Energy Harvesting System Market Overview :
Energy harvesting is the procedure in which energy is gained from a system’s environment and converted into working electric power. Energy harvesting is also called as power harvesting or ambient power or energy scavenging. An energy harvesting system usually includes circuitry to charge an energy storage cell, and administer the power, providing protection and regulation. These systems allow electronics to work where there's no conventional power source, excluding the necessity to run wires or make regular visits to replace batteries. Energy harvesting holds great potential for both low-voltage & low-power applications in a varied range of mobile or portable markets such as consumer electronics, medical equipment, transportation, industrial controls and military.
Increasing adoption of energy harvesting systems in remote locations to prevent power interruptions, growing demand for safe, power-efficient, and long-lasting systems that require minimum maintenance, increasing trend for green energy, and favorable initiatives by the governments are some of the factors driving the growth of the global energy harvesting system market. In addition, rising adoption of wireless sensor networks equipped with energy harvesting system is also expected to fuel the growth of the market. However, lack of consumer awareness, higher initial cost, and lack of process standardization are the major problems to deal with respect to the market growth. Moreover, use of human energy harvesting for implantable biomedical devices, and adoption of sensors in wearable electronics are expected to equally influence the overall growth of market during the forecast period.
Component, technology, sensors, application, and geography are the major segment considered in the global energy harvesting system market. The component segment is sub-segmented into transistors, capacitors, controllers, solar cells, batteries, switches, and other components. Technology segment is bifurcated into light energy harvesting, thermal energy harvesting, vibration energy harvesting, RF energy harvesting, and other technologies. By sensors, the segmentation includes temperature, pressure, humidity, IR, and other sensors. Furthermore, the application segment is categorized into consumer electronics, automation, industrial, transportation, and other applications.
Based on geography, energy harvesting system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Prominent players operating in the market include Honeywell International Inc., ABB Limited, Texas Instruments Incorporated, Fujitsu Limited, STMicroelectronics NV, Microchip Technology Inc., ARVENI, EnOcean GmbH, Mide Technology Corp., Linear Technology among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Energy Harvesting System Market with respect to major segments such as component, technology, sensors, application, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Energy Harvesting System Market has been included in the report
- Profile of the key players in the Global Energy Harvesting System Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Energy Harvesting System Market
- Solar Cells
- Other Components
- Light Energy Harvesting
- Thermal Energy Harvesting
- Vibration Energy Harvesting
- RF Energy Harvesting
- Other Technologies
- Other Sensors
- Consumer Electronics
- Other Applications.
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East