Thermophotovoltaics Market - Top Companies and Manufacturers

Companies Dominating the Thermophotovoltaics Landscape

Curtiss-Wright Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Antora Energy
MIT Energy Initiative
COMSOL
General Electric
Coherent Corporation
Tesla
Vattenfall AB
Exide Technologies
American Elements

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Thermophotovoltaics Market Research | Global Statistics Report 2037

In the News

The world's first thermophotovoltaic (TPV) cell manufacturing line has been created by Antora Energy, a pioneer in low-carbon heat and electricity for the industrial sector. This marks a significant advancement in the production and scalability of TPV technology. Additionally, the business has established a new standard for the sector by demonstrating a TPV efficiency rate of more than 40%. With these significant accomplishments, Antora is ready to revolutionize energy storage and conversion, two processes essential for industrial decarbonization and achieving net zero.
A heat engine without moving parts that functions similarly to the photovoltaic cells in a solar panel has been created by engineers from MIT and the National Renewable Energy Laboratory. A grid-scale thermal battery might include the engine.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of thermophotovoltaics is assessed at USD 12.88 billion.

The thermophotovoltaics market size was over USD 11.5 billion in 2024 and is projected to reach USD 28.74 billion by 2037, growing at around 7.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing demand for hybrid vehicles, a rise in space activities, and a surge in the number of people with no electricity.

Asia Pacific industry is predicted to dominate majority revenue share of 48% by 2037, backed by increasing the demand for energy in the region.

The major players in the market are Curtiss-Wright Corporation, Antora Energy, MIT Energy Initiative, COMSOL, General Electric, Coherent Corporation, Tesla, Vattenfall AB, Exide Technologies, American Elements

Thermophotovoltaics Market - Top Companies and Manufacturers

Companies Dominating the Thermophotovoltaics Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the thermophotovoltaics market?

Why is the thermophotovoltaics sector gaining traction in near future?

Which region accounted for the largest thermophotovoltaics industry share?

Who are the major thermophotovoltaics players?