Global Vibration Energy Harvesting Systems Market Overview
Global vibration
energy harvesting systems market is anticipated to grow at a promising CAGR
throughout the forecast period, owing to the growing demand for power-efficient
and durable systems that require minimum or no maintenance. Moreover, extensive
implementation of IoT devices in automation and energy harvesting technology in
building and home automation and increasing trend for green energy and
favorable initiatives by the governments are also bolstering the growth of
vibration energy harvesting systems market.
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 saw massive growth
in the course of recent years attributable to regularly rising desire to create
portable and wireless electronic gadgets with extended lifetime. Vibration
energy harvesting is an inexhaustible and clean energy scavenging source that
has dynamically gained huge footing over the world from the previous decade for
its basic applications. Such system 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. The advancement of vibration energy harvesting
systems enables 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.
Global Vibration Energy Harvesting Systems Market Segment
Insights
In terms of application,
the global vibration energy harvesting systems market is categorized into
consumer electronics, building & home automation, industrial,
transportation and security. The consumer electronics category accounted for
major share of the global market vibration energy systems in 2018. The growth
of the consumer electronics category is majorly attributable to the to rising
demand for wireless sensing devices and low power portable electronics without
external power supply. Vibration energy harvesting systems likewise finds a
number application in building and home automation credited to staggering
expense sparing potential during installation and maintenance.
The vibration
energy harvesting systems market in the healthcare sector is marginal, but it
is predicted 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 system by the body's vibration.
Global Vibration Energy Harvesting Systems Market Regional
Insights
Regionally, the
North American 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 U.S. with solid
versatile market to new technologies all around the country over essentially
backs the vibration energy systems market here. The European market for
vibration energy harvesting systems was the second largest in the world in
2018. The growth of the European market is majorly attributable to various governments
and favorable public initiatives to harvest vibration energy to meet the energy
needs in the region. Moreover, the European Commission promotes 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 Competitive
Landscape
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 unequivocal application zones. Various players and new businesses
are anticipated to hugely infiltrate the market notwithstanding the substantial
investments required to enter in the market, due to the appealing growth
opportunities. Some of the major players operating in the global vibration
energy harvesting systems market are STMicroelectronics N.V., Honeywell
International Inc., Fujitsu Ltd., Convergence Wireless Inc. among others.
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 the market size of global
vibration energy harvesting systems market in terms of value
- 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 the global vibration energy harvesting systems market
Click here to download the brochure
Some of the leading players in the 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 service offerings, distribution channels and presence of all
major manufacturers across the globe.
TechSci Research calculated the market size of global vibration
energy harvesting systems
market using a top
down approach, where data for various application
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 policy makers
- 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 the industry stakeholders
such as manufacturer and partners, end users etc., besides allowing them in
strategizing investments and capitalizing on market 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
- 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 the 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
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com