Global Energy Harvesting System Markets, 2021-2026: Focus on Light Energy Harvesting, Vibration Energy Harvesting, Radiofrequency Energy Harvesting, Thermal Energy Harvesting – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Energy Harvesting System Market (2021-2026) by Technology, components, Application & End-User, and Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Energy Harvesting System Market was valued at USD 460 Mn in 2021 and is expected to reach USD 645 Mn by 2026, a CAGR of 7%.
The rise in the use of Energy Harvesting Systems (EHS) in rural regions can be linked to the increasing use of EHS to minimize power outages and improve the dependability of an electrical system or supplement the primary energy source in an electrical circuit.
Growing infrastructure and industrial development spending is expected to influence the worldwide market over the forecast period positively. Energy harvesting is a process in which a source of energy is used to generate energy utilizing a variety of technological ways.
Rising energy consumption in end-user industries is expected to drive market development. Increasing demand for safe, durable, and power-efficient systems that require no maintenance; energy harvesting techniques in home automation and building; increasing adoption of wireless sensor networks fortified with EHS; and supportive initiatives by various government authorities are major factors fuelling product demand.
However, issues such as transmission time result in energy loss, impeding industry expansion. Furthermore, energy collecting technology has had limited success due to vegetation that disrupt the radiofrequency (RF) signal, limiting the viability of energy harvesting utilization.
Market Segmentation
- By Technology, the market is classified into Light energy harvesting, Vibration energy harvesting, Radiofrequency energy harvesting, and Thermal energy harvesting.
- By Component, the market is classified into Transducers, Power management integrated circuits (PMIC) & Secondary batteries.
- By Application, the market is classified into Building and home automation, Consumer electronics, Industrial, Transportation & Security.
- By End-use system, the market is classified into wireless switching system, Wireless HVAC system, Wireless sensing and telematics system, Tire pressure monitoring system, Asset tracking system, Remote health monitoring system, and Regenerative energy harvesting system.
- By Geography, America is projected to lead the market.
Recent Developments
- Analog Devices Completes Acquisition of Maxim Integrated. – 26th Aug 2021
- Accenture Acquires Bionic to Help Brands Drive Customer Growth and Innovation. – 29th Jun 2021
- Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation. – 16th Apr 2020
Market Influencers
Drivers
- Energy Harvesting System (EHS) Usage is Increasing in Rural Regions
- Rising Infrastructure and Industrial Development Spending
- Green Energy is Becoming More Popular, and Governments are Taking Positive Steps
- Increased Use of Wireless Sensor Networks Outfitted with Energy Collecting Systems
- Surging implementation of IoT devices in automation and energy harvesting systems for building and home automation
Restraints
- Energy Harvesting Modules are More Expensive
- Remotely Deployed Networking Components Have Limitations
Opportunities
- Harvesting Human Energy for Implanted Biomedical Devices
- Adoption of sensors in wearable electronics
- Ocean energy harvesting
Challenges
- Lack of Standardisation
- Environmental Damage to Energy Collecting Devices
Company Profiles
- ABB Ltd
- Analog devices Inc.
- Bionic Power Inc.
- Convergence Wireless Inc
- Cymbet Corporation
- Cypress Semiconductor
- EnOcean GmbH
- E-Peas SA
- Fujitsu Limited
- Honeywell International Inc
- IXYS Corporation
- Laird Technologies, Inc
- MAHLE GmbH
- MicroStrain, Inc
- Microchip Technology Inc
- Mide Technology Corporation
- O-Flexx Technologies GmbH
- Qorvo
- ReVibe Energy AB
- Schneider Electric
- Silicon Laboratories Inc.
- STMicroelectronics
- Texas Instruments Incorporated
- Voltree Power LLC
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8power
For more information about this report visit https://www.researchandmarkets.com/r/qxlkip
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