BOSTON, August 30, 2017 /PRNewswire/ --
Thermoelectric generators are devices which convert temperature differences into electrical energy. The principle phenomenon that underpins thermoelectric energy generation is known as the Seebeck effect: the conversion of a temperature differential into electricity at the junction of two materials.
(Photo: http://mma.prnewswire.com/media/550416/IDTechEx_Thermoelectric_Energy.jpg )
After several years of excitement, investment and growing interest in thermoelectrics and their potential in energy harvesting applications, it's now time to clearly look at what's hype and what's reality, and the technology developers in the field know that well. In the last few years, companies have filed for bankruptcy, or moved away from the energy harvesting and power generation space to other markets. Others have seen identified applications turn out to be more difficult to commercialize than initially hoped and realizing the hard times ahead, are trying to identify low hanging fruit and applications that can see them through the hardship. Those best prepared for these conditions will survive and be able to enjoy a market that could reach almost 1.5 billion by 2027, according to IDTechEx Research's latest report on the topic, Thermoelectric Energy Harvesting 2018-2028.
Although thermoelectric phenomena have been used for heating and cooling applications quite extensively, electricity generation has only seen very limited market in niche applications and it is only in recent years that interest has increased regarding new applications of energy generation through thermoelectric harvesting.
The new applications examined in the report are varied and the vertical markets benefiting from new devices range from condition monitoring in industrial environments, smart metering in energy market segments, to thermoelectric applications in vehicles, either terrestrial or other.
This report gives an overview of devices, materials and manufacturing processes, with a specific focus on emerging technologies that allow for new functionality, form factor and application in various demanding environments. Whether it is operation in high temperatures or corrosive environments, applications with increased safety demands or components that need to be thin, flexible, or even stretchable, there is a lot of research and development work worldwide which is highlighted.
For an impartial view on the outlook for the next decade, forecasts, company profiles, and areas of research going forward see www.IDTechEx.com/thermo.
Marketing & Research Co-ordinator