The Latin America, Middle East and Africa Thermoelectric Modules Market would witness market growth of 9.3% CAGR during the forecast period (2021-2027). Thermoelectric modules are highly used in various industries like a laboratory, automotive, consumer electronics, medical, semiconductor, defense, aerospace, and telecommunications.
Thermoelectric modules are of three types, thin thermoelectric modules, micro thermoelectric modules, and bulk thermoelectric modules. Micro thermoelectric modules are usually used in automotive, lasers and LEDs, and photodiodes, and arrays. Thin-film thermoelectric modules find their applications in sensors and detectors as well as consumer electronics applications. Moreover, single-stage thermoelectric modules are appropriate for heating and cooling applications as they need medium or high pumping capacity.
Infectious diseases are the major cause of deaths or disabilities in infants, young children as well as the older population in rural parts of Africa. In order to prevent infectious diseases, the vaccine is the most effective and cheapest method. Vaccines if not preserved and carried properly get exposed to heat or when it is frozen, it may lose their potency. The World Health Organization (WHO) set storing standards of vaccines such as vaccines must be stored within 2 - 8 ?C. So manufacturers use thermoelectric technology as a heat pump in order to design a vaccine cooling holder. The efficiency and effectiveness of the cooling holder are estimated on the basis of the cooling capacity of the module. The power supply cost increases with the rise in power consumption as the power ratings of the photovoltaic panels and batteries also increase to supply sufficient power to the Thermoelectric Cooling Modules (TECMs).
There are many benefits of thermoelectric modules but some factors can hamper and challenge the market growth. The TE modules involve complex engineering designs and they are comparatively more expensive than the traditional thermos-cooler system. These two factors are the major barriers to the growth of the global Thermoelectric Modules Market. However, the technological advancements including the concept of converting body heat into electricity are expected to bring remarkable opportunities for the growth and profit ratio of the Thermoelectric Modules Market in the coming years.
The Brazil market dominated the LAMEA Deep Cooling Thermoelectric Modules Market by Country 2020, thereby, achieving a market value of $6.7 million by 2027. The Argentina market would witness a CAGR of 11.7% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Thermoelectric Modules Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 4 LAMEA Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 5 LAMEA Thermoelectric Modules Hardware Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Thermoelectric Modules Hardware Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Thermoelectric Modules Services Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Thermoelectric Modules Services Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 10 LAMEA Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 11 LAMEA Bulk Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Bulk Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Micro Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Micro Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Thin-Film Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Thin-Film Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 18 LAMEA Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 19 LAMEA Single Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Single Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Multi Stage Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Multi Stage Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 24 LAMEA Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 25 LAMEA General Purpose Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA General Purpose Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Deep Cooling Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Deep Cooling Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 30 LAMEA Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 31 LAMEA Consumer Electronics Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Consumer Electronics Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Automotive Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Automotive Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Industrial Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Industrial Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA Medical & Laboratories Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Medical & Laboratories Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Manufacturing Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Manufacturing Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Telecommunications Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Telecommunications Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 43 LAMEA Others Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 44 LAMEA Others Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 45 LAMEA Thermoelectric Modules Market by Country, 2017 - 2020, USD Million
TABLE 46 LAMEA Thermoelectric Modules Market by Country, 2021 - 2027, USD Million
TABLE 47 Brazil Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 48 Brazil Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 49 Brazil Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 50 Brazil Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 51 Brazil Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 52 Brazil Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 53 Brazil Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 54 Brazil Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 55 Brazil Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 56 Brazil Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 57 Brazil Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 58 Brazil Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 59 Argentina Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 60 Argentina Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 61 Argentina Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 62 Argentina Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 63 Argentina Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 64 Argentina Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 65 Argentina Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 66 Argentina Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 67 Argentina Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 68 Argentina Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 69 Argentina Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 70 Argentina Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 71 UAE Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 72 UAE Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 73 UAE Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 74 UAE Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 75 UAE Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 76 UAE Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 77 UAE Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 78 UAE Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 79 UAE Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 80 UAE Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 81 UAE Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 82 UAE Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 83 Saudi Arabia Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 84 Saudi Arabia Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 85 Saudi Arabia Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 86 Saudi Arabia Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 87 Saudi Arabia Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 88 Saudi Arabia Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 89 Saudi Arabia Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 90 Saudi Arabia Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 91 Saudi Arabia Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 92 Saudi Arabia Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 93 Saudi Arabia Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 94 Saudi Arabia Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 95 South Africa Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 96 South Africa Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 97 South Africa Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 98 South Africa Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 99 South Africa Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 100 South Africa Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 101 South Africa Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 102 South Africa Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 103 South Africa Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 104 South Africa Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 105 South Africa Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 106 South Africa Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 107 Nigeria Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 108 Nigeria Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 109 Nigeria Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 110 Nigeria Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 111 Nigeria Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 112 Nigeria Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 113 Nigeria Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 114 Nigeria Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 115 Nigeria Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 116 Nigeria Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 117 Nigeria Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 118 Nigeria Thermoelectric Modules Market by End User, 2021 - 2027, USD Million
TABLE 119 Rest of LAMEA Thermoelectric Modules Market, 2017 - 2020, USD Million
TABLE 120 Rest of LAMEA Thermoelectric Modules Market, 2021 - 2027, USD Million
TABLE 121 Rest of LAMEA Thermoelectric Modules Market by Offering, 2017 - 2020, USD Million
TABLE 122 Rest of LAMEA Thermoelectric Modules Market by Offering, 2021 - 2027, USD Million
TABLE 123 Rest of LAMEA Thermoelectric Modules Market by Type, 2017 - 2020, USD Million
TABLE 124 Rest of LAMEA Thermoelectric Modules Market by Type, 2021 - 2027, USD Million
TABLE 125 Rest of LAMEA Thermoelectric Modules Market by Model, 2017 - 2020, USD Million
TABLE 126 Rest of LAMEA Thermoelectric Modules Market by Model, 2021 - 2027, USD Million
TABLE 127 Rest of LAMEA Thermoelectric Modules Market by Functionality, 2017 - 2020, USD Million
TABLE 128 Rest of LAMEA Thermoelectric Modules Market by Functionality, 2021 - 2027, USD Million
TABLE 129 Rest of LAMEA Thermoelectric Modules Market by End User, 2017 - 2020, USD Million
TABLE 130 Rest of LAMEA 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