Energy Harvesting System Market Expected to Reach $1,057.7 Million by 2030 | Growing at a CAGR of 7.5%

Allied Market Research published a report on the Energy Harvesting System Market by Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, and Thermal Energy Harvesting), Component (Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), and Storage System), and Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.

The global energy harvesting system market size was valued at $511.6 million in 2020 and is projected to reach $1,057.7 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/14055

Energy harvesting (energy scavenging) is the method of conversion of ambient energy in the environment into usable electrical energy. Systems that are used for this purpose can be termed energy harvesting systems.

The rise in demand for energy has increased dependency on fossil fuels for the production of energy. However, use of fossil fuel for the production of energy leads to high carbon dioxide emission that further leads to environmental degradation. Hence, to overcome this problem, there is development of energy harvesting techniques from building and urban infrastructure mainly roads. Annually large amount of energy in form of kinetic energy is wasted on roads. Thus, there are several developments in energy harvesting system such as use of solar panels, piezoelectric devices, and thermoelectric & electromagnetic harvesters in order to harvest energy from roads. This factor is predicted to augment growth of the global market.

However, there are several disadvantages associated with energy harvesting techniques. For instance, solar energy that is to be harvested cannot be further used directly to power sensors and if powered these sensors require overcharge protection. It further increases production cost. In addition, solar form of energy is unpredictable is predicted to hamper the market growth.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/energy-harvesting-system-market-A13686

The transportation sector is the largest consumer of energy. For instance, the transportation sector in the UK consumed about 56.5 million tons of oil out of which more than 97% was resourced from oil industry. Thus, consumption of such large amount of energy out of which some part of energy is be wasted in the form of vibration and heat. Thus, a moving truck in one lane with an average of 600 V/h of traffic can generate 150 kWh of energy in one-kilometer range. This energy can be used to deform, vibrate, and warm up the road surface and can be a good source of energy for harvesting and converting. Thus, implementation of energy harvesting techniques with proper use of systems is predicted to offer lucrative growth opportunities in the future.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Energy Harvesting System industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐇𝐚𝐫𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Analog Devices
ZF Friedrichshafen AG
Powercast
Xidas
Physik Instrumente (PI) GmbH & Co. KG
Cedrat Technologies SA
Mide Technology Corporation
Advanced Linear Devices Inc.
Tekceleo
Cymbet Corporation

The energy harvesting system market is segmented on the basis of technology, component, application, and region.

By technology, the market is segregated into light energy harvesting, vibration energy harvesting, radio frequency energy harvesting, and thermal energy harvesting. The light energy harvesting segment dominated the global market, in terms of revenue in 2020, with over one-third of the total market share. There is a growth in demand for light energy harvesting, owing to large number of companies that are actively engaged in supply of solar products and solution based on solar energy for sectors such as building automation, security application, and electronics.

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/energy-harvesting-system-market.html

By component, the global energy harvesting system market is classified into energy harvesting transducer, power management integrated circuit (PMIC), and storage system. The energy harvesting transducer segment dominated the global market, in terms of revenue in 2020, with over two-fifth of the total share. Rise in use of electromechanical transducers for harvesting vibration energy is the key factor that propels the market growth.

By application, the global market is divided into building & home automation, consumer electronics, industrial, transportation, and others. The building & home automation segment dominated the global market, in terms of revenue in 2020, with over two-seventh of the total share. Self powered sensors can be used to control lights, HVAC system, security system, and other services. These are maintenance free and can be installed easily into different systems that further supports various applications.

Region wise, the energy harvesting system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific energy harvesting system market is projected to grow at the highest CAGR during the forecast period and accounted for 23.4% energy harvesting system market share in 2020. The region accounts for more than half of the global energy consumption, owing to rise in industrialization as well increase in population. Renewable energy has grown considerably in countries such as China and India. Thus, there is a constant rise in the use of energy harvesting systems in this region.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/14055

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

- The light energy harvesting technology segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.9% from 2021 to 2030.
- The energy harvesting transducer component type is anticipated to register the highest CAGR of 7.9% during the forecast period.
- The building & home automation end-use is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 8.1% from 2021 to 2030.
- Europe garnered the highest share of 37.3% in 2020, in terms of revenue, growing at a CAGR of 7.3%

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/04/19/2650021/0/en/Fossil-Fuel-Energy-Market-to-Reach-10-646-5-Billion-Globally-by-2031-at-5-3-CAGR-Allied-Market-Research.html

𝟐. 𝐅𝐮𝐬𝐢𝐨𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/03/06/2621218/0/en/Fusion-Energy-Market-Is-Expected-to-Reach-840-3-Billion-by-2040-Allied-Market-Research.html

𝟑. 𝐒𝐨𝐥𝐚𝐫 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/05/18/2671601/0/en/Solar-Energy-Market-to-Reach-300-3-Billion-Globally-by-2032-at-12-3-CAGR-Allied-Market-Research.html

𝟒. 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/01/19/2591776/0/en/Alternative-Energy-Market-Is-Expected-to-Reach-3-2-Trillion-by-2031-Allied-Market-Research.html

𝟓. 𝐖𝐚𝐬𝐭𝐞 𝐭𝐨 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/waste-to-energy-market-to-reach-50-1-bn-globally-by-2027-at-4-6-cagr-allied-market-research-301105477.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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