A recent report published by Infinium Global Research on energy harvesting market provides in-depth analysis of segments and sub-segments in the global as well as regional energy harvesting market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional energy harvesting market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global energy harvesting market.
Energy harvesting is the process that allows devices to capture energy from the surrounding environment and convert it into electricity. This electricity can then be either stored or used right away, depending on the requirements. Traditionally, electricity is supplied by either a power plant or a battery, which requires electrical wiring and replacement batteries. However, in recent years, the concept of using ambient energy in the forms of light, vibration, heat, radio waves, etc. has become increasingly attractive, and several methods to produce electricity from these different kinds of energy sources have been developed. Energy harvesting technology would eliminate the need for replacing batteries and power cords. Energy harvesting has a wide range of applications beyond just powering IoT devices. In smart cities, it can help reduce the stress on the main power grid by providing power to devices like waste disposal systems, street lights, and parking sensors. These benefits contribute to lowering the overall cost of power in the city, making energy harvesting an increasingly attractive technology. There are various types of energy harvesting technologies, each based on the specific energy source. However, at their core, all energy harvesting systems consist of three main components: transducer/harvester, interface circuit, and load.
Green building and smart city initiatives are contributing to the growth of the energy harvesting market. These initiatives prioritize sustainability and efficiency, driving the adoption of innovative technologies that minimize environmental impact. Energy harvesting systems play a crucial role in these projects by providing a renewable power source for various applications as well as powering sensors and monitoring devices. As investment in green infrastructure and smart city projects is growing, the demand for energy harvesting solutions is expected to rise, supporting the market's growth in the forecasted period. Further, the increasing demand for smaller and more flexible energy harvesting systems is stimulating market growth. Modern electronic devices and applications, such as wearable technology, portable gadgets, and flexible electronics, require compact and adaptable power sources. Energy harvesting systems that can be integrated into these devices without compromising their functionality are highly sought after. Advances in material science and engineering have led to the development of more efficient and versatile energy harvesting technologies, meeting the growing need for miniaturization and flexibility. This trend is likely to continue, further boosting the energy harvesting market.
However, the limited power output of energy harvesting systems can hamper the growth of the energy harvesting market. Energy harvesting technologies typically produce relatively low amounts of energy, which may not be sufficient for high-power applications. This limitation restricts their use to low-power devices and applications, potentially slowing the broader adoption of energy-harvesting solutions. Nonetheless, the proliferation of IoT devices and wireless sensor networks can provide lucrative opportunities for the growth of the energy harvesting market. IoT devices and sensors are often deployed in remote or hard-to-reach locations where traditional power sources are impractical. Energy harvesting systems offer an ideal solution by providing a sustainable power source. As the IoT ecosystem expands, with applications spanning smart homes, industrial automation, healthcare, and environmental monitoring, the demand for reliable and efficient energy harvesting solutions is expected to witness significant growth in the forecasted period.
The global energy harvesting market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. Among the regions, the North America region is expected to grab a significant share of the market during the forecasted period. This is attributed to the region's strong focus on technological innovation and the adoption of energy harvesting systems in home automation, industrial, and transportation applications. Additionally, supportive government policies and initiatives aimed at promoting renewable energy and sustainability contribute to the region's market growth. The increasing adoption of energy-efficient systems in residential, commercial, and industrial applications drives the robust demand for energy-harvesting solutions in North America. Moreover, the Asia Pacific region is expected to witness a rapid growth rate during the forecasted period. Emerging economies such as China and India are increasingly adopting renewable energy technologies to address energy security and environmental concerns. The region's booming electronics industry and the widespread deployment of IoT devices create a robust demand for energy harvesting solutions. Government initiatives supporting smart infrastructure and sustainable development further propel the market. As urbanization and industrialization continue to accelerate in the Asia Pacific, the energy harvesting market is anticipated to witness a significant growth rate.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 716.77 Million |
| Market Size by 2032 | USD 2,054.49 Million |
| Growth Rate from 2024 to 2032 | CAGR of 12.49% |
| Largest Market | North America |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Technology, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global energy harvesting market provides a detailed analysis of segments in the market based on Technology, and Application.
· Light Energy Harvesting
· Vibration Energy Harvesting
· RF Energy Harvesting
· Thermal Energy Harvesting
· Consumer Electronics
· Building & Home Automation
· Industrial Sector
· Transportation Sector
· Other Applications
· EnOcean GmbH
· STMicroelectronics
· Texas Instruments Incorporated
· Powercast
· Mouser Electronics, Inc.
· Perpetua Power by Grace Technologies
· Mide Technology Corporation
· Kinergizer
· Renesas Electronics Corporation
· Advanced Linear Devices, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the energy harvesting market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.