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- Global Energy Harvesting System Market
Global Energy Harvesting System Market to Grow at 11% During 2024-2032, Bolstered by Rising Adoption of Green Energy Sources
August 10, 2021
| Energy & Mining
The latest report by IMARC Group, titled “Energy Harvesting System Market Report by Technology (Light Energy Harvesting, Vibration Energy Harvesting, Electromagnetic/Radio Frequency (RF) Energy Harvesting, Thermal Energy Harvesting, and Others), Component (Transducers, Power Management IC (PMIC), Storage Unit), Application (Consumer Electronics, Building and Home Automation, Transportation, Healthcare, and Others), and Region 2024-2032,” finds that the global energy harvesting system market reached a value of US$ 541.2 Million in 2023. An energy harvesting system can produce energy from different sources using advanced techniques. It converts ambient energy into electrical energy, which can beused to power various devices, including consumer electronics, implantable biosensors, wireless sensor nodes, and military equipment. It also finds utilization in low-power electrical products, such as sensors, watches and home appliances, as itprovides an efficient alternative to conventional power sources. In recent years, energy harvesting systems have gained traction as they can easily power remotely located electronic devices, sensor networks, and wearable electronics.
Global Energy Harvesting System Market Trends:
The market is primarily driven by the extensive implementation of Internet of Things (IoT) devices. Rapid urbanization and the rising demand for safe, power-efficient and durable systems have further escalated the need for energy harvesting systems in home automation and buildings since they need no maintenance and are cost-effective in nature. In addition to this, the emergence of tire pressure management systems (TPMS) in the automotiveindustry has necessitated the use of energy harvesting systems to power small electric components. Besides this, governments of various nations are promoting green and sustainable energy sources, which has resulted in the shift toward energy-saving technology. This is facilitating the adoption of energy harvesting systems in rural areas to avoid power interruptions and supplement the main source of electricity in the circuit. Looking forward, the market is expected to grow at a CAGR of 11% during the forecast period (2024-2032).
Market Summary:
- Basedon the technology, the market has been segmented into light, vibration, electromagnetic/radio frequency (RF), thermal, and others.
- On the basis of the component, the market has been classified into transducers, power management IC (PMIC) and storage units.
- The market has been categorized based on the application into consumer electronics, building and home automation, transportation, healthcare, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being ABB Limited, Analog Devices Inc., Cymbet Corporation, Cypress Semiconductor Corporation (Infineon Technologies AG), EnOcean GmbH, Fujitsu Limited (Furukawa Electric Co. Limited), Honeywell International Inc., Microchip Technology Inc., Powercast Corporation, STMicroelectronics International N.V., and Texas Instruments Incorporated.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Technology, Component, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | ABB Ltd., Analog Devices Inc., Cymbet, Cypress Semiconductor Corporation (Infineon Technologies AG), EnOcean GmbH, Fujitsu Limited (Furukawa Group), Honeywell International Inc., Microchip Technology Inc., Powercast Corporation, STMicroelectronics SA and Texas Instruments Incorporated |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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