Energy Harvesting System Market

Energy harvesting, also known as energy scavenging or micro energy harvesting, is the process of capturing and conversing readily available energy in the environment into usable electrical energy. Energy harvesting systems convert energy derived from external sources including solar power, thermal energy, wind energy, salinity gradients, and kinetic energy into electrical energy. EH systems generally include circuitry to charge an energy storage cell and manage the power, which is then used to power up various devices such as consumer electronics, home appliances, wireless sensor nodes, implantable biosensors, and military equipment. The global market for energy harvesting has been segmented on the basis of technology, component, application, end-use system, and by geographical region.

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The key factors, including the extensive use of IoT devices in automation, the increasing demand for power-efficient and sustainable systems, growing trend for green energy, along with the availability of the plenty renewable energy sources such as the ocean, tidal, and the wind energy, are contributing to the growth of the energy harvesting system market. Growing expenditure in infrastructure and industry development, increasing awareness regarding green energy trend and favorable initiatives taken by various governments to minimize CO2 emissions from buildings are some of the factors that are expected to augment the demand for energy harvesting technology in construction and home automation.

The energy harvesting system provides an alternative source of power for applications in locations having no grid power connectivity, frequent power cuts, and inefficiency in installing wind turbines or solar panels. This factor is anticipated to further propel the market growth of energy harvesting system during the forecast period. The emergence of improved and advanced energy harvesting technology that allows the connected devices to be virtually operated without any adverse effects on the environment is one of the prominent driver for the growth of the market. However, lack of knowledge about usage of the energy harvesting devices, higher initial cost, and limitations of remotely installed networking modules are expected to restrain the growth of the global energy harvesting system market.

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Based on technology, the market is segmented into light, vibration, radio frequency, and thermal. The light energy harvesting system market is expected to grow at a higher CAGR over the forecast period. This is attributed to the easy availability of the light energy and the utilization of the solar energy harvesting technology for powering a range of devices, including connected sensors, control nodes, IoT devices, and other embedded applications. Additionally, the growing number of manufacturers of solar energy-based products is further augmenting market growth.

Based on the component, the market is segmented into transducers, PMIC (power management integrated circuit), and secondary batteries. The transducers segment is projected to witness a faster CAGR during the forecast period. The advancement in the production of smaller transducers through MEMS (micro-electromechanical system) and miniaturisation technique proved to be an effective alternative to primary batteries. Furthermore, the availability of various types of transducers radio frequency (RF) transducer, thermoelectric transducer, piezoelectric transducer, electromagnetic transducer, and photovoltaic or photoelectric transducer is a major factor that is energizing the demand of the segment.

Based on application, the market is segmented into building & home automation, consumer electronics, industrial, transportation, and security. The building & home automation segment is forecasted to grow at a higher CAGR primarily due to the growing building infrastructure industry, coupled with the increasing adoption of wireless sensor networking (WNS) and the Internet of Things (IoT) for home automation, security, and control systems. In addition to this, the increasing production of solar products for building automation, home appliances, and smart security applications in buildings are anticipated to support the growth of the market over the forecast period. The growing need for improving energy management in buildings has led to an increase in the adoption of energy harvesting systems in schools, residential buildings, commercial spaces, industrial infrastructures, hotels, malls, and other buildings, thereby contributing to the growth of the market.

Based on the end-use system, the market is segmented into wireless switching system, wireless HVAC system, wireless sensing and telematics system, tire pressure monitoring system, asset tracking system, remote health monitoring system, and regenerative energy harvesting system. The wireless HVAC system is expected to grow at a faster CAGR during the forecast period. The growing number of residential and commercial infrastructures, coupled with the increasing installation of advanced HVAC systems in the buildings, are the two major factors that are responsible for the growth of the segment.

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Based on the region, North America is projected to dominate the energy harvesting system market owing to the growing awareness about energy efficiency and the increasing use of renewable sources of energy for powering electronic devices among consumers in the region. Additionally, rapid economic development, high disposable income of the population, coupled with growing penetration of building automation in the construction sector including residential buildings, commercial structures, healthcare facilities, and industrial buildings in the North America region, are further supporting the market growth.

Various notable players operating in the global Energy Harvesting System market, include, Honeywell International Inc., ABB Ltd., Fujitsu Limited, STMicroelectronics N.V., General Electric Company, Advanced Linear Devices, Inc., Convergence Wireless, Powercast Corporation, Microchip Technology, Inc., and Texas Instruments Incorporated among other.

 Key Developments: 

• • In 2020, EnOcean GmbH, one of the leading companies in energy harvesting market, developed a new solar-powered multisensory for building automation and the Internet of Things (IoT). The new STM 550 multi sensor family developed by the company combines temperature, humidity, lighting, acceleration and magnetic contact sensors in a small case. The integrated solar cell in the sensor supplies itself with energy independently and stores it for uninterrupted operation over several days with little or no light. This product development is expected to enhance the product portfolio of the company.
  • In 2019, EnOcean GmbH introduced energy harvesting wireless switches and sensors that are developed to provide the data needed for an optimised usage of building space and monitoring internal environments. These flexible, self-powered, and maintenance-free energy harvesting solutions are also the ideal home automation and for the emerging trend of modular homes. This is expected to enhance the product portfolio of the company.
  • In 2018, Fujitsu Electronics Europe (FEEU) has partnered with the Belgian manufacturer e-peas, one of the leading providers of energy harvesting and processing solutions for acquiring energy-harvesting components form e-peas. These energy harvesting components support a wide range of energy sources such as photovoltaic, thermal, vibration or RF. With this partnership, FEEU has extended its product portfolio in the energy harvesting market.

The global Energy Harvesting System market has been segmented on the basis of technology, component, application, end-use system, and regions. Based on the technology, the market is segmented into light, vibration, radio frequency, and thermal. Based on component, the market is segmented into transducers, PMIC (power management integrated circuit), and secondary battery. The transducer is further segmented into photovoltaic, electrodynamic, piezoelectric, and electromagnetic, thermoelectric, radio frequency (RF) transducer. Based on application, the market is segmented into building & home automation, consumer electronics, industrial, transportation, and security. Based on the end-use system, the market is segmented into wireless switching system, wireless HVAC system, wireless sensing and telematics system, tire pressure monitoring system, asset tracking system, remote health monitoring system, and regenerative energy harvesting system

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Key questions answered in this research report:

• • At what pace is global Energy Harvesting System market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Energy Harvesting System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Energy Harvesting System market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various applications of global Energy Harvesting System market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Component, By Application, and  By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., ABB Ltd., Fujitsu Limited, STMicroelectronics N.V., General Electric Company, Advanced Linear Devices, Inc., Convergence Wireless, Powercast Corporation, Microchip Technology, Inc., and Texas Instruments Incorporated among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Energy Harvesting System Market by Technology

• • Light Energy Harvesting
  • Vibration Energy Harvesting
  • Radio Frequency (RF) Energy Harvesting
  • Thermal Energy Harvesting

Global Energy Harvesting System Market by Component

• • Transducers
  • Photovoltaic Transducer
  • Electrodynamic, Piezoelectric, and Electromagnetic Transducer
  • Thermoelectric Transducer
  • Radio frequency (RF) Transducer
  • PMIC (Power Management Integrated Circuit)
  • Secondary Battery

Global Energy Harvesting System Market by Application

• • Building & Home Automation
  • Consumer Electronics
  • Industrial
  • Transportation
  • Security

Global Energy Harvesting System Market by End-Use System

• • Wireless Switching System
  • Wireless HVAC System
  • Wireless Sensing And Telematics System
  • Tire Pressure Monitoring System
  • Asset Tracking System
  • Remote Health Monitoring System
  • Regenerative Energy Harvesting System

Global Energy Harvesting System Market by Region

• • North America Energy Harvesting System Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Component
    • North America Market by Application
    • North America Market by End-Use System
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Energy Harvesting System Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Component
    • Europe Market by Application
    • Europe Market by End-Use System
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Energy Harvesting System Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End-Use System
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Energy Harvesting System Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Technology
    • RoW Market by Component
    • RoW Market by Application
    • RoW Market by End-Use System
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Energy Harvesting System Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • ABB Ltd.
  • Fujitsu Limited
  • STMicroelectronics N.V.
  • General Electric Company
  • Advanced Linear Devices, Inc.
  • Convergence Wireless
  • Powercast Corporation
  • Microchip Technology, Inc.
  • Texas Instruments Incorporated