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Global Thermoelectric Material Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Thermoelectric Material Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Bi-Te
    • 1.3.3 Pb-Te
    • 1.3.4 Other Materials
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Thermoelectric Material Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Automotive
    • 1.4.3 Electronics
    • 1.4.4 Biomedical
    • 1.4.5 Other Industry
  • 1.5 Global Thermoelectric Material Market Size & Forecast
    • 1.5.1 Global Thermoelectric Material Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Thermoelectric Material Sales Quantity (2020-2031)
    • 1.5.3 Global Thermoelectric Material Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Ferrotec
    • 2.1.1 Ferrotec Details
    • 2.1.2 Ferrotec Major Business
    • 2.1.3 Ferrotec Thermoelectric Material Product and Services
    • 2.1.4 Ferrotec Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Ferrotec Recent Developments/Updates
  • 2.2 Laird
    • 2.2.1 Laird Details
    • 2.2.2 Laird Major Business
    • 2.2.3 Laird Thermoelectric Material Product and Services
    • 2.2.4 Laird Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Laird Recent Developments/Updates
  • 2.3 KELK
    • 2.3.1 KELK Details
    • 2.3.2 KELK Major Business
    • 2.3.3 KELK Thermoelectric Material Product and Services
    • 2.3.4 KELK Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 KELK Recent Developments/Updates
  • 2.4 Thermonamic Electronics
    • 2.4.1 Thermonamic Electronics Details
    • 2.4.2 Thermonamic Electronics Major Business
    • 2.4.3 Thermonamic Electronics Thermoelectric Material Product and Services
    • 2.4.4 Thermonamic Electronics Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Thermonamic Electronics Recent Developments/Updates
  • 2.5 Marlow
    • 2.5.1 Marlow Details
    • 2.5.2 Marlow Major Business
    • 2.5.3 Marlow Thermoelectric Material Product and Services
    • 2.5.4 Marlow Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Marlow Recent Developments/Updates
  • 2.6 RMT
    • 2.6.1 RMT Details
    • 2.6.2 RMT Major Business
    • 2.6.3 RMT Thermoelectric Material Product and Services
    • 2.6.4 RMT Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 RMT Recent Developments/Updates
  • 2.7 EVERREDtronics
    • 2.7.1 EVERREDtronics Details
    • 2.7.2 EVERREDtronics Major Business
    • 2.7.3 EVERREDtronics Thermoelectric Material Product and Services
    • 2.7.4 EVERREDtronics Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 EVERREDtronics Recent Developments/Updates
  • 2.8 Crystal
    • 2.8.1 Crystal Details
    • 2.8.2 Crystal Major Business
    • 2.8.3 Crystal Thermoelectric Material Product and Services
    • 2.8.4 Crystal Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Crystal Recent Developments/Updates
  • 2.9 Hi-Z
    • 2.9.1 Hi-Z Details
    • 2.9.2 Hi-Z Major Business
    • 2.9.3 Hi-Z Thermoelectric Material Product and Services
    • 2.9.4 Hi-Z Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Hi-Z Recent Developments/Updates
  • 2.10 Tellurex
    • 2.10.1 Tellurex Details
    • 2.10.2 Tellurex Major Business
    • 2.10.3 Tellurex Thermoelectric Material Product and Services
    • 2.10.4 Tellurex Thermoelectric Material Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Tellurex Recent Developments/Updates

3 Competitive Environment: Thermoelectric Material by Manufacturer

  • 3.1 Global Thermoelectric Material Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Thermoelectric Material Revenue by Manufacturer (2020-2025)
  • 3.3 Global Thermoelectric Material Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Thermoelectric Material by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Thermoelectric Material Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Thermoelectric Material Manufacturer Market Share in 2024
  • 3.5 Thermoelectric Material Market: Overall Company Footprint Analysis
    • 3.5.1 Thermoelectric Material Market: Region Footprint
    • 3.5.2 Thermoelectric Material Market: Company Product Type Footprint
    • 3.5.3 Thermoelectric Material Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Thermoelectric Material Market Size by Region
    • 4.1.1 Global Thermoelectric Material Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Thermoelectric Material Consumption Value by Region (2020-2031)
    • 4.1.3 Global Thermoelectric Material Average Price by Region (2020-2031)
  • 4.2 North America Thermoelectric Material Consumption Value (2020-2031)
  • 4.3 Europe Thermoelectric Material Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Thermoelectric Material Consumption Value (2020-2031)
  • 4.5 South America Thermoelectric Material Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Thermoelectric Material Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 5.2 Global Thermoelectric Material Consumption Value by Type (2020-2031)
  • 5.3 Global Thermoelectric Material Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 6.2 Global Thermoelectric Material Consumption Value by Application (2020-2031)
  • 6.3 Global Thermoelectric Material Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 7.2 North America Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 7.3 North America Thermoelectric Material Market Size by Country
    • 7.3.1 North America Thermoelectric Material Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Thermoelectric Material Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 8.2 Europe Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 8.3 Europe Thermoelectric Material Market Size by Country
    • 8.3.1 Europe Thermoelectric Material Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Thermoelectric Material Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Thermoelectric Material Market Size by Region
    • 9.3.1 Asia-Pacific Thermoelectric Material Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Thermoelectric Material Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 10.2 South America Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 10.3 South America Thermoelectric Material Market Size by Country
    • 10.3.1 South America Thermoelectric Material Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Thermoelectric Material Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Thermoelectric Material Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Thermoelectric Material Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Thermoelectric Material Market Size by Country
    • 11.3.1 Middle East & Africa Thermoelectric Material Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Thermoelectric Material Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Thermoelectric Material Market Drivers
  • 12.2 Thermoelectric Material Market Restraints
  • 12.3 Thermoelectric Material Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Thermoelectric Material and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Thermoelectric Material
  • 13.3 Thermoelectric Material Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Thermoelectric Material Typical Distributors
  • 14.3 Thermoelectric Material Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Thermoelectric Material market size was valued at US$ 46.6 million in 2024 and is forecast to a readjusted size of USD 65.7 million by 2031 with a CAGR of 5.1% during review period.
    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.
    Global Thermoelectric Material key players include Ferrotec, Laird, KELK, etc. Global top three manufacturers hold a share over 55%.
    China is the largest market, with a share over 40%, followed by Japan and North America, both have a share over 35 percent.
    In terms of product, Bi-Te is the largest segment, with a share over 85%. And in terms of application, the largest application is Automotive, followed by Electronics, Biomedical, etc.
    This report is a detailed and comprehensive analysis for global Thermoelectric Material market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Thermoelectric Material market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031
    Global Thermoelectric Material market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031
    Global Thermoelectric Material market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031
    Global Thermoelectric Material market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Thermoelectric Material
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Thermoelectric Material market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ferrotec, Laird, KELK, Thermonamic Electronics, Marlow, RMT, EVERREDtronics, Crystal, Hi-Z, Tellurex, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Thermoelectric Material market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Bi-Te
    Pb-Te
    Other Materials
    Market segment by Application
    Automotive
    Electronics
    Biomedical
    Other Industry
    Major players covered
    Ferrotec
    Laird
    KELK
    Thermonamic Electronics
    Marlow
    RMT
    EVERREDtronics
    Crystal
    Hi-Z
    Tellurex
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Thermoelectric Material product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Thermoelectric Material, with price, sales quantity, revenue, and global market share of Thermoelectric Material from 2020 to 2025.
    Chapter 3, the Thermoelectric Material competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Thermoelectric Material breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Thermoelectric Material market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Thermoelectric Material.
    Chapter 14 and 15, to describe Thermoelectric Material sales channel, distributors, customers, research findings and conclusion.

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