Earlier quoted context omitted.
They are very inefficient
I think there are some applications though. I remember PWMing a peltier element to cool something to more or less exactly 35°C. I didn't need to be efficient cooling, it just needed to be reliable under space constraints. I am no hardware guy and I remember there was a giant heatsink despite the constraints. It was some kind of photosensor + lamp if I remember correctly. I think there was also some software logic to…
The question is: Are there large-scale applications?