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
Browse key industry insights with market data tables & charts from the report:
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
