Energy Harvesting System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Energy Harvesting System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2021 | Energy & Mining

Report Digest


Global Energy Harvesting System Market: Overview

Energy harvesting systems find its main use in various low-powered electrical systems like home appliances, watches, and sensors. These low-powered electrical systems offer an efficient alterative to existing power sources, such as batteries.

The global energy harvesting system market has been segmented on the basis of technology, application, and region. The sole purpose of providing such an all-inclusive report is to provide a deep and 360-degree view of the market.

Global Energy Harvesting System Market: Notable Developments

The global energy harvesting system market has witnessed quite a few developments over the last few years. These market developments suggest a trend and give an idea about the growth factors of the global Energy Harvesting System market. One such development of the market is mentioned below:

  • In 2019, US-based Rigado Inc. made an announcement of inclusion of switches and EasyFit Bluetooth sensors by EnOcean GmbH to its portfolio of diverse products. Their portfolio includes certified and pre-integrated devices and sensors. These EasyFit wireless devices are energy conscious and maintenance free IoT solutions and are self-powered. These devices are used abundantly in Smart buildings.

Some of the key market players of the global energy harvesting system market are

  • Medtronic plc.
  • Brymill Cryogenci Systems
  • Wallach Surgical Devices Inc
  • Cooper Surgical, Inc.
  • Zimmer MedizinSysteme GmbH
  • Galil Medical, Inc.

Global Energy Harvesting System Market: Growth Drivers

Demand for Power-efficient and Green Technology to Spur Demand in the Market

There are several factors that propel growth of the global energy harvesting system market, such as increasing demand for durable, power-efficient, and safe systems that need no or minimum maintenance. Besides, wide implementation of internet of things (IoT) technology in building and home automation sector, growing demand for green technology, and increased government initiatives boost growth of the global energy harvesting system market.

Use of batteries has witnessed a stellar rise across the globe. In accordance with the data of European Portable Battery Association (EPBA), nearly 225,000 metric tons or roughly around 11 billion portable batteries are being used in today’s world. The use of such a huge number of batteries is likely to leave harmful effect on the environment. Use of such a large number of batteries also leads to wastage of valuable resources.

The integration of energy harvesting systems in many of the electronic gadgets are likely to diminish the need to keep a continuous check on the use of batteries for the purpose of supply of power. Furthermore, the cost related to each change is also reduced, which encourages growth of the global energy harvesting system market.

On the other hand, dearth of awareness amongst the people is estimated to pose challenges in the growth of the global energy harvesting system market. Although, leading energy harvesting companies have made some noteworthy marketing and promotional activities to increase the sales of energy harvesting systems, the sale has not been as expected.

Global Energy Harvesting System Market: Regional Outlook

In terms of region, the global energy harvesting system market has been segmented into the regions of Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. Of all the regions, North America is likely to come up as a rapidly growing region of the market. Sharp rise in the demand for energy-efficient peripherals and components from the industrial segment is likely to emerge as a growth factor for the North America energy harvesting system market over the tenure of assessment.

The global energy harvesting system market is segmented as:

Technology

  • Light
  • Vibration
  • RF
  • Thermal

Application

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

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

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Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

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COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?