Stratview Research has published a new report titled “Thermoelectric Generators Market” which is segmented By Material (Bismuth Telluride, Lead Telluride, Others), Wattage (<10 W, 10W – 1 kW, >1kW), Application (Waste Heat Recovery, Consumer Harvesting, Direct Power Generation, Co-generation), End User (Automotive, Aerospace, Defense, Industrial, Consumer, Others) and Region.
As per the study, The Thermoelectric Generators Market is expected to grow from USD 426.3 million in 2021 to USD 798.42 million by 2028 at a CAGR of over 9.32% during the forecast period of 2022-2028.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Based on end-user, the market has been segmented into automotive, aerospace, defense, industrial, consumer and others. The automotive segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to expanding automotive production across the globe.
Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to expanding industrialization in developing countries, particularly China and India. The market in North America and Europe is expected to be driven by the established presence of automotive, industrial, and aerospace & defense industries.
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