Thermoelectric Modules Market Forecast(2021 - 2026)
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• Global Thermoelectric Modules Market is estimated to reach $1.3 billion by 2026, growing at a CAGR of 7.5% from 2021 to 2026. • Thermoelectric module is a semiconductor device used for both heating and cooling in temperature control applications. • These thermoelectric coolers are utilized in various applications including vapor compression refrigeration and electrical vehicles as well as in electrical energy generation. • These modules have wide operating temperature range and are small and light weighted. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • The upsurge in Telecommunication sectors, advancement in Healthcare sectors, Automotive sector and scientific laboratories are driving the growth of the market. • The Automotive sector is dominating the market owing to the upsurge in demand for luxurious vehicles and the thermoelectric coolers are used for cooling and heating applications in automobiles. • In APAC, rise in Telecommunication sector, advanced automobiles, industrial sectors and healthcare sectors have driven the growth of the market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis By Type the market is segmented into MicroThermoelectric, Thin Film Thermoelectric and Bulk Thermoelectric. The bulk thermoelectric modules are witnessing a significant growth of 9.9% through 2026 in the market as they posses highest power output and voltage compared to the others. The bulk therelectric coolers are compact devices with less maintenance necessities. The thermoelectric cooling can be achieved directly when connected with the heat exchangers for dissipation of excessive heat. The supply of Electrical energy causes heat to transfer from from one junction to another due to which the bulk thermoelectric modules are used in the industrial applications. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Thermoelectric Modules Market Industry Outlook • Laird Thermal Systems • • • • • • • • •
TEC Microsystems GmbH Thermonamic Electronics Corporation Ltd. KELK Ltd. Fuxin Technology Co. Ltd. TE Technology Inc. Thermion Company II-VI Marlow Crystal Ltd. Ferrotec Corporation
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Thermoelectric Modules Market - Forecast(2021 - 2026) Learn More About the Report
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