Energy Harvesting System Market Size, Share & Report – 2027

 Energy Harvesting System Market

The Energy Harvesting System Market is estimated to grow at a significant CAGR over the forecast period (2020-2027).

The factors driving the growth of Energy Harvesting System Market includes growing emphasis on utilizing green energy, increasing number of smart cities, rising consumption of energy around the world and emerging demand for power efficient harvesting systems. According to the report published by Barclays, the Smart Cities are expected to generate around USD 20 trillion in the economic benefits by the end of 2026, which is expected to boost the Energy Harvesting System Market size in the approaching years. Moreover, the integration of advanced technologies such as Machine Learning, Artificial Intelligence (AI) and Internet of Things (IoT) with the energy harvesting systems, rising concerns related to greenhouse gas emissions and climate change and increasing investments by leading players on research and development, are some of the additional factors supplementing the market growth. In addition, the energy harvesting systems requires low maintenance, can be used in harsh conditions, provides efficiency in installing wind turbines and are used in locations with no power grid connectivity, are some of the features propelling the market growth.

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However, the growth of Energy Harvesting System Market is hindered due to insufficient knowledge about energy harvesting systems amongst consumers.

The leading players operating in the market are General Electric Company, Advanced Linear Devices, Inc., Convergence Wireless, ABB Ltd., Fujitsu Limited, STMicroelectronics N.V., Honeywell International Inc., Powercast Corporation, Microchip Technology, Inc., and Texas Instruments Incorporated among other.

Technology: Segment Analysis

Based on Technology, the Light Energy Harvesting segment is predicted to expand at a robust CGAR during the forecast period attributed to growing use of solar energy harvesting technology to power connected sensors and IoT based devices.

Component: Segment Analysis

Based on Component, the PMIC (Power Management Integrated Circuit) segment is expected to grow at a remarkable CAGR over the forecast period owing to increasing demand for thermoelectric transducer, piezoelectric transducer, and electromagnetic transducers.

Application: Segment Analysis

Based on Application, the Building & Home Automation segment is projected to grow at a steady CAGR during the forecast period due to increasing application of energy harvesting systems in schools, hotels, malls, and residential buildings.

Regional: Segment Analysis

Based on Region, the North American region is anticipated to capture the largest market share over the forecast period. The growing emphasis on utilizing renewable sources of energy, automation in the construction sector, high per capita incomes and increasing population growth rates, are some of the factors augmenting the market growth in North America.

Market Segmentation

Global Energy Harvesting System Market by Technology

  • Light Energy Harvesting
  • Vibration Energy Harvesting
  • Radio Frequency (RF) Energy Harvesting
  • Thermal Energy Harvesting

Global Energy Harvesting System Market by Component

  • Transducers
  • Photovoltaic Transducer
  • Electrodynamic, Piezoelectric, and Electromagnetic Transducer
  • Thermoelectric Transducer
  • Radio frequency (RF) Transducer
  • PMIC (Power Management Integrated Circuit)
  • Secondary Battery

Global Energy Harvesting System Market by Application

  • Building & Home Automation
  • Consumer Electronics
  • Industrial
  • Transportation
  • Security

Global Energy Harvesting System Market by End-Use System

  • Wireless Switching System
  • Wireless HVAC System
  • Wireless Sensing and Telematics System
  • Tire Pressure Monitoring System
  • Asset Tracking System
  • Remote Health Monitoring System
  • Regenerative Energy Harvesting System

Global Energy Harvesting System Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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