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Automotive Thermoelectric Generator Market Share

  • Report ID: GMI12816
  • Published Date: Dec 2024
  • Report Format: PDF

Automotive Thermoelectric Generator Market Share

Faurecia and Valeo collectively held a substantial market share of over 31% in the automotive thermoelectric generator industry in 2024, due to their leadership in automotive innovation and strong partnerships with global automakers. Faurecia’s focus on energy efficiency and emissions reduction technologies, particularly its advanced exhaust systems and waste heat recovery solutions, positioned it as a key player in integrating ATEGs into vehicles. Similarly,
 

Valeo's expertise in thermal management and powertrain electrification enabled it to provide cutting-edge thermoelectric solutions tailored to hybrid and electric vehicles, which are rapidly growing in demand. Both companies leverage extensive research and development (R&D) capabilities and have a global manufacturing presence, ensuring scalability and cost efficiency.
 

Automotive Thermoelectric Generator Market Companies

Major players operating in the automotive thermoelectric generator industry are:

  • Alphabet Energy
  • European Thermodynamics
  • Faurecia
  • Gentherm Incorporated
  • II-VI Marlow
  • KELK Ltd.
  • Laird Thermal Systems
  • Valeo
Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive thermoelectric generator reached USD 289.6 million in 2024 and is set to grow at a 10.8% CAGR from 2025 to 2034, driven by rising fuel costs and stringent emission regulations.

The OEM segment accounted for 73% of the market share in 2024, as OEMs integrate ATEGs directly into vehicles during production, ensuring seamless functionality and compatibility with vehicle systems.

The U.S. market held 86% of the revenue share in 2024 and is expected to exceed USD 152.6 million by 2034, driven by stringent fuel efficiency and emission standards like CAFE regulations.

Key players in the market include Alphabet Energy, European Thermodynamics, Faurecia, Gentherm Incorporated, II-VI Marlow, KELK Ltd., Laird Thermal Systems, and Valeo.

Automotive Thermoelectric Generator Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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