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Global Automotive Thermoelectric Generator Market (2022-2028) with Focus on Materials, Components, Vehicle Type and Region - ResearchAndMarkets.com

February 5, 2019

DUBLIN--(BUSINESS WIRE)--Feb 5, 2019--The “Global Automotive Thermoelectric Generator Market: Focus on Materials, Components, Vehicle Type, and Region - Analysis and Forecast (2022-2028)” report has been added to ResearchAndMarkets.com’s offering.

With rapid advancements and innovations in the automotive industry, thermoelectric generator is expected to have an enormous opportunity for its growth, given its advantages and growing need to increase the fuel efficiency of engines.

The automotive thermoelectric generator market is still in its nascent stage, however, it has been used in several pilot projects to test their feasibility and efficiency. Major automotive manufacturers, such as GM, BMW AG, Volkswagen Group, and Ford Motor Company, among others, have already carried out research and development in the field of an automotive thermoelectric generator to explore its potential.

One of the major factors driving the demand for automotive thermoelectric generator in the global market is improved vehicle fuel efficiency, further increasing the requirement for fuel efficiency. The automobile industry is amidst a revolution to accelerate its pace toward becoming a sustainable and green industry.

Proper utilization of waste heat in the automobile industry is another concern that has been gaining traction for a long time. As per the American Society of Mechanical Engineers (ASME), the heat energy lost due to the internal fuel combustion in the automobiles is almost 65%. Thermoelectric generators, with the help of thermoelectric materials, can convert the waste heat into electricity. Many automobile manufacturers have been actively participating in the development of the technologies that reduce heat wastage.

On the basis of material, the thermoelectric generator market has been segmented as bismuth telluride, lead telluride, magnesium silicide, skutterudites and others. In terms of value, in 2022, magnesium silicide is anticipated to dominate the market throughout the forecast period. The demand for magnesium silicide is expected to be attributed to its low cost, non-toxic nature, and better properties such as higher electrical conductivity, larger seebeck coefficients, and lower lattice thermal conductivity as compared to other materials.

On the basis of vehicle type, the automotive thermoelectric generator market includes passenger vehicles and commercial vehicles. The passenger vehicle sector is expected to be the largest market for vehicle type during the forecast period.

With the government and OEMs focusing on improving the fuel efficiency of the on-road vehicles, various international efforts have been made to reduce the rate of global warming resulting in a new Standard No 443/2009 by European Union, which prescribed the reduction emission of CO2 up to 130 g/km for new passenger cars till 2015 and up to 95 g/km by the end of 2021.

As use of thermoelectric generator in the passenger vehicles is expected to recover and reuse the waste heat to charge the onboard battery which is used to run automotive components, such as infotainment system and air-conditioning system, various car manufacturers, such as Toyota, Honda, Nissan, BMW, Ford, and GM, are now focusing on developing automotive thermoelectric generator (TEG) for passenger vehicles, thus expectedly increasing its demand in the passenger vehicles segment.

Topics Covered

Executive Summary

1 Market Overview

1.1 Introduction

1.2 Market Definition

1.2.1 Thermoelectric Energy Harvesting

1.2.2 Automotive Thermoelectric Generator

2 Advancements in Automotive Waste Heat Recovery Technology

2.1 Roadmap of Automotive Waste Heat Recovery System

2.2 Comparative Analysis of different Automotive Waste Heat Recovery System

2.2.1 Regenerative Braking System

2.2.2 Turbo-Compounding

2.2.3 Exhaust Heat Recovery System

2.2.4 Thermoelectric Generator

2.3 Patent Analysis

2.3.1 Patent Analysis: Regenerative Braking System

2.3.2 Patent Analysis: Turbo Compounding

2.3.3 Patent Analysis: Exhaust Gas Recovery System

2.3.4 Patent Analysis: Thermoelectric Generator

3 Market Dynamics

3.1 Drivers

3.1.1 Rising Greenhouse Gas Emission

3.1.2 Increasing Fuel Efficiency Requirements

3.2 Restraints

3.2.1 High Production Cost of Thermoelectric Material

3.2.2 Inability to Produce High Power Electricity Output

3.2.3 Increasing Demand for Electric Vehicles

3.3 Opportunity

3.3.1 Rapid Commercialization in the Automotive Industry

4 Global Automotive Thermoelectric Generator Market (by Material Type), 2022-2028

4.1 Assumptions

4.2 Limitations

4.3 Market Overview

4.3.1 Bismuth Telluride (Bi2Te3)

4.3.2 Lead Telluride (PbTe)

4.3.3 Skutterudite

4.3.4 Magnesium Silicide

5 Global Automotive Thermoelectric Generator Market (by Components)

5.1 Thermoelectric Module

5.2 Cooling Plates

5.3 Heat Exchangers

5.4 Others

6 Global Automotive Thermoelectric Generator Market (by Vehicle Type), 2022-2028

6.1 Passenger Vehicles

6.2 Commercial Vehicles

7 Automotive Thermoelectric Generator Market (by Region), $Thousand and Units, 2022-2028

7.1 Asia-Pacific

7.2 North America

7.3 Europe

7.4 Rest-of-the-World

8 Company Profiles

8.1 Overview

8.2 II-VI Marlow

8.3 Alphabet Energy Inc.

8.4 European Thermodynamics

8.5 Faurecia

8.6 Gentherm Incorporated

8.7 KELK Ltd.

8.8 Laird PLC

8.9 SANGO Co. Ltd.

8.10 Tenneco Inc.

8.11 Thermonamic Electronics (Jiangxi) Corp. Ltd.

8.12 Valeo

8.13 Yamaha Corporation

9 Views of Primary Respondents

10 Research Scope & Methodology

10.1 Report Scope

10.2 Global Automotive Thermoelectric Generator Research Methodology

For more information about this report visit https://www.researchandmarkets.com/research/bkxsc5/global_automotive?w=4

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Related Topics:Automotive Parts,Engines and Engine Parts,Generators

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/05/2019 06:56 AM/DISC: 02/05/2019 06:56 AM

http://www.businesswire.com/news/home/20190205005509/en

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