Energy Harvesting System Market Gaining To 10.64% Growth Per Annum With Players Like Convergence Wireless, Cymbat Corporation, Enocean, Voltree Power, ABB and More
The Global Energy Harvesting System Market accounted to USD 294.2 million in 2016 growing at a CAGR of 10.64% during the forecast period of 2017 to 2024.
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Major Market Drivers and Restraints:
Increasing Demand for Power-Efficient, and Durable Systems That Require Minimum Or No Maintenance
Increasing Trend for Green Energy and Favorable Initiatives By the Governments
Rising Adoption of Wireless Sensor Networks Equipped With Energy Harvesting System
Technological advancements in the field of energy harvesting
Government support for energy conservation
Market Segmentation: Global Energy Harvesting System Market
On the basis of component, the Energy Harvesting System Market is segmented into Transducer, Power Management Integrated Circuit (PMIC) and Secondary Battery.The Transducer market is further segmented into Photovoltaic, Electrodynamic, Piezoelectric and Electromagnetic, Thermoelectric and Radio Frequency (RF) Transducer. The Electrodynamic, Piezoelectric and Electromagnetic market is further sub segmented into Electrodynamic, Piezoelectric and Electromagnetic.
On the basis of Application the Energy Harvesting Market is segmented into Building & Home Automation, Consumer Electronics, Industrial, Transportation, and Security.
On the basis of geography, Energy Harvesting Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Energy Harvesting System Market
Energy Harvesting Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Energy Harvesting System Market
Some of the major players operating in Energy Harvesting Market are Voltree Power Inc., Bionic Power Inc., O-Flexx Technologies GmbH, ABB Limited, Arveni, Convergence Wireless, Cymbat Corporation, Enocean GmbH, Fujitsu Limited, Greenpeak Technologies B.V., Honeywell International Inc., Powercast Corporation, Microchip Technology Inc., Stmicroelectronics N.V., Texas Instruments Incorporated, Voltree Power Inc., Bionic Power Inc., O-Flexx Technologies GmbH.
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