\ Thermoelectric Generator Market - Opportunity Analysis and Top Trends by Technavio
Company News: Page (1) of 1 - 08/11/17

Thermoelectric Generator Market - Opportunity Analysis and Top Trends by Technavio

August 11, 2017 --

LONDON--(BUSINESS WIRE)--#Research--Technavios latest market research report on the global thermoelectric generator market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.



The global thermoelectric generator market is expected to grow at a CAGR of close to 13% during the forecast period. This double-digit growth is expected mainly due to the increasing environmental pollution and the need for electric efficiency.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.


The top three emerging market trends driving the global thermoelectric generator market according to Technavio research analysts are:

  • CO2 emission reduction
  • Automation of industries
  • Automation in automobiles

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

CO2 emission reduction

Governments across different countries are deploying policies such as energy performance labels, general awareness programs, energy performance standards to ensure environmental safety. The efficient use of energy is crucial to achieving sustainable society by minimizing carbon emissions and reducing electricity consumption in transportation, household appliances, electric power, and industrial equipment. This can be achieved with the use of TEG generators.

According to Sunil Kumar Singh, a lead analyst at Technavio for semiconductor equipment research, ?Thermoelectric generators can play a vital role in CO2 emission reduction as the smoke emitted by industrial processes, automobiles, and electricity production plants is reconverted into electrical energy. Therefore, the smoke does not pollute the air, ultimately resulting in a cleaner environment.

Automation of industries

Automation of industries is gaining momentum as computers and machines are being adopted for effective and efficient control systems. Industries are forced to adopt automation to maintain their competitiveness in the market. Automation enables industries to increase productivity, lower the cost of operations, and ensure the quality of the product.

Automation will lead to an increase in demand for electricity which can be fulfilled by TEGs, as they can ensure a constant source of power. This will also result in reduced environmental pollution. Governments are also expected to encourage waste heat recovery systems in industries to reduce the pollution from industries.

Automation in automobiles

Automobiles are undergoing a massive digital makeover. Semiconductor content plays a key role in the automation of automobiles, especially in networked communication and driving automation. Next-generation automobiles are expected to include speech recognition and video and image compatibilities to provide optimal driving experience. Connected cars in the future will have communication systems ranging from internal systems like advanced driver assistance electronics, transmission, and front panel to roadside infrastructure, other cars, and emergency services. Leading manufacturers such as Toyota, Audi, and Mercedes have invested considerable resources in the R&D of automobile automation. In automation, semiconductor content is required to constantly provide accurate information for the inbuilt AI to drive optimally.

?The ongoing technological advances, along with vehicle connectivity, self-driving cars, and interactive safety systems, will require additional power or electricity requirements to operate. TEGs can play a vital role in providing an additional source of power, which will increase the fuel efficiency of automobiles, says Sunil.

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Page: 1
Related Keywords:

Source:Copyright (c) Business Wire.. All Rights Reserved

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved

Webmaster
Privacy.