Global vibration
energy harvesting systems market is anticipated to reach $ 183 million by 2024,
on account of increasing demand for power-efficient and durable systems that
require minimum or no maintenance. Extensive implementation of IoT devices in automation
and energy harvesting technology in building and home automation, in addition
to increasing focus on green energy and favorable government initiatives, are
expected to positively influence the global vibration energy harvesting systems
market in coming years.
Field
of vibration energy harvesting has intrigued noteworthy significance for low
power and portable energy sources, credited to fast advancement and mass
utilization of portable electronic gadgets. Such energy harvesting systems are
registering massive growth, on account of growing desire to create portable and
wireless electronic gadgets with extended lifetime. Vibration energy harvesting is an
inexhaustible and clean energy scavenging source that is dynamically gaining traction
across the world. Such systems are utilized in areas of independent low power
microsystems, self-powered wireless sensor systems, portable energy sources,
distributed computing and others to renew or supplant traditional power
sources, for example, battery. Advancements in vibration energy harvesting
systems enable to capture, store and deal with specific measures of motion
energy, converting them into electrical energy to supply low-power gadgets or
store it for later use.
In terms of
application, global vibration energy harvesting systems market has been categorized
into consumer electronics, building & home automation, industrial,
transportation and security. The consumer electronics category accounted for
major share of the global vibration energy harvesting systems market in 2018.
The growth of the consumer electronics category is being majorly driven by rising
demand for wireless sensing devices and low-power portable electronics without
external power supply.
Presence of
vibration energy harvesting systems in the healthcare sector is marginal;
however, it is expected to witness a healthy growth during the forecast period.
Vibration energy harvesting innovations present important social advantages
when applied to the healthcare sector. Many associations are as of now
currently working with developing an automated pacemaker that will convert
kinetic energy from the pulsating of the human heart into electrical energy.
The gadget would empower self-charging systems by the body's vibration.
North America vibration
energy harvesting systems market accounted for a major share of the global
market in 2018, owing to high penetration of vibration
energy harvesting systems in industrial sectors such as healthcare,
transportation, consumer electronics, security and others. The European
market for vibration energy harvesting systems emerged as the second largest in
the world in 2018, on account of favorable government policies
across various countries in the region. Moreover, the European Commission is
promoting the industry with incentives and investments in R&D of energy
harvesting and storage devices, thereby driving the market growth in the
region.
Global vibration
energy harvesting systems market is highly competitive in nature. Most of the
market players are focusing on technological advancements of the product to
specialize in unequivocal application zones. Various players and new businesses
are anticipated to penetrate the market notwithstanding the substantial
investments required to enter the market, due to the appealing growth
opportunities. Some of the major players operating in global vibration energy
harvesting systems market are STMicroelectronics N.V., Honeywell International
Inc., Fujitsu Ltd. and Convergence Wireless Inc.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global vibration
energy harvesting systems market size.
- To forecast global vibration energy harvesting systems market based
on product, application and regional distribution.
- To identify drivers and challenges for global vibration
energy harvesting systems market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
vibration energy harvesting systems market.
- To conduct the pricing analysis for global vibration
energy harvesting systems market.
- To identify and analyze the profile of leading
players operating in global vibration energy harvesting systems market.
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Some of the leading players operating in global vibration
energy harvesting systems market are STMicroelectronics
N.V., Honeywell International Inc., Fujitsu Ltd., Convergence Wireless Inc., Microchip
Technology Inc., Cymbet Corporation, EnOcean GmbH, ABB Ltd., Texas Instruments
Inc., Powercast Corporation, etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the product offerings, distribution channels and presence of all
major manufacturers across the globe.
TechSci Research calculated global vibration energy
harvesting systems
market size using a top
down approach, where data for various applications
across various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target
Audience:
- Vibration energy harvesting device
manufacturers
- Vibration energy harvesting
systems developers
- Vibration energy harvesting
systems end-user industries
- Government bodies such as
regulating authorities and policymakers
- Organizations, forums and
alliances related to vibration energy harvesting systems market
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as manufacturers, partners and end users. The report also provides useful
insights about which market segments should be targeted over the coming years
in order to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, global vibration energy
harvesting systems market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Product:
- Linear Systems
- Nonlinear Systems
- Rotational Systems
- Market, by Application:
- Consumer Electronics
- Building & Home Automation
- Industrial
- Transportation
- Healthcare
- Security
- Others
- Market, by Region:
- Asia-Pacific
- Europe
- France
- Germany
- United Kingdom
- North America
- South America
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global vibration energy harvesting systems market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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be released soon. If you wish an early delivery of this report or want to
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