Global Thermal Energy Harvesting Market, By Component (Transducer, Power Management Integrated Circuit (PMIC), Secondary Battery), Sensor Type (Wireless Sensor Network (WSN), Others), Application (Building and Home Automation, Consumer Electronics, Industrial, Transportation, Security), End Use (Wireless Switching System, Wireless HVAC System, Wireless Sensing and Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System) – Industry Trends and Forecast to 2029.
Thermal Energy Harvesting Market Analysis and Size
With many countries working to use renewable resources, the segment's need for improvement has grown. In the global market, there is a need to manage solutions for controlling and forecasting energy consumption. Factors such as the widespread use of IoT devices in automation, the growing urban population, rising demand for safe, power-efficient, and long-lasting systems, the growing trend toward green energy, the penetration of energy harvesting technology in building and home automation, and favourable government initiatives are expected to drive market growth during the forecast period.
Data Bridge Market Research analyses that the thermal energy harvesting market was valued at USD 478.32 million in 2021 and is expected to reach the value of USD 1,040.33 million by 2029, at a CAGR of 10.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Thermal Energy Harvesting Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Component (Transducer, Power Management Integrated Circuit (PMIC), Secondary Battery), Sensor Type (Wireless Sensor Network (WSN), Others), Application (Building and Home Automation, Consumer Electronics, Industrial, Transportation, Security), End Use (Wireless Switching System, Wireless HVAC System, Wireless Sensing and Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System),
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
ABB (Switzerland), Analog Devices, Inc. (U.S.), Texas Instruments Incorporated (U.S.), Cymbet Corporation (U.S.), EnOcean GmbH (Germany), STMicroelectronics N.V. (Switzerland), e-peas SA (Belgium), Advanced Linear Devices, Inc. (U.S.), Piezo (U.S.), Cypress Semiconductor Corporation (U.S.), Powercast Corporation (U.S.), Laird Thermal Systems, Inc. (U.S.), DCO Systems Ltd (U.K.), Honeywell International Inc. (U.S.), and Drayson Technologies Ltd. (U.K.).
Thermal energy harvesting is the process of capturing and utilising heat that is either freely available in the environment or waste energy given off by engines, machines, and other sources. Thermal energy harvested can be used to heat water for domestic use or industrial processes. It can also be converted into mechanical or electrical energy. The conversion of heat, or more precisely a temperature difference, into electrical energy using thermoelectric generators is the type of thermal energy harvesting in which ETDYN is involved (TEGs). These rely on the properties of a type of semiconductor known as thermoelectric materials, which generate an electric potential when thermal energy flows through them from one side to the other.
Global Thermal Energy Harvesting Market Dynamics
- High adoption of remote sensor devices among various industry verticals
Thermal energy harvesting systems are used in building and home automation, industrial, and security applications all over the world. This trend, along with the increasing demand for efficient and safe power systems, is one of the key factors driving the growth of the thermal energy harvesting market. As these systems are primarily used in consumer electronics, wireless sensors, and wearable electronic devices, the growth of these industries is driving up demand for such systems. Aside from that, piezoelectric energy harvesting systems have emerged as a dependable source of power for remote sensor systems.
- High prevalence of IoT and green energy solutions
The integration of internet of things (IoT) solutions is accelerating demand for energy harvesting systems across a wide range of end-use industries. The ease of access to renewable energy sources such as tidal and wind is also increasing the use of energy harvesting systems in various industry sectors. Furthermore, governments in several countries are encouraging the use of green energy sources, which is expected to have a positive impact on the market in the coming years.
- Rise in adoption for medical tracking
Rising sensor usage in wearable electronics, adoption of ocean energy harvesting, and rising demand for human energy harvesting for implantable biomedical devices will all create ample opportunities for the thermal energy harvesting market to grow during the forecast period.
- High capital requirements
The increasing requirement for high capital investment, as well as rising issues related to remotely install networking modules, will likely impede the growth of the thermal energy harvesting market during the forecasted period.
- Standardisation of communication protocols
The growing number of environmental damages, combined with the standardisation of communication protocols, will be the market's most significant and immediate challenge.
This thermal energy harvesting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the thermal energy harvesting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Thermal Energy Harvesting Market
The Chinese solar industry and economy are reeling as a result of the Coronavirus pandemic outbreak. Exports have yet to be fully assessed. A similar trend is imposed on other major contributing regions, such as the United States, limiting the expansion of thermal energy harvesting systems.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
- In May 2021 EnOcean introduced the PTM 535BZ transmitter module for battery-free switch appliances. It is the first module to support a variety of wireless standards in the 2.4 GHz radio band.
- In June 2020 the robots were launched by the company AB and were used as part of a coronavirus testing system in Singapore, assisting in the processing of up to 4000 samples per day. In comparison to other regions, the North American market has a high adoption of industrial IoT, which is driving demand for this technology.
- In July 2019, Samsung applied for clothing technology with an integrated energy harvesting device that derives power from body heat, solar heat, and solar light.
- In March 2021, ZF Friedrichshafen AG partnered with Schneider Electric to introduce new innovative smart industrial switches. Harvesting energy from unlicensed band Spectrums is possible with the self-powering chipset created with silicon by the energy harvesting startup Wiliot. This chipset will be useful in IT workspaces that serve as a hub for Bluetooth and radio waves.
Global Thermal Energy Harvesting Market Scope
The thermal energy harvesting market is segmented on the basis of component, sensor type, application, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Power Management Integrated Circuit (PMIC)
- Secondary Battery
- Wireless Sensor Network (WSN)
- Wireless Switching System
- Wireless HVAC System
- Wireless Sensing and Telematics System
- Tire Pressure Monitoring System
- Asset Tracking System
- Remote Health Monitoring System
- Regenerative Energy Harvesting System
- Building and Home Automation
- Consumer Electronics
Thermal Energy Harvesting Market Regional Analysis/Insights
The thermal energy harvesting market is analysed and market size insights and trends are provided by country, component, sensor type, application, and end use as referenced above.
The countries covered in the thermal energy harvesting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.
Europe will dominate the thermal energy harvesting market because of the prevalence of various environmental regulatory bodies, as well as favourable government policies,
Asia-Pacific is expected to be the fastest-growing regional market over the forecast period due to the region's high purchasing power and growing tech-savvy population. Due to the low operational and labour costs in Asia Pacific, many industry players are considering relocating their manufacturing facilities there. Such factors will contribute to the growth of IoT systems, thereby fuelling market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Thermal Energy Harvesting Market Share Analysis
The thermal energy harvesting 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, Global presence, production sites and facilities, production capacities, 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 thermal energy harvesting market.
Some of the major players operating in the thermal energy harvesting market are:
- ABB (Switzerland)
- Analog Devices, Inc. (U.S.)
- Texas Instruments Incorporated (U.S.)
- Cymbet Corporation (U.S.)
- EnOcean GmbH (Germany)
- STMicroelectronics N.V. (Switzerland)
- e-peas SA (Belgium)
- Advanced Linear Devices, Inc. (U.S.)
- Piezo.com (U.S.)
- Cypress Semiconductor Corporation (U.S.)
- Powercast Corporation (U.S.)
- Laird Thermal Systems, Inc. (U.S.)
- DCO Systems Ltd (U.K.)
- Honeywell International Inc. (U.S.)
- Drayson Technologies Ltd. (U.K.).