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.

Request a free sample of this report

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Restaurant Point Of Sale Terminal Market Share Report & Forecast 2029

Image
  The Restaurant Point-of-Sale Terminal Market is estimated to witness a growth of CAGR 8.5% during the forecast period, 2022-2029. The factors driving growth of the Restaurant Point-of-Sale Terminal Market includes increasing deployment of point-of-sale systems at restaurants, breweries, and nightclubs, rise in the volume of contactless payment transactions, growing popularity of online food delivery applications such as Swiggy, Zomato and Uber Eats and improvements in the living standards. Moreover, technological advancements in point-of-sale systems, Point of Sale Terminals offer online orders, e-wallets, table reservations and loyalty programs, rising focus by restaurants on streamlining operations, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic collaborations between enterprises and growing
Read more

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more