Thermoelectric materials show the thermoelectric effect in a strong or convenient form.

The thermoelectric effect refers to phenomena by which either a temperature difference creates an electric potential or an electric potential creates a temperature difference. These phenomena are known more specifically as the Seebeck effect (converting temperature to current), Peltier effect (converting current to temperature), and Thomson effect (conductor heating/cooling). While all materials have a nonzero thermoelectric effect, in most materials it is too small to be useful. However, low-cost materials that have a sufficiently strong thermoelectric effect (and other required properties) could be used in applications including power generation and refrigeration. A commonly used thermoelectric material in such applications is bismuth telluride.

Thermoelectric materials are used in thermoelectric systems for cooling or heating in niche applications, and are being studied as a way to regenerate electricity from waste heat.
Global Thermoelectric Material key players include Ferrotec, Laird, KELK, etc. Global top three manufacturers hold a share over 55%.
China is the largest market, with a share over 40%, followed by Japan and North America, both have a share over 35 percent.
In terms of product, Bi-Te is the largest segment, with a share over 85%. And in terms of application, the largest application is Automotive, followed by Electronics, Biomedical, etc.

Market Analysis and Insights: Global Thermoelectric Material Market
In 2020, the global Thermoelectric Material market size was US$ 39 million and it is expected to reach US$ 56 million by the end of 2027, with a CAGR of 5.2% during 2021-2027.
Global Thermoelectric Material Scope and Market Size
Thermoelectric Material market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Thermoelectric Material market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Thermoelectric Material market is segmented into
Bi-Te
Pb-Te
Other Materials

Segment by Application, the Thermoelectric Material market is segmented into
Automotive
Electronics
Biomedical
Other Industry

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Thermoelectric Material Market Share Analysis
Thermoelectric Material market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Thermoelectric Material product introduction, recent developments, Thermoelectric Material sales by region, type, application and by sales channel.

The major companies include:
Ferrotec
Laird
KELK
Thermonamic Electronics
Marlow
RMT
EVERREDtronics
Crystal
Hi-Z
Tellurex