Thermoelectric Module Market Estimated to Expand at 7.9%

November 22, 2023 05:30 ET | Source: Transparency Market Research Transparency Market Research

Wilmington, Delaware, United States, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global thermoelectric module market was estimated at a value of USD 0.5 billion in 2021. It is anticipated to register a 7.9% CAGR from 2022 to 2031 and by 2031, the market is likely to attain USD 1.2 billion by 2031. TEC Coolers

Thermoelectric Module Market Estimated to Expand at 7.9%

The focus on precise temperature control applications for faster operation is increasing the adoption of thermoelectric modules due to their numerous benefits, including highly precise temperature control, heating and cooling with the same module (including temperature cycling), low upkeep, small size, and low weight.

Smart gadgets, device downsizing, portable medical devices, smart wearable devices, autonomous cars, IoT ecosystems, and Industry 4.0 are essential technologies that are influencing the development of improved thermoelectric modules and thermoelectric Peltier modules.

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Key Findings of Market Report

Market Trends for Thermoelectric Modules

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Global Market for Thermoelectric Module: Regional Outlook

Various reasons are propelling the growth of the thermoelectric module market throughout the region. These are:

Global Thermoelectric Module Market: Key Players

The introduction of fresh technologies and advances across the automation, precision, and electronics industry verticals is accelerating the development of thermoelectric module products, offering considerable potential for thermoelectric module manufacturers and suppliers. The following companies are well-known participants in the global thermoelectric module market:

Crystal Ltd, EVERREDtronics Ltd, Ferrotec Holding Corporation, GENTHERM , Guangdong Fuxin Technology Co. Ltd, Hi-Z Technology Inc., II-VI Marlow Inc., KELK Ltd (Japan) (Komatsu Ltd), KRYOTHERM, Laird Thermal Systems, Phononic, RMT Ltd., TE Technology Inc., TEC Microsystems GmbH, Thermion Company , Thermonamic Electronics (Jiangxi) Corp., TOSHIBA MATERIALS CO. LTD

Global Thermoelectric Module Market Segmentation  Type

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Thermoelectric Module Market Estimated to Expand at 7.9%

Peltier Module Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website:    Blog:    Email: