DUBLIN – (COMMERCIAL THREAD)–The “Global Thermoelectric Modules Market by Offer, Type, Model, Feature, End User, Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” the report was added to ResearchAndMarkets.com offer.

The global thermoelectric modules market size is expected to reach $ 866 million by 2027, with the market growth of 7.3% CAGR.

Some of the other names of thermoelectric modules are the Peltier cooler or the thermoelectric cooler. It is an electronic element based on semiconductor. The thermoelectric module acts as a small heat pump that circulates heat from one side of the device to the other. In thermoelectric modules, heat pumps are attached to them that can get water from the air through the engineering of structured circuits in the device works on the principle of the Peltier effect. Thermoelectric modules are mainly used to generate electricity by using the temperature variation between the two sides of the module.

The main applications of thermoelectric modules include heat pump, power generation and temperature stabilization. While in notable applications the thermoelectric modules are installed to give varying temperatures, includes a switch to switch from heating to cooling. This process is used to achieve a rapid cyclic temperature called thermal cycling. In addition to this, these cyclic thermoelectric modules are also used to reduce the area mainly affected by the expansion and contraction of ceramic substrates.

Semiconductor industries are developing very rapidly across the world. This is due to the increasing adoption of semiconductors in several other industries, including automotive and electronics. The demand for thermoelectric modules is also expected to increase during the forecast period.

For example, the current ranking of IBD’s electronics and semiconductor manufacturing group is 36 out of a total of 197 industry groups, according to Investor’s Business Daily. The group includes 32 semiconductor companies. Thermoelectric generators are semiconductor-to-semiconductor devices that convert the flow of heat and many; temperature differences in useful DC power sources.

Impact of COVID-19

The outbreak of the COVID-19 pandemic, which is considered a fatal respiratory disease, has also affected the thermoelectric module market. The COVID-19 pandemic is expected to ensure a varying degree of impact on different types of thermoelectric modules. Thus, the COVID-19 pandemic has had a negative impact on the thermoelectric cooler market.

It is mainly due to the decline in aerospace, industrial and automotive applications. Consumer electronics saw revenue decline initially, but is expected to recover from 2021. Telecom and medicine segments also saw a slight decline due to a full lockdown since communications remote storage and transport of drugs / vaccines and pharmaceutical research have taken the place of crucial activities during the pandemic.

Scope of the study

Market segments covered in the report:

By offering

By type

By model

By functionality

• General use

• Deep cooling

By end user

• Consumer electronics

• Automotive

• Industrial

• Medical & Laboratories

• Manufacturing

• Telecommunications

• Other

By geography

• North America

• we

• Canada

• Mexico

• Rest of North America

• Europe

• Germany

• UK

• France

• Russia

• Spain

• Italy

• The rest of europe

• Asia Pacific

• China

• Japan

• India

• South Korea

• Singapore

• Malaysia

• Rest of Asia-Pacific

• LAMEA

• Brazil

• Argentina

• United Arab Emirates

• Saudi Arabia

• South Africa

• Nigeria

• Rest of LAMEA

Profiled companies

• Ferrotec holding company

• II-VI, Incorporated

• Vishay Precision Group, Inc.

• Phononic, Inc.

• Z-Max Co., Ltd.

• Thermion, Inc.

• Kryotherm

• TEC Microsystems GmbH

• TE Technology, Inc.

• Laird Thermal Systems, Inc.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Global Thermoelectric Modules Market by Offer

Chapter 4. Global Thermoelectric Modules Market by Type

Chapter 5. Global Thermoelectric Modules Market by Model

Chapter 6. Global Thermoelectric Modules Market by Feature

Chapter 7. Global Thermoelectric Modules Market by End User

Chapter 8. Global Thermoelectric Modules Market by Region

Chapter 9. Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/jqosfx