Press release
Global Vibration Energy Harvesting Market to Reach USD 1.08 Billion by 2029, Driven by 10.1% CAGR
The world class Vibration Energy Harvesting Market market report is highly useful in making aware of the extent of the marketing problems. The market related information and analysis involved in this report brings into focus the types of consumers, their preferences about the product, their buying intentions and their ideas about the enhancement of a product. Moreover, businesses can know the reaction of the consumers to an already existing product in the market. Hence, all the data included in the report aids in defining superior business strategies. Vibration Energy Harvesting Market market research report conducts the systematic, to the point and far-reaching study of the facts related with any subject in the field of marketing.
Overview of Vibration Energy Harvesting Market
Global Vibration Energy Harvesting Market was valued at USD 498.97 million in 2021 and is expected to reach USD 1077.40 million by 2029, registering a CAGR of 10.10% during the forecast period of 2022-2029.
Vibration energy harvesting refers to the technique that assists in scavenging energy from the unwanted vibration occurrences in the surrounding. Due to the motion of vehicles on the bridges and working of various types of machinery, a large amount of vibration occurs.
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Dynamics Growth Drivers and Scope of Vibration Energy Harvesting Market
Growth Drivers:
The rise in economic growth acts as one of the major factors driving the vibration energy harvesting market. Also, increase in the need for reducing poverty and improving the quality of life with the help of modern energy services has a positive impact on the market. The rise in trend for green energy and growing favorable initiatives by governments accelerate the market growth. Also, high adoption of wireless sensor networks equipped with energy harvesting system has a positive impact on the market. The rise in the applications of the Internet of Things (IoT) including smart homes, smart cities, Machine-to-Machine (M2M) communications, and Industrial IoT (IIoT), among various others further influence the growth of the market.
Scope:
The vibration energy harvesting market is segmented on the basis of component, sensor type, application, and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Regional Analysis/Insights of Vibration Energy Harvesting Market:
North America dominates the vibration energy harvesting market because of the rise in power generation and energy harvesting within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the surge in levels of investment on research and development activities in the region.
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The major companies which are dealing in the Vibration Energy Harvesting Market:
ABB (Sweden), Linear Technology (US), Convergence Wireless (US), Cymbet (US), Enocean GmbH (Germany), Fujitsu (Japan), Honeywell International Inc (US), Powercast Corp (US), Stmicroelectronics (Switzerland), Texas Instruments (US), Microchip Technology Inc. (US), GreenPeak Technologies (US), Voltree Power LLC (US), Cypress Semiconductor Corporation (US), Laird PLC (UK), Mide Technology Corp. (US), Lord Microstrain (US), Ixys Corporation (US), Bionic Power Inc. (Canada), and O-Flexx Technologies (Germany), among others
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Vibration Energy Harvesting Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
Segmentation of Vibration Energy Harvesting Market:
By Component (Transducer, Power Management Integrated Circuit (PMIC), Secondary Battery), Sensor Type (Wireless Sensor Network (WSN), Others), Application (Building and Home Automation, Consumer Electronics, Industrial, Transportation, Security), End Use (Wireless Switching System, Wireless HVAC System, Wireless Sensing and Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System)
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