Harvesting Technology Market Size, Share, Major Players, Business Strategies, Opportunities And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Harvesting Technology Global Market Report 2023 identifies growing implementation of IoT devices as the major driver for the harvesting technology market's growth in the forecast period. IoT devices refer to physical devices that are connected to the internet and embedded with sensors, software, and other technologies. The growing implementation of IoT devices is mostly driven by the growing availability of wireless connectivity, increasing demand for automation and intelligence, and the rise of cloud computing, where IoT devices allow for real-time monitoring and data collection in agriculture practices.

The global harvesting technology market size is expected to grow from $12.16 billion in 2022 to $12.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global harvesting technology market size is expected to reach $16.18 billion in 2027 at a CAGR of 5.7%.

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Major competitors in the harvesting technology market are Cymbet Corporation, Mide Technology Corporation, Powercast Corporation, Analog Devices Inc., Cymbet Corporation, EnOcean GmBH.

A key trend in the harvesting technology market includes product innovation . Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2020, Deere & Company, a US-based manufacturer of agricultural and turf equipment, launched its new high-capacity X9 combine, which is part of its X Series line of harvesting equipment. The X9 combine is designed to increase productivity and efficiency while reducing operating costs for farmers. The unique features of the X9 combine is its ability to handle tough harvesting conditions, such as high-yielding crops or wet fields.

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The harvesting technology market is segmented -
1) By Technology: Light Energy Harvesting, Vibration Energy Harvesting, Frequency Energy Harvesting, Thermal Energy Harvesting, Radio Frequency Energy Harvesting

2) By Component: Power Management Integrated Circuits, Storage System, Transducers, Sensors, Other Components

3) By Application: Horticulture, Greenhouse, Crops, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the harvesting technology market.

The Business Research Company's "Global Harvesting Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Harvesting Technology Market Include:
1. Executive Summary
2. Harvesting Technology Market Characteristics
3. Harvesting Technology Market Trends And Strategies
4. Harvesting Technology Market - Macro Economic Scenario
5. Harvesting Technology Market Size And Growth
………
26. Africa Harvesting Technology Market
27. Harvesting Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Harvesting Technology Market
29. Harvesting Technology Market Future Outlook and Potential Analysis
30. Appendix

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