The global energy harvesting system market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period. The speeding up in demand related to the adoption of cost and the power-efficient system is one of the prime factors affecting and driving the market. In energy harvesting, there is no external electricity needed and required for charging the device. As a result, it will lead to a decrease in the maintenance cost along with saving the overall operating cost when compared with conventional cabling systems that are considered to be higher. Additionally, the systems are also durable, unlike the portable power equipment that has a short lifespan and are more prone to damage which in turn is driving the growth of the market.
The key players present in the global energy harvesting system market had been adopting various strategies that include collaboration to gain major market share. For instance, in September 2020, e-peas that is considered as one of the companies in the energy harvesting sector had done a collaboration with TCT, which is specialized in magnetic components. The companies together have developed a new energy harvesting platform that is based on induction in order to support building automation and smart-grid deployments.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered-
o By Technology
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape– EnOcean GmbH, Cymbet, STMicroelectronics, e-peas and Bionic Power Inc.
Energy Harvesting System Market
By Technology
- Light energy harvesting
- Vibration energy harvesting
- Radio frequency energy harvesting
- Thermal energy harvesting
By End-User
- Building and home automation
- Consumer electronics
- Industrial
- Transportation & Logistics
- Other (Security)
A full Report of Energy Harvesting System Market is Available at: https://www.omrglobal.com/industry-reports/energy-harvesting-system-market
Energy Harvesting System Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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.
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