Growing Industrialization will influence the Energy Harvesting Market Growth 2014 - 2020
FMI’ extensive research indicates that the global energy harvesting market is anticipated to gain momentum and grow at a double-digit CAGR by 2020 end. A number of newly innovated efficient energy applications and widespread acceptance of renewable energy sources are expected to play a vital role in the growth of the global energy harvesting market during the forecast period 2014-2020.
Key Drivers: Energy Harvesting Market
During the past decade, there has been growing demand for safe, power efficient, and enduring systems, which require minimum or no maintenance. This is a major driver of market growth, expected to continue pushing the demand for devices based on the energy harvesting technology. Growing applications of the energy harvesting technology in building and home automation is another key driver to the market growth.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-58
Moreover, industrial WSN demand energy harvesting on a large scale, which is expected to continue during the forecast period as well. The green energy trend is effectively governing the market, while favourable initiatives by various governments are also boosting the market on a global level.
Abundance of renewable energy sources, including tidal, wind, and ocean energy provide a dependable platform for the innovation of energy harvesting applications. This is also an influential factor contributing to the growth of market.
Key Restraints to Market Growth
The technology based on energy harvesting is typically used off-grid or on-demand. However, both of these usage patterns possess some technological complexities, which may restrict the widespread demand for energy harvesting devices in the market. Another deterring factor includes inadequate awareness among consumers about the availability and usage of the devices based on harvested energy.
Moreover, relatively higher initial costs associated with these devices are expected to curtail the growth of the market globally. The energy harvesting technology generates lower current, which makes it incompatible for the application in all types of energy domains.
Global Energy Harvesting Market: Segmentation
FMI’s research on the global energy harvesting market provides a six-year forecast, segmenting the market on the basis of different energy sources/fields, applications, and geography.
On the basis of different energy sources/fields, the energy harvesting market is segmented into radiation (solar, electromagnetic, and light), mechanical (fluid, elastic, kinetic, and potential), chemical (battery, fuel cells, and phase change), nuclear, magnetic, electric, thermal, and gravitational. Among these, electric and magnetic fields form the most common source for harvesting energy.
Based on the application, the energy harvesting market is segmented as wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military and aerospace, automotive, healthcare, and others (research, animals, and farming). Among these, consumer electronics, including mobile phones, wrist watches, calculators, and piezoelectric gas lighters cover the maximum share of the global energy harvesting market, followed by military and aerospace-based applications. However, building and home automation is the fastest growing application segment in the energy harvesting sector. Energy harvesting is also an integral part in a wireless sensor network (WSN) these days.
According to the geography, the energy harvesting market is segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and Africa. Among these, Americas are projected to remain the dominating markets in 2016, with a significant market share. However, Europe will be the fastest growing market, owing to burgeoning promotion and investments by The European Commission in R&D of energy harvesting and storage devices. North America and Asia Pacific will also account for remarkable market shares by 2020 end. In North America, the U.S. will dominate, whereas in APAC, Japan will reportedly contribute the largest share to the total energy harvesting market revenues.
Notable Market Trends
Building and infrastructure, automation of lighting, security, and electronics at homes, and WSNs for bridges include some of the most sought after applications of energy harvesting since the past few years.
The use of mmWave (millimetre wave) for 5G cellular networks has been a popular trend of wireless energy harvesting.
The market is expected to gain traction from growing application of energy harvesting in wearable devices and mobile phones.
Energy harvesting is estimated to find increasing applications in automobile industry in the near future.
The advent of nanotechnology has offered ample of growth opportunities to the energy harvesting market. Since nanotechnology helps manufacturing of compact-sized devices, the emergence of portable devices based on energy harvesting technology is the most likely occurrence in the market.
Key Players: Global Energy Harvesting Market
Some of the prominent players competing in the industry include ABB Limited, Arveni, Enocean, Fujitsu, Cypress Semiconductor Corp., Green Peak Technologies, Honeywell International, Inc., Levant Power Corporation, Marlow Industries, Inc., Microchip Technology, Inc., MicroGen Systems, Maxim Integrated, G24 Innovations Limited, Texas Instruments Inc., and STMicroelectronics.
Visit For TOC@ https://www.futuremarketinsights.com/toc/rep-gb-58
Other notable players include Silicon Laboratories, Inc., Siemens AG, Murata Manufacturing Co., Ltd., Mide Technology Corporation, Laird Plc., Lord Microstrain, EnOcean GmbH, Cymbet Corporation, POWERleap, Inc., Schneider Electric, Linear Technology, Microstrain, and Micropelt.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growing Industrialization will influence the Energy Harvesting Market Growth 2014 - 2020 here
News-ID: 762913 • Views: 271
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Energy
Wind Energy Technology Market
HTF MI released a new market study on Southeast Asia Wind Energy Technology Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study
Skylight Energy Melbourne
Skylight Energy is the leading provider of solar energy in Australia. We specialise in high quality yet affordable renewable energy products for either your home or business. Our large selection of products consists of only the finest Tier 1 solar panels, solar inverters and home battery packs. All of our products have been approved by the Clean Energy Council, and certified for safety to the highest Australian and international standards. Whether
Green energy is the electricity derived from smooth assets generating minimum pollution and consists of sun photovoltaic, hydropower, wind electricity, bio-fuels and geothermal. expanded investments in era studies and improvement, supportive regulatory frameworks, extended consciousness and electricity security troubles and environmental concerns amongst others are fueling the boom in call for for clean and inexperienced energy. The report on the Global Smart Cards Automated Fare Collection System Market is a thorough
Energy Drinks in India
ReportsWorldwide has announced the addition of a new report title Energy Drinks in India to its growing collection of premium market research reports. Energy Drinks in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Complete Energy Management from eSight Energy
Why choose eSight Energy? You can manage and reduce your energy with the eSight software by importing data into the software and managing your expectations with informative and intuitive graphs and charts. Please view the video here: https://vimeo.com/203430337 eSight Energy provides energy management solutions for use across any type of building or process. With installations across Europe, the US, Middle East and Asia, solutions are provided through a network of resellers
Plant Optimisation Saves Energy
Can the coating dry more quickly? Is it possible to reduce the rejection rate? Does the plant use too much energy? Many companies ask themselves questions like these. Energy and material costs are important considerations for industrial companies who wish to maintain or improve their competitiveness. At the same time, the optimisation of existing plant can often be the more sensible and cost-effective option over installing new plant. A