About Energy Harvester
Energy harvester is a process in which energy is harvested from already available sources such solar, thermal, magnetic and others. It provides power to low energy electrical equipment including wearable electronics as well as wireless sensors. Of late, various harvesting technologies have emerged out, which in turn has supplemented the use of ambient energy. Further, amid growing energy crisis, government support to energy harvesting activities has bolstered the very market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.6% |
Energy Harvester is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that American Manufacturers will contribute the maximum growth to Global Energy Harvester market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EnOcean GmbH (Germany), Powercast Corporation (United States), Cymbat Corporation (United States), General Electric (United States), Linear Technology (United States), Convergence Wireless (United States), Microchip Technology Inc. (United States), ABB Limited (Switzerland), Fujitsu Limited (Japan), Stmicroelectronics (Switzerland), Honeywell International Inc. (United States), Texas Instruments Incorporated (United States), Lord Microstrain (United States), Cypress Semiconductors Corporation (United States) and Greenpeak Technology B.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are G24 Power Limited (United Kingdom), Infinite Power Solutions (United States), Levant Power Corporation (United States), Marlow Industries (United States), Maxim Integrated (United States) and Mide Tecnhology (United States).
Segmentation Overview
AMA Research has segmented the market of Global Energy Harvester market by , Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security and Others) and Region.
On the basis of geography, the market of Energy Harvester has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Transducers will boost the Energy Harvester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Light Energy Harvesting will boost the Energy Harvester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tracking Type, the sub-segment i.e. Remote Energy Harvesting System will boost the Energy Harvester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware will boost the Energy Harvester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Energy Type, the sub-segment i.e. Radiation (Solar, Electromagnetic, and Light) will boost the Energy Harvester market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Government Support to Promote Green Energy Initiatives and Growing Adoption of Wireless Sensors Networks Integrated with Energy Harvesting System
Market Growth Drivers:
Growing Adoption of IoT Devices in Building and Home Automation and Rising Demand for Power-efficient Systems which Require Less Maintenance
Challenges:
Unpredictable Nature of Renewable Energy Sources and Lack of Awareness Among Consumers Regarding Availability of Energy Harvesting Devices
Restraints:
Limitations of Remotely Installed Networking Modules and High Initial Capital Requirement for Setting Up Energy Harvesting System
Opportunities:
Growing Use of Sensors in Wearable Electronics and Advent of Ocean Energy Harvesting Solution
Market Leaders and their expansionary development strategies
In November 2022, EnOcean GmbH, the pioneer of energy harvesting Internet-of-Things (“IoT”) devices and sensor-to-cloud solutions, and Parabellum Acquisition Corp, a publicly traded special purpose acquisition company, announced that they have entered into a definitive business combination agreement that has result in EnOcean becoming a publicly listed company subject to the closing.
In February 2023, Asahi Kasei Microdevices (AKM) launched a new DC-DC step-up converter with ultra-low power consumption that is able to boost low voltages, offering solutions for remote and battery-free operation as well as low-maintenance applications in the fields of asset monitoring and IoT.
Key Target Audience
Energy Harvester Solution Providers, System Integrators, Market and Research Firms, Government Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.