Consumer Electronics Segment is Expected to Dominate the Global Energy Harvesting Systems Market
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, 2028”. Global Energy Harvesting
Systems is anticipated to project robust growth in the forecast period with a
CAGR of 9.37% through 2028. Energy harvesting, also known as power harvesting
or energy scavenging, is the process by which energy is derived from external
sources. Ambient energy, the energy source for energy harvesting systems, is
present as ambient background and is freely available.
The
widespread use of IoT devices in automation, the expansion of urban areas, the
rising demand for reliable, safe, and long-lasting systems, the increasing
popularity of green energy, the widespread adoption of energy harvesting
technology in building and home automation, and supportive government policies
are all anticipated to contribute to the market's expansion during the forecast
period. Energy harvesting systems are primarily used in low-power electrical
utilities, such as sensors, watches, and home appliances. These systems provide
an efficient alternative to conventional power sources, like batteries.
Moreover,
supportive government policies and increased awareness about the environment,
along with the reduction in the emission of greenhouse gases, have helped raise
the demand for such technologies.
Using
energy harvesting systems is advantageous since the connected devices can run
for a very long time without causing adverse environmental effects.
Additionally, the solar, thermal, and vibrational energy forms of energy are
those that energy harvesting systems use the most frequently among the various
sources of ambient energy, including light energy, thermal energy,
radiofrequency energy, kinetic energy, chemical/biological energy, and others.
The
energy harvesting systems are also deployed in applications that require a
backup battery, and primarily battery is located remotely at a difficult place
to reach. The transmitters and receivers used in the energy harvesting systems
should be installed close to each other for better signal transmission.
Collecting data at the central receiver is difficult when these sensors are
deployed in remote locations.
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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 used in consumer electronics, such
as wearables, smartphones, remote control units, wireless appliances, body
implants, etc.
Moreover,
Energy harvesting systems allow consumer electronic products to operate where
conventional power sources are unavailable. Such features extend the use and
eliminate the geographical constraint for devices to always be near a power
source. Such features are driving the use of energy harvesting systems in
consumer electro. For instance, energy harvesting systems are used in remote
control units, where power is harvested from the force applied by the user in
pressing the button. Recently, ARM has built such a device with the low power
of the ARM Cortex-M0+ processor.
The
energy captured may be used in most wireless applications, body implants,
wearables, and other low-power consumption applications. Even if the harvested
energy is not enough to power the entire device, it may still be used to extend
the life of conventional batteries. For example, researchers from the Chinese
University of Hong Kong have developed a device that may harvest energy from
the human knee during walking without a substantial increase in effort for
wearers. The demonstrated device demonstrates up to 1.6 mW of power without
significantly changing breathing patterns. The proliferation of connected
devices and the need for less expensive and reliable energy sources drive the
growth 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 the most
critical market for investments in building and home automation, which employ
renewable energy and propel the demand for energy harvesting systems.
The
majority of the region's revenue came from the United States. Due to the
administration's intention to make the nation an energy-independent state and
the thriving industrial and transportation sectors, the industry is anticipated
to experience significant expansion. Comparatively to other markets, the North
American market is seeing a high level of industrial IoT adoption, boosting the
need for energy harvesting systems.
Government
programs to reduce energy emissions from outdated and public buildings have
also contributed to this growth. For instance, 50 of the federal government's
most energy-intensive buildings will have installed sophisticated and smart
building technology due to a deal the U.S. General Services Administration
signed with IBM. Additionally, the smart
cities project launch has altered the local market environment. In addition to
holding events to promote collaboration and knowledge sharing amongst cities,
businesses, and colleges involved in creating smart cities around the nation,
this effort also includes various grants and funding packages.
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 driven by a confluence of factors that
underscore the growing importance of sustainable and efficient energy
solutions. Rising global awareness of energy efficiency and environmental
concerns propels the demand for alternative power sources. Advancements in
technology, including improvements in energy harvesting efficiency and
cost-effectiveness, contribute to market growth. The integration of energy
harvesting systems with wireless sensor networks and the Internet of Things
(IoT) addresses the increasing need for self-sufficient power in interconnected
devices. Government initiatives and incentives promoting renewable energy
adoption further stimulate the market. The expansion of energy harvesting
applications across industries, from industrial automation to wearable
electronics, reflects 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 be shaped by these dynamic drivers,
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 2018-2028 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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