A thermoelectric (TE) module, also called a thermoelectric cooler or Peltier cooler, is a semiconductor-based electronic component that functions as a small heat pump. By applying a low voltage DC power source to a TEM, heat will be moved through the module from one side to the other. One module face, therefore, will be cooled while the opposite face simultaneously is heated. It is important to note that this phenomenon is fully reversible whereby a change in the polarity of the applied DC voltage will cause heat to be moved in the opposite direction. Consequently, a TEM may be used for both cooling and heating in a given application.
The global average price of Thermoelectric Modules is in the decreasing trend, from 22.4 USD/Unit in 2012 to 21.06 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Thermoelectric Modules includes Single Stage module and Multistage module. Single Stage module still occupied about 85% market share as its low price. The growth rate of multistage module is faster as it can supply high heat difference.

China region is the largest supplier of Thermoelectric Modules, with a production market share nearly 38.55% in 2016. Rest of Asia is the second largest supplier of Thermoelectric Modules, enjoying production market share nearly 25.33% in 2016.

North America is the largest consumption place, nose ahead China, with a consumption market share nearly 25.28% in 2016. While all the major regions like North America and APAC will also enjoy a fastest speed in next several years.


The Global Thermoelectric Modules 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 Modules 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
Marlow
RMT
CUI
Hi-Z
Tellurex
Crystal
P&N Tech
Thermonamic Electronics
Kryo Therm
Wellen Tech
AMS Technologies

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 :

Single Stage Module
Multistage Module
In Market segmentation by applications :

Automotive
Electronics
Biomedical
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Thermoelectric Modules Market for the forecast period 2023 - 2030?
• What are the driving forces in the Thermoelectric Modules 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 Modules 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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