New York, NY 16 Apr 21: The Global Energy Harvesting Equipment market generated $372 million in 2017 and is anticipated to grow at a CAGR of 11.4% during the forecast period.
Energy Harvesting Equipment uses electrical energy present in the environment to power various circuits and appliances. Energy harvesting equipment is used to power electronics at locations with no conventional power sources, and in applications in remote locations, underwater, and other difficult-to-access locations. Some applications of energy harvesting equipment include remote corrosion monitoring systems, implantable devices and remote patient monitoring, structural monitoring, RFID, Internet of Things, and equipment monitoring among others.
The demand for energy harvesting equipment has increased over the years owing to growing environmental awareness among consumers. Rising energy costs, and depletion of traditional fuel sources has increased the adoption of energy harvesting equipment. The increasing need for energy efficiency, supportive government initiatives, and growing awareness regarding use of renewable energy sources supports the growth of the market. Growing demand from building and home automation and wearable electronics along with technological advancement and growing adoption of wireless sensor networks is expected to provide numerous growth opportunities in the coming years.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Energy Harvesting Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing awareness regarding environmental pollution. The increasing demand from building and home automation sector has accelerated the adoption of energy harvesting equipment in the region.
The global Energy Harvesting Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Fujitsu Limited, GreenPeak Technologies, ABB Limited, Texas Instruments Incorporated, Microchip Technology Inc., Siemens AG, Arveni SaS, Cymbet Corporation, Honeywell International Inc., and Enocean GmbH.
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An intensifying CAGR is estimated to shape the global energy harvesting system market in the impending period.The inclination of the general population towards energy conservation is estimated to expand the energy harvesting technologies market.
Also, the focus on safe and durable power sources development is predicted to create a novel scope for expansion in the energy harvesting system market.Competitive Analysis The backing from administrative bodies around the world is escalating because the market requires an additional impetus to attain regularity in such a situation.
The stress on modernization is appraised to see an upswing in the coming years, as the user requirements have to be tackled in an improved manner to safeguard the revival of the worldwide market.
The conflict in the forces of demand and supply is appraised to produce a measured development context in the market.The eminent contenders in the energy harvesting system market include Fujitsu (Japan), Honeywell International Inc.(U.S.), STMicroelectronics (Switzerland), Siemens AG (Germany), Microchip Technology Inc. (U.S.), ABB Limited (Switzerland), Convergence Wireless (U.S.), Cymbet Corporation (U.S.), and Texas Instruments (U.S.) among others.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/1167Segmental Analysis The segmental investigation of the energy harvesting system market is carried out on the basis of components, methods, sensors, application and region.Based on the components, the energy harvesting system market is segmented into batteries, solar cells, capacitors, transistors, controllers, and switches, among others.Based on the methods, the energy harvesting system market is segmented into photovoltaic, vibration, and thermal, among others.Based on the sensors, the energy harvesting system market is segmented into pressure, humidity, temperature, and IR, among others.The application-based segmentation of the energy harvesting system market comprises of automation, consumer electronics, industrial, and transportation, among others.Based on the regions, the energy harvesting system market is segmented into the Americas, Europe, the Middle East, Asia Pacific and Africa.Detailed Regional Analysis The regional review of the energy harvesting system market is segmented into the Americas, Europe, the Middle East, Asia Pacific and Africa.
The extraordinary growth in the arena of technology and substantial investment by the vital companies in research and development and new product introductions are some of the foremost factor backing up the market development.
This system uses unconventional energy sources to charge the transducer, which is then converted into electricity and stored in the battery unit.
The system also possesses a complementary electronic circuit which manages the generated power and protects the storage unit and primary circuitry.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1167Drivers and RestraintsExpansion of the global energy harvesting market is mainly owing to the growing adoption of energy harvesting systems in remote locations to prevent power interruptions and enhance the reliability of an electronic system.
Energy harvesting systems utilize residual energy in the atmosphere to convert it into a usable form of energy.Also, growing measures to reduce carbon footprints, reduced dependence on fossil fuels, increasing adoption of Internet of Things (IoT) and big data, and accelerated demand for power-efficient systems are some of the key factors driving the growth of the market.However, the process of conversion done by the system is complex and requires a precise system to effectively harvest energy; a factor can increase the cost of deployment of these systems.
To illustrate the point, in January 2018, EnOcean GmbH unveiled self-powered wireless sensors for energy harvesting solutions in IoT.
It is based on the company's Bluetooth and sub 1 GHz band (ISO/IEC 14543-3-1x) wireless standards.Key PlayersSome of the major players in energy harvesting market include ABB Limited (Switzerland), Fujitsu (Japan), Honeywell International Inc.(U.S.), Siemens AG (Germany), Microchip Technology Inc. (U.S.), Convergence Wireless (U.S.), Cymbet Corporation (U.S.), STMicroelectronics (Switzerland), and Texas Instruments (U.S.) among others.Market Segmentation:The global energy harvesting system market is segmented on the basis of components, methods, sensors, and application.By components, the market is segmented into transistors, controllers, solar cells, capacitors, batteries, switches, and others.
The high growth of transistors segment is driven by growing adoption of transducer devices such as photovoltaic cells and piezoelectric devices to generate energy for low-power devices.
