About Thermoelectric Energy Harvesting Devices
Energy harvesting is a method of generating electrical energy from unused energy sources available in the surrounding environment. Thermoelectric energy harvesting devices are particularly useful for waste heat harvesting for low power applications. These devices generate electricity from a temperature difference with no moving parts using the Seebeck effect. It provides several benefits and has become a proven solution for the rapidly depleting resources on earth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Thermoelectric Energy Harvesting Devices market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Thermoelectric Energy Harvesting Devices market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Thermoelectric Energy Harvesting Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alphabet Energy, Inc. (United States), Everredtronics Ltd. (China), Evident Thermoelectrics (United States), Ferrotec Holdings (Japan), Gentherm Incorporated (United States), GreenTEG (Switzerland), Laird Technologies (United States), MC10 Inc. (United States), Micropelt GmbH (Germany) and RGS Development (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Yamaha Corporation (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Thermoelectric Energy Harvesting Devices market by , Application (Building and Home Automation, Consumer Electronics, Industrial, Transportation and Security) and Region.
On the basis of geography, the market of Thermoelectric Energy Harvesting Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
High Demand for Innovative Products
Market Growth Drivers:
High Efficiency and Low Maintenance and Eco-Friendly As Generates Zero Emissions
Challenges:
Lack of Awareness in Developing Regions
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rising Demand from End-User Industry and Government Initiatives for Research and Development
In February 2023, Asahi Kasei Microdevices (AKM) has launched a new DC-DC step-up converter with ultra-low power consumption that is able to boost low voltages, offering solutions for remote and battery-free operation as well as low-maintenance applications in the fields of asset monitoring and IoT.
Key Target Audience
Thermoelectric Energy Harvesting Devices Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.