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Thermoelectric Devices Market Expands owing to Energy Conservation Needs Worldwide.
The thermoelectric devices generate the voltage using the temperature difference between metals called as Seebeck effect, or inversely using voltage generate thermal energy as in Peltier effect. This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Published 11 February 2016
Transparency Market Research’s (TMR) new market study on the global thermoelectric devices market presents the development of this market across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific for the 2015-2023 period. The report, titled “Thermoelectric Devices Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023,” finds out how the utilization of thermoelectricity will help conserve energy and also fill the demand-supply gap in energy distribution to some extent.
Generally, energy production results in almost half of it being wasted in the form of heat energy. For example, most of the heat generated during a vehicle’s motion or during the running of heavy machinery is lost as it is released into the air by convection. Due to the ever-increasing gap between the demand and supply of energy, the need to trap the released heat has become a necessity. This is facilitated through thermoelectric devices, wherein thermal energy is converted into electrical energy.
Thermoelectric devices work on the principle of the Seebeck effect. Using this, the temperature difference between metals is used to generate a potential difference and vice versa. The basic utility of these devices lies in heating or cooling; however, in recent years, these devices are being brought into use for large-scale electricity generation.
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In wireless sensors that have a temperature difference, these devices can help overcome battery life and consistency issues. Due to its proven capabilities, the utilization of thermoelectric technology and thermoelectric devices is gaining momentum. In this regard, companies such as Ford, BMW, and Volkswagen are collaborating with NASA to invent systems for the recovery of waste heat in vehicles. The products obtained so far are capable of producing a potential difference of 1000W for an aggregated 3-5% improvement in fuel economy.
Use of thermoelectric devices is increasing in other areas as well. In particular, consumer applications such as mobile phones, sensory wristbands, thermo-powered cooking sensors, watches, and clothing and apparel, among others. For an enhanced application portfolio, more than 300 laboratories around the world are testing the efficacy of thermoelectric effect technology. The U.S. Japan, Germany, and South Korea are the major countries involved in the development of the technology.
However, the utilization of thermoelectric devices is hindered by their high installation cost. Nevertheless, the high efficiency of these devices supersedes the cost factor, especially in military and aerospace sectors, where cost is not an inhibitor. The thermoelectric effect has been used for electrical energy generation in satellite and space probe applications for more than a decade. Application in such sectors is the primary revenue generator for the global thermoelectric devices market.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Generally, energy production results in almost half of it being wasted in the form of heat energy. For example, most of the heat generated during a vehicle’s motion or during the running of heavy machinery is lost as it is released into the air by convection. Due to the ever-increasing gap between the demand and supply of energy, the need to trap the released heat has become a necessity. This is facilitated through thermoelectric devices, wherein thermal energy is converted into electrical energy.
Thermoelectric devices work on the principle of the Seebeck effect. Using this, the temperature difference between metals is used to generate a potential difference and vice versa. The basic utility of these devices lies in heating or cooling; however, in recent years, these devices are being brought into use for large-scale electricity generation.
Download Free Research Report Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6050
In wireless sensors that have a temperature difference, these devices can help overcome battery life and consistency issues. Due to its proven capabilities, the utilization of thermoelectric technology and thermoelectric devices is gaining momentum. In this regard, companies such as Ford, BMW, and Volkswagen are collaborating with NASA to invent systems for the recovery of waste heat in vehicles. The products obtained so far are capable of producing a potential difference of 1000W for an aggregated 3-5% improvement in fuel economy.
Use of thermoelectric devices is increasing in other areas as well. In particular, consumer applications such as mobile phones, sensory wristbands, thermo-powered cooking sensors, watches, and clothing and apparel, among others. For an enhanced application portfolio, more than 300 laboratories around the world are testing the efficacy of thermoelectric effect technology. The U.S. Japan, Germany, and South Korea are the major countries involved in the development of the technology.
However, the utilization of thermoelectric devices is hindered by their high installation cost. Nevertheless, the high efficiency of these devices supersedes the cost factor, especially in military and aerospace sectors, where cost is not an inhibitor. The thermoelectric effect has been used for electrical energy generation in satellite and space probe applications for more than a decade. Application in such sectors is the primary revenue generator for the global thermoelectric devices market.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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Mr. Rohit Bhisey
Transparency Market Research
State Tower, 90 State Street,
Suite 700,
Albany
12207
+91- 8600924083
http://www.transparencymarketresearch.com/
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