Energy Harvesting Market Size & Growth (2020 – 2025)
The global energy harvesting market is anticipated to grow and get valued around USD 817.2 million by 2025, increasing from USD 452.60 million in 2019 at a CAGR of 10.91%.
Energy harvesting is the process in which energy is executed from external sources, captured, and stored for small, autonomous wireless devices, like those used in wearable electronics and wireless sensor networks and these harvesters provide a small amount of power for low-energy electronics. While fuel is thrusted to some large-scale generation costs resources (oil, coal, etc.), the energy source for these harvesters will be like ambient background.
The growth of the global energy harvesting market is attributed to the applications like converting ambient energy into electrical energy in both the military and commercial sectors and some systems which also converts motion, such as that of ocean waves, into electricity by oceanographic monitoring sensors in autonomous operation. Also, the advancements in the applications may include high power output devices deployed at remote locations to be as reliable power stations for large systems, which are an advantage for harvesters, acting as growth factors for the global energy harvesting market.
The growth factors of this market are not only the applications of energy harvesters, but also include the growing demand for safe, power-efficient, adoption of IoT devices in automation and energy harvesting technology in building and home automation, and durable systems that require minimum or no maintenance, and the trend for green energy and favourable initiatives by the governments.
The growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance is leading to the usage of these energy harvesters, which gives a boost to the market.
Also, the extensive implementation of IoT devices in automation and energy harvesting technology in building and home automation, and an increasing trend for green energy are the major growth factors of the global energy harvesting market during the forecast period. Additionally, initiatives by the governments which are in favor of the launches of new technology in the harvesting methods are propelling the growth.
But the lack of awareness about energy harvesting in the consumer world is expected to hamper the business growth over the outlook period. However, the innovative advancements that are coming up by major market players of energy harvesting technologies such as ocean energy harvesting are fuelling the opportunities for energy harvesting producers.
On the basis of technology, the global energy harvesting system market is segmented as follows:
In the technological segmentation of the energy harvesting market, the light energy harvesting segment is likely to boost the market growth due to the extensive adoption because of the wide availability of solar energy sources and the advanced research on the technology.
On the basis of Component, the market is segmented as follows
In the component segmentation, transducers and secondary batteries are supposed to contribute significantly in energy harvesting system market, attributing their growth to the increasing adoption of transducer devices such as photovoltaic cells and piezoelectric devices to generate energy for low-power devices. Also, these devices are primarily used in building and home automation applications to power devices such as smoke detectors, heaters, switches, lighting control devices, occupancy sensors, and gateways.
On the basis of Application, the market is segmented as follows
Based on applications, Building & Home Automation is the leader of the market share. The growth of this segment in the forecast is credited to the increasing adoption of energy harvesting devices in the Americas and Europe in building and home automation applications.
In the regional analysis of the global energy harvesting market, North America is the region that has a significant revenue share of the business. The growth of the market in North America is attributed to the increasing penetration of building automation in countries like the USA. Canada is increasing in new construction projects that are accepting renewable energy as the power source for low-power electronic devices.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Energy Harvesting Market, By Technology
6.1.1 Light Energy Harvesting
6.1.2 Vibration Energy Harvesting
6.1.3 Radio Frequency Energy Harvesting
6.1.4 Thermal Energy Harvesting
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Energy Harvesting Market, By Component
6.2.1 Transducers
6.2.2 Power Management
6.2.3 Secondary Battery
6.2.4 Integrated Circuit
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Energy Harvesting Market, By Application
6.3.1 Building & Home Automation
6.3.2 Consumer Electronics
6.3.3 Industrial
6.3.4 Transportation
6.3.5 Security
6.3.6 Market Size Estimations & Forecasts (2019-2024)
6.3.7 Y-o-Y Growth Rate Analysis
6.3.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Technology
7.2.3 By Component
7.2.4 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Technology
7.3.3 By Component
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Technology
7.4.3 By Component
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Technology
7.5.3 By Component
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Technology
7.6.3 By Component
7.6.4 By Application
8. Key Player Analysis
8.1 ABB Limited
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Arveni
8.3 Fujitsu
8.4 Green Peak Technologies
8.5 Honeywell International, Inc
8.6 Marlow Industries, Inc
8.7 MicroGen Systems
8.8 Texas Instruments Inc
8.9 Siemens AG
8.10 Maxim Integrated
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of by type, application, end-use, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Energy Harvesting Market By Region, From 2020-2025 ( USD Billion )
Global Energy Harvesting Market By Technology, From 2020-2025 ( USD Billion )
Global Light Energy Harvesting Market By Region, From 2020-2025 ( USD Billion )
Global Vibration Energy Harvesting Market By Region, From 2020-2025 ( USD Billion )
Global Radio Frequency Energy Harvesting Market By Region, From 2020-2025 ( USD Billion )
Global Thermal Energy Harvesting Market By Region, From 2020-2025 ( USD Billion )
Global Energy Harvesting Market By Component, From 2020-2025 ( USD Billion )
Global Transducers Market By Region, From 2020-2025 ( USD Billion )
Global Power Management Market By Region, From 2020-2025 ( USD Billion )
Global Secondary Battery Market By Region, From 2020-2025 ( USD Billion )
Global Integrated Circuit Market By Region, From 2020-2025 ( USD Billion )
Global Energy Harvesting Market By Application, From 2020-2025 ( USD Billion )
Global Building & Home Automation Market By Region, From 2020-2025 ( USD Billion )
Global Consumer Electronics Market By Region, From 2020-2025 ( USD Billion )
Global Industrial Market By Region, From 2020-2025 ( USD Billion )
Global Transportation Market By Region, From 2020-2025 ( USD Billion )
Global Security Market By Region, From 2020-2025 ( USD Billion )
