Global Energy Harvesting Systems Market is projected to grow at 19.2% CAGR during The Forecast Period due to Rising Demand for Safe and Uninterrupted Power in Various Industries, Says Absolute Markets Insights


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Absolute Markets Insights

Mar 04, 2020, 06:34 EST


Pune, India, Mar 04, 2020, 06:34 /Comserve / -- The major market participants include ABB, Advanced Linear Devices, Inc., Arveni, Bionic Power Inc., Convergence Wireless, Cymbet Corporation, Cypress Semiconductor Corporation

The growth of the global energy harvesting systems (EHS) market is largely due to the increasing adoption of energy harvesting systems in remote locations to avoid power interruptions and to improve the reliability of an electronic system or to complement the primary source of electronic circuits. Energy harvesting systems utilize atmospheric residual energy to generate or convert it into a usable form of energy. The conversion process is complex and requires an effective device and components to harvest energy efficiently. Such energy harvesting devices, however, provide a reliable alternative to residual energy power generation, thus neutralizing the cost pressure generated by high cost of these devices.

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Energy harvesting does not require electricity from outside to charge the battery. Therefore, the system does not need to be operated externally either by cables or portable batteries, thereby reducing the maintenance costs or saving the overall operating costs. Several companies are working to develop the energy harvesting technology in order to reduce the device costs and save electricity. Therefore, the high demand for these systems is driving the growth of energy harvesting systems market. Energy extraction systems capture and consume by-product energy as and when it becomes available, then save and supply energy over a time in a form that can be used later, for example, in the operation of a microprocessor within its limits. Medical equipment, consumer devices, vehicles and energy harvesting systems may also be used for low-voltage and low-performance applications such as portable or mobile devices.

The detailed research study provides qualitative and quantitative analysis of energy harvesting systems market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

  • In terms of revenue, the global energy harvesting systems market is expected to reach US$ 14,652.0 Mn by 2027
  • The factors driving the EHS market are the increasing demand for safe, power efficient and durable systems that require minimal or no maintenance. Extensive automation, implementation of internet of things (IoT) devices and growing adoption of wireless sensor network equipped with energy harvesting systems will also contribute to energy harvesting systems market growth over the forecast period.
  • North America and Europe are collectively expected to dominate the global energy harvesting system market in terms of revenue due to the presence of prominent manufacturers and initiatives set by governments in these regions to increase the adoption of clean energy sources. On the other hand, Middle East & Africa and Asia Pacific regions are projected to expand at a consistent growth rate, over the forecast period mainly due to improving technologies related to energy harvesting systems.
  • The major market participants include ABB, Advanced Linear Devices, Inc., Arveni, Bionic Power Inc., Convergence Wireless, Cymbet Corporation, Cypress Semiconductor Corporation, Enocean GmbH, Fujitsu, Greenpeak Technologies B.V., greenTEG AG,  General Electric (Perpetua Power Source Technologies, Inc.), Honeywell International Inc., Kinergizer, Linear Technology, LORD MicroStrain, Microchip Technology Inc., O-Flexx Technologies GmbH, Piezo Systems, Inc., Powercast Corporation, Stmicroelectronics N.V., Texas Instruments Incorporated, and Voltree Power Inc.

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Global Energy Harvesting Systems Market:

  • By Technology
    • Light Energy
    • Kinetic Energy
    • Thermal Energy
    • Radio Frequency Energy
  • By Components
    • Transducer/Harvester
      • Photovoltaic
      • Thermoelectric
      • Inductive
      • Radio Frequency
      • Piezoelectric
    • Battery/Super Capacitor
    • Power Management
    • Others
  • By Application
    • Building Automation
    • Smart Home
    • Industrial
    • Transportation
    • Consumer Electronics
      • Calculators
      • Watches
      • Other Small Instruments
    • Others
    •  
  • By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America

 

  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.


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