Global Thermoelectric Material market is expected to reach 50 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/3/1

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.

In the last several years, global market of Thermoelectric Material developed rapidly, with an average growth rate of 8.37%. In 2017, global revenue of Thermoelectric Material is nearly 33.4 M USD; the actual production is about 287.7 MT.

The global average price of Thermoelectric Material is in the decreasing trend, from 124 USD/MT in 2013 to 116 USD/MT in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.

The classification of Thermoelectric Material includes Bi-Te, Pb-Te, etc. The proportion of Bi-Te in 2017 is about 86.87%, and the proportion is in increasing trend from 2013 to 2017.

The global Thermoelectric Material market is valued at 33 million US$ in 2018 is expected to reach 50 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2019-2025.

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