Global Energy Harvesting Market Overview:
Energy harvesting also known as energy scavenging is the process by which energy is derived from external sources such as solar power, thermal energy, wind energy, salinity gradients, and kinetic energy. It uses this captured and stored energy for small, wireless autonomous devices, like used in wearable electronics and wireless sensor network. Also, it has the potential to replace batteries for small, low power electronic devices. The process of energy harvesting harnesses the power of ambient energy to use later in diverse applications. With increasing use of ambient energy coupled with energy harvesting technology, the energy harvesting market is currently heading at a significant rate globally
As per latest study released by AMA Research, the Global Energy Harvesting market is expected to see growth rate of 10.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Gaining attraction from growing application of energy harvesting in wearable devices and mobile phones and The introduction of nanotechnology has offered plenty of growth opportunities to the energy harvesting market
Market Growth Drivers:
Increasing demand for energy from major end-use industries and Favorable government support for energy conservation
Challenges:
Some technological complexities are the challenge for the widespread demand for the energy harvesting devices and The energy harvesting technology generates lower current which makes it incompatible for the application
Restraints:
Lack of awareness about the energy harvesting in some economies
Opportunities:
Emergence of new energy harvesting technologies like ocean energy harvesting
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Arveni (France), Perpetuum (United Kingdom), SolePower (United States), EnOcean (Germany), GreenTeg (Switzerland), Fujitsu (Japan), Cypress Semiconductor Corp. (United States), Honeywell International (United States), ABB Ltd. (Switzerland) and Siemens AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Marlow Industries, Inc. (United States), Maxim Integrated (United States), Mide Technology Corporation (United States) and Cymbet Corporation (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Energy Harvesting market by 2030. Considering Market by Technology, the sub-segment i.e. Electrodynamics will boost the Energy Harvesting market. Considering Market by Energy Source, the sub-segment i.e. Chemicals will boost the Energy Harvesting market.
Latest Market Insights:
In October 2023, Ambient Micro, a pioneer in ultra-low-power wireless communication ICs, merges with Peraso Technologies, a leader in energy harvesting power management solutions. This combined company strengthens its offering for battery-free IoT applications.
In March 2023, Perpetua launched its P2110 power management IC for solar energy harvesting applications. This chip offers high efficiency and low power consumption for powering IoT devices.
The International Energy Agency (IEA) has established the Energy Efficient End-Use Equipment (4E) Technology Collaboration Programme in 2008 to support governments in co-ordinating effective energy efficiency policies. Twelve countries have joined together under the 4E platform to exchange technical and policy information focused on increasing the production and trade in efficient end-use equipment
What Can be Explored with the Energy Harvesting Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Energy Harvesting Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Energy Harvesting
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Energy Harvesting market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Energy Harvesting market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of wireless electronic device, Manufacturers of sensors, Suppliers of wireless electronic device, Automotive industry, Manufacturers of compact sized devices and Building and infrastructure industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.