Thermophotovoltaic energy conversion

Thermophotovoltaics Market Size & Share to Hit US$ 17.4 million by 2031, Garnering 6.7% CAGR: TMR Report

Retrieved on:

木曜日, 10月 26, 2023

Asia-Pacific Partnership on Clean Development and Climate, United Kingdom, Government, Wind, Research, Thermophotovoltaic energy conversion, Growth, TPV, Silicon, Renewable energy

WILMINGTON, Del., Oct. 26, 2023 /PRNewswire/ -- The thermophotovoltaics market was estimated to have acquired US$ 9.7 million in 2022. It is anticipated to register a 12.5% CAGR from 2023 to 2031, and by 2031, the market is likely to gain US$ 17.4 million.

Key Points:

In the thermophotovoltaics market, non-epitaxial fabrication methods dominate, offering cost-effective and efficient alternatives to epitaxial techniques.
In the thermophotovoltaics market, space applications, specifically satellites and space missions, dominate, harnessing TPV for efficient and sustainable power generation.
Thermophotovoltaics are integrated into industrial processes to capture and convert waste heat, improving energy efficiency and reducing operational costs.
As global demand for efficient and sustainable energy solutions grows, the TPV market is poised to expand, encouraging healthy competition and innovation.

Thermophotovoltaics Market Size & Share to Hit US$ 17.4 million by 2031, Garnering 6.7% CAGR: TMR Report

Retrieved on:

木曜日, 10月 26, 2023

Asia-Pacific Partnership on Clean Development and Climate, United Kingdom, Government, Wind, Research, Thermophotovoltaic energy conversion, Growth, TPV, Silicon, Renewable energy

WILMINGTON, Del., Oct. 26, 2023 /PRNewswire/ -- The thermophotovoltaics market was estimated to have acquired US$ 9.7 million in 2022. It is anticipated to register a 12.5% CAGR from 2023 to 2031, and by 2031, the market is likely to gain US$ 17.4 million.

Key Points:

In the thermophotovoltaics market, non-epitaxial fabrication methods dominate, offering cost-effective and efficient alternatives to epitaxial techniques.
In the thermophotovoltaics market, space applications, specifically satellites and space missions, dominate, harnessing TPV for efficient and sustainable power generation.
Thermophotovoltaics are integrated into industrial processes to capture and convert waste heat, improving energy efficiency and reducing operational costs.
As global demand for efficient and sustainable energy solutions grows, the TPV market is poised to expand, encouraging healthy competition and innovation.