Europe Thermoelectric Modules Market By Offering (Hardware and Services), By Type (Bulk, Micro and Thin-Film), By Model (Single Stage and Multi Stage), By Functionality (General Purpose and Deep Cooling), By End User (Consumer Electronics, Automotive, Industrial, Medical & Laboratories, Manufacturing, Telecommunications and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027

The Europe Thermoelectric Modules Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027). Thermoelectric modules are also used in the processes that need heat removal, that range from milli-watts to some thousands of watts.

They are capable of stabilizing the temperature of an object beyond ambient temperatures and can lower it below ambient temperature. Moreover, the thermoelectric cooler’s effect is different from that of a heat sink as TE carries out active cooling whereas the heat sink offers only passive cooling. This is the major reason why thermoelectric modules are ideal choice as compared to other traditional systems like compressor systems and conventional refrigerant-based systems. The demand for thermoelectric modules is increasing due to these benefits and would exhibit similar trend even during the forecast period.

A variety of standard thermoelectric modules are easily available in the market. Though, the manufacturers of thermoelectric modules are well aware of the fact that only traditional solutions would not fulfil the emerging requirement of customers in long term. There are many properties that are needed to be discovered for every application, so a customized thermoelectric module may produce a more ideal thermal solution. That is why manufacturers of the thermoelectric modules are aiming to produce fast and cost-effective thermoelectric products and solutions to meet the customer’s needs. So, a flexible production process might help the manufacturers provide better thermoelectric products in order to fulfil the ever-growing requirements of the customer.

The manufacturers of consumer electronics are focused to consistently innovate and enhance designs in order to create smaller, thinner, lighter, and more reliable products that meet customer demands in Europe. As the preferences of the consumers are changing in UK and Germany, and thermoelectric cooling solutions are offering a competitive edge by enabling OEMs to manufacture desirable products and bring them quickly to the European market. Thermoelectric cooler modules are considered as a perfect device for applications that need to have temperature control above or below ambient temperatures. A design engineer also uses thermoelectric cooling while designing a system that needs localized cooling/heating in an electronic device with detailed temperature control, and high reliability. Peltier modules of thermoelectric coolers are a popular brand in UK and Germany. This module combines low energy requirements and its capability to facilitate cooling and heating from the same element.

The Germany market dominated the Europe Micro Thermoelectric Modules Market by Country 2020, thereby, achieving a market value of $16.3 million by 2027. The UK market is exhibiting a CAGR of 6.3% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 7.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Thermoelectric Modules Market Size will Hit $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

• Hardware
• Services

By Type

• Bulk
• Micro
• Thin-Film

By Model

• Single Stage
• Multi Stage

By Functionality

• General Purpose
• Deep Cooling

By End User

• Consumer Electronics
• Automotive
• Industrial
• Medical & Laboratories
• Manufacturing
• Telecommunications
• Others

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

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.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Thermoelectric Modules Market, by Offering
1.4.2 Europe Thermoelectric Modules Market, by Type
1.4.3 Europe Thermoelectric Modules Market, by Model
1.4.4 Europe Thermoelectric Modules Market, by Functionality
1.4.5 Europe Thermoelectric Modules Market, by End User
1.4.6 Europe Thermoelectric Modules Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Opportunity
2.2.3 Market Restraint:
2.2.4 Challenge:

Chapter 3. Europe Thermoelectric Modules Market by Offering
3.1 Europe Thermoelectric Modules Hardware Market by Country
3.2 Europe Thermoelectric Modules Services Market by Country

Chapter 4. Europe Thermoelectric Modules Market by Type
4.1 Europe Bulk Thermoelectric Modules Market by Country
4.2 Europe Micro Thermoelectric Modules Market by Country
4.3 Europe Thin-Film Thermoelectric Modules Market by Country

Chapter 5. Europe Thermoelectric Modules Market by Model
5.1 Europe Single Stage Thermoelectric Modules Market by Country
5.2 Europe Multi Stage Thermoelectric Modules Market by Country

Chapter 6. Europe Thermoelectric Modules Market by Functionality
6.1 Europe General Purpose Thermoelectric Modules Market by Country
6.2 Europe Deep Cooling Thermoelectric Modules Market by Country

Chapter 7. Europe Thermoelectric Modules Market by End User
7.1 Europe Consumer Electronics Thermoelectric Modules Market by Country
7.2 Europe Automotive Thermoelectric Modules Market by Country
7.3 Europe Industrial Thermoelectric Modules Market by Country
7.4 Europe Medical & Laboratories Thermoelectric Modules Market by Country
7.5 Europe Manufacturing Thermoelectric Modules Market by Country
7.6 Europe Telecommunications Thermoelectric Modules Market by Country
7.7 Europe Others Thermoelectric Modules Market by Country

Chapter 8. Europe Thermoelectric Modules Market by Country
8.1 Germany Thermoelectric Modules Market
8.1.1 Germany Thermoelectric Modules Market by Offering
8.1.2 Germany Thermoelectric Modules Market by Type
8.1.3 Germany Thermoelectric Modules Market by Model
8.1.4 Germany Thermoelectric Modules Market by Functionality
8.1.5 Germany Thermoelectric Modules Market by End User
8.2 UK Thermoelectric Modules Market
8.2.1 UK Thermoelectric Modules Market by Offering
8.2.2 UK Thermoelectric Modules Market by Type
8.2.3 UK Thermoelectric Modules Market by Model
8.2.4 UK Thermoelectric Modules Market by Functionality
8.2.5 UK Thermoelectric Modules Market by End User
8.3 France Thermoelectric Modules Market
8.3.1 France Thermoelectric Modules Market by Offering
8.3.2 France Thermoelectric Modules Market by Type
8.3.3 France Thermoelectric Modules Market by Model
8.3.4 France Thermoelectric Modules Market by Functionality
8.3.5 France Thermoelectric Modules Market by End User
8.4 Russia Thermoelectric Modules Market
8.4.1 Russia Thermoelectric Modules Market by Offering
8.4.2 Russia Thermoelectric Modules Market by Type
8.4.3 Russia Thermoelectric Modules Market by Model
8.4.4 Russia Thermoelectric Modules Market by Functionality
8.4.5 Russia Thermoelectric Modules Market by End User
8.5 Spain Thermoelectric Modules Market
8.5.1 Spain Thermoelectric Modules Market by Offering
8.5.2 Spain Thermoelectric Modules Market by Type
8.5.3 Spain Thermoelectric Modules Market by Model
8.5.4 Spain Thermoelectric Modules Market by Functionality
8.5.5 Spain Thermoelectric Modules Market by End User
8.6 Italy Thermoelectric Modules Market
8.6.1 Italy Thermoelectric Modules Market by Offering
8.6.2 Italy Thermoelectric Modules Market by Type
8.6.3 Italy Thermoelectric Modules Market by Model
8.6.4 Italy Thermoelectric Modules Market by Functionality
8.6.5 Italy Thermoelectric Modules Market by End User
8.7 Rest of Europe Thermoelectric Modules Market
8.7.1 Rest of Europe Thermoelectric Modules Market by Offering
8.7.2 Rest of Europe Thermoelectric Modules Market by Type
8.7.3 Rest of Europe Thermoelectric Modules Market by Model
8.7.4 Rest of Europe Thermoelectric Modules Market by Functionality
8.7.5 Rest of Europe Thermoelectric Modules Market by End User

Chapter 9. Company Profiles
9.1 Ferrotec Holdings Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Recent strategies and developments:
9.1.3.1 Acquisition and Mergers:
9.1.3.2 Product Launches and Product Expansions:
9.2 II-VI, Incorporated
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.3 Vishay Precision Group, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.4 Phononic, Inc.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.5 Z-Max Co., Ltd.
9.5.1 Company Overview
9.6 Thermion, Inc.
9.6.1 Company Overview
9.7 Kryotherm
9.7.1 Company Overview
9.8 TEC Microsystems GmbH
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.9 TE Technology, Inc.
9.9.1 Company Overview
9.10. Laird Thermal Systems, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:

TABLE 1 Europe Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 2 Europe Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 3 Europe Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 4 Europe Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 5 Europe Thermoelectric Modules Hardware Market by Country, 2017 - 2020, USD Million
TABLE 6 Europe Thermoelectric Modules Hardware Market by Country, 2021 - 2027, USD Million
TABLE 7 Europe Thermoelectric Modules Services Market by Country, 2017 - 2020, USD Million
TABLE 8 Europe Thermoelectric Modules Services Market by Country, 2021 - 2027, USD Million
TABLE 9 Europe Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 10 Europe Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 11 Europe Bulk Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Bulk Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Micro Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Micro Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Thin-Film Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Thin-Film Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 18 Europe Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 19 Europe Single Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Single Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Multi Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Multi Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 24 Europe Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 25 Europe General Purpose Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe General Purpose Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Deep Cooling Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Deep Cooling Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 30 Europe Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 31 Europe Consumer Electronics Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Consumer Electronics Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 33 Europe Automotive Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe Automotive Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 35 Europe Industrial Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 36 Europe Industrial Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 37 Europe Medical & Laboratories Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 38 Europe Medical & Laboratories Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 39 Europe Manufacturing Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 40 Europe Manufacturing Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 41 Europe Telecommunications Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 42 Europe Telecommunications Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 43 Europe Others Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 44 Europe Others Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 45 Europe Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 46 Europe Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 47 Germany Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 48 Germany Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 49 Germany Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 50 Germany Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 51 Germany Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 52 Germany Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 53 Germany Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 54 Germany Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 55 Germany Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 56 Germany Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 57 Germany Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 58 Germany Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 59 UK Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 60 UK Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 61 UK Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 62 UK Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 63 UK Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 64 UK Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 65 UK Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 66 UK Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 67 UK Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 68 UK Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 69 UK Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 70 UK Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 71 France Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 72 France Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 73 France Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 74 France Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 75 France Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 76 France Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 77 France Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 78 France Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 79 France Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 80 France Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 81 France Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 82 France Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 83 Russia Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 84 Russia Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 85 Russia Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 86 Russia Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 87 Russia Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 88 Russia Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 89 Russia Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 90 Russia Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 91 Russia Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 92 Russia Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 93 Russia Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 94 Russia Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 95 Spain Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 96 Spain Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 97 Spain Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 98 Spain Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 99 Spain Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 100 Spain Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 101 Spain Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 102 Spain Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 103 Spain Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 104 Spain Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 105 Spain Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 106 Spain Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 107 Italy Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 108 Italy Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 109 Italy Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 110 Italy Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 111 Italy Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 112 Italy Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 113 Italy Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 114 Italy Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 115 Italy Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 116 Italy Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 117 Italy Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 118 Italy Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 119 Rest of Europe Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 120 Rest of Europe Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 121 Rest of Europe Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 122 Rest of Europe Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 123 Rest of Europe Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 124 Rest of Europe Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 125 Rest of Europe Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 126 Rest of Europe Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 127 Rest of Europe Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 128 Rest of Europe Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 129 Rest of Europe Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 130 Rest of Europe 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