Heat Harvesters: Understanding the Thermoelectric Generators Market

The thermoelectric generators market was estimated at USD 755 million in 2022 and is likely to grow at a CAGR of 9.89% during 2023-2028 to reach USD 1333.87 million in 2028.

The thermoelectric generator can be defined as a solid-state device that converts heat flux directly into electrical energy through the Seebeck effect. Thermoelectric generators have no moving parts and are less bulky. The materials used in thermoelectric generators include bismuth telluride, lead telluride, and others.