Thermoelectric materials show the thermoelectric effect in a strong or convenient form.

The thermoelectric effect refers to phenomena by which either a temperature difference creates an electric potential or an electric potential creates a temperature difference. These phenomena are known more specifically as the Seebeck effect (converting temperature to current), Peltier effect (converting current to temperature), and Thomson effect (conductor heating/cooling). While all materials have a nonzero thermoelectric effect, in most materials it is too small to be useful. However, low-cost materials that have a sufficiently strong thermoelectric effect (and other required properties) could be used in applications including power generation and refrigeration. A commonly used thermoelectric material in such applications is bismuth telluride.

Thermoelectric materials are used in thermoelectric systems for cooling or heating in niche applications, and are being studied as a way to regenerate electricity from waste heat.
In the last several years, global market of Thermoelectric Material developed rapidly, with an average growth rate of 8.37%. In 2017, global revenue of Thermoelectric Material is nearly 33.4 M USD; the actual production is about 287.7 MT.
The global average price of Thermoelectric Material is in the decreasing trend, from 124 USD/MT in 2013 to 116 USD/MT in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Thermoelectric Material includes Bi-Te, Pb-Te, etc. The proportion of Bi-Te in 2017 is about 86.87%, and the proportion is in increasing trend from 2013 to 2017.

The Global Thermoelectric Material Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Thermoelectric Material Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Ferrotec
Laird
KELK
Thermonamic Electronics
Marlow
RMT
EVERREDtronics
Crystal
Hi-Z
Tellurex

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Bi-Te
Pb-Te
Other Materials
In Market segmentation by applications :

Automotive
Electronics
Biomedical
Other Industry

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Thermoelectric Material Market for the forecast period 2023 - 2030?
• What are the driving forces in the Thermoelectric Material Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Thermoelectric Material industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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