The energy harvesting system market is projected to reach USD 0.94 billion by 2030 from USD 0.61 billion in 2025, growing at a CAGR of 9.1% during the forecast period. This growth is driven by the increasing adoption of IoT-enabled devices, advancements in low-power electronics, expansion of smart cities, and rising demand for sustainable and energy-efficient solutions across industries.
Some of the major players in the energy harvesting
system market include STMicroelectronics (Switzerland), Microchip Technology
Inc. (US), Texas Instruments Incorporated (US), Analog Devices, Inc. (US),
Infineon Technologies AG (Germany). These players have incorporated various
organic and inorganic growth strategies, including collaborations,
acquisitions, product launches, and partnerships, to strengthen their footprint
and enhance market share in the energy harvesting system market.
Major Energy
Harvesting System companies include:
- STMicroelectronics
(Switzerland)
- Microchip
Technology Inc. (US)
- Texas
Instruments Incorporated (US)
- Analog
Devices, Inc. (US)
- Infineon
Technologies AG (Germany)
- Renesas
Electronics Corporation (Japan)
- EnOcean
GmbH (Germany)
- ABB
(Switzerland)
- Honeywell
International Inc. (US)
- Qorvo,
Inc. (US)
STMicroelectronics is a leading semiconductor
company with profound expertise in designing, manufacturing, and developing a
variety of semiconductor solutions. STMicroelectronics provides power
management integrated circuit solutions like solar charging IC and energy
harvesting, battery management IC, Gallium Nitride (GaN) power IC, DC-DC
switching converters, and AC-DC converters. STMicroelectronics has dedicated
foundry facilities in Italy, France, and Singapore. The company has more than a
thousand partners and over 200,000 customers globally for product and solution
development. STMicroelectronics places a great emphasis on research and
development activities. In 2023, the company invested 12.2% of its revenue in
research and development activities. It possesses a strong patent portfolio of
over 19,500 patents and pending patent applications, which corresponds to
approximately 9,300 patent families (each with all patents derived from the
same invention). The company has distributors in the Americas, Europe, Asia
Pacific, and the Middle East & Africa.
Microchip Technology Inc. is among the leaders in
providing microcontroller, analog, and mixed-signal semiconductor solutions,
with a good market presence in the energy harvesting system market. Microchip
Technology Inc. has a broad portfolio of solutions for optimizing energy harvesting
and power management in various applications. Microchip's energy harvesting
products feature ultra-low-power microcontrollers (MCUs), power management ICs,
energy storage components, and sensor interfaces, all designed to optimize the
performance and efficiency of energy harvesting systems. Microchip's PIC
microcontrollers and dsPIC digital signal controllers are specifically designed
for low-power applications, allowing efficient energy harvesting from sources
such as solar, vibration, and thermal energy. Furthermore, Microchip's MCP1602
boost converter and MIC5365 LDO regulators are the core devices employed in
energy harvesting solutions, providing reliable power delivery even during low
energy conditions. Energy harvesting evaluation boards and development tools
from the company are also available to assist engineers in designing and
deploying robust, energy-efficient solutions for IoT applications, wearable
technology, and remote sensing. The company operates its business in two main
segments: Semiconductor Products and Technology Licensing. The largest business
segment of Microchip is Semiconductor Products, which has a wide range of
products, including microcontrollers, analog and mixed-signal semiconductors,
memory, power management, and timing devices. The segment serves various
markets such as automotive, industrial, consumer electronics, communications,
and energy harvesting applications. Technology Licensing segment deals with
licensing proprietary technologies and intellectual property (IP). Microchip
provides licenses for its semiconductor designs, allowing customers to receive
customized solutions for their particular application requirements. This
segment also comprises the licensing of patents and other intellectual property
rights. The semiconductor products segment provides an energy harvesting
system.
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Infineon Technologies AG is a German
semiconductor company that deals with solutions for the automotive, industrial,
and power management markets. It primarily deals with research and development
as well as innovation, which allows it to offer quality products to customers.
Microcontrollers, power semiconductors, sensors, and security solutions
utilized in electrified vehicles, renewable energy, and industrial automation
are part of its product offerings. It has a solid base in the auto industry,
supplying radar and LiDAR sensors and electric vehicle power semiconductors.
The company also serves other markets, including power generation, consumer
electronics, and smart homes. Infineon Technologies AG operates through four
principal business units. Automotive (ATV) is all about semiconductor solutions
for vehicle powertrains, safety, and autonomous driving. Green Industrial Power
(GIP) offers power electronics for industry, renewable energy, and the power
grid. Power & Sensor Systems (PSS) is a business segment that deals with
semiconductors and sensors for consumer electronics, industrial automation, and
power management. Connected Secure Systems (CSS) offers security and
connectivity solutions for IoT, mobile devices, and smart infrastructure.
Infineon Technologies AG's Power & Sensor Systems (PSS) business segment
deals with Energy Harvesting Systems. The business segment deals with power
semiconductors, sensors, and energy-saving solutions for consumer electronics,
industrial automation, and IoT applications.
Company Evaluation Matrix: Key Players, 2024
The company evaluation matrix provides information
about key players in the energy harvesting system market and outlines the
findings and analysis of the performance of each company within the evaluation
criteria. Evaluations are based on two broad categories: strength of product
portfolio and market share/rank. Factors such as geographic footprint,
effectiveness of growth strategies, and vision alignment are rated according to
the performance of companies in the energy harvesting system market. The "strength
of product portfolio" pertains to the approach adopted by players for
launching energy harvesting system products and services in the market and
carrying out innovations. Parameters such as a focus on product innovations and
breadth of product offerings are rated based on products offered by each player
in the energy harvesting system market.
Market Ranking
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