Energy Harvesting System Market size is expected to reach USD 1016.80 Mn by 2030, growing at a CAGR of 7.8% during the forecast period. An energy harvesting system, also known as power harvesting or energy scavenging, converts energy from the environment into usable electricity to power electronic devices. This allows electronics to operate without a conventional power source, like wires or batteries. The widespread use of IoT devices in automation, the expansion of urban areas, the rising demand for reliable, safe, and long-lasting systems, the increasing popularity of green energy, the widespread adoption of energy harvesting technology in building and home automation, and supportive government policies are all anticipated to contribute to the growth of the market during the forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:- Request Free Sample Report
Energy Harvesting System Market Dynamics
Energy harvesting is a process of harvesting a miniature quantity of energy generated or originated from unconventional energy sources. An energy harvesting system comprises electronic circuits and sensing elements. The energy harvesting system uses alternative energy sources to charge the transducer, which is converted into electricity and stored in a battery unit. The report analyses factors like drivers, restrain, and challenges, which affect the market from the demand and supply side, and further evaluates market dynamics during the forecast period. Increasing demand for safe, power-efficient, and durable systems that require a minimum and less maintenance. Implementation of IoT devices in automation and energy harvesting technology in building and home automation are driving the growth in the Global Energy Harvesting System Market. The growing trend for green energy and favourable initiatives by the governments is booming the Global Energy Harvesting System Market. High capital cost, energy harvesting devices and lack of awareness about energy harvesting are limiting the market growth. Transducers are projected to contribute considerably to the growth in the energy harvesting system market owing to the increasing adoption of transducer devices such as photovoltaic cells and piezoelectric devices which produce energy for low-power devices. The devices are mostly used in building and home automation applications to power devices such as residence sensors, smoke detectors, heaters, lighting control devices, switches, and gateways.Energy Harvesting System Market Segment Analysis
The building and home automation segment is expected to hold a significant market share in the Global Energy Harvesting System Market owing to the increasing adoption of energy harvesting devices. The advent of wireless sensor networks is the major innovation in the energy systems market that charges based on artificial light and daylight on a photovoltaic cell. The control algorithm is realistic to the home automation system. Based on Technology, the Light Energy Harvesting segment held the largest market share in 2023 and is expected to continue its dominance during the forecast period. The growing emphasis on sustainable energy solutions and advancements in photovoltaic cells are continuously contributing to the growth of the segment within the energy harvesting system market.The increasing deployment of solar panels and light-harvesting devices across various industries, including consumer electronics and industrial automation has led to an increase in demand for the light-harvesting technology. Leading players like EnOcean, SolarEdge, and Panasonic are pioneering innovations in this field, enhancing the efficiency of light energy conversion. For instance, recent developments have pushed photovoltaic cell efficiencies beyond 20%, significantly improving the power output of energy-harvesting systems. Additionally, the adoption of smart sensors that utilize light energy harvesting is expected to grow by over 25% annually, highlighting the accelerating shift towards greener energy solutions. The technology's ability to provide a reliable and renewable power source without the need for frequent battery replacements or extensive maintenance is further fueling the dominance in the energy harvesting system market.Energy Harvesting System Market Ecosystem
Energy Harvesting System Market Regional Insights
The report provides a detailed overview of the Global Energy Harvesting System Market including regional analysis information. Geographically, North America is estimated to dominate the growth in the Global Energy Harvesting System Market. The growth can be attributed to the rapid technological developments in this region. A huge investment in building automation infrastructure with the use of renewable energy is driving growth in the energy harvesting systems market. The U. S. is contributing a large market share in this region owing to the booming industrial and transportation sector, which is impacted by the administration, to make the country an energy independent state.Energy Harvesting System Market, Key Highlights:
1. Global market analysis and forecast, in terms of value. 2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market 3. Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. 4. Global market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study. 5. Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. 6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. 7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.Energy Harvesting System Market Scope: Inquire before buying
Energy Harvesting System Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 601.04 Mn. Forecast Period 2024 to 2030 CAGR: 7.8% Market Size in 2030: USD 1016.80 Mn. Segments Covered: By Component Transducers Power Management Integrated Circuits Secondary Batteries By Technology Light Energy Harvesting Vibration Energy Harvesting Thermal Energy Harvesting RF Energy Harvesting By End-User Building & Construction Consumer Electronics Industrial Automotive Others Energy Harvesting System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Energy Harvesting System Market Key Players:
1. LORD MicroStrain 2. Microchip Technology Inc. 3. O-Flexx Technologies GmbH 4. Cymbet Corporation 5. Cypress Semiconductor Corporation 6. Enocean GmbH 7. Fujitsu 8. Greenpeak Technologies B.V. 9. ABB, Advanced Linear Devices, Inc. 10. Arveni 11. Bionic Power Inc. 12. Convergence Wireless 13. greenTEG AG 14. General Electric 15. Honeywell International Inc. 16. Kinergizer 17. Linear Technology 18. Piezo Systems, Inc. 19. Powercast Corporation 20. Stmicroelectronics N.V. 21. Texas Instruments Incorporated 22. Voltree Power Inc Frequently Asked Questions: 1. Which region has the largest Global market share? Ans: The North American region held the highest share in 2023. 2. What is the growth rate of the Global market? Ans: The Global market is growing at a CAGR of 7.8% during the forecasting period 2024-2030. 3. What is the scope of the Global market report? Ans: Global market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global market? Ans: The important key players in the Global market are – LORD MicroStrain, Microchip Technology Inc., O-Flexx Technologies GmbH, Cymbet Corporation, Cypress Semiconductor Corporation, Enocean GmbH, Fujitsu, Greenpeak Technologies B.V., ABB, Advanced Linear Devices, Inc., Arveni, Bionic Power Inc., Convergence Wireless, greenTEG AG, General Electric, Honeywell International Inc., Kinergizer, Linear Technology, Piezo Systems, Inc., Powercast Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, Voltree Power Inc. 5. What is the study period of this Market? Ans: The Global market is studied from 2023 to 2030.
1. Energy Harvesting System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Energy Harvesting System Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Energy Harvesting System Market: Dynamics 3.1. Energy Harvesting System Market Trends 3.2. Energy Harvesting System Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Technology Analysis 3.6.1. Impact of technology penetration on applications of energy harvesting systems 3.7. Regulatory Landscape 3.7.1. Analysis of Government Regulations & Standards by Region 3.7.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.8. Patent Analysis 3.8.1. Number of patents related to energy harvesting systems (2013-2022) 4. Energy Harvesting System Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 4.1.1. Transducers 4.1.2. Power Management Integrated Circuits 4.1.3. Secondary Batteries 4.2. Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 4.2.1. Light Energy Harvesting 4.2.2. Vibration Energy Harvesting 4.2.3. Thermal Energy Harvesting 4.2.4. RF Energy Harvesting 4.3. Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 4.3.1. Building & Construction 4.3.2. Consumer Electronics 4.3.3. Industrial 4.3.4. Automotive 4.3.5. Others 4.4. Energy Harvesting System Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Energy Harvesting System Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 5.1. North America Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 5.1.1. Transducers 5.1.2. Power Management Integrated Circuits 5.1.3. Secondary Batteries 5.2. North America Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 5.2.1. Light Energy Harvesting 5.2.2. Vibration Energy Harvesting 5.2.3. Thermal Energy Harvesting 5.2.4. RF Energy Harvesting 5.3. North America Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 5.3.1. Building & Construction 5.3.2. Consumer Electronics 5.3.3. Industrial 5.3.4. Automotive 5.3.5. Others 5.4. North America Energy Harvesting System Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 5.4.1.1.1. Transducers 5.4.1.1.2. Power Management Integrated Circuits 5.4.1.1.3. Secondary Batteries 5.4.1.2. United States Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 5.4.1.2.1. Light Energy Harvesting 5.4.1.2.2. Vibration Energy Harvesting 5.4.1.2.3. Thermal Energy Harvesting 5.4.1.2.4. RF Energy Harvesting 5.4.1.3. United States Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 5.4.1.3.1. Building & Construction 5.4.1.3.2. Consumer Electronics 5.4.1.3.3. Industrial 5.4.1.3.4. Automotive 5.4.1.3.5. Others 5.4.2. Canada 5.4.2.1. Canada Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 5.4.2.1.1. Transducers 5.4.2.1.2. Power Management Integrated Circuits 5.4.2.1.3. Secondary Batteries 5.4.2.2. Canada Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 5.4.2.2.1. Light Energy Harvesting 5.4.2.2.2. Vibration Energy Harvesting 5.4.2.2.3. Thermal Energy Harvesting 5.4.2.2.4. RF Energy Harvesting 5.4.2.3. Canada Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 5.4.2.3.1. Building & Construction 5.4.2.3.2. Consumer Electronics 5.4.2.3.3. Industrial 5.4.2.3.4. Automotive 5.4.2.3.5. Others 5.4.3. Mexico 5.4.3.1. Mexico Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 5.4.3.1.1. Transducers 5.4.3.1.2. Power Management Integrated Circuits 5.4.3.1.3. Secondary Batteries 5.4.3.2. Mexico Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 5.4.3.2.1. Light Energy Harvesting 5.4.3.2.2. Vibration Energy Harvesting 5.4.3.2.3. Thermal Energy Harvesting 5.4.3.2.4. RF Energy Harvesting 5.4.3.3. Mexico Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 5.4.3.3.1. Building & Construction 5.4.3.3.2. Consumer Electronics 5.4.3.3.3. Industrial 5.4.3.3.4. Automotive 5.4.3.3.5. Others 6. Europe Energy Harvesting System Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 6.1. Europe Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.2. Europe Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.3. Europe Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4. Europe Energy Harvesting System Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.1.2. United Kingdom Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.1.3. United Kingdom Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.2. France 6.4.2.1. France Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.2.2. France Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.2.3. France Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.3.2. Germany Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.3.3. Germany Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.4.2. Italy Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.4.3. Italy Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.5.2. Spain Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.5.3. Spain Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.6.2. Sweden Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.6.3. Sweden Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.7. Russia 6.4.7.1. Russia Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.7.2. Russia Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.7.3. Russia Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 6.4.8.2. Rest of Europe Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 6.4.8.3. Rest of Europe Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7. Asia Pacific Energy Harvesting System Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 7.1. Asia Pacific Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.2. Asia Pacific Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.3. Asia Pacific Energy Harvesting System Market Size and Forecast, by Payment Mode(2023-2030) 7.4. Asia Pacific Energy Harvesting System Market Size and Forecast, by Industry (2023-2030) 7.5. Asia Pacific Energy Harvesting System Market Size and Forecast, by Country (2023-2030) 7.5.1. China 7.5.1.1. China Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.1.2. China Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.1.3. China Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.2. S Korea 7.5.2.1. S Korea Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.2.2. S Korea Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.2.3. S Korea Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.3. Japan 7.5.3.1. Japan Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.3.2. Japan Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.3.3. Japan Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.4. India 7.5.4.1. India Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.4.2. India Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.4.3. India Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.5. Australia 7.5.5.1. Australia Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.5.2. Australia Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.5.3. Australia Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.6. ASEAN 7.5.6.1. ASEAN Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.6.2. ASEAN Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.6.3. ASEAN Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 7.5.7. Rest of Asia Pacific 7.5.7.1. Rest of Asia Pacific Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 7.5.7.2. Rest of Asia Pacific Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 7.5.7.3. Rest of Asia Pacific Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 8. Middle East and Africa Energy Harvesting System Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030) 8.1. Middle East and Africa Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 8.2. Middle East and Africa Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 8.3. Middle East and Africa Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 8.4. Middle East and Africa Energy Harvesting System Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 8.4.1.2. South Africa Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 8.4.1.3. South Africa Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 8.4.2. GCC 8.4.2.1. GCC Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 8.4.2.2. GCC Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 8.4.2.3. GCC Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 8.4.3. Rest of ME&A 8.4.3.1. Rest of ME&A Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 8.4.3.2. Rest of ME&A Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 8.4.3.3. Rest of ME&A Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 9. South America Energy Harvesting System Market Size and Forecast by Segmentation (by Value in USD Billion ) (2023-2030 9.1. South America Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 9.2. South America Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 9.3. South America Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 9.4. South America Energy Harvesting System Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 9.4.1.2. Brazil Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 9.4.1.3. Brazil Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 9.4.2.2. Argentina Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 9.4.2.3. Argentina Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Energy Harvesting System Market Size and Forecast, by Component (2023-2030) 9.4.3.2. Rest Of South America Energy Harvesting System Market Size and Forecast, by Technology (2023-2030) 9.4.3.3. Rest Of South America Energy Harvesting System Market Size and Forecast, by End-User (2023-2030) 10. Company Profile: Key Players 10.1. LORD MicroStrain 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Microchip Technology Inc. 10.3. O-Flexx Technologies GmbH 10.4. Cymbet Corporation 10.5. Cypress Semiconductor Corporation 10.6. Enocean GmbH 10.7. Fujitsu 10.8. Greenpeak Technologies B.V. 10.9. ABB, Advanced Linear Devices, Inc. 10.10. Arveni 10.11. Bionic Power Inc. 10.12. Convergence Wireless 10.13. greenTEG AG 10.14. General Electric 10.15. Honeywell International Inc. 10.16. Kinergizer 10.17. Linear Technology 10.18. Piezo Systems, Inc. 10.19. Powercast Corporation 10.20. Stmicroelectronics N.V. 10.21. Texas Instruments Incorporated 10.22. Voltree Power Inc 11. Key Findings & Analyst Recommendations 12. Energy Harvesting System Market: Research Methodology 12.1.1. Top-Down Approach 12.1.2. Bottom-up Approach
