In 2020, the global energy harvesting system market was valued around US$510.4 million and is expected to grow, registering a compound annual growth rate (CAGR) of 7.3% during the forecast time frame from 2021 to 2027.

Energy harvesting (energy scavenging) is the conversion of ambient energy into electrical energy. The ambient energy has been taken out from the environmental resources and then transformed into electrical energy. Energy harvesting system consists of a system that is involved in the transformation of energy.

Growing consumption of electricity has been giving rise to the demand. Moreover, technological advancements in sensor-based energy harvesting systems boost the growth of the overall energy harvesting system market.

However, the unavailability of high-powered energy harvesting systems can hinder the growth of the energy harvesting system market during the forecast period.

Advancements in technologies and growth in research & development activities would expand the use of the energy harvesting system. Thereby, this factor would be another reason for the growth of the energy harvesting system market. Wireless sensor connections, one of the energy harvesting system applications, are contributing to the growth of the harvesting system.

Energy harvesting system market, by region

The Asia-Pacific energy harvesting system market is expected to contribute significantly to the growth of the global energy harvesting system market in 2020. More than half of the global energy consumption is dependent on the energy harvesting system, owing to the growing industrialization and rising population. The use of renewable energy has risen in many countries like China and India.

Impact of COVID-19 on the Global Energy Harvesting System Market

The COVID-19 has impacted over 180 countries, causing a major loss to lives and businesses.
The COVID-19 pandemic had a negative impact on the energy harvesting system market. The market is mostly dependant on building & construction, industrial, consumer electronics, and transportation. Moreover, the spread of COVID-19 infection among the workforce halted the projects and created delays in the deadline.
Pandemic also halted the constructional activities, which in turn obstructed the growth of the global market in this situation. As per the information published by CNA, the construction Industry Joint Committee (CIJC) has stated that the decline in the workforce is expected to cause delays in projects.
Moreover, energy harvesting systems are also used in the automotive transportation sector. The negative effect of COVID-19 in the automotive sector has halted the transportation industry. As per the report published by Wipro, the automotive industry experienced a 30% slump in sales in 2020-2021 fiscal year.
Key market segments

By Component

Energy Harvesting Transducer
Power Management Integrated Circuits (PMIC)
Storage System
By Technology

Light Energy Harvesting
Vibration Energy Harvesting
Radio Frequency Energy Harvesting
Thermal Energy Harvesting
By Application

Building & Automation
Consumer Electronics
Industrial
Transportation
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key Players

Advanced Linear Devices Inc.
Analog Devices
Cedrat Technologies SA
Cymbet Corporation
Friedrichshafen AG
Mide Technology Corporation
Physik Instrumente (PI) GmbH & Co. KG
Powercast
Powercast
Tekceleo
Xidas