According to the recent report by IMARC Group, titled “Energy Harvesting System Market Size” Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global energy harvesting system is expected to grow at a CAGR of around 8% during the forecast period (2021-2026).
Energy harvesting (EH) refers to scavenging and converting ambient energy into electrical energy for powering autonomous electronic devices. The electrical energy can be conditioned for immediate use or stored for later operations. EH systems eliminate the need for conventional power sources, including batteries and power cables, thereby reducing the overall operational cost. They are usually employed to power remotely located, low-watt electronic utilities, wherein it is inefficient to install renewable energy systems.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Energy Harvesting System Market Trends:
One of the key factors driving the EH system market growth is the rising demand for safe, durable, low maintenance, and power-efficient structures across the globe. Additionally, extensive adoption of the Internet of Things (IoT) in industrial, building automation, and security applications, are creating a positive outlook for the market. An expansion in the electronics sector is further contributing to the market growth as these systems are majorly utilized in consumer electronics and wearable devices. Apart from this, governments of various nations are undertaking initiatives to promote the application of green energy sources, which is acting as another growth-inducing factor.
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Global Energy Harvesting System Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis on region, technology, component and application.
Breakup by Technology:
- Light Energy Harvesting
- Vibration Energy Harvesting
- Electromagnetic/Radio Frequency (RF) Energy Harvesting
- Thermal Energy Harvesting
Breakup by Component:
- Power Management IC (PMIC)
- Storage Unit
Breakup by Application:
- Consumer Electronics
- Building and Home Automation
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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