Global Vibration Energy Harvesting Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Vibration energy harvesting is gaining large attention with the increasing need for power-efficient and durable systems that require minimum or no maintenance. This technology is being widely deployed in building and home automation.

Global Vibration Energy Harvesting Market was valued at USD 498.97 million in 2021 and is expected to reach USD 1077.40 million by 2029, registering a CAGR of 10.10% during the forecast period of 2022-2029. Industrial accounts for the largest application segment in the respective market owing to the evolution of IIoT and rise in end use industries. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Vibration energy harvesting refers to the technique that assists in scavenging energy from the unwanted vibration occurrences in the surrounding. Due to the motion of vehicles on the bridges and working of various types of machinery, a large amount of vibration occurs.

Report Scope and Market Segmentation

Vibration Energy Harvesting Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Modern Energy Services

The rise in economic growth acts as one of the major factors driving the vibration energy harvesting market. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has a positive impact on the market.

• Trend for Green Energy

The rise in trend for green energy and growing favorable initiatives by governments accelerate the market growth. Also, high adoption of wireless sensor networks equipped with energy harvesting system has a positive impact on the market.

• Internet of Things (IoT)

The rise in the applications of the Internet of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others further influence the growth of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the vibration energy harvesting market.

Opportunities

Furthermore, use of sensors in wearable electronics extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, usage of human energy harvesting for implantable biomedical devices will further expand the market.

Restraints/Challenges

On the other hand, limitations of remotely installed networking modules and higher initial price are expected to obstruct market growth. Also, consistency of communication protocols and environmental reparation to energy harvesting device are projected to challenge the vibration energy harvesting market in the forecast period of 2022-2029.

This vibration 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 vibration 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.

COVID-19 Impact on Vibration Energy Harvesting Market

The COVID-19 had a negative impact on the vibration energy harvesting market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand vibration energy harvesting technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the vibration energy harvesting market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

• EnOcean, presented the PTM 535BZ module in May’2021 that is the latest addition to its range of transmitter modules for battery-free switch applications. This module allows the realization of energy harvesting wireless switches communicating. This communicating is based on Bluetooth Low Energy (BLE) or ZigBee Green Power (ZGP) radio standards.

Global Vibration Energy Harvesting Market Scope and Market Size

The vibration energy harvesting market is segmented on the basis of component, sensor type, application, and end use. The growth amongst these segments will help you analyze meager 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.

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

Vibration Energy Harvesting Market Regional Analysis/Insights

The vibration energy harvesting market is analysed and market size insights and trends are provided by country, component, sensor type, application, and end use as referred above.

The countries covered in the vibration 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, Israel, Egypt, South Africa, 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.

North America dominates the vibration energy harvesting market because of the rise in power generation and energy harvesting within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the surge in levels of investment on research and development activities in the region.  

The country section of the 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 Vibration Energy Harvesting Market

The vibration 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 vibration energy harvesting market.

Some of the major players operating in vibration energy harvesting market are

• ABB (Sweden)
• Linear Technology (US)
• Convergence Wireless (US)
• Cymbet (US)
• Enocean GmbH (Germany)
• Fujitsu (Japan)
• Honeywell International Inc (US)
• Powercast Corp (US)
• Stmicroelectronics (Switzerland)
• Texas Instruments (US)
• Microchip Technology Inc. (US)
• GreenPeak Technologies (US)
• Voltree Power LLC (US)
• Cypress Semiconductor Corporation (US)
• Laird PLC (UK)
• Mide Technology Corp. (US)
• Lord Microstrain (US)
• Ixys Corporation (US)
• Bionic Power Inc. (Canada)
• O-Flexx Technologies (Germany)

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