The global energy harvesting system market is growing at a considerable CAGR of 8.0% during the forecast period. Increasing research activity, rising expenditure in infrastructure development are considered as the prime factors affecting and driving the market. Additionally, the increasing focus associated with energy harvesting system adoption in a rural area along with growing favorable initiatives by governments, are also estimated to be the key factors that are contributing significantly towards the growth of the market. However, the high cost of investment is the major factor constraint that is hindering the growth of the global energy harvesting system market.
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Moreover, increasing benefits from the adoption of sensors in wearable electronics is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global energy harvesting system market. For instance, in May 2021, EnOcean GmbH that is considered as one of the developers of energy harvesting wireless technology had introduced the PTM 535BZ module that is regarded as its new range of transmitter modules for battery-free switch applications.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Energy Harvesting System Market by Technology
- Light energy harvesting
- Vibration energy harvesting
- Radio frequency energy harvesting
- Thermal energy harvesting
Global Energy Harvesting System Market by End-User
- Building and home automation
- Consumer electronics
- Industrial
- Transportation & Logistics
- Other(Security)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- II-VI Inc.
- ABB Ltd.
- Analog Devices, Inc.
- Bionic Power Inc.
- Cymbet
- Cypress Semiconductor Corp.
- EnOcean GmbH.
- e-peas
- FUJITSU
- G24 Power Ltd.
- Nowi B.V.
- Schneider Electric
- STMicroelectronics
- Texas Instruments Inc.
- Powercast Corp.
- Voltree Power, Inc.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global energy harvesting system market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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