Thermoelectric Generators Global Market Report 2023: Sector to Reach $1.2 Billion by 2027 at a CAGR of 10.1%
The thermoelectric generators market is projected to grow from USD 761 Million in 2022 to USD 1,233 Million by 2027, at a CAGR of 10.1% from 2022 to 2027.
- The thermoelectric generators market is projected to grow from USD 761 Million in 2022 to USD 1,233 Million by 2027, at a CAGR of 10.1% from 2022 to 2027.
- Thermoelectric generators (TEG) are used for power generation across automotive, aerospace & defense, industrial, consumer electronics, healthcare, oil & gas mining, and telecommunications industries.
- In the oil & gas industry, gas fuel thermoelectric generators (GTEGs) are used to power condition monitoring sensors as these generators are extremely reliable electric DC power sources.
- Based on application, the thermoelectric generators market is segmented into energy harvesting, waste heat recovery, direct power generation, and co-generation.