Press release
How Energy Harvesting System Market Will Dominate In Coming Years? Key Players: ABB, EnOcean, GreenPeak Technologies, Power Costs, Inc., STMicroelectronics, Cymbet Corporation, Honeywell, etc
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/energy-harvesting-system-market-101362
What Does the Report Contain?
• An elaborate analysis of the energy harvesting system market trends and growth drivers.
• A general overview of the industry structure.
• Estimation of the market size in terms of both volume and value.
• Competitive landscape, such as new product launches, mergers and acquisitions, agreements, and latest contracts.
Increasing Development Activities by Companies to Dave Energy Will Drive Growth
Harvested energy-powered devices are mainly used in consumer electronics, home and building automation, wearable devices, and industrial applications. Portable power equipment, namely, lead-acid, magnesium-ion, and lithium-ion batteries are more prone to damage and hence, have a very short lifespan. The conventional cabling systems, on the other hand, incur high costs owing to the wiring. The installation process for sensor networking purposes is also very time-consuming. Energy harvesting does not require any external electricity for charging. Therefore, there is no need to externally power the device, either by portable batteries or by cables. It would otherwise save the overall operating cost by reducing the maintenance cost. Numerous companies are at present, striving persistently to improve the energy harvesting technology for saving energy and cutting off the cost. These factors are expected to augment the energy harvesting system market size in various regions.
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Rising Adoption of Solar Energy to Favor Growth in Europe
Geographically, the market is fragmented into Latin America, Europe, the Middle East and Africa, North America, and Asia Pacific. Out of these, North America currently holds the largest energy harvesting system market share and it is likely to retain its dominant position throughout the forthcoming years. The U.S. is considered to be one of the leading countries in the region owing to the rising adoption of energy harvesting systems in home appliances and buildings. The country is using renewable sources to generate energy. Also, the automotive and industrial sectors are growing rapidly here.
Furthermore, Europe is set to experience notable growth in the coming years. It is attributable to the increasing utilization of solar energy. In Asia Pacific, the governments of several countries are aiming to decrease the emission of carbon in the atmosphere. At the same time, the rising adoption of consumer electronics would contribute to market growth in this region. Lastly, the Middle East and Latin America are expected to showcase moderate growth on account of the rapid usage of renewable energy sources.
Key Players Focus on Launching Innovative New Products to Gain Competitive Edge
The market consists of big, small, and medium-sized enterprises. They are focusing on introducing new products that are equipped with novel technology. It would support them in achieving the maximum energy harvesting system market share in the coming years. Below are few of the latest industry developments:
• June 2019: Huawei, a multinational technology company based in China, announced that it has blended SoC, its bestselling NB-IoT device with Nowi’s energy harvesting PMIC. It would help the former in enabling IoT applications requiring ultra-low power autonomous operation. It would also eliminate the need for cabling and manual intervention to supply power at places where there is zero power supply or zero maintenance.
• July 2019: Samsung, a multinational conglomerate, headquartered in South Korea, invented smart clothing, an item of clothing that is combined with an electronic device. The company’s patent focuses on keeping smart wear operational and charged. It mentioned that their invention includes a wearable device that will include an energy harvester for generating electricity. It will be able to support medical applications, such as heart rate meter, body temperature meter, and blood pressure meter.
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Fortune Business Insights profiles some of the most renowned companies operating in the energy harvesting system market. They are as follows:
• ABB
• EnOcean
• GreenPeak Technologies
• Power Costs, Inc.
• STMicroelectronics
• Cymbet Corporation
• Honeywell
• Microchip Technology Inc.
• GE
• Cypress Semiconductor Corporation
• Linear Technology
• LORD Corporation
• Convergence Inc.
• Texas Instruments
• Mide Technology Corporation
• Fujitsu Global
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Energy Harvesting System Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Energy Harvesting System Market.
Key Segmental Overview:
1. By Technology
• Light Energy Harvesting
• Vibration Energy Harvesting
• Thermal Energy Harvesting
• Radio Frequency Energy Harvesting
2. By Application
• Consumer Electronics
• Building & Home Automation
• Transportation
• Industrial
• Others
3. By Geography
• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Key Market Driver – Increasing adoption of renewable energy sources
Key Market Restraint – High upfront cost and lack of technical expertise
Major Table of Content For Energy Harvesting System Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Energy Harvesting System Market Analysis, Insights and Forecast, 2026
6. North America Energy Harvesting System Market Analysis, Insights and Forecast, 2026
7. Europe Energy Harvesting System Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Energy Harvesting System Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Energy Harvesting System Market Analysis, Insights and Forecast, 2026
10. Latin America Energy Harvesting System Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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