We derive a thermoelectric inequality in thermoelectric conversion between the material figure of merit (ZT) and the module effective ZT using the Constant Seebeck-coefficient Approximation combining with the Wiedemann-Franz law. In a P-N leg-pair module, the effective ZT lies between the individual ZT values of the P- and N-legs. In a single-leg module, however, the effective ZT is less than approximately one-third of the leg’s ZT. This reduction results from the need for an external wire to complete the circuit, introducing additional thermal and electrical losses. Multi-dimensional numerical analysis shows that, although structural optimization can mitigate these losses, the system efficiency remains limited to below half of the ideal single-leg material efficiency. Our findings explain the single-leg efficiency overestimation and highlight the importance of optimizing the P-N leg-pair module structure. They also underscore the need for thermoelectric leg-compatibility, particularly with respect to Seebeck coefficients.

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