Thermoelectric Module Market Trends, Dynamics & Market Insights
The Thermoelectric Module Market is estimated to grow from USD 575.6 million in 2020 to USD 910.0 million by 2026 at a healthy CAGR of 8.1% during the forecast period.
Market Drivers:
Rising capability to increase vehicle fuel efficiency using thermoelectric modules as well as rise in awareness concerning green energy. Thermoelectric modules offer several benefits such as precise temperature control and cycling, compact geometric size, and lower power consumption are also augmenting the market growth.