Energy Harvesting System Market
Global Energy Harvesting System Market Research By Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, and Thermal Energy Harvesting), and By End-User (Building and Home Automation, Consumer Electronics, Industrial, Transportation & Logistics and Other) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global energy harvesting system market is growing at a considerable CAGR of 8.0% during the forecast period. Increasing research activity, rising expenditure in infrastructure development are considered as the prime factors affecting and driving the market. Additionally, the increasing focus associated with energy harvesting system adoption in a rural area along with growing favorable initiatives by governments, are also estimated to be the key factors that are contributing significantly towards the growth of the market. However, the high cost of investment is the major factor constraint that is hindering the growth of the global energy harvesting system market.
Moreover, increasing benefits from the adoption of sensors in wearable electronics is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global energy harvesting system market. For instance, in May 2021, EnOcean GmbH that is considered as one of the developers of energy harvesting wireless technology had introduced the PTM 535BZ module that is regarded as its new range of transmitter modules for battery-free switch applications.
Impact of COVID-19 Pandemic on the Global Energy Harvesting System Market
The global energy harvesting system market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had brought a lot of disruption across the globe. Moreover, various manufacturing activities were shut down that delayed the making of new energy harvesting modules along with products that have adversely impacted the growth of the market.
Segmental Outlook
The global energy harvesting system market is segmented based on technology and end-user. Based on technology, the market is segmented into Light energy harvesting, Vibration energy harvesting, Radio frequency energy harvesting, and Thermal energy harvesting. Further, based on end-user the market is segmented into Building and home automation, Consumer electronics, Industrial, Transportation & Logistics, and other (Security).
Global Energy Harvesting System Market Share by Technology 2020 (%)
Based on the technology segment, building and home automation hold a significant share in the market. This is owing to the increasing usage of the Internet of Things (IoT) along with wireless sensor networking. Additionally, the implementations of power-efficient systems along with growing awareness about green and clean energy are some other factors that are driving the growth of the segment in the market.
Regional Outlooks
The global energy harvesting system market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global energy harvesting system market. Some factors that are boosting the market growth in North America are increasing R&D investment; increasing government initiatives related to the adoption of clean energy sources along with the existence of a large number of players in the region. Moreover, in Europe investment in R&D in the automotive industry and storage units of energy harvesting systems is considered as prime factors that are driving the growth of the market in the region.
Global Energy Harvesting System Market, by Region 2021-2027
Asia-Pacific will have Considerable Growth in the Global Energy Harvesting System Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing initiatives by government across the region is likely to drive the growth of the regional market. Additionally, key market companies expanding their reach along with rising health care expenditure in this region, especially in South Korea, China and India are also impacting the market. Moreover, increase in R&D funding and activities for a better outcome is another factor that is also affecting the growth of the market.
Market Player Outlook
Key players of the global energy harvesting system market are EnOcean GmbH, Cymbet, STMicroelectronics, e-peas, Bionic Power Inc. To survive in the market, these players adopt different marketing strategies such as product launches and mergers and acquisitions. For instance, in February 2020, Cymbet along with Axzon has set forth to combine their technologies in order to make the lowest power Internet of Things (IoT) sensor. This would allow regular monitoring along with data logging of key environmental conditions during the process of the logistics chain of perishable goods that includes meat, produce, and medications. Through the support of Xerxes-II IC, it protects the data integrity along with providing low cost, low profile, and highly scalable solutions.
In June 2019, Cymbet had introduced its next generation of Power Management with RTC (PMRTC) products for the purpose to increase its product portfolio. The new product consists of ultra-low-power Real-Time Clock (RTC) along with power management. For the various backup sources, the new PMRTC product supports charging voltage options. Many packaging options are also offered from die to fully integrated devices with EnerChip battery as a complete customer solution.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global energy harvesting system market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Energy Harvesting System Industry
• Recovery Scenario of Global Energy Harvesting System Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Energy Harvesting System Market by Technology
5.1.1. Light energy harvesting
5.1.2. Vibration energy harvesting
5.1.3. Radio frequency energy harvesting
5.1.4. Thermal energy harvesting
5.2. Global Energy Harvesting System Market by End-User
5.2.1. Building and home automation
5.2.2. Consumer electronics
5.2.3. Industrial
5.2.4. Transportation & Logistics
5.2.5. Other(Security)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. II-VI Inc.
7.2. ABB Ltd.
7.3. Analog Devices, Inc.
7.4. Bionic Power Inc.
7.5. Cymbet
7.6. Cypress Semiconductor Corp.
7.7. EnOcean GmbH.
7.8. e-peas
7.9. FUJITSU
7.10. G24 Power Ltd.
7.11. Nowi B.V.
7.12. Schneider Electric
7.13. STMicroelectronics
7.14. Texas Instruments Inc.
7.15. Powercast Corp.
7.16. Voltree Power, Inc.
1. GLOBAL ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS, 2020-2027 ($ MILLION)
2. GLOBAL ENERGY HARVESTING SYSTEM MARKET BY TECHNOLOGY, 2020-2027 ($ MILLION)
3. GLOBAL LIGHT ENERGY HARVESTING MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL VIBRATION ENERGY HARVESTING MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL RADIO FREQUENCY ENERGY HARVESTING MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL THERMAL ENERGY HARVESTING MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL ENERGY HARVESTING SYSTEM MARKET BY END-USER, 2020-2027 ($ MILLION)
8. GLOBAL BUILDING AND HOME AUTOMATION MARKET BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL CONSUMER ELECTRONICS MARKET BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL INDUSTRIAL TRANSPORTATION MARKET BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL TRANSPORTATION& LOGISTICS MARKET BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL OTHER MARKET BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
17. EUROPEAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
19. EUROPEAN ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
23. REST OF THE WORLD ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
24. REST OF THE WORLD ENERGY HARVESTING SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL ENERGY HARVESTING SYSTEM MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL ENERGY HARVESTING SYSTEM MARKET SHARE BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL ENERGY HARVESTING SYSTEM MARKET, 2021-2027 (%)
4. GLOBAL ENERGY HARVESTING SYSTEM MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
5. GLOBAL ENERGY HARVESTING SYSTEM MARKET SHARE BY END-USER, 2020 VS 2027 (%)
6. GLOBAL ENERGY HARVESTING SYSTEM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL LIGHT ENERGY HARVESTING MARKET BY REGION, 2020 VS 2027 (%)
8. GLOBAL VIBRATION ENERGY HARVESTING MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL RADIO FREQUENCY ENERGY HARVESTING MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL THERMAL ENERGY HARVESTING MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL BUILDING AND HOME AUTOMATION MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL CONSUMER ELECTRONICS MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL INDUSTRIAL MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL TRANSPORTATION& LOGISTICS MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL OTHER MARKET BY REGION, 2020 VS 2027 (%)
16. US ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
18. UK ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD ENERGY HARVESTING SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
