Global Energy Harvesting System Market, By Component and Sensor Type (Wireless Sensor Network), Technology (Light, Vibration, Radio Frequency (RF), Thermal, Electromagnetic and Kinetic), Component (Transducer, Power Management Integrated Circuit and Secondary Battery), Application (Building and Home Automation, Industrial, Transportation, Security, Retail, Bicycle Dynamo, Military and Aerospace and Consumer Electronics), Energy Source (Electric, Gravitational, Magnetic, Nuclear, Thermal, Chemical, Mechanical and Radiation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rise in the demand for power efficient and durable systems has led to the rise in demand for energy harvesting systems. Data Bridge Market Research analyses that the energy harvesting system market will exhibit a CAGR of 10.04% for the forecast period of 2021-2028. This means that the current market value will rise up to USD 1,042.5 million by the year 2028.
Energy harvesting system is the technology that converts the energy from the environment in to usable electric power. This system extracts small amounts of energy from the environment that otherwise have been lost in the form of heat, light, sound or vibration. This process is also known as energy scavenging and is widely used in consumer devices, medical industry, and transportation, military and so on. It is an environmental friendly way of converting energy into electrical power.
Increasing awareness on how to conserve the energy coupled with the initiatives undertaken by the government to conserve power has resulted in the rise in demand for energy harvesting systems. Rise in the demand for clean, safe, power efficient and durable energy harvesting systems will also create more scope of growth for the market. Extensive adoption and implementation of IoT in automation and energy harvesting will too provide lucrative growth opportunities.
High initial investment would hammer down the rate of growth for the energy harvesting system market. Also, lack of awareness for this technology would slowdown the market growth rate. Absence of standards and protocols coupled with the limitations of remotely installed networking modules will also pose a big time challenge for the market.
This energy harvesting system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on energy harvesting system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Energy Harvesting System Market Scope and Market Size
The energy harvesting system market is segmented on the basis of component and sensor type, technology, component, application and energy source. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of compressor and sensor type, the energy harvesting system market is segmented into wireless sensor network.
- On the basis of technology, the energy harvesting system market is segmented into light, vibration, radio frequency (RF), thermal, electromagnetic and kinetic.
- On the basis of component, the energy harvesting system market is segmented into transducer, power management integrated circuit and secondary battery. Transducer is further sub-segmented into photovoltaic, electrodynamics, piezoelectric, electromagnetic, thermoelectric and radio frequency (RF) transducer.
- On the basis of application, the energy harvesting system market is segmented into building and home automation, industrial, transportation, security, retail, bicycle dynamo, military and aerospace and consumer electronics. Consumer electronics are further bifurcated into mobile phones, wrist watches, calculators and piezoelectric gas lighters.
- On the basis of energy source, the energy harvesting system market is segmented into electric, gravitational, magnetic, nuclear, thermal, chemical, mechanical and radiation.
Energy Harvesting System Market Country Level Analysis
The energy harvesting system market is analysed and market size, volume information is provided by country, component and sensor type, technology, component, application and energy source as referenced above.
The countries covered in the energy harvesting system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the market owing to the increased adoption and application of energy harvesting systems in buildings and home appliances. Growth in the industrial and automotive sector too has fuelled up the growth of the market across countries in this region. The U.S. is the largest contributor here. Asia-Pacific on the other hand is projected to score the highest growth rate during the forecast period owing to the increasing need, demand, awareness and adoption of energy harvesting systems. Increase in the level of consumer electronics in this region has also bolstered the market growth.
The country section of the energy harvesting system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Energy Harvesting System Market Share Analysis
The energy harvesting system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the energy harvesting system market.
The major players covered in the energy harvesting system market report are ABB, EnOcean GmbH., Power Costs, Inc., STMicroelectronics, Cymbet, Honeywell International Inc., Microchip Technology Inc., General Electric, Cypress Semiconductor Corporation., Parker Hannifin Corp, CONVERGENCE ENERGY LLC, Texas Instruments Incorporated., Mide Technology Corp., FUJITSU, ARVENI, Voltree Power Inc., Bionic Power Inc., Schneider Electric, Qorvo, Inc, Mouser Electronics, Inc, IDTechEx Ltd, and Silicon Laboratories among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Energy Harvesting System Market
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