Fairfield Market Research Energy Harvesting Systems Market Size, Share, Growth, 2030

Energy Harvesting Systems Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Energy & Natural Resources


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Adoption of IoT Devices in Automation, and Energy Harvesting Systems Increases for Building and Home Automation

Rising demand for safe, power-efficient, and long-lasting systems that require little, or no maintenance is predominantly driving the growth of energy harvesting systems market. Moreover, rising implementation of IoT devices in automation and energy harvesting systems for building and home automation is also likely to push market growth in the near future. The rising boom around green energy, complemented by favourable government initiatives toward the establishment of the renewables sector, will further boost expansion of global energy harvesting systems market. The rising use of wireless sensor networking, and the deepening penetration of IoT for control systems and for home automation that use sensors and energy harvesting devices has boosted the global energy harvesting systems market.

Harvesting energy from the environment is an attractive alternative to battery-operated systems, especially for long-term, low-power, and self-sustaining electronic systems. The world is now positioned in the first stages of the Fourth Industrial Revolution, complete with IoT-enabled devices, and non-IoT connected devices numbering in the billions. According to a report, there will be just over 10 billion non-IoT active devices by 2025. Here’s where the challenge comes in: those 10 billion devices need energy currently supplied by batteries. Installing, maintaining, and replacing billions (maybe even trillions) of batteries is a big logistical nightmare. In addition, improperly discarded lithium-ion (Li-Ion) batteries leak into the soil at landfills and cause air contamination. They have even been reported to have exploded and caused fires.

Another problem is the expectation that many lithium-ion raw materials will be scarce by the middle of this century. One alternative that is currently emerging is the zinc-ion battery, which is not as caustic and explosive and is made up of raw materials that are still quite plentiful. However, it is still a battery. According to ONiO, a healthcare-focused semiconductor company that brings self-powered, battery-less solutions to the IoT market: globally, we use about 607 quintillion joules of energy each year. Our energy needs are only increasing, with our rapid population growth, and global energy expenditure is expected to be around 777 quintillion joules by the year 2040. These are mind-bending figures, and it is no wonder then that issues of energy and energy shortage feature so prominently in global policymaking.

Because of these nearly unfathomable numbers and the fact that many of our energy sources are finite, we are constantly hearing about the need for renewable, environmentally friendly energy sources. This is when energy harvesting steps in. Access to low-cost, low-power sensor technologies, availability of high-speed connectivity, increased cloud usage, and increased use of data processing and analytics are the primary reasons driving the use of IoT. A surge in smart city projects around the world, an increase in connected devices to promote IoT development, and forthcoming 5G technology to aid IoT adoption would all create attractive prospects for IoT. There were more than 10 billion active IoT devices in 2021. However, the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, with the growing number of IoT devices, the energy harvesting systems market will propel in the coming years.

Another factor contributing to the growth of energy harvesting systems market is the increase in the number of smart homes. The increasing importance of home monitoring in remote locations and growing concern about safety, security, and convenience among the general population, the increasing number of internet users and growing adoption of smart devices, as well as the growing need for energy-saving and low carbon emission-oriented solutions, have all contributed to the increased demand for smart home systems. Globally, there are an estimated 175 million smart homes, with the United States predicted to have 63 million connected homes by the end of 2022. The total number of smart homes is expected to surpass 350 million by 2024. With the growing number of smart homes, the demand for energy harvesting systems will also increase due to their capability to function in harsh environments.

Building and Home Automation Segment Will Dominate Market due to Growing Number of Smart Homes

The building and home automation application accounted for the largest share of the energy harvesting systems market in terms of value in the forecast period because of the increasing adoption rate of wireless sensor networking (WNS) and IoT for home automation and control systems, which implement energy harvesting devices and sensors. Increased acceptance of automated services and government incentives for green efforts are favourable for the growth of the home automation segment. The necessity for energy-efficient solutions, as well as an increase in demand for home safety and security, are projected to drive demand for home automation, thereby accelerating the growth of energy harvesting systems market.

North America will Acquire Major Share due to Rapid Technological Advancement

North America holds the largest revenue share in energy harvesting system markets. With the North American region's continued rapid technological innovations, it has become the most critical market for building and home automation investments, which use renewable energy and support the growth of the energy harvesting systems market. In comparison to other areas, the North American market is seeing a high adoption of industrial IoT, which is increasing the demand for energy harvesting systems. This expansion is aided further by government measures to reduce energy emissions from old and public buildings.

The United States accounted for most of the North American revenue. The market is predicted to increase significantly because of the flourishing industrial and transportation sectors, which are influenced by the administration's goal of making the country energy independent. As per the Solar Energy Industries Association's (SEIA) US Solar Market Insight 2022, in Q1 2022, the United States installed 3.9 gigatonnes (GWdc) of solar PV capacity, bringing the total installed capacity to 126.1 GWdc, enough to power 22 million American homes. With this Solar accounted for half of all new electricity-generating capacity added in the United States in Q1. All of these reasons have combined to make the United States the top-ranking energy harvesting systems market.

Asia Pacific is expected to have the fastest market growth rate in terms of value. Energy harvesting system use is fast increasing in Asia Pacific. Rising demand for electricity in industrial applications, as well as increased demand for ultra-low power devices to conserve energy, boost demand for energy harvesting systems across the region. China, Japan, India, and South Korea are among the early users of energy harvesting systems. Asia Pacific countries have begun to set medium- to long-term renewable energy targets in order to promote the use of renewable energies for electricity generation. According to the ASEAN Plan of Action for Energy Cooperation (APAEC) Target Scenario, renewable energy will account for 22 percent of total final energy consumption in 2030 and 26 percent in 2040. With the growing use of renewable energy in the region the energy harvesting systems market will flourish in the region in the approaching years.

Global Energy Harvesting Systems Market: Competitive Landscape

Key companies in global energy harvesting systems market are introducing new products as well as forming collaborations, alliances, and partnership agreements. In May 2021, the PTM 535BZ module, the newest addition to EnOcean's battery-free switch transmitter module family, was announced. PTM 535BZ is the first module to offer a combination of supported wireless protocols in the 2.4 GHz radio band, including the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications. In October 2020, Robots from ABB were utilized in Singapore's coronavirus testing system. The company's robots are employed as part of the city-Rapid state's Automated Volume Enhancer testing system, which automates some of the human stages typically associated with sample processing. Two sets of the systems can process over 4,000 samples per day.

A few of the players in the energy harvesting systems market include ABB, Schneider Electric, Bionic Power, Inc., STMicroelectronics, Cymbet, EnOcean GmbH, Powercast Corp., Mahle GmbH, Analog Devices, Inc., and Texas Instruments, Inc.

Regional Classification of the Global Energy Harvesting Systems Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Energy Harvesting Systems Market

  • Energy Harvesting Systems Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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1. Executive Summary
     1.1. Global Energy Harvesting Systems Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                    2.2.1.1. Driver A
                    2.2.1.2. Driver B
                    2.2.1.3. Driver C
            2.2.2. Restraints
                    2.2.2.1. Restraint 1
                    2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-covid and Post-covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Regulatory Scenario
     2.7. Economic Analysis
     2.8. PESTLE

3. Global Energy Harvesting Systems Market Outlook, 2019 - 2030
     3.1. Global Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            3.1.1. Key Highlights
                    3.1.1.1. Light Energy Harvesting
                    3.1.1.2. Vibration Energy Harvesting
                    3.1.1.3. Radiofrequency (RF) Energy Harvesting
                    3.1.1.4. Thermal Energy Harvesting
     3.2. Global Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            3.2.1. Key Highlights
                    3.2.1.1. Building and Home Automation
                    3.2.1.2. Consumer Electronics
                    3.2.1.3. Industrial
                    3.2.1.4. Automotive & Transportation
                    3.2.1.5. Aerospace & Defense
                    3.2.1.6. Misc. (Including Security, etc.)
            3.2.2. BPS Analysis/Market Attractiveness Analysis
     3.3. Global Energy Harvesting Systems Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
            3.3.1. Key Highlights
                    3.3.1.1. North America
                    3.3.1.2. Europe
                    3.3.1.3. Asia Pacific
                    3.3.1.4. Latin America
                    3.3.1.5. Middle East & Africa
            3.3.2. BPS Analysis/Market Attractiveness Analysis

4. North America Energy Harvesting Systems Market Outlook, 2019 - 2030
     4.1. North America Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            4.1.1. Key Highlights
                    4.1.1.1. Light Energy Harvesting
                    4.1.1.2. Vibration Energy Harvesting
                    4.1.1.3. Radiofrequency (RF) Energy Harvesting
                    4.1.1.4. Thermal Energy Harvesting
     4.2. North America Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            4.2.1. Key Highlights
                    4.2.1.1. Building and Home Automation
                    4.2.1.2. Consumer Electronics
                    4.2.1.3. Industrial
                    4.2.1.4. Automotive & Transportation
                    4.2.1.5. Aerospace & Defense
                    4.2.1.6. Misc. (Including Security, etc.)
     4.3. North America Energy Harvesting Systems Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            4.3.1. Key Highlights
                    4.3.1.1. U.S.
                    4.3.1.2. Canada
            4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Energy Harvesting Systems Market Outlook, 2019 - 2030
     5.1. Europe Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Light Energy Harvesting
                    5.1.1.2. Vibration Energy Harvesting
                    5.1.1.3. Radiofrequency (RF) Energy Harvesting
                    5.1.1.4. Thermal Energy Harvesting
     5.2. Europe Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Building and Home Automation
                    5.2.1.2. Consumer Electronics
                    5.2.1.3. Industrial
                    5.2.1.4. Automotive & Transportation
                    5.2.1.5. Aerospace & Defense
                    5.2.1.6. Misc. (Including Security, etc.)
     5.3. Europe Energy Harvesting Systems Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. Germany
                    5.3.1.2. France
                    5.3.1.3. U.K.
                    5.3.1.4. Italy
                    5.3.1.5. Spain
                    5.3.1.6. Russia
                    5.3.1.7. Rest of Europe
            5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Energy Harvesting Systems Market Outlook, 2019 - 2030
     6.1. Asia Pacific Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Light Energy Harvesting
                    6.1.1.2. Vibration Energy Harvesting
                    6.1.1.3. Radiofrequency (RF) Energy Harvesting
                    6.1.1.4. Thermal Energy Harvesting
     6.2. Asia Pacific Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Building and Home Automation
                    6.2.1.2. Consumer Electronics
                    6.2.1.3. Industrial
                    6.2.1.4. Automotive & Transportation
                    6.2.1.5. Aerospace & Defense
                    6.2.1.6. Misc. (Including Security, etc.)
     6.3. Asia Pacific Energy Harvesting Systems Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. China
                    6.3.1.2. Japan
                    6.3.1.3. South Korea
                    6.3.1.4. India
                    6.3.1.5. Southeast Asia
                    6.3.1.6. Rest of Asia Pacific
            6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Energy Harvesting Systems Market Outlook, 2019 - 2030
     7.1. Latin America Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            7.1.1.Key Highlights
                    7.1.1.1. Light Energy Harvesting
                    7.1.1.2. Vibration Energy Harvesting
                    7.1.1.3. Radiofrequency (RF) Energy Harvesting
                    7.1.1.4. Thermal Energy Harvesting
     7.2. Latin America Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Building and Home Automation
                    7.2.1.2. Consumer Electronics
                    7.2.1.3. Industrial
                    7.2.1.4. Automotive & Transportation
                    7.2.1.5. Aerospace & Defense
                    7.2.1.6. Misc. (Including Security, etc.)
     7.3. Latin America Energy Harvesting Systems Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Brazil
                    7.3.1.2. Mexico
                    7.3.1.3. Rest of Latin America
            7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Energy Harvesting Systems Market Outlook, 2019 - 2030
     8.1. Middle East & Africa Energy Harvesting Systems Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Light Energy Harvesting
                    8.1.1.2. Vibration Energy Harvesting
                    8.1.1.3. Radiofrequency (RF) Energy Harvesting
                    8.1.1.4. Thermal Energy Harvesting
     8.2. Middle East & Africa Energy Harvesting Systems Market Outlook, by End-user, Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Building and Home Automation
                    8.2.1.2. Consumer Electronics
                    8.2.1.3. Industrial
                    8.2.1.4. Automotive & Transportation
                    8.2.1.5. Aerospace & Defense
                    8.2.1.6. Misc. (Including Security, etc.)
     8.3. Middle East & Africa Energy Harvesting Systems Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. GCC
                    8.3.1.2. South Africa
                    8.3.1.3. Rest of Middle East & Africa
            8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2022
     9.2. Competitive Dashboard
     9.3. Company Profiles
            9.3.1. ABB Ltd.
                    9.3.1.1. Company Overview
                    9.3.1.2. Product Portfolio
                    9.3.1.3. Financial Overview
                    9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            9.3.2. Analog Devices
            9.3.3. Cymbet Corporation
            9.3.4. Convergence Wireless
            9.3.5. Cedrat Technologies SA
            9.3.6. EnOcean
            9.3.7. Fujitisu
            9.3.8. Powercast Corporation
            9.3.9. STMicroelectronics
            9.3.10. Infineon Technologies
            9.3.11. Microchip Technology Inc.
            9.3.12. Laird Technologies, Inc.,
            9.3.13. Micropelt GmbH

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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