熱電発電機市場 – 2030年までの世界予測

Thermoelectric Generator Market - Global Forecast To 2030

熱電発電機市場 - タイプ(多段式、単段式)、温度(<80、80~500、>500)、材質(テルル化ビスマス、テルル化鉛)、用途(廃熱、エネルギーハーベスティング、直接発電)、電力、産業 - 2030年までの世界予測
Thermoelectric Generator Market Type (Multistage, Single-stage), Temperature (<80, 80-500,> 500), Material (Bismuth Telluride, Lead Telluride), Application (Waste Heat, Energy Harvesting, Direct Power), Power, Industry - Global Forecast to 2030

商品番号 : SMB-4784

出版社MarketsandMarkets
出版年月2025年5月
ページ数281
図表数363
価格タイプシングルユーザライセンス
価格USD 4,950

本調査レポートは、熱電発電機市場をタイプ、電力、温度、材質、用途、業界、地域(北米、欧州、アジア太平洋、その他の地域)別に分類しています。本レポートでは、熱電発電機市場の成長に影響を与える主要な要因(推進要因、制約要因、課題、機会など)に関する詳細な情報を網羅しています。また、今後参入する熱電発電機市場の新興企業に関する競合分析も提供しています。

The global thermoelectric generator market is expected to grow from USD 1.03 billion in 2025 to USD 1.41 billion in 2030 at a CAGR of 6.3% during the forecast period. The primary driver of the global thermoelectric generator (TEG) market is the increasing emphasis on energy efficiency and waste heat recovery across various industries. Industries such as automotive, manufacturing, and power generation are adopting TEG systems to capture and convert waste heat into usable electricity, reducing operational costs and environmental impact. Additionally, the growing demand for fuel-efficient vehicles and stringent government regulations to limit carbon emissions are further propelling the adoption of TEG technology.

世界の熱電発電機市場は、予測期間中に2025年の10億3,000万米ドルから2030年には14億1,000万米ドルへと年平均成長率6.3%で成長すると予測されています。世界の熱電発電機(TEG)市場を牽引する主な要因は、様々な業界におけるエネルギー効率と廃熱回収への関心の高まりです。自動車、製造業、発電などの業界では、廃熱を回収して利用可能な電力に変換することで運用コストと環境への影響を削減するTEGシステムが導入されています。さらに、燃費の良い自動車への需要の高まりと、炭素排出量を制限するための厳格な政府規制も、TEG技術の採用をさらに促進しています。

熱電発電機市場 - 2030年までの世界予測
thermoelectric-generators-market

“Medium (80°–500°C) temperature segment is estimated to contribute a significant share to the thermoelectric generator market.”

The medium-temperature segment (80°C to 500°C) is anticipated to dominate the thermoelectric generator (TEG) market due to its suitability for various industrial applications where significant waste heat is available. Industries such as automotive, manufacturing, and power generation produce substantial waste heat within this temperature range, making TEGs an effective solution for converting this heat into usable electricity.  As industries focus on energy conservation and emission reduction, the demand for medium-temperature TEGs is expected to grow, solidifying their leading position in the market.

“The thermoelectric generator market in the telecom industry is projected to grow significantly during the forecast period.”

The thermoelectric generator (TEG) market is poised to experience significant growth in the telecommunications sector due to increasing energy demand and the need for reliable, off-grid power solutions. Telecom towers, especially in remote or rural areas, often face challenges with energy access and fuel dependence. TEGs offer a sustainable alternative by converting waste heat from diesel generators or natural heat sources into electricity, reducing fuel consumption and maintenance requirements. This is particularly valuable for telecom operators aiming to reduce their carbon footprint and ensure uninterrupted power supply in off-grid locations. As a result, the telecommunications industry is emerging as a promising and fast-growing application area within the global TEG market.

熱電発電機市場 - 2030年までの世界予測 region
thermoelectric-generators-market-region

“The US is projected to dominate the thermoelectric generator market.”

The US is expected to dominate the global thermoelectric generator (TEG) market due to its strong focus on technological innovation, energy efficiency, and industrial modernization. The country’s widespread emphasis on waste heat recovery is a major driver, especially across heavy industries such as manufacturing, oil & gas, and automotive, where vast amounts of energy are lost as heat. Moreover, leading TEG developers such as Gentherm, Coherent Corp., and Global Power Technologies further strengthen the country’s market. These companies invest heavily in R&D and commercializing advanced thermoelectric materials and systems. The mature industrial base and innovation-driven ecosystem, along with a stringent regulatory environment, position the US as the leading market for thermoelectric generators globally.

In-depth interviews have been conducted with Chief Executive Officers (CEOs), Directors, and other executives from various key organizations operating in the thermoelectric generator market.

  • By Company Type: Tier 1 – 42%, Tier 2 – 37%, and Tier 3 – 21%
  • By Designation: C-level Executives – 48%, Directors – 33%, and Others – 19%
  • By Region: North America – 35%, Europe – 18%, Asia Pacific – 40%, and RoW – 7%

The study includes an in-depth competitive analysis of these key players in the thermoelectric generator market, with their company profiles, recent developments, and key market strategies. The key players in the thermoelectric generator market include Coherent Inc. (US), Global Power Technologies (Canada), Ferrotec Holdings (Japan), Komatsu Ltd. (Japan), and Kyocera Corporation (Japan).

熱電発電機市場 - 2030年までの世界予測 ecosystem
thermoelectric-generators-market-ecosystem

Research Coverage

This research report categorizes the thermoelectric generator market by type, power, temperature, material, application, industry, and region (North America, Europe, Asia Pacific, and RoW). The report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the thermoelectric generator market. This report covers a competitive analysis of upcoming thermoelectric generator market startups.

Reasons to buy this report

The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the thermoelectric generator market and subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing demand for waste heat recovery applications), restraints (High initial cost, low efficiency), opportunities (Incorporation in various sectors), and challenges (Structural complexities) influencing the growth of the thermoelectric generator market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the thermoelectric generator market
  • Market Development: Comprehensive information about lucrative markets–the report analyses the thermoelectric generator market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the thermoelectric generator market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the thermoelectric generator market, such as Coherent Inc. (US), Global Power Technologies (Canada), Ferrotec Holdings (Japan), Komatsu Ltd. (Japan), and Kyocera Corporation (Japan).

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      29

1.3.2        YEARS CONSIDERED      30

1.3.3        INCLUSIONS AND EXCLUSIONS 30

1.4           CURRENCY CONSIDERED            31

1.5           UNITS CONSIDERED      31

1.6           LIMITATIONS    31

1.7           STAKEHOLDERS               31

1.8           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH DATA              33

2.1.1        SECONDARY AND PRIMARY RESEARCH 34

2.1.2        SECONDARY DATA          35

2.1.2.1    List of key secondary sources              35

2.1.2.2    Key data from secondary sources       35

2.1.3        PRIMARY DATA 36

2.1.3.1    Intended participants and key opinion leaders                 36

2.1.3.2    Key data from primary sources           36

2.1.3.3    Key industry insights           37

2.1.3.4    Breakdown of primaries      38

2.2           FACTOR ANALYSIS          38

2.3           MARKET SIZE ESTIMATION         39

2.3.1        BOTTOM-UP APPROACH              40

2.3.1.1    Approach to estimate market size using bottom-up analysis

(demand side)       40

2.3.2        TOP-DOWN APPROACH                41

2.3.2.1    Approach to estimate market size using top-down analysis

(supply side)         41

2.4           DATA TRIANGULATION                42

2.5           RESEARCH ASSUMPTIONS           43

2.6           RESEARCH LIMITATIONS             43

2.7           RISK ANALYSIS  44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THERMOELECTRIC

GENERATORS MARKET 49

4.2           THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE 49

4.3           THERMOELECTRIC GENERATORS MARKET, BY POWER                 50

4.4           THERMOELECTRIC GENERATORS MARKET, BY APPLICATION   50

4.5           THERMOELECTRIC GENERATORS MARKET, BY REGION                 51

5               MARKET OVERVIEW       52

5.1           INTRODUCTION              52

5.2           MARKET DYNAMICS       52

5.2.1        DRIVERS               53

5.2.1.1    High demand for waste heat recovery and direct power generation              53

5.2.1.2    Need for fuel efficiency amid stringent emission control norms                 53

5.2.1.3    Durable and maintenance-free power source  54

5.2.2        RESTRAINTS      55

5.2.2.1    Low efficiency of thermoelectric generators    55

5.2.2.2    High initial cost and lack of skilled personnel  55

5.2.3        OPPORTUNITIES              56

5.2.3.1    Ongoing research and development to enhance performance                 56

5.2.3.2    Increasing adoption of thermoelectric generators across

various sectors      56

5.2.4        CHALLENGES    57

5.2.4.1    Availability of prominent substitutes and structural complexities                 57

5.3           AI IMPACT ON THERMOELECTRIC GENERATORS MARKET               58

5.4           SUPPLY CHAIN ANALYSIS             59

5.4.1        RESEARCH AND DEVELOPMENT               60

5.4.2        MANUFACTURERS           60

5.4.3        DISTRIBUTION/RESELLERS        61

5.4.4        ASSEMBLERS/INSTALLERS/INTEGRATORS          61

5.4.5        END USERS         61

5.4.6        AFTER-SALES SERVICES                61

5.5           ECOSYSTEM ANALYSIS  62

5.6           INVESTMENT AND FUNDING SCENARIO               64

5.7           PRICING ANALYSIS          64

5.7.1        AVERAGE SELLING PRICE OF KEY PLAYERS, BY TEMPERATURE 64

5.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            67

5.9           TECHNOLOGY ANALYSIS             68

5.9.1        KEY TECHNOLOGIES     68

5.9.1.1    Automotive exhaust thermoelectric generators                68

5.9.1.2    Wearable thermoelectric generators  68

5.9.1.3    Solar thermoelectric generators          68

5.9.1.4    Radioisotope thermoelectric generators            68

5.9.1.5    Advancements in thermoelectric materials      69

5.9.2        COMPLEMENTARY TECHNOLOGIES       69

5.9.2.1    Flexible thermoelectric materials       69

5.9.2.2    Self-healing wearable thermoelectric devices  69

5.9.3        ADJACENT TECHNOLOGIES       70

5.9.3.1    Miniature thermoelectric generators 70

5.10         PORTER’S FIVE FORCES ANALYSIS           70

5.10.1      THREAT OF NEW ENTRANTS      71

5.10.2      THREAT OF SUBSTITUTES          71

5.10.3      BARGAINING POWER OF SUPPLIERS       71

5.10.4      BARGAINING POWER OF BUYERS             71

5.10.5      INTENSITY OF COMPETITIVE RIVALRY 71

5.11         KEY STAKEHOLDERS AND BUYING CRITERIA     72

5.11.1      KEY STAKEHOLDERS IN BUYING PROCESS           72

5.11.2      BUYING CRITERIA           73

5.12         CASE STUDY ANALYSIS 74

5.12.1      THERMOELECTRIC GENERATORS IN SPACE       74

5.12.2      GLOBAL POWER TECHNOLOGIES DEPLOYS MODEL 1120 TEGS TO

LARGE UPSTREAM OPERATOR IN NORTHEASTERN USA                 74

5.12.3      DAGARTECH‘S CUSTOMIZED GENERATOR SETS FOR LARGEST POWER GENERATOR IN MEXICO          75

5.13         TRADE ANALYSIS             76

5.13.1      IMPORT SCENARIO (HS CODE 850131)    76

5.13.2      EXPORT SCENARIO (HS CODE 850131)    77

5.14         PATENT ANALYSIS          78

5.14.1      LIST OF MAJOR PATENTS             79

5.15         KEY CONFERENCES AND EVENTS, 2025–2026        80

5.16         REGULATORY LANDSCAPE         81

5.16.1      REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

5.16.2      STANDARDS      83

5.17         2025 US TARIFF IMPACT ON THERMOELECTRIC GENERATORS MARKET 84

5.17.1      INTRODUCTION              84

5.17.2      KEY TARIFF RATES          85

5.17.3      PRICE IMPACT ANALYSIS             85

5.17.4      KEY IMPACTS ON VARIOUS COUNTRIES/REGIONS                 86

5.17.4.1  US           86

5.17.4.2  Europe   87

5.17.4.3  Asia Pacific            88

5.17.5      IMPACT ON END-USE INDUSTRIES          88

6               THERMOELECTRIC GENERATORS MARKET, BY TYPE                 91

6.1           INTRODUCTION              92

6.2           SINGLE-STAGE 93

6.2.1        WIDE ADOPTION IN LOW-MEDIUM TEMPERATURE APPLICATIONS

TO DRIVE MARKET         93

6.3           MULTI-STAGE   95

6.3.1        HIGH EFFICIENCY AND RELIABILITY IN EXTREME ENVIRONMENTS AND ENERGY RECOVERY APPLICATIONS TO DRIVE DEMAND               95

7               THERMOELECTRIC GENERATORS MARKET, BY MATERIAL           97

7.1           INTRODUCTION              98

7.2           BISMUTH TELLURIDE   99

7.2.1        WIDE ADOPTION IN WASTE HEAT RECOVERY APPLICATIONS

TO DRIVE MARKET         99

7.3           LEAD TELLURIDE            101

7.3.1        HIGH EFFICIENCY, THERMAL STABILITY, AND PERFORMANCE IN INDUSTRIAL AND AEROSPACE APPLICATIONS TO DRIVE MARKET         101

7.4           OTHERS                102

8               THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE 104

8.1           INTRODUCTION              105

8.2           LOW (<80°C)    107

8.2.1        DEMAND FOR ENERGY HARVESTING IN POWER ELECTRONICS, SENSORS, AND LOW-POWER IOT DEVICES TO DRIVE MARKET 107

8.3           MEDIUM (80°C TO 500°C)         108

8.3.1        GROWING ADOPTION IN AUTOMOTIVE, INDUSTRIAL, AND TELECOM TO RECOVER WASTE HEAT TO DRIVE MARKET GROWTH             108

8.4           HIGH (>500°C)                 109

8.4.1        DEMAND FOR EFFICIENT POWER GENERATION IN SPACE MISSIONS, NUCLEAR FACILITIES, AND HIGH-HEAT INDUSTRIAL PROCESSES

TO FUEL GROWTH          109

9               THERMOELECTRIC GENERATORS MARKET, BY POWER                 111

9.1           INTRODUCTION              112

9.2           LOW POWER (<10W)       113

9.2.1        ADOPTION IN IOT DEVICES, WEARABLES, AND REMOTE SENSORS

TO DRIVE MARKET         113

9.3           MEDIUM POWER (10W TO 1KW)                115

9.3.1        NEED FOR COST-EFFECTIVE ENERGY RECOVERY IN AUTOMOTIVE AND RENEWABLE ENERGY SECTORS TO SUPPORT MARKET GROWTH     115

9.4           HIGH POWER (>1KW)    116

9.4.1        NEED FOR LARGE-SCALE WASTE HEAT RECOVERY, ENERGY EFFICIENCY, AND POWER GENERATION IN HEAVY INDUSTRIES TO DRIVE DEMAND              116

10            THERMOELECTRIC GENERATORS MARKET, BY APPLICATION   118

10.1         INTRODUCTION              119

10.2         WASTE HEAT RECOVERY              121

10.2.1      ADOPTION IN AUTOMOTIVE AND INDUSTRIAL SECTORS TO DRIVE MARKET     121

10.3         ENERGY HARVESTING   122

10.3.1      RISING DEMAND FOR SUSTAINABLE ENERGY AND ABILITY TO CONVERT AMBIENT HEAT INTO POWER TO DRIVE MARKET GROWTH          122

10.4         DIRECT POWER GENERATION  123

10.4.1      NEED FOR MAINTENANCE-FREE POWER IN REMOTE AND OFF-GRID LOCATIONS TO DRIVE DEMAND              123

10.5         CO-GENERATION            125

10.5.1      NEED FOR EFFICIENT ENERGY IN VARIOUS INDUSTRIAL SETTING TO

DRIVE GROWTH               125

11            THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY           127

11.1         INTRODUCTION              128

11.2         AUTOMOTIVE & TRANSPORTATION      131

11.2.1      NEED FOR THERMOELECTRIC WASTE HEAT RECOVERY DEVICES TO IMPROVE FUEL ECONOMY TO DRIVE DEMAND                 131

11.2.2      ICE-POWERED VEHICLES             131

11.2.3      ELECTRIC VEHICLES      131

11.3         AEROSPACE & DEFENSE                138

11.3.1      INCREASING ADOPTION IN MILITARY AND COMMERCIAL APPLICATIONS TO FUEL MARKET GROWTH                 138

11.3.2      AVIATION           138

11.3.2.1  Civil aircraft           139

11.3.2.2  Military aircraft     139

11.3.2.3  Unmanned aerial vehicles   139

11.3.2.4  Defense  139

11.4         MARINE                146

11.4.1      NEED FOR WASTE HEAT ENERGY RECOVERY TO POWER SENSORS AND ELECTRONICS CONTROL ON SHIPS TO DRIVE MARKET               146

11.4.2      MILITARY SHIPS               146

11.4.3      COMMERCIAL SHIPS      146

11.5         INDUSTRIAL      154

11.5.1      MANUFACTURING AND CHEMICAL PROCESSING APPLICATIONS TO

DRIVE MARKET GROWTH            154

11.5.2      CHEMICAL PROCESSING              154

11.5.3      ALUMINUM & STEEL FOUNDRY 154

11.5.4      GLASS & METAL CASTING FOUNDRY     154

11.5.5      MINING                154

11.6         CONSUMER        161

11.6.1      GROWING DEMAND FOR HEART MONITORING DEVICES TO

INCREASE ADOPTION   161

11.6.2      WEARABLES       161

11.6.3      CONSUMER ELECTRONICS          161

11.7         OIL & GAS            168

11.7.1      DEMAND FOR POWER SOURCES IN REMOTE AREAS TO FUEL

MARKET GROWTH          168

11.8         MEDICAL             175

11.8.1      INCREASED ADOPTION IN MEDICAL DEVICES TO HARVEST AMBIENT HEAT TO SUPPORT MARKET GROWTH                 175

11.8.2      IMPLANTABLE  175

11.8.3      WEARABLES       176

11.9         DATA CENTERS                 183

11.9.1      INCREASING FOCUS ON ENHANCING SUSTAINABILITY TO FUEL DEMAND          183

12            THERMOELECTRIC GENERATORS MARKET, BY REGION                 191

12.1         INTRODUCTION              192

12.2         NORTH AMERICA             193

12.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 193

12.2.2      US           196

12.2.2.1  Significant growth in telecom, aerospace, and automotive industries to fuel demand   196

12.2.3      CANADA               196

12.2.3.1  Need for waste heat recovery in industrial and medical sectors fuelling market growth         196

12.2.4      MEXICO                197

12.2.4.1  Growing industrial and energy sectors fueling demand for thermoelectric generators   197

12.3         EUROPE               197

12.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      197

12.3.2      GERMANY           200

12.3.2.1  Growing automotive industry to fuel demand 200

12.3.3      UK          201

12.3.3.1  Expanding manufacturing & processing sector driving demand for thermoelectric generators              201

12.3.4      FRANCE                201

12.3.4.1  Government initiatives for digital transformation to support

market growth       201

12.3.5      ITALY    201

12.3.5.1  Government initiatives to expand manufacturing sector

boosting demand  201

12.3.6      SPAIN    202

12.3.6.1  Increasing production capacity of automotive sector to

boost adoption      202

12.3.7      POLAND               202

12.3.7.1  Focus on sustainability across various sectors boosting demand                 202

12.3.8      NORDICS             202

12.3.8.1  Strong regional focus on energy efficiency, sustainability, and technological innovation to fuel growth            202

12.3.9      REST OF EUROPE             203

12.4         ASIA PACIFIC     203

12.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 203

12.4.2      CHINA  206

12.4.2.1  Rising demand from manufacturing sector to boost market                 206

12.4.3      JAPAN   207

12.4.3.1  Growing focus on energy efficiency and carbon neutrality to

drive market          207

12.4.4      SOUTH KOREA  207

12.4.4.1  Presence of established consumer, automotive, and other industries to drive demand 207

12.4.5      INDIA    208

12.4.5.1  Government initiatives and industrialization to drive market                 208

12.4.6      AUSTRALIA         208

12.4.6.1  Strong emphasis on development of renewable sector to support market growth       208

12.4.7      INDONESIA        209

12.4.7.1  Rapid advancements in healthcare and manufacturing sectors to increase adoption 209

12.4.8      MALAYSIA           209

12.4.8.1  Expansion in manufacturing, chemical processing, and oil & gas sectors to drive market         209

12.4.9      THAILAND          209

12.4.9.1  Rapidly expanding renewable energy sector to fuel demand                 209

12.4.10   VIETNAM             210

12.4.10.1                 Rapid industrial growth and increasing energy needs to

increase demand   210

12.4.11   REST OF ASIA PACIFIC   210

12.5         ROW      210

12.5.1      MACROECONOMIC OUTLOOK FOR ROW              211

12.5.2      MIDDLE EAST   212

12.5.2.1  Bahrain  213

12.5.2.1.1                Government initiative to modernize industries

fueling growth       213

12.5.2.2  Kuwait    214

12.5.2.2.1                Expanding energy sector fueling market growth                 214

12.5.2.3  Oman     214

12.5.2.3.1                Focus on diversifying energy mix and achieving sustainability goals to support market growth 214

12.5.2.4  Qatar      214

12.5.2.4.1                Diversification of energy sector to increase adoption                 214

12.5.2.5  Saudi Arabia          215

12.5.2.5.1                Increasing focus on renewable energy sector to

fuel adoption         215

12.5.2.6  UAE        215

12.5.2.6.1                Growing industrial sector to fuel demand        215

12.5.2.7  Rest of Middle East              215

12.5.3      AFRICA 216

12.5.3.1  South Africa           216

12.5.3.1.1                Presence of diverse industrial landscape to support

market growth       216

12.5.3.2  Rest of Africa        216

12.5.4      SOUTH AMERICA             216

12.5.4.1  Expansion of industrial sector to propel market               216

13            COMPETITIVE LANDSCAPE         217

13.1         OVERVIEW          217

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 217

13.3         REVENUE ANALYSIS, 2021–2024  218

13.4         MARKET SHARE ANALYSIS, 2024                 218

13.5         COMPANY VALUATION AND FINANCIAL METRICS                 221

13.6         BRAND/PRODUCT COMPARISON             222

13.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 223

13.7.1      STARS   223

13.7.2      EMERGING LEADERS     223

13.7.3      PERVASIVE PLAYERS      223

13.7.4      PARTICIPANTS 223

13.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         225

13.7.5.1  Company footprint               225

13.7.5.2  Region footprint   226

13.7.5.3  Type footprint       227

13.7.5.4  Material footprint 228

13.7.5.5  Industry footprint 229

13.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        230

13.8.1      PROGRESSIVE COMPANIES         230

13.8.2      RESPONSIVE COMPANIES            230

13.8.3      DYNAMIC COMPANIES  230

13.8.4      STARTING BLOCKS         230

13.8.5      COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024                 232

13.8.5.1  Detailed list of key startups/SMEs    232

13.8.5.2  Competitive benchmarking of key startups/SMEs          232

13.9         COMPETITIVE SCENARIO             233

13.9.1      PRODUCT LAUNCHES   233

13.9.2      DEALS  234

14            COMPANY PROFILES      235

14.1         KEY PLAYERS     235

14.1.1      COHERENT CORP.           235

14.1.1.1  Business overview 235

14.1.1.2  Products/Solutions/Services offered 236

14.1.1.3  Recent developments           238

14.1.1.3.1                Product launches  238

14.1.1.3.2                Deals      238

14.1.1.4  MNM view             238

14.1.1.4.1                Key strengths        238

14.1.1.4.2                Strategic choices   239

14.1.1.4.3                Weaknesses and competitive threats 239

14.1.2      GLOBAL POWER TECHNOLOGIES            240

14.1.2.1  Business overview 240

14.1.2.2  Products/Solutions/Services offered 240

14.1.2.3  Recent developments           241

14.1.2.3.1                Product launches  241

14.1.2.3.2                Deals      242

14.1.2.4  MNM view             242

14.1.2.4.1                Key strengths        242

14.1.2.4.2                Strategic choices   242

14.1.2.4.3                Weaknesses and competitive threats 242

14.1.3      KOMATSU LTD. (KELK LTD.)      243

14.1.3.1  Business overview 243

14.1.3.2  Products/Solutions/Services offered 244

14.1.3.3  MNM view             245

14.1.3.3.1                Key strengths        245

14.1.3.3.2                Strategic choices   245

14.1.3.3.3                Weaknesses and competitive threats 245

14.1.4      FERROTEC HOLDINGS CORPORATION 246

14.1.4.1  Business overview 246

14.1.4.2  Products/Solutions/Services offered 246

14.1.4.3  Recent developments           248

14.1.4.3.1                Deals      248

14.1.4.4  MNM view             248

14.1.4.4.1                Key strengths        248

14.1.4.4.2                Strategic choices   248

14.1.4.4.3                Weaknesses and competitive threats 248

14.1.5      KYOCERA CORPORATION            249

14.1.5.1  Business overview 249

14.1.5.2  Products/Solutions/Services offered 250

14.1.5.3  MNM view             251

14.1.5.3.1                Key strengths        251

14.1.5.3.2                Strategic choices   251

14.1.5.3.3                Weaknesses and competitive threats 251

14.1.6      RMT LTD.            252

14.1.6.1  Business overview 252

14.1.6.2  Products/Solutions/Services offered 252

14.1.7      RIF          253

14.1.7.1  Business overview 253

14.1.7.2  Products/Solutions/Services offered 253

14.1.8      KRYOTHERM     254

14.1.8.1  Business overview 254

14.1.8.2  Products/Solutions/Services offered 254

14.1.9      TELEDYNE TECHNOLOGIES INCORPORATED    256

14.1.9.1  Business overview 256

14.1.9.2  Products/Solutions/Services offered 257

14.1.9.3  Recent developments           258

14.1.10   BENTEK SYSTEMS            259

14.1.10.1                 Business overview 259

14.1.10.2                 Products/Solutions/Services offered 259

14.1.11   O-FLEXX TECHNOLOGIES GMBH              260

14.1.11.1                 Business overview 260

14.1.11.2                 Products/Solutions/Services offered 260

14.1.12   EVERREDTRONICS LTD.                261

14.1.12.1                 Business overview 261

14.1.12.2                 Products/Solutions/Services offered 261

14.1.13   PERPETUA POWER BY GRACE TECHNOLOGIES 262

14.1.13.1                 Business overview 262

14.1.13.2                 Products/Solutions/Services offered 262

14.2         OTHER PLAYERS              263

14.2.1      P&N TECHNOLOGY CO., LTD.    263

14.2.2      BRIMROSE CORPORATION          264

14.2.3      RGS DEVELOPMENT BV                264

14.2.4      PL ENGINEERING LTD. 265

14.2.5      MICROPELT       265

14.2.6      SHEETAK             266

14.2.7      HI-Z TECHNOLOGY        267

14.2.8      ALIGN SOURCING LLC   268

14.2.9      TEC MICROSYSTEMS GMBH        268

14.2.10   ANALOG TECHNOLOGIES INC. 269

14.2.11   WELLEN TECHNOLOGY CO., LTD.            270

14.2.12   SAME SKY            271

15            APPENDIX           272

15.1         INSIGHTS FROM INDUSTRY EXPERTS     272

15.2         DISCUSSION GUIDE        273

15.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                277

15.4         CUSTOMIZATION OPTIONS        279

15.5         RELATED REPORTS         279

15.6         AUTHOR DETAILS           280

LIST OF TABLES

TABLE 1                RESEARCH ASSUMPTIONS           43

TABLE 2                RESEARCH LIMITATIONS             43

TABLE 3                RISK ANALYSIS  44

TABLE 4                THERMOELECTRIC GENERATORS MARKET: ROLE OF COMPANIES IN ECOSYSTEM    63

TABLE 5                AVERAGE SELLING PRICE OF THERMOELECTRIC GENERATORS OFFERED

BY MAJOR PLAYERS, BY TEMPERATURE (USD)   65

TABLE 6                AVERAGE SELLING PRICE TREND OF THERMOELECTRIC GENERATORS,

BY TEMPERATURE, 2021−2024 (USD)     65

TABLE 7                AVERAGE SELLING PRICE TREND OF THERMOELECTRIC GENERATORS, BY REGION, 2021−2024 (USD)    66

TABLE 8                THERMOELECTRIC GENERATORS MARKET: IMPACT OF PORTER’S FIVE FORCES        71

TABLE 9                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE INDUSTRIES              72

TABLE 10              KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES       73

TABLE 11              IMPORT DATA FOR HS CODE 850131-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            76

TABLE 12              EXPORT DATA FOR HS CODE 850131-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION)            77

TABLE 13              THERMOELECTRIC GENERATORS MARKET: CONFERENCES AND

EVENTS, 2025–2026           80

TABLE 14              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  81

TABLE 15              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 16              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 17              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 18              KEY STANDARDS              84

TABLE 19              US-ADJUSTED RECIPROCAL TARIFF RATES                 85

TABLE 20              TABLE 3: EXPECTED CHANGE IN PRICES AND IMPACT ON END-USE

MARKET DUE TO TARIFF             86

TABLE 21              THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2021–2024 (USD MILLION)                92

TABLE 22              THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2025–2030 (USD MILLION)                93

TABLE 23              SINGLE-STAGE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            94

TABLE 24              SINGLE-STAGE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            94

TABLE 25              MULTI-STAGE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            95

TABLE 26              MULTI-STAGE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            96

TABLE 27              THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            99

TABLE 28              THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            99

TABLE 29              BISMUTH TELLURIDE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)            100

TABLE 30              BISMUTH TELLURIDE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)            101

TABLE 31              LEAD TELLURIDE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)            102

TABLE 32              LEAD TELLURIDE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)            102

TABLE 33              OTHERS: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            103

TABLE 34              OTHERS: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            103

TABLE 35              THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            105

TABLE 36              THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            106

TABLE 37              THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (MILLION UNITS)        106

TABLE 38              THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (MILLION UNITS)        106

TABLE 39              LOW: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            107

TABLE 40              LOW: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            108

TABLE 41              MEDIUM: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            109

TABLE 42              MEDIUM: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            109

TABLE 43              HIGH: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            110

TABLE 44              HIGH: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            110

TABLE 45              THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            113

TABLE 46              THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            113

TABLE 47              LOW POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            114

TABLE 48              LOW POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            114

TABLE 49              MEDIUM POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            115

TABLE 50              MEDIUM POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            116

TABLE 51              HIGH POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            117

TABLE 52              HIGH POWER: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            117

TABLE 53              THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            120

TABLE 54              THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            120

TABLE 55              WASTE HEAT RECOVERY: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)            121

TABLE 56              WASTE HEAT RECOVERY: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)            122

TABLE 57              ENERGY HARVESTING: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)            123

TABLE 58              ENERGY HARVESTING: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)            123

TABLE 59              DIRECT POWER GENERATION: THERMOELECTRIC GENERATORS MARKET,

BY INDUSTRY, 2021–2024 (USD MILLION)              124

TABLE 60              DIRECT POWER GENERATION: THERMOELECTRIC GENERATORS MARKET,

BY INDUSTRY, 2025–2030 (USD MILLION)              124

TABLE 61              CO-GENERATION: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            125

TABLE 62              CO-GENERATION: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            126

TABLE 63              THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            129

TABLE 64              THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            130

TABLE 65              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY TYPE, 2021–2024 (USD MILLION)         132

TABLE 66              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY TYPE, 2025–2030 (USD MILLION)         132

TABLE 67              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY POWER, 2021–2024 (USD MILLION)    132

TABLE 68              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY POWER, 2025–2030 (USD MILLION)    132

TABLE 69              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY TEMPERATURE, 2021–2024 (USD MILLION)    133

TABLE 70              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY TEMPERATURE, 2025–2030 (USD MILLION)    133

TABLE 71              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY MATERIAL, 2021–2024 (USD MILLION)              133

TABLE 72              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY MATERIAL, 2025–2030 (USD MILLION)              134

TABLE 73              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       134

TABLE 74              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       134

TABLE 75              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY REGION, 2021–2024 (USD MILLION)   135

TABLE 76              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET,

BY REGION, 2025–2030 (USD MILLION)   135

TABLE 77              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)               135

TABLE 78              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)               136

TABLE 79              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)     136

TABLE 80              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)     136

TABLE 81              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)     137

TABLE 82              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)     137

TABLE 83              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)            138

TABLE 84              AUTOMOTIVE & TRANSPORTATION: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)            138

TABLE 85              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2021–2024 (USD MILLION)                 139

TABLE 86              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY TYPE, 2025–2030 (USD MILLION)                 139

TABLE 87              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY POWER, 2021–2024 (USD MILLION)                 140

TABLE 88              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY POWER, 2025–2030 (USD MILLION)                 140

TABLE 89              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET,

BY TEMPERATURE, 2021–2024 (USD MILLION)    140

TABLE 90              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET,

BY TEMPERATURE, 2025–2030 (USD MILLION)    141

TABLE 91              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2021–2024 (USD MILLION)            141

TABLE 92              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL, 2025–2030 (USD MILLION)            141

TABLE 93              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       142

TABLE 94              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       142

TABLE 95              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY REGION, 2021–2024 (USD MILLION)                 142

TABLE 96              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET, BY REGION, 2025–2030 (USD MILLION)                 143

TABLE 97              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)            143

TABLE 98              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)            143

TABLE 99              AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION) 144

TABLE 100            AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION) 144

TABLE 101            AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)       145

TABLE 102            AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)       145

TABLE 103            AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN ROW,

BY REGION, 2021–2024 (USD MILLION)   146

TABLE 104            AEROSPACE & DEFENSE: THERMOELECTRIC GENERATORS MARKET IN ROW,

BY REGION, 2025–2030 (USD MILLION)   146

TABLE 105            MARINE: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            147

TABLE 106            MARINE: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            147

TABLE 107            MARINE: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            147

TABLE 108            MARINE: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            147

TABLE 109            MARINE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            148

TABLE 110            MARINE: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            148

TABLE 111            MARINE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            148

TABLE 112            MARINE: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            149

TABLE 113            MARINE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            149

TABLE 114            MARINE: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            149

TABLE 115            MARINE: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            150

TABLE 116            MARINE: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            150

TABLE 117            MARINE: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               150

TABLE 118            MARINE: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               151

TABLE 119            MARINE: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 151

TABLE 120            MARINE: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 152

TABLE 121            MARINE: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)            152

TABLE 122            MARINE: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)            153

TABLE 123            MARINE: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            153

TABLE 124            MARINE: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2025–2030 (USD MILLION)            153

TABLE 125            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            154

TABLE 126            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            154

TABLE 127            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            155

TABLE 128            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            155

TABLE 129            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            155

TABLE 130            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            156

TABLE 131            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            156

TABLE 132            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            156

TABLE 133            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            157

TABLE 134            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            157

TABLE 135            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            157

TABLE 136            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            158

TABLE 137            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               158

TABLE 138            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               158

TABLE 139            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 159

TABLE 140            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 159

TABLE 141            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               160

TABLE 142            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               160

TABLE 143            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)                 161

TABLE 144            INDUSTRIAL: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)                 161

TABLE 145            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            162

TABLE 146            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            162

TABLE 147            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            162

TABLE 148            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            162

TABLE 149            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            163

TABLE 150            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            163

TABLE 151            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            163

TABLE 152            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            164

TABLE 153            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            164

TABLE 154            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            164

TABLE 155            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            165

TABLE 156            CONSUMER: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            165

TABLE 157            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               165

TABLE 158            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               166

TABLE 159            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 166

TABLE 160            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 166

TABLE 161            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               167

TABLE 162            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               167

TABLE 163            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)                 168

TABLE 164            CONSUMER: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)                 168

TABLE 165            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            168

TABLE 166            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            169

TABLE 167            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            169

TABLE 168            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            169

TABLE 169            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            169

TABLE 170            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            170

TABLE 171            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            170

TABLE 172            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            170

TABLE 173            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            171

TABLE 174            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            171

TABLE 175            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            171

TABLE 176            OIL & GAS: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            172

TABLE 177            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               172

TABLE 178            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               172

TABLE 179            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 173

TABLE 180            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 173

TABLE 181            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               174

TABLE 182            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               174

TABLE 183            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            175

TABLE 184            OIL & GAS: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2025–2030 (USD MILLION)            175

TABLE 185            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            176

TABLE 186            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            176

TABLE 187            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            176

TABLE 188            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            177

TABLE 189            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2021–2024 (USD MILLION)            177

TABLE 190            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE,

2025–2030 (USD MILLION)            177

TABLE 191            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            178

TABLE 192            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            178

TABLE 193            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            178

TABLE 194            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            179

TABLE 195            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            179

TABLE 196            MEDICAL: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            179

TABLE 197            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               180

TABLE 198            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               180

TABLE 199            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)                 180

TABLE 200            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)                 181

TABLE 201            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               181

TABLE 202            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               182

TABLE 203            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2021–2024 (USD MILLION)            182

TABLE 204            MEDICAL: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION,

2025–2030 (USD MILLION)            182

TABLE 205            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2021–2024 (USD MILLION)            183

TABLE 206            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY TYPE,

2025–2030 (USD MILLION)            183

TABLE 207            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2021–2024 (USD MILLION)            184

TABLE 208            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY POWER,

2025–2030 (USD MILLION)            184

TABLE 209            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2021–2024 (USD MILLION)            184

TABLE 210            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE, 2025–2030 (USD MILLION)            185

TABLE 211            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2021–2024 (USD MILLION)            185

TABLE 212            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            185

TABLE 213            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            186

TABLE 214            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            186

TABLE 215            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            186

TABLE 216            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            187

TABLE 217            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2021–2024 (USD MILLION)               187

TABLE 218            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN NORTH AMERICA,

BY COUNTRY, 2025–2030 (USD MILLION)               187

TABLE 219            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN EUROPE,

BY COUNTRY, 2021–2024 (USD MILLION)               188

TABLE 220            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN EUROPE,

BY COUNTRY, 2025–2030 (USD MILLION)               188

TABLE 221            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2021–2024 (USD MILLION)               189

TABLE 222            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN ASIA PACIFIC,

BY COUNTRY, 2025–2030 (USD MILLION)               189

TABLE 223            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2021–2024 (USD MILLION)            190

TABLE 224            DATA CENTERS: THERMOELECTRIC GENERATORS MARKET IN ROW, BY REGION, 2025–2030 (USD MILLION)            190

TABLE 225            THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            192

TABLE 226            THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            192

TABLE 227            NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            194

TABLE 228            NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            195

TABLE 229            NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2021–2024 (USD MILLION)            195

TABLE 230            NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY, 2025–2030 (USD MILLION)            195

TABLE 231            EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            199

TABLE 232            EUROPE: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            199

TABLE 233            EUROPE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            200

TABLE 234            EUROPE: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            200

TABLE 235            ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            205

TABLE 236            ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            205

TABLE 237            ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            206

TABLE 238            ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            206

TABLE 239            ROW: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2021–2024 (USD MILLION)            211

TABLE 240            ROW: THERMOELECTRIC GENERATORS MARKET, BY REGION,

2025–2030 (USD MILLION)            211

TABLE 241            ROW: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2021–2024 (USD MILLION)            212

TABLE 242            ROW: THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY,

2025–2030 (USD MILLION)            212

TABLE 243            MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            213

TABLE 244            MIDDLE EAST: THERMOELECTRIC GENERATORS MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            213

TABLE 245            STRATEGIES ADOPTED BY KEY MARKET PLAYERS, 2022–2025         217

TABLE 246            THERMOELECTRIC GENERATORS MARKET: DEGREE OF COMPETITION, 2024               219

TABLE 247            THERMOELECTRIC GENERATORS MARKET: REGION FOOTPRINT     226

TABLE 248            THERMOELECTRIC GENERATORS MARKET: TYPE FOOTPRINT            227

TABLE 249            THERMOELECTRIC GENERATORS MARKET: MATERIAL FOOTPRINT 228

TABLE 250            THERMOELECTRIC GENERATORS MARKET: INDUSTRY FOOTPRINT 229

TABLE 251            THERMOELECTRIC GENERATORS MARKET: DETAILED LIST OF KEY STARTUPS/SMES             232

TABLE 252            THERMOELECTRIC GENERATORS MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              232

TABLE 253            THERMOELECTRIC GENERATORS MARKET: PRODUCT LAUNCHES,

JANUARY 2022–MAY 2025               233

TABLE 254            THERMOELECTRIC GENERATORS MARKET: DEALS, JANUARY 2022–MAY 2025                234

TABLE 255            COHERENT CORP.: COMPANY OVERVIEW                 235

TABLE 256            COHERENT CORP.: PRODUCT/SOLUTIONS/SERVICES OFFERED      236

TABLE 257            COHERENT CORP.: PRODUCT LAUNCHES                 238

TABLE 258            COHERENT CORP.: DEALS           238

TABLE 259            GLOBAL POWER TECHNOLOGIES: COMPANY OVERVIEW          240

TABLE 260            GLOBAL POWER TECHNOLOGIES: PRODUCT/SOLUTIONS/SERVICES OFFERED      240

TABLE 261            GLOBAL POWER TECHNOLOGIES: PRODUCT LAUNCHES          241

TABLE 262            GLOBAL POWER TECHNOLOGIES: DEALS                 242

TABLE 263            KOMATSU LTD. (KELK LTD.): COMPANY OVERVIEW          243

TABLE 264            KOMATSU LTD. (KELK LTD.): PRODUCT/SOLUTIONS/SERVICES OFFERED      244

TABLE 265            FERROTEC HOLDINGS CORPORATION: COMPANY OVERVIEW   246

TABLE 266            FERROTEC HOLDINGS CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED      246

TABLE 267            FERROTEC HOLDINGS CORPORATION: DEALS                 248

TABLE 268            KYOCERA CORPORATION: COMPANY OVERVIEW          249

TABLE 269            KYOCERA CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERED      250

TABLE 270            RMT LTD.: COMPANY OVERVIEW             252

TABLE 271            RMT LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED             252

TABLE 272            RIF: COMPANY OVERVIEW           253

TABLE 273            RIF: PRODUCT/SOLUTIONS/SERVICES OFFERED             253

TABLE 274            KRYOTHERM: COMPANY OVERVIEW      254

TABLE 275            KRYOTHERM: PRODUCT/SOLUTIONS/SERVICES OFFERED      254

TABLE 276            TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY OVERVIEW   256

TABLE 277            TELEDYNE TECHNOLOGIES INCORPORATED:

PRODUCT/SOLUTIONS/SERVICES OFFERED      257

TABLE 278            TELEDYNE TECHNOLOGIES INCORPORATED: DEALS  258

TABLE 279            BENTEK SYSTEMS: COMPANY OVERVIEW                 259

TABLE 280            BENTEK SYSTEMS: PRODUCT/SOLUTIONS/SERVICES OFFERED      259

TABLE 281            O-FLEXX TECHNOLOGIES GMBH: COMPANY OVERVIEW          260

TABLE 282            O-FLEXX TECHNOLOGIES GMBH: PRODUCT/SOLUTIONS/SERVICES OFFERED      260

TABLE 283            EVERREDTRONICS LTD.: COMPANY OVERVIEW                 261

TABLE 284            EVERREDTRONICS LTD.: PRODUCT/SOLUTIONS/SERVICES OFFERED      261

TABLE 285            PERPETUA POWER BY GRACE TECHNOLOGIES: COMPANY OVERVIEW   262

TABLE 286            PERPETUA POWER BY GRACE TECHNOLOGIES:

PRODUCT/SOLUTIONS/ SERVICES OFFERED     262

TABLE 287            P&N TECHNOLOGY CO., LTD.: COMPANY OVERVIEW          263

TABLE 288            BRIMROSE CORPORATION: COMPANY OVERVIEW          264

TABLE 289            RGS DEVELOPMENT BV: COMPANY OVERVIEW                 264

TABLE 290            PL ENGINEERING LTD.: COMPANY OVERVIEW                 265

TABLE 291            MICROPELT: COMPANY OVERVIEW        265

TABLE 292            SHEETAK: COMPANY OVERVIEW              266

TABLE 293            HI-Z TECHNOLOGY: COMPANY OVERVIEW                 267

TABLE 294            ALIGN SOURCING LLC: COMPANY OVERVIEW                 268

TABLE 295            TEC MICROSYSTEMS GMBH: COMPANY OVERVIEW          268

TABLE 296            ANALOG TECHNOLOGIES INC.: COMPANY OVERVIEW          269

TABLE 297            WELLEN TECHNOLOGY CO., LTD.: COMPANY OVERVIEW          270

TABLE 298            SAME SKY: COMPANY OVERVIEW             271

LIST OF FIGURES

FIGURE 1              THERMOELECTRIC GENERATORS MARKET SEGMENTATION AND REGIONAL SCOPE              29

FIGURE 2              THERMOELECTRIC GENERATORS MARKET: RESEARCH DESIGN         33

FIGURE 3              REVENUE GENERATED BY COMPANIES FROM SALES OF

THERMOELECTRIC GENERATORS (SUPPLY SIDE)            38

FIGURE 4              RESEARCH FLOW OF MARKET SIZE ESTIMATION     39

FIGURE 5              BOTTOM-UP APPROACH              40

FIGURE 6              TOP-DOWN APPROACH                41

FIGURE 7              DATA TRIANGULATION: THERMOELECTRIC GENERATORS MARKET 42

FIGURE 8              SINGLE-STAGE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 46

FIGURE 9              BISMUTH TELLURIDE SEGMENT TO DOMINATE THERMOELECTRIC GENERATORS MARKET IN 2030          46

FIGURE 10            AUTOMOTIVE & TRANSPORTATION TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                47

FIGURE 11            ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD       48

FIGURE 12            SHIFT IN DEMAND FROM WASTE HEAT RECOVERY TO DIRECT POWER

GENERATION TO DRIVE MARKET            49

FIGURE 13            MEDIUM TEMPERATURE SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2025 49

FIGURE 14            MEDIUM POWER SEGMENT TO DOMINATE MARKET IN 2025                50

FIGURE 15            WASTE HEAT RECOVERY APPLICATION TO LEAD MARKET

DURING FORECAST PERIOD       50

FIGURE 16            INDIA TO REGISTER HIGHEST CAGR IN THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD                51

FIGURE 17            THERMOELECTRIC GENERATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 52

FIGURE 18            CARBON DIOXIDE EMISSIONS, BY REGION, 2011–2021              54

FIGURE 19            THERMOELECTRIC GENERATORS MARKET: DRIVERS AND THEIR IMPACT    55

FIGURE 20            THERMOELECTRIC GENERATORS MARKET: RESTRAINTS AND THEIR IMPACT             56

FIGURE 21            THERMOELECTRIC GENERATORS MARKET: OPPORTUNITIES AND THEIR IMPACT   57

FIGURE 22            THERMOELECTRIC GENERATORS MARKET: CHALLENGES AND THEIR IMPACT          58

FIGURE 23            THERMOELECTRIC GENERATORS MARKET: AI IMPACT ANALYSIS           59

FIGURE 24            THERMOELECTRIC GENERATORS MARKET: VALUE CHAIN ANALYSIS               60

FIGURE 25            THERMOELECTRIC GENERATORS MARKET: ECOSYSTEM ANALYSIS  62

FIGURE 26            THERMOELECTRIC GENERATORS MARKET: STAKEHOLDERS IN ECOSYSTEM               62

FIGURE 27            INVESTMENT AND FUNDING SCENARIO                 64

FIGURE 28            AVERAGE SELLING PRICE OF THERMOELECTRIC GENERATORS OFFERED

BY MAJOR PLAYERS, BY TEMPERATURE                 64

FIGURE 29            AVERAGE SELLING PRICE TREND OF THERMOELECTRIC GENERATORS,

BY TEMPERATURE, 2021−2024   65

FIGURE 30            AVERAGE SELLING PRICE TREND OF THERMOELECTRIC GENERATORS,

BY REGION, 2021−2024  66

FIGURE 31            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   67

FIGURE 32            THERMOELECTRIC GENERATORS MARKET: PORTER’S FIVE FORCES ANALYSIS           70

FIGURE 33            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE INDUSTRIES              72

FIGURE 34            KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES       73

FIGURE 35            IMPORT SCENARIO FOR HS CODE 850131-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRY, 2020–2024  76

FIGURE 36            EXPORT DATA FOR HS CODE 850131-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRY, 2020–2024  77

FIGURE 37            TOP PATENT APPLICANTS AND OWNERS, 2014–2024        78

FIGURE 38            THERMOELECTRIC GENERATORS MARKET, BY TYPE     92

FIGURE 39            SINGLE-STAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD       92

FIGURE 40            THERMOELECTRIC GENERATORS MARKET, BY MATERIAL           98

FIGURE 41            BISMUTH TELLURIDE TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD       98

FIGURE 42            THERMOELECTRIC GENERATORS MARKET, BY TEMPERATURE 105

FIGURE 43            MEDIUM TEMPERATURE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD      105

FIGURE 44            THERMOELECTRIC GENERATORS MARKET, BY POWER 112

FIGURE 45            MEDIUM POWER TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD         112

FIGURE 46            THERMOELECTRIC GENERATORS MARKET, BY APPLICATION   119

FIGURE 47            WASTE HEAT RECOVERY TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD       119

FIGURE 48            THERMOELECTRIC GENERATORS MARKET, BY INDUSTRY           128

FIGURE 49            AUTOMOTIVE & TRANSPORTATION TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD      129

FIGURE 50            NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF THERMOELECTRIC GENERATORS MARKET DURING FORECAST PERIOD         192

FIGURE 51            NORTH AMERICA: THERMOELECTRIC GENERATORS MARKET SNAPSHOT         194

FIGURE 52            EUROPE: THERMOELECTRIC GENERATORS MARKET SNAPSHOT       198

FIGURE 53            ASIA PACIFIC: THERMOELECTRIC GENERATORS MARKET SNAPSHOT         204

FIGURE 54            THERMOELECTRIC GENERATORS MARKET: REVENUE ANALYSIS, 2020–2024  218

FIGURE 55            THERMOELECTRIC GENERATORS MARKET SHARE ANALYSIS, 2024   219

FIGURE 56            COMPANY VALUATION, 2024      221

FIGURE 57            FINANCIAL METRICS (EV/EBITDA), 2024                 221

FIGURE 58            BRAND/PRODUCT COMPARISON             222

FIGURE 59            THERMOELECTRIC GENERATORS MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       224

FIGURE 60            THERMOELECTRIC GENERATORS MARKET: COMPANY FOOTPRINT 225

FIGURE 61            THERMOELECTRIC GENERATORS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 231

FIGURE 62            COHERENT CORP.: COMPANY SNAPSHOT                 236

FIGURE 63            KOMATSU LTD. (KELK LTD.): COMPANY SNAPSHOT          244

FIGURE 64            KYOCERA CORPORATION: COMPANY SNAPSHOT          250

FIGURE 65            TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT   257