The report
"Energy Harvesting System Market with
COVID-19 Impact Analysis by technology (light, vibration, RF, thermal),
component, application (home and building automation, consumer electronics,
industrial and security) and region - Global Forecast to 2026" The energy
harvesting system market is estimated to be worth USD 468 million in 2021 and
is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %.
Growing demand for
safe, power-efficient, and durable systems that require minimum or no
maintenance surging implementation of IoT devices in automation and energy
harvesting systems for building and home automation increasing trend for green
energy and favorable initiatives by governments rising adoption of wireless
sensor networks equipped with energy harvesting systems are some of the prominent
factors for the growth of the energy harvesting system market globally.
Light energy
harvesting to hold the largest market share during the forecast period in the
energy harvesting system market
The light energy
harvesting technology segment, especially the solar energy harvesting
technology segment, held the largest market size in 2020, and the same trend is
likely to continue in the next few years owing to the increase in the
manufacturing of solar-based products and the growing efficiency of photovoltaic
cells. Solar energy is the most widely available natural resource that can be
easily converted into electricity. The vibration energy harvesting segment is
expected to account for the second-largest share of the market owing to the use
of products such as piezoelectric devices in various applications, such as
industrial and transportation.
The use of
energy harvesting systems for building and home automation application is
expected to witness the highest growth rate during the period 2021 and 2026
In 2020, the
building and home automation application accounted for the largest share of the
energy harvesting system market, in terms of value, owing to the increasing
adoption rate of wireless sensor networking (WNS) and Internet of Things (IoT)
for home automation and control systems, which implement energy harvesting
devices and sensors. The industrial application held the second-largest size of
the market for energy harvesting systems used in industrial sensors for
measurement and control.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=734
Americas to
hold the largest share of the energy harvesting system market during the
forecast period
The Americas is
expected to dominate the energy harvesting system market, followed by Europe,
in the near future. This growth in the Americas can be attributed to the high
adoption of energy harvesting technology in building automation, industrial
sensor networks, and transportation.
The report profiles
key players such as ABB, Linear Technology, Convergence Wireless, Cymbet,
EnOcean, Fujitsu, Honeywell, ST Microelectronics, Powercast Corporation and
Texas Instruments.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
“Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers,
write “Attack, avoid and defend” strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive
intelligence and market research platform, “Knowledgestore” connects over
200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment