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PUBLISHER: IMARC | PRODUCT CODE: 1675334
PUBLISHER: IMARC | PRODUCT CODE: 1675334
Automotive Thermoelectric Generator Market Report by Component, Material (Magnesium Silicide, Bismuth Telluride, Lead Telluride, Skutterudite), Vehicle Type, Application, and Region 2025-2033
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The global automotive thermoelectric generator market size reached USD 49.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 122.2 Million by 2033, exhibiting a growth rate (CAGR) of 9.98% during 2025-2033. The inflating need for fuel-efficient vehicles is stimulating the market.
An automotive thermoelectric generator is a device that transforms the waste heat of an internal combustion engine (ICE) into electrical energy using the Seebeck effect. It contains heat exchangers, cooling plates, compression assembly, and thermoelectric materials, such as bismuth telluride (Bi2Te3), lead telluride (PbTe), skutterudite, and magnesium silicide. An automotive thermoelectric generator is widely used to power various systems of the vehicle, such as infotainment, air conditioning, lighting, and small refrigerators. It is a relatively simple system that recycles wasted heat energy, reduces fuel consumption, minimizes operating costs, and supports vehicle electrification. An automotive thermoelectric generator is also eco-friendly and lightweight, requires low maintenance, and doesn't generate noise or vibrations.
Automotive Thermoelectric Generator Market Trends:
The increasing demand for fuel-efficient vehicles is one of the primary factors driving the market growth. An automotive thermoelectric generator is widely used in passenger and commercial vehicles to reduce fuel consumption and improve efficiency. It also replaces the generator load, provides faster warm-up of the engine and transmission, minimizes added mass, and converts selected mechanical functions of the vehicles into electrical parts, such as coolant, oil, and trans fluid pumps. Furthermore, the extensive product utilization due to the rising environmental concerns, as they reduce carbon dioxide (CO2) emissions and minimize the use of refrigerants in cooling systems, is favoring the market growth. Apart from this, the implementation of stringent emission policies by several governments is acting as another growth-inducing factor. Additionally, the recent development of thin film thermoelectric generators for automotive applications that provide enhanced efficiency, scalability, cost-effectiveness, and reduced material wastage is positively influencing the market growth. Other factors, including increasing product adoption in hybrid and electric vehicles (H/EVs), extensive research and development (R&D) activities, rapid electrification of existing vehicles, and rising expenditure capacities of consumers, are anticipated to drive the market growth.
Key Market Segmentation:
Breakup by Component:
- Thermoelectric Module
- Cooling Plates
- Heat Exchangers
- Others
Breakup by Material:
- Magnesium Silicide
- Bismuth Telluride (Bi2Te3)
- Lead Telluride (PbTe)
- Skutterudite
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Application:
- Waste Heat Recovery
- Energy Harvesting
- Direct Power Generation
- Co-generation
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Coherent Corp., European Thermodynamics Ltd., Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Laird PLC, SANGO Co. Ltd., Thermonamic Electronics (Jiangxi) Corp. Ltd. and Yamaha Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.How big is the global automotive thermoelectric generator market?
- 2.What is the expected growth rate of the global automotive thermoelectric generator market during 2025-2033?
- 3.What are the key factors driving the global automotive thermoelectric generator market?
- 4.What has been the impact of COVID-19 on the global automotive thermoelectric generator market?
- 5.What is the breakup of the global automotive thermoelectric generator market based on the material?
- 6.What is the breakup of the global automotive thermoelectric generator market based on the vehicle type?
- 7.What are the key regions in the global automotive thermoelectric generator market?
- 8.Who are the key players/companies in the global automotive thermoelectric generator market?
Product Code: SR112025A6637
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Thermoelectric Generator Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Thermoelectric Module
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cooling Plates
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heat Exchangers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Material
- 7.1 Magnesium Silicide
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bismuth Telluride (Bi2Te3)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Lead Telluride (PbTe)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Skutterudite
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Cars
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicles
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Waste Heat Recovery
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Energy Harvesting
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Direct Power Generation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Co-generation
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Coherent Corp.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 European Thermodynamics Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Laird PLC
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 SANGO Co. Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Thermonamic Electronics (Jiangxi) Corp. Ltd.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Yamaha Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.1 Coherent Corp.
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
Product Code: SR112025A6637
List of Figures
- Figure 1: Global: Automotive Thermoelectric Generator Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: Global: Automotive Thermoelectric Generator Market: Breakup by Component (in %), 2024
- Figure 5: Global: Automotive Thermoelectric Generator Market: Breakup by Material (in %), 2024
- Figure 6: Global: Automotive Thermoelectric Generator Market: Breakup by Vehicle Type (in %), 2024
- Figure 7: Global: Automotive Thermoelectric Generator Market: Breakup by Application (in %), 2024
- Figure 8: Global: Automotive Thermoelectric Generator Market: Breakup by Region (in %), 2024
- Figure 9: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Automotive Thermoelectric Generator (Cooling Plates) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Automotive Thermoelectric Generator (Cooling Plates) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Automotive Thermoelectric Generator (Other Components) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Automotive Thermoelectric Generator (Other Components) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Automotive Thermoelectric Generator (Skutterudite) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Automotive Thermoelectric Generator (Skutterudite) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Automotive Thermoelectric Generator (Passenger Cars) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Automotive Thermoelectric Generator (Passenger Cars) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Global: Automotive Thermoelectric Generator (Co-generation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Global: Automotive Thermoelectric Generator (Co-generation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: North America: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: North America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: United States: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: United States: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Canada: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Canada: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Asia-Pacific: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Asia-Pacific: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: China: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: China: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Japan: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Japan: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: India: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: India: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: South Korea: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: South Korea: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Australia: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Australia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Indonesia: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Indonesia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Europe: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Europe: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Germany: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Germany: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: France: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: France: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: United Kingdom: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: United Kingdom: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Italy: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Italy: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Spain: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Spain: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Russia: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Russia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Latin America: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Latin America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Brazil: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Brazil: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Mexico: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Mexico: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Middle East and Africa: Automotive Thermoelectric Generator Market: Sales Value (in Million USD), 2019 & 2024
- Figure 84: Middle East and Africa: Automotive Thermoelectric Generator Market: Breakup by Country (in %), 2024
- Figure 85: Middle East and Africa: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 86: Global: Automotive Thermoelectric Generator Industry: SWOT Analysis
- Figure 87: Global: Automotive Thermoelectric Generator Industry: Value Chain Analysis
- Figure 88: Global: Automotive Thermoelectric Generator Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Thermoelectric Generator Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Component (in Million USD), 2025-2033
- Table 3: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Material (in Million USD), 2025-2033
- Table 4: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Vehicle Type (in Million USD), 2025-2033
- Table 5: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 6: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Automotive Thermoelectric Generator Market: Competitive Structure
- Table 8: Global: Automotive Thermoelectric Generator Market: Key Players
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