THERMOELECTRIC MODULES MARKET ANALYSIS

Leading Companies

Key Developments.

In May 2022, Phononic a heat and cooling system providers partnered with Google Cloud’s two new manufacturing data solutions: Manufacturing Data Engine and Manufacturing Connect.  The partnership is aimed at achieving the analytics and insights needed to fully optimize Phononic’s operations.

In July 2021, Laird Thermal Systems designers and manufactures of thermal management products and custom solutions launched enhanced OptoTEC OTX/HTX Series of miniature thermoelectric coolers designed for high-temperature environments found in telecom, industrial, autonomous and photonics applications.

In July 2021, Phononic secured growth investment led by $50 million from the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs). Phononic aims to expand its sales and marketing, domestic and international high-volume manufacturing capabilities, and expand its cooling and refrigeration product portfolio and platform through this investment.

In August 2020, Laird Thermal Systems launched its Hi-Temp ETX Series thermoelectric coolers to deliver active cooling in high-temperature environments for autonomous systems, machine vision, digital light processors, and optical transceivers.

Global Thermoelectric Modules Market: Key Companies Insights

The global Thermoelectric Modules market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R&D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Key companies operating in the global thermoelectric modules market are Ferrotec Corporation, Crystal Ltd., RMT Ltd., TE Technology, Inc., Laird Technologies, Inc., Gentherm Inc., Tellurex Corporation, Thermion Company, Marlow Industries, and KELK Ltd.