Published Date : 2024-Jul-24
Thermoelectric modules, also known as Peltier modules or thermoelectric coolers (TECs), are semiconductor devices that provide heating and cooling through the Peltier effect. When a voltage is applied, they create a temperature difference, enabling heat to move from one side of the module to the other. This capability allows them to function as compact heat pumps without moving parts, making them highly reliable and versatile.
Thermoelectric Modules Market Size, Share & Trends Analysis Report By Model, By Type, By Functionality, By Offering, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2032
According to a comprehensive study by Intellectual Market Insights Research, the global Thermoelectric Modules Market size was valued at USD 625 Million in 2023 and is projected to reach USD 1209.26 Million by 2032.
Growing at a CAGR of 8.6% from 2023 to 2032.
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Thermoelectric Modules Market Players Analysis: Align Sourcing LLC, Alphabet Energy, Coherent Corp., Crystal Ltd, Custom Thermoelectric, LLC, EVERREDtronics Ltd., Ferrotec Corporation, Gentherm, Guangdong Fuxin Technology Co., Ltd., IIOTEC, II-VI Marlow, KELK Ltd, Kryotherm, Laird Thermal Systems, Phononic, RMT Ltd, TE Technology, Inc., TEC Microsystems GmbH, Thermion Company, Thermoelect GmbH, Thermonamic Electronics (Jiangxi) Corp. and Others.
Founded: 2008
Headquarters: New York, NY, USA
Website: https://alignsourcing.com/
About Us: Align Sourcing LLC specializes in strategic sourcing and supply chain management solutions. They focus on helping businesses optimize their procurement processes to achieve cost savings and efficiency. Their services include supplier identification, contract negotiation, and ongoing supplier management across various industries.
The company had nearly 100 employees and had revenue of $50 Million.
Founded: 1971
Headquarters: Santa Clara, CA, USA
Website: https://www.coherent.com/
About Us: Coherent Corp. is a leading provider of lasers and laser-based technology, serving industries such as industrial manufacturing, life sciences, and research. They offer a wide range of products, including laser systems, optical components, and precision measurement tools. Coherent is recognized for its innovation in photonics and its commitment to advancing laser applications.
The company had nearly 5,000 employees and had revenue of $1.7 Billion.
Founded: 2002
Headquarters: Bishopville, MD, USA
Website: https://www.customthermoelectric.com/
About Us: Custom Thermoelectric, LLC specializes in the design and manufacture of thermoelectric modules and systems. They offer a variety of products for cooling, heating, and power generation applications, serving industries such as electronics, automotive, and renewable energy. Their solutions are known for reliability and efficiency, providing cost-effective thermal management.
The company had nearly 20 employees and had revenue of $5 Million.
Founded: 2010
Headquarters: Shenzhen, China
Website: http://www.everredtronics.com/
About Us: EVERREDtronics Ltd. specializes in the design and manufacturing of high-quality thermoelectric modules and semiconductor components. With a focus on energy efficiency and innovation, the company provides solutions for a wide range of applications including consumer electronics, medical devices, and industrial equipment. Their products are known for reliability and precision, catering to clients worldwide.
The company had nearly 200 employees and had revenue of $50 Million.
Founded: 1980
Headquarters: Tokyo, Japan
Website: https://www.ferrotec.com/
About Us: Ferrotec Corporation is a global leader in advanced materials, components, and assembly solutions. They provide products that serve semiconductor, electronics, automotive, and medical industries. Ferrotec is renowned for its pioneering work in thermoelectric modules, magnetic fluids, and precision materials, driving innovation across various high-tech sectors.
The company had nearly 6,000 employees and had revenue of $900 Million.
Founded: 1991
Headquarters: Northville, MI, USA
Website: https://www.gentherm.com/
About Us: Gentherm is a leading developer of thermal management technologies, primarily for the automotive industry. They focus on creating climate-controlled seats, battery thermal management systems, and other temperature-regulating products that enhance comfort and efficiency. With a strong commitment to innovation, Gentherm is at the forefront of sustainable automotive solutions.
The company had nearly 11,000 employees and had revenue of $1.3 Billion.
Founded: 1992
Headquarters: Saint Petersburg, Russia
Website: http://www.kryotherm.ru/
About Us: Kryotherm is a leading manufacturer of thermoelectric modules and cooling systems. With a focus on innovation and quality, they provide customized thermoelectric solutions for a variety of applications, including medical devices, consumer electronics, and industrial equipment. Kryotherm's products are recognized for their efficiency, compactness, and versatility, serving clients worldwide.
The company had nearly200 employees and had revenue of $50 Million.
Founded: 2009
Headquarters: Durham, NC, USA
Website: https://www.phononic.com/
About Us: Phononic is a cutting-edge technology company specializing in solid-state cooling and heating solutions. Their innovative thermoelectric devices are used in a wide range of applications, including refrigeration, climate control, and optical communications. Phononic's approach to thermal management emphasizes sustainability and efficiency, positioning them as a leader in the transition to eco-friendly cooling technologies.
The company had nearly 200 employees and had revenue of $25 Million.
Founded: 1998
Headquarters: Morrisville, NC, USA
Website: https://www.lairdthermal.com/
About Us: Laird Thermal Systems is a global leader in thermal management solutions, specializing in the design and manufacture of thermoelectric modules, temperature controllers, and thermal systems. They serve industries such as medical, telecom, and automotive, providing advanced cooling solutions that enhance performance and reliability. Laird's commitment to innovation and quality makes them a trusted partner for thermal management needs.
The company had nearly 2,000 employees and had revenue of $500 Million.
Founded: 1994
Headquarters: Moscow, Russia
Website: http://www.rmtltd.ru/
About Us: RMT Ltd is a renowned producer of thermoelectric modules and systems, providing state-of-the-art thermal management solutions for various industrial and scientific applications. Specializing in both standard and custom-designed thermoelectric devices, RMT offers products that are characterized by their reliability, high performance, and cost-effectiveness. Their offerings serve a wide range of industries including medical, aerospace, and telecommunications.
The company had nearly 100 employees and had revenue of $20 Million.
Founded: 1989
Headquarters: Traverse City, MI, USA
Website: https://www.tetech.com/
About Us: TE Technology, Inc. is a leader in the field of thermoelectric cooling, offering a diverse array of products including thermoelectric modules, assemblies, and complete thermal management systems. They cater to industries such as medical, military, aerospace, and electronics, providing custom solutions that deliver precision temperature control. With a focus on innovation, TE Technology continually enhances its products to meet the evolving needs of its customers.
The company had nearly 100 employees and had revenue of $15 Million.
Founded: 1996
Headquarters: Berlin, Germany
Website: http://www.tec-microsystems.com/
About Us: TEC Microsystems GmbH is a leading provider of high-quality thermoelectric modules and thermal management solutions. The company is known for its specialized products that serve applications in scientific research, telecommunications, medical technology, and industrial cooling. With an emphasis on precision engineering and customer satisfaction, TEC Microsystems delivers innovative solutions that address complex thermal challenges.
The company had nearly 50 employees and had revenue of $10 Million.
Founded: 2003
Headquarters: Moscow, Russia
Website: http://www.thermion-company.com/
About Us: Thermion Company specializes in the development and production of thermoelectric modules and systems for a broad spectrum of industries, including automotive, consumer electronics, and renewable energy. Their products are recognized for their efficiency, reliability, and adaptability, making them a preferred choice for applications that require precise thermal management. Thermion is committed to innovation and environmental sustainability, driving advancements in energy-efficient technologies.
The company had nearly 200 employees and had revenue of $25 Million.
Founded: 2002
Headquarters: Nanchang, Jiangxi, China
Website: http://www.thermonamic.com/
About Us: Thermonamic Electronics (Jiangxi) Corp. is a prominent producer of thermoelectric modules and systems, serving industries such as electronics, automotive, and renewable energy. Their products are characterized by high performance, efficiency, and environmental friendliness. Thermonamic focuses on continuous innovation and quality improvement to deliver solutions that meet the dynamic needs of its global customer base.
The company had nearly 500 employees and had revenue of $100 Million.
The thermoelectric modules market is poised for significant growth, driven by technological advancements, increasing demand for energy-efficient solutions, and a broadening range of applications. As industries continue to seek innovative ways to manage thermal energy, thermoelectric modules offer a compelling solution that aligns with global sustainability goals and technological progress. The market's future looks promising, with numerous opportunities for development, collaboration, and expansion across various sectors.
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