CRIFAX added a new market research report on ‘Global Thermophotovoltaic Cells Market , 2020-2028’ to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.
Driven by these concerns, many government bodies introduced strict policies and regulations in order to reduce carbon emissions and their adverse impact on the environment. These are some of the notable factors that are contributing to the growth of the global Thermophotovoltaic Cells Market .
Moreover, the growing awareness related to climate change and environment degradation is encouraging many manufacturers to implement sustainable energy strategies and invest highly in environment friendly power generation technologies, which is further estimated to promote sustainable development among various nations across the globe. With renewables comprising of almost 45% of the electricity production growth around the world, IEA estimated an accelerated growth of 7% (almost 450TWh) in energy generation from renewables in 2018 as compared to an annual average growth of 6% since 2010.