboratories
- Manufacturing
- Telecommunications
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Ferrotec Holdings Corporation
- II-VI, Incorporated
- Vishay Precision Group, Inc.
- Phononic, Inc.
- Z-Max Co., Ltd.
- Thermion, Inc.
- Kryotherm
- TEC Microsystems GmbH
- TE Technology, Inc.
- Laird Thermal Systems, Inc.
TABLE 1 Asia Pacific Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Thermoelectric Modules Hardware Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Thermoelectric Modules Hardware Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Thermoelectric Modules Services Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Thermoelectric Modules Services Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Bulk Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Bulk Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Micro Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Micro Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Thin-Film Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Thin-Film Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Single Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Single Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Multi Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Multi Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 25 Asia Pacific General Purpose Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific General Purpose Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Deep Cooling Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Deep Cooling Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Consumer Electronics Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Consumer Electronics Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Automotive Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Automotive Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Industrial Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Industrial Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Medical & Laboratories Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Medical & Laboratories Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Manufacturing Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Manufacturing Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Telecommunications Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Telecommunications Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 43 Asia Pacific Others Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 44 Asia Pacific Others Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 45 Asia Pacific Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 46 Asia Pacific Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 47 China Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 48 China Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 49 China Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 50 China Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 51 China Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 52 China Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 53 China Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 54 China Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 55 China Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 56 China Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 57 China Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 58 China Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 59 Japan Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 60 Japan Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 61 Japan Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 62 Japan Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 63 Japan Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 64 Japan Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 65 Japan Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 66 Japan Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 67 Japan Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 68 Japan Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 69 Japan Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 70 Japan Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 71 India Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 72 India Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 73 India Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 74 India Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 75 India Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 76 India Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 77 India Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 78 India Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 79 India Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 80 India Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 81 India Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 82 India Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 83 South Korea Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 84 South Korea Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 85 South Korea Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 86 South Korea Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 87 South Korea Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 88 South Korea Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 89 South Korea Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 90 South Korea Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 91 South Korea Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 92 South Korea Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 93 South Korea Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 94 South Korea Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 95 Singapore Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 96 Singapore Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 97 Singapore Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 98 Singapore Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 99 Singapore Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 100 Singapore Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 101 Singapore Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 102 Singapore Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 103 Singapore Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 104 Singapore Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 105 Singapore Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 106 Singapore Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 107 Malaysia Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 108 Malaysia Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 109 Malaysia Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 110 Malaysia Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 111 Malaysia Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 112 Malaysia Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 113 Malaysia Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 114 Malaysia Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 115 Malaysia Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 116 Malaysia Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 117 Malaysia Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 118 Malaysia Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 119 Rest of Asia Pacific Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 120 Rest of Asia Pacific Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 121 Rest of Asia Pacific Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 122 Rest of Asia Pacific Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 123 Rest of Asia Pacific Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 124 Rest of Asia Pacific Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 125 Rest of Asia Pacific Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 126 Rest of Asia Pacific Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 127 Rest of Asia Pacific Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 128 Rest of Asia Pacific Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 129 Rest of Asia Pacific Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 130 Rest of Asia Pacific Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 131 key information – Ferrotec Holdings Corporation
TABLE 132 key information – II-VI, Incorporated
TABLE 133 key information – Vishay Precision Group, Inc.
TABLE 134 key information – Phononic, Inc.
TABLE 135 key information – Z-Max Co., Ltd.
TABLE 136 key information - Thermion, Inc.
TABLE 137 key information - Kryotherm
TABLE 138 key information - TEC Microsystems GmbH
TABLE 139 key information - TE Technology, Inc.
TABLE 140 key information - Laird Thermal Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Ferrotec Holdings Corporation