Press release
Energy Harvesting System Market 2013–2023 Trends and Opportunities With Major Players - Cymbet Corporation, Powercast Corporation, Texas Instruments, Fujitsu Global, ABB, Honeywell, STMicroelectronics and EnOcean
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Of all applications of energy harvesting systems, building and home automation has been contributing the highest revenue globally, with an estimated contribution of more than 35%. It is also expected to be the fastest growing category during the forecast period. This is due to rapid increase in implementation and installation of sensor-based technologies, and increase in demand for energy efficient power systems, from residential and commercial sectors.
Europe has been contributing the largest revenue share to the energy harvesting system market, followed by North America. It is mainly attributed to the rise in automation of buildings and homes, and rapid growth of the industrial automation sector in these regions.
A majority of wearables available in the energy harvesting system market are fitness trackers and other health application devices, which can also be driven by human motion. As wearables are becoming more preferred and common among consumers, the demand for energy to drive them is also increasing. Energy harvesting is emerging as a way to aid extra battery power in wearables.
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Some of the key players in the energy harvesting system market are Arveni, Convergence Wireless, Cymbet Corporation, Powercast Corporation, Texas Instruments Incorporated, Fujitsu Group, ABB Ltd., Honeywell International Inc., STMicroelectronics N.V., EnOcean GmbH, Voltree Power, Inc., Bionic Power, Inc., Energy Partners, and Yantra Harvest Energy Private Limited.
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