Energy Harvesting Systems is anticipated to project robust growth in the forecast period with a CAGR of 9.37% through 2029
Growing Demand
for Sustainable and Green Energy and Rising Awareness of Energy Efficiency are
the factors propelling the market growth.
According
to TechSci Research report, “Global Energy Harvesting Systems Market -
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”. Global Energy Harvesting
Systems is anticipated to project robust growth in the forecast period with a
CAGR of 9.37% through 2029. Energy harvesting, also referred to as
power harvesting or energy scavenging, involves deriving energy from external
sources, with ambient energy serving as the primary energy source for these
systems. It is abundantly available in the environment without cost. Factors
such as the widespread adoption of IoT devices in automation, urban expansion,
increasing demand for reliable and sustainable systems, growing interest in
green energy, and government support are expected to drive market growth.
Energy harvesting systems find extensive application in low-power electrical
utilities like sensors, watches, and home appliances, offering an efficient
alternative to traditional power sources such as batteries. Additionally,
supportive government policies and heightened environmental awareness, coupled
with efforts to reduce greenhouse gas emissions, contribute to the rising
demand for such technologies.
Utilizing energy harvesting systems
offers several advantages, including prolonged device operation without adverse
environmental impacts. Solar, thermal, and vibrational energies are the most
commonly utilized forms among various ambient energy sources, which also
include light, radiofrequency, kinetic, chemical, and biological energies.
These systems are particularly deployed in applications necessitating backup
batteries, especially when the primary battery is located in remote or
inaccessible areas. Optimal signal transmission requires close proximity
between transmitters and receivers in energy harvesting systems. However,
collecting data at a central receiver becomes challenging when sensors are
deployed in remote locations.
Browse
over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global
Energy Harvesting Systems Market.”
Based
on Application, Consumer Electronics segment is expected to hold the largest
share of Energy Harvesting Systems market for during the forecast period, Energy harvesting systems are increasingly integrated into consumer
electronics like wearables, smartphones, remote control units, and wireless
appliances, among others. These systems enable devices to function even in
areas lacking conventional power sources, extending their utility and removing
geographical limitations. For example, energy harvesting systems in remote
control units harness power from user button presses, as demonstrated by ARM
with their low-power ARM Cortex-M0+ processor. The captured energy finds
applications in various wireless devices, body implants, wearables, and other
low-power consumption applications. Even if the harvested energy isn't
sufficient to fully power the device, it can still augment conventional
batteries, prolonging their lifespan. Additionally, researchers at the Chinese
University of Hong Kong have developed a device capable of harvesting energy
from the human knee during walking without imposing significant additional
effort on wearers. This demonstrated device generates up to 1.6 mW of power
without markedly altering breathing patterns. The increasing proliferation of
connected devices and the demand for cost-effective and reliable energy sources
are driving the adoption of energy harvesting systems in the consumer
electronics industry.
Based
on Region, North America will dominate the market, Due to the region's ongoing
and rapid technical advancements, North America has emerged as a pivotal market for investments in
building and home automation, driving the demand for energy harvesting systems
that leverage renewable energy sources. The United States accounts for the
majority of the region's revenue, driven by government initiatives aimed at
achieving energy independence and the flourishing industrial and transportation
sectors. Compared to other markets, North America witnesses a high adoption
rate of industrial IoT, further fueling the demand for energy harvesting
systems. Government programs targeting energy emissions reduction in public
buildings have also spurred industry growth. For example, through a partnership
with IBM, the U.S. General Services Administration plans to equip 50 of the
federal government's most energy-intensive buildings with advanced smart
building technology. Furthermore, the launch of smart cities initiatives has
reshaped the local market landscape, promoting collaboration and knowledge
sharing among cities, businesses, and academic institutions involved in smart
city development nationwide, along with offering various grants and funding
packages to support these efforts.
Key
market players in the Global Energy Harvesting Systems Market are following: -
- Microchip
Technology Inc.
- E-Peas
SA
- EnoCean
GmbH
- ABB
Limited
- Powercast
Corporation
- Advanced
Linear Devices Inc
- Analog
Devices Inc
- STMicroelectronics
NV
- Texas
Instruments Incorporated
- Cypress
Semiconductor Corporation
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“The Energy Harvesting Systems Market is
propelled by various factors highlighting the growing significance of
sustainable and efficient energy solutions. Increasing global consciousness
regarding energy efficiency and environmental issues drives the demand for
alternative power sources. Technological advancements, such as enhancements in
energy harvesting efficiency and cost-effectiveness, play a significant role in
market expansion. The integration of energy harvesting systems with wireless
sensor networks and the Internet of Things (IoT) addresses the rising demand
for self-sustaining power in interconnected devices. Government initiatives and
incentives promoting the adoption of renewable energy further stimulate market
growth. The proliferation of energy harvesting applications across industries,
spanning from industrial automation to wearable electronics, underscores the
versatility and increasing adoption of these systems in diverse sectors. As the
world embraces a greener future, the Energy Harvesting Systems Market continues
to evolve under the influence of these dynamic factors, fostering innovation
and sustainability across various domains.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Energy Harvesting Systems Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast Segmented by Technology (Light
Energy Harvesting, Vibration Energy Harvesting, Thermal Energy Harvesting, and
RF Energy Harvesting), Application (Consumer Electronics, Building, and Home
Automation, Industrial, Transportation), By Region, By Competition 2019-2029 has evaluated the future growth
potential of Global Energy Harvesting Systems Market and provides statistics
and information on market structure, size, share, and future growth. The report
is intended to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities present in the Global Energy Harvesting Systems Market.
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