United States Semiconductor Thermoelectric Power Generation Device Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The U.S. semiconductor thermoelectric power generation device market is experiencing remarkable growth, driven by the increasing demand for energy-efficient solutions across various industries. These devices convert waste heat into usable electricity, offering sustainable energy alternatives in sectors such as automotive, telecommunications, and renewable energy. citeturn0search4
In recent years, the U.S. government has actively supported semiconductor manufacturing and research, allocating substantial funds to enhance domestic production capabilities. For instance, the Department of Commerce finalized a $123 million grant for Polar Semiconductor to expand its Minnesota plant, effectively doubling its U.S. production capacity of power and sensor chips. citeturn0news19 This investment underscores the strategic importance of semiconductor technologies, including thermoelectric devices, in achieving energy efficiency and sustainability goals.
Industry leaders are also making significant strides in advancing thermoelectric technologies. ON Semiconductor, known for its power chips and sensors used in electric vehicles, is diversifying its supply chain to bolster resilience against rising competition from Chinese chip makers. The company plans to invest $2 billion in a new plant in the Czech Republic and expand operations in South Korea, aiming to enhance supply chain robustness and maintain a competitive edge in thermoelectric device production. citeturn0news20
Moreover, the U.S. has reached preliminary agreements with companies like Bosch, offering up to $225 million in subsidies to build silicon carbide (SiC) power semiconductors in California. This initiative supports Bosch's $1.9 billion investment to transform its Roseville manufacturing facility for SiC production, which is critical for electric vehicles and other energy-efficient applications. citeturn0news21 Such developments highlight the U.S. commitment to fostering innovation in semiconductor technologies, including thermoelectric power generation devices.
In summary, the U.S. semiconductor thermoelectric power generation device market is poised for significant expansion, fueled by government support and strategic industry investments. These efforts are pivotal in advancing energy-efficient technologies, aligning with global sustainability objectives, and reinforcing the U.S. position as a leader in semiconductor innovation. As the market evolves, stakeholders can anticipate continued advancements and opportunities in the thermoelectric sector, contributing to a more energy-efficient future.
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Gentherm
II-VI Incorporated
Ferrotec Holdings Corporation
Yamaha Corp
Laird
Fuxin
Komatsu
KELK
Evident Thermoelectrics
Alphabet Energy
EVERREDtronics
GreenTEG
Micropelt
Perpetua Power Source Technologies
Inc.
RedHawk Energy Systems
TECTEG MFR
Tellurex
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Semiconductor Thermoelectric Power Generation Device Market
Single-stage Thermoelectric Generators
Multi-stage Thermoelectric Generators
Thermoelectric Modules
Thermoelectric Devices for Waste Heat Recovery
Bismuth Telluride
Lead Telluride
Silicon-Germanium Alloys
Skutterudites
Half-Heusler Alloys
Automotive
Aerospace
Industrial Processes
Consumer Electronics
Renewable Energy Systems
Energy and Power
Telecommunications
Transportation
Healthcare
Information Technology
Direct Sales
Online Sales
Distributors
Retail Sales
OEM Partnerships
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Semiconductor Thermoelectric Power Generation Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Semiconductor Thermoelectric Power Generation Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Semiconductor Thermoelectric Power Generation Device Market, By Type
6. US Semiconductor Thermoelectric Power Generation Device Market, By Application
7. US Semiconductor Thermoelectric Power Generation Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Semiconductor Thermoelectric Power Generation Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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