Submitted by: Submitted by wamy156
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Date Submitted: 03/29/2016 09:11 AM
Global Thermoelectric Generator Market is estimated to cross US $720 million by 2021
The global market for thermoelectric generators is estimated to be US$ 320 million and is projected to grow to US$ 720 million with an impressive growth rate of14.5% from 2015 to 2021.
New York, March 29: Market Research Engine has published a new report titled as “Global Thermoelectric Generators Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021”.
Renewable energy is playing a major role in the electricity generation in current scenario, according to a report by Market Research Engine. Considering the life span and cost of non-rentable resources of energy, the demand of renewable resources is highly increasing.
Thermoelectric generators are one of the devices using renewable energy i.e. heat to produce electricity. It can also be used otherwise too. Thermoelectric generators (TEG) are solid state devices which convert temperature difference between two materials into electrical energy. Thermoelectric generators (TEG) are based on the principal of See beck effect.
Browse the full report on “Global Thermoelectric Generator Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 –2021” http://marketresearchengine.com/reportdetails/thermoelectric-generators-market-research-report
Certain applications like automotive, aerospace, semiconductor networks are more likely to use power sources which have less maintenance and are low in cost. Durability also plays a crucial role in fitting the power source for places which are hostile and out of reach. TEGs perfectly fit in these places providing high reliability and greater efficiency. These low cost compact devices are more in demand because of its solid state adding advantage at immobile locations, durability and reliability and increased greenhouse effect.
The global market for thermoelectric generators is estimated to be US$ 320 million and is...