Energy Harvesting System Market Research Report
The GMI Research expects the energy harvesting system market
to expand at a significant rate. From a regional perspective, North America is
expected to lead the market due to the increasing awareness related to energy
efficiency and the rising use of renewable sources of energy for powering
electronic devices among consumers.
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Energy Harvesting System Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The rising trend for green energy, the strong demand for
power-efficient and sustainable systems, and the easy availability of plenty of
renewable energy sources, including tidal, ocean, and wind energy, are the
major factors responsible for the growth of the energy
harvesting system market size. The increasing expenditure in
infrastructure and industry development, growing awareness associated with
green energy trends, and various initiatives taken by numerous governments to
reduce CO2 emissions from buildings are some other factors that will have a
positive influence on the market's demand.
The energy harvesting system offers a substitute source of
power for applications in locations having frequent power cuts, no grid power
connectivity, and inefficiency in installing solar panels or wind turbines.
This factor is bolstering the market growth of energy harvesting system in the
upcoming years. The advent of enhanced and advanced energy harvesting
technology that enables the connected devices to be virtually operated without
any negative effects on the environment is one of the major factors propelling
the growth of the energy harvesting system market share in terms of revenue.
On the other hand, limited knowledge related to the use of energy harvesting
devices, lack of remotely installed networking modules, and the increased
initial cost will hamper the growth of the global energy harvesting system
market.
End-Use
System Segment Drivers
Based on the end-use system, the market is segmented into
wireless switching systems, wireless HVAC systems, wireless sensing and
telematics system, tire pressure monitoring system, asset tracking system,
remote health monitoring systems, and regenerative energy harvesting systems.
The wireless HVAC system is anticipated to increase at a higher CAGR in the
upcoming years due to the increasing number of commercial and residential
infrastructures, followed by the growing installation of advanced HVAC systems
in the building are the key drivers accelerating the segment growth.
Energy Harvesting System Market’s leading
Manufacturers:
·
Honeywell International Inc.
·
ABB Ltd.
·
Fujitsu Limited
·
STMicroelectronics N.V.
·
General Electric Company
·
Advanced Linear Devices, Inc.
·
Convergence Wireless
·
Powercast Corporation
·
Microchip Technology, Inc.
·
Texas Instruments Incorporated
Energy Harvesting System Market Segmentation:
Segmentation
by Technology:
·
Light Energy Harvesting
·
Vibration Energy Harvesting
·
Radio Frequency (RF) Energy Harvesting
·
Thermal Energy Harvesting
Segmentation
by Component:
·
Transducers
·
Photovoltaic Transducer
·
Electrodynamic, Piezoelectric, and
Electromagnetic Transducer
·
Thermoelectric Transducer
·
Radio frequency (RF) Transducer
·
PMIC (Power Management Integrated Circuit)
·
Secondary Battery
Segmentation
by Application:
·
Building & Home Automation
·
Consumer Electronics
·
Industrial
·
Transportation
·
Security
Segmentation
by End-Use System:
·
Wireless Switching System
·
Wireless HVAC System
·
Wireless Sensing And Telematics System
·
Tire Pressure Monitoring System
·
Asset Tracking System
·
Remote Health Monitoring System
·
Regenerative Energy Harvesting System
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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