Global Energy Harvesting System Market to reach USD 0.76 billion by 2027.
Global Energy Harvesting System Market is valued approximately at USD 0.43 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2021-2027. Energy harvesting is a method of extracting energy produced or derived from unconventional energy sources. An electrical circuit, sensing components (sensors and transducers), and a storage unit compensate an energy harvesting system. The energy harvesting system charges the transducer with unconventional energy sources, which is then transformed to electricity and stored in the battery unit. A supplementary electronic circuit manages the produced power and protects the storage unit and principal circuitry in the system. The market is driven by rise in government investment for green energy and rising adoption of wireless sensor networks equipped with energy harvesting systems. For instance, as per India Branch Equity foundation, Between April 2000 and December 2020, FDI inflow into India's non-conventional energy industry reached USD 9.83 billion, according to data published by the Department for Promotion of Industry and Internal Trade (DPIIT). Since 2014, more than 42 billion dollars has been invested in India's renewable energy sector. In 2018, the country's new renewable energy investment was USD 11.1 billion. However, limitations of remotely installed networking modules may impede market growth over the forecast period of 2021-2027.
Geographically, Europe is dominating the market in terms of market shares due to favorable government policies. Furthermore, the European Commission is supporting the regional market growth by providing incentives and investing in EHS and storage unit R&D. however, North America is expected to register the fastest growth due to high saturation of vibration energy harvesting systems technology in industrial sectors including healthcare, security, consumer electronics, transportation, and others.
Major market player included in this report are:
EnOcean GmbH
Schneider Electric
MAHLE GmbH
Bionic Power Inc.
Voltree Power, Inc.
Texas Instruments Incorporated
Analog Devices Inc.
Powercast Corp.
STMicroelectronics
ABB Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Components:
Transducers
Power management integrated circuits (PMIC)
Secondary batteries
By Technology:
Light energy harvesting
Vibration energy harvesting
Radio frequency energy harvesting
Thermal energy harvesting
By Application:
Building and home automation
Consumer electronics
Industrial
Transportation
Security
By End use system:
Wireless switching system
Wireless HVAC system
Wireless sensing and telematics system
Tire pressure monitoring system
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Energy Harvesting System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
