According to the recent report by IMARC Group, titled “Energy Harvesting System Market” Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global energy harvesting system market size reached a value of US$ 425.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 867.4 Million by 2027, exhibiting at a CAGR of 12.8% during 2022-2027.
Energy harvesting (EH) system consists of an electronic circuit, storage unit, sensors, transducers, and a complimentary electric circuit to protect the storage unit and primary circuitry by managing the generated power. It is efficient and easy to use, ensures less carbon emission, and provides maintenance-free energy.Consequently, it finds extensive utilization in low-power electrical products, such as watches and home appliances, over conventional power sources.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Energy Harvesting System Market Trends:
The increasing preference for smart buildings and homes and automation of industrial and security appliances is escalating the consumptionof power, which, in turn, is positively influencing the market. Moreover, the rising demand for wireless sensors, wearable devices, and consumer electronics is contributing to the adoption of EH systems to power remotely located electronic devices and sensor networks. Besides this, the growing awareness among individuals about energy conservation, along with favorable government initiatives to build green buildings, is driving the market.
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Global Energy Harvesting System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Analog Devices Inc., Cymbet , Cypress Semiconductor Corporation (Infineon Technologies AG), EnOcean GmbH, Fujitsu Limited (Furukawa Group), Honeywell International Inc., Microchip Technology Inc., Powercast Corporation, STMicroelectronics SA and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, technology, component and application.
Breakup by Technology:
Light Energy Harvesting
Vibration Energy Harvesting
Electromagnetic/Radio Frequency (RF) Energy Harvesting
Thermal Energy Harvesting
Others
Breakup by Component:
Transducers
Power Management IC (PMIC)
Storage Unit
Breakup by Application:
Consumer Electronics
Building and Home Automation
Transportation
Healthcare
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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