Energy Harvesting System Market 2018 Global Industry Trends, Growth Factors, Sales Revenue, Comprehensive Analysis, Development Strategy and Regional Forecast to 2022
Jan 9, 2019
Market Research Future published a research report on “Energy Harvesting System Market Research Report- Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India - January 9, 2019 /MarketersMedia/ —
Energy Harvesting System Global Market - Overview
Energy Harvesting is a process of collecting minute amount of energy from one or more of naturally occurring energy sources such as solar, wind or water and use them later in the different application areas. Energy harvesting devices are designed to efficiently and effectively capture, store, accumulate and supply it in the form which can be used to perform various task in the daily application areas. Advancement in technology and various development have increased the efficiencies which are used in the process of collecting energy and convert them into electrical energy which is widely used. Heavy investment by the key companies have also led to the advancement in the microprocessors technology leading to maximum efficiency of the processors and optimum utilization. Wide range of benefits and reducing the carbon footprint have also led to the development of interest among several large-scale companies.
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There are various application of energy harvesting and several real-life application who uses energy harvesting system to source the power is no more a dream. There are various companies who is working constantly in the development of energy harvesting components and products such as sensors, wireless nodes and high capacity batteries. Recently, Tesla have also started working on the new generation solar panels which can be deployed on the roof of any building and can collect solar energy.
Key Players
Some of the major players in Global Energy Harvesting System 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. These devices are used in building and home automation applications to power devices such as occupancy sensors, smoke detectors, heaters, lighting control devices, switches, and gateways.
By methods, the market is segmented into vibration, photovoltaic, thermal and others. Vibration energy harvesting is largely used in various applications because of available vibration energy from machine process pumps and other devices.
By sensors, the market is segmented into temperature, pressure, humidity, and IR among others. The growing demand for temperature sensors is attributed to its high demand in buildings and home automation sector for monitoring room temperature in residential and commercial buildings, air duct temperature monitoring, and warehouse temperature monitoring among other applications.
By application, the market is segmented based on automation, consumer electronics, industrial, transportation and others. The energy harvesting system in the industrial application is predicted to hold the leading position on account of its applications such as machine health monitoring, pressure pump health monitoring, tank level monitoring, and flow control.
Regional Outlook
By region, the global energy harvesting system market is segmented into North America, Asia Pacific (APAC), Europe and the Rest of the World.
North America is presumed to lead the global energy harvesting system market with the largest market share. This is owing to increasing automation and smart home market in the United States (U.S) and other nations.
The APAC market is projected to generate high growth rate during the forecast period. The growth can be attributed to the increasing awareness about the benefits offered by the energy harvesting system across various industries. The market in the region maintains a sturdy foundation on account of growing demand from residential sector due to prices of electricity increasing day by day.
Europe has been contributing substantial revenue share to the global energy harvesting system market, owing to the rise in automation of buildings and homes, and rapid growth of the industrial automation sector. The market in the region is developing extremely well with IoT and big data technologies giving it a real impetus.
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Industry Development
August 2018 – Researchers at Penn State’s Materials Research Institute and the University of Utah have developed a wearable energy harvesting device. The device generates energy from the swing of an arm while walking or jogging. The size of the device is the same as that of a wristwatch and produces enough power to run a personal health monitoring system.
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 467731
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