The global demand for Thermophotovoltaics Market is presumed to reach the market size of nearly USD 19.05 MN by 2030 from USD 10.6 MN in 2022 with a CAGR of 7.6% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX MW in 2022 and forecast to touch XX MW by 2030 with a CAGR of XX% during 2023-2030.
Thermophotovoltaics (TPV) is a technology that involves the conversion of heat (thermal energy) into electricity using photovoltaic cells. Unlike traditional photovoltaic cells that directly convert sunlight into electricity, TPV systems operate in the infrared spectrum, capturing and converting the heat emitted by a heat source into electrical power.
The Thermophotovoltaics (TPV) market is propelled by its potential to efficiently convert heat into electricity, particularly in applications with high-temperature heat sources. Operating at elevated temperatures, TPV systems find suitability in waste heat recovery, converting industrial or process heat into usable electrical power. The compact nature of TPV systems makes them ideal for applications with limited space or those requiring portability, such as remote power generation. Notably, TPV technology holds promise for specialized energy systems, including spacecraft or situations where traditional power sources are impractical. The technology's compatibility with combined heat and power (CHP) systems and its capacity to harvest energy from combustion processes contribute to its market growth. Ongoing research and development efforts aim to improve TPV efficiency through material optimization and innovative designs. With a focus on sustainability and government support for clean energy initiatives, TPV emerges as a promising solution for off-grid applications and industries seeking efficient and environmentally friendly energy conversion. Challenges, such as optimizing efficiency across various conditions, are being addressed as the TPV market evolves.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of thermophotovoltaics. The growth and trends of Thermophotovoltaics Industry provide a holistic approach to this study.
This section of the thermophotovoltaics market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Fabrication Method
By Application
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Thermophotovoltaics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the thermophotovoltaics market include Antora Energy, JX Crystals, II-VI Marlow, Thermo PV, COMSOL, Exide Technologies, Tesla Energy, General Electric, Curtiss-Wright Nuclear, Vattenfall. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . THERMOPHOTOVOLTAICS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Fabrication Method
3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL THERMOPHOTOVOLTAICS MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 Silicon Photovoltaic Cells Historic and Forecast Sales by Regions
5.5 Crystalline Silicon Photovoltaic Cells Historic and Forecast Sales by Regions
5.6 Thin film Photovoltaic Cells Historic and Forecast Sales by Regions
5.7 Others Historic and Forecast Sales by Regions
6 . GLOBAL THERMOPHOTOVOLTAICS MARKET ANALYSIS BY FABRICATION METHOD
6.1 Overview by Fabrication Method
6.2 Historical and Forecast Data
6.3 Analysis by Fabrication Method
6.4 Non-epitaxial (Diffusion Metho ...