Energy Harvesting Systems Industry is Expected to Reach $3433.57 Billion by 2032 -Texas Instruments, Maxim Integrated, Cypress Semiconductor, Wurth Electronics, Analog Devices, Microchip Technology, STMicroelectronics, Fujitsu, Enocean, Silicon Labs, Lair

The global energy harvesting system market size was valued at USD 562.2 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2032. Energy Harvesting Systems Industry is Expected to Reach $3433.57 Billion by 2032The growing applications of the Internet of Things (IoT) including smart cities, smart homes, Industrial IoT (IIoT), and Machine-to-Machine (M2M) communications, among various others are further expected to drive the market. Factors, such as growing environmental awareness, supportive government policies, and Greenhouse Gas (GHG) emission reduction targets, and rising demand for energy are expected to drive the market over the forecast period. Increasing R&D initiatives for the development of new technologies are also expected to augment the market growth.

The research report aims to provide reliable and useful Energy Harvesting Systems industry information and data on the national and international markets thereby helping the market leaders, investors, small businesses, and others gain market intelligence from around the world. The report provides the global Energy Harvesting Systems market players the insights needed to make key decisions with regard to international markets like expansion and investments. The Energy Harvesting Systems report anticipates future economic, business, and political factors and trends that may impact their performance at regional and international levels. The multinational businesses that are on top in the Energy Harvesting Systems marketplace in the recent years and the topics related to the selected markets are covered in report.

The Global Energy Harvesting Systems Market Size is Projected to Reach a CAGR of 39% during 2022-2029.

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Major Market Players Profiled in the Report include:

Texas Instruments, Maxim Integrated, Cypress Semiconductor, Wurth Electronics, Analog Devices, Microchip Technology, STMicroelectronics, Fujitsu, Enocean, Silicon Labs, Laird Thermal Systems, Cymbet, Mide Technology, Alta Devices, Powercast, MicroGen Systems, Micropelt

Technology Insights
The vibration technology segment led the market in 2020. The segment accounted for the maximum revenue share of more than 32% of the global market in 2020. Vibration or mechanical energy harvesting is done by converting the ambient vibrations into electric energy with the help of piezoelectric, electromagnetic, electrostatic, and electrodynamic technologies.

Thermoelectric Generators (TEGs) are used to convert ambient thermal energy into electric energy. These devices consist of thermopiles, which further consist of n-type and p-type junction that allows heat flow between these terminals and leads to electricity generation. The light technology segment is projected to record the fastest CAGR of more than 10.5% during the forecast years.

Energy Harvesting Systems Market Segmentation by Type:

Photovoltaic, Thermoelectric, Piezo, Electrodynamic.

Energy Harvesting Systems Market Segmentation by Application:

Industrial, Consumer Electronics, Building & Home, WSN, Security, Others

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Component Insights
The sensor component segment led the market in 2020 with a revenue of more than 34.5%. On the basis of components, the global market has been divided into sensor, transducer, Power Management IC (PMIC), secondary/backup battery, and others. Sensors are one of the most crucial components of an energy harvesting system. They are responsible for collecting ambient light energy, kinetic motion, temperature differences, and pressure changes to convert into energy.

In an energy harvesting system, the generated power is stored in a capacitor or a small rechargeable battery for later use. The secondary/backup battery segment is estimated to register the fastest CAGR over the forecast period. Cymbet is one of the leading innovators in offering secondary/backup batteries. Other components include resistors, capacitors, transistors, diodes, and others, which are required to assemble a complete energy harvesting unit.

Transducer segment to hold largest share of energy harvesting system market during the forecast period
The transducer segment holds the largest market share and is expected to retain its position during the forecast period. A transducer converts energy from light, radio waves, heat, vibration, kinetic force, pressure, and other sources of energy. The sensor devices in wirelessnetworks are currently deployed with transducers to eliminate the use of conventional electrical grids or primary batteries.EnOcean GmbH (Germany), Mide Technology Corporation (US), Lord Microstrain (US), Laird Plc (UK), and IXYS Corporation (US) are some of the players offering different types of transducers.

Building and home automation application segment is expected to hold largest market share in 2026
Building automation, being the most attractive market for energy harvesting systems, consists of many regional as well as global companies producing numerous energy harvesting products and components for the system. EnOcean GmbH (Germany), one of the prominent players in energy harvesting systems, is mainly involved in supplying energy harvesting systems for building and home automation applications.
Key Insights That Study Is Going to Provide:

Recent Developments
In May 2021, EnOcean, presented the PTM 535BZ module, the latest addition to its range of transmitter modules for battery-free switch applications. In addition to the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications, PTM 535BZ is the first module that offers a combination of supported wireless standards in the 2.4 GHz radio band.
In February 2021, STMicroelectronics, announced a new generation of extreme power-saving microcontrollers (MCUs), the STM32U5 series, to meet the most demanding power/performance requirements for smart applications including wearables, personal medical devices, home automation, and industrial sensors.

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Based on Components

The sensor component segment accounted revenue share of 35% in 2021. The Transducer segment has had a larger market share until now and it is expected to grow during the forecast. The energy harvesting transducer segment is driving the demand of the global market. It is due to the growth in usage of electromechanical transducers to harvest vibration energy.

Based on Application

The industrial segment hit largest revenue share of around 31% in 2021. The home automation and building market is anticipated to grow during the forecast. Home automation does not require hard wiring. As there is no disposal of batteries that minimizes the maintenance and the environmental impact to use of energy harvesting systems. In wearable watches, which comes under the domain of consumer electronics is also a very good opportunity. It will help in monitoring the activity of the person and also to manage the health.

ey Market Developments

In May 2021 a range of transmitter module for battery free switch appliances was presented by EnOcean named PTM 535BZ. It is the first module that offers a combination of supported wireless standards in 2.4 GHz radio band.
The company AB launched the robots, which were used as part of coronavirus testing system in Singapore which helped in processing a volume of up to 4000 samples a day. Compared to the other regions to North American market is seeing a high adoption of industrial IoT which is driving the demand for this technology.
In order to install this technology in 50 federal government's highest energy consuming buildings the US General Services Administration has entered into a contract with the organization IBM. The need to replace batteries in devices such as the laptops or the smartphones is eliminated due to the energy harvesting system and eventually it helps in drastically enhancing the shelf life.
Samsung applied for clothing technology in July 2019, which has a built in energy harvesting device that gains power from the body heat, solar heat and the solar light.
ZF Friedrichshafen AG Partnered with Schneider electric in march 2021 to introduce new innovative smart industrial switches. Harvesting energy from unlicensed band Spectrums is possible with the self powering chipset which is made with silicon by a company Wiliot, which is an energy harvesting startup. This chipset will be useful for the IT workspaces that act as a center of Bluetooth waves and radio waves.

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