Automotive- a High Potential Segment for Thermoelectric Generators Market

Thermoelectric generators are the solid state devices that convert heat into electricity with the help of temperature difference. These generators do not have any moving parts and are fully silent unlike the traditional heat engines. Thermoelectric generators have been used consistently for more than 30 years with no maintenance operation in space analysis such as in the voyager missions of NASA. NASA in collaboration with the Department of Energy has been developing a new power system that could be used in various space missions. The new radioisotope thermoelectric generator (RTG), which is called a Multi-Mission RTG (MMRTG), is being designed for operating in various planetary bodies such as Mars, as well as in vacuum space. Thus, with further technology advancements, thermoelectric generators are expected to see rise in demand in the long run.

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However, in large applications, thermoelectric generators have less efficiency than the traditional heat engines, which may hamper the market growth potential. Currently, they are highly preferred in small applications due to their cost effective, simple, compact as well as scalable nature. Thermoelectric phenomenon, on which these generators work, is extensively used for heating as well as cooling applications too. In recent years thermoelectric generators have also been used in various new applications of energy generation by thermoelectric harvesting. The new applications are varied which include industrial and terrestrial applications.

Thermoelectric systems can be operated with small heat sources and less temperature difference and can also be mass produced for automotive waste heat recovery or electricity and heat co-generation in homes and businesses. Among all the application areas, automotive is considered to be the high potential segment for thermoelectric generators...