Energy Harvesting Expected to Be Biggest Emerging Market by 2024

Energy harvesting is a process of collecting ambient energy from various sources such as heat, light, electromagnetic radiation and vibration. It is then change ambient energy into electric energy which is usable for portable power electric devices. The whole process can be done without use of batteries. This technology helps to collect ambient energy that usually get discarded and generate lot of attention. This process also known as power scavenging or energy scavenging. There are various type of energy harvesting used by energy harvesting technologies.

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During energy harvesting process, a transducer get used to change ambient energy into electric energy. The amount of energy produced is low and hence used in low power devices such as mobile phones, wristwatches, wireless sensor nodes and others. This technology allows electronic products to work as contactless charging devices that make products reliable and efficient.

Energy harvesting market is segmented by technology, by application and by geography. The different types of technologies include thermomagnetic, thermoelectric, light energy harvesting, fluid, motion, vibration and different types such as bio energy harvesting and RF. Light energy harvesting dominate global market owning to presence of huge amount of solar energy. The different applications of this devices include home automation, consumer electronics, aerospace, building, military, bicycle dynamo and others. Consumer electronics is the largest application segment.

Geographical analysis of this market include North America, Europe, Asia Pacific and RoW. Europe is largest region for this market, followed by North America, Asia Pacific and RoW. In Asia Pacific, Japan shows the major percentage share. The market is expected to grow with single digit in CAGR by 2019.

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The major players for this market are Honeywell, 3G Solar, Sony technology center, Siemens Power Generation, Seiko and SolarPrint and among others.

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