Market HighlightsAccording to Market Research Future, the market for the global thermoelectric modules has been segmented on the basis of type, model, function, offerings, application, and region.Thermoelectric Modules are electronic components that work on the principle of the Peltier effect.
The growing adoption of electric vehicles, growing inclination toward renewable energy sources, and increase in demand for energy-efficient consumer electronics are the key factors driving the Thermoelectric Modules market.
However, the high cost of thermoelectric modules, design complexity, and heat dissipation issues are expected to restrain market growth during the forecast period.Get Free Sample Report: https://www.marketresearchfuture.com/sample_request/8503Based on type, the market has been categorized as bulk thermoelectric modules, micro thermoelectric modules, and thin-film thermoelectric modules.
The bulk thermoelectric module segment is projected to account for the largest share during the review period owing to its benefits such as high power output and voltage.
However, the micro-thermoelectric modules segment is expected to register the highest CAGR during the forecast period.Based on the model, the market has been categorized as single-stage and multi-stage.
In 2019, TEC Microsystems introduced a new range of ultra-small multistage thermoelectric coolers—4MD03 series that has eight times smaller volume dimensions.Based on function, the market has been categorized as deep-cooling and general-purpose.