DUBLIN, July 11, 2023 /PRNewswire/ — The “Energy Harvesting Systems: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Energy Harvesting Systems estimated at US$506.8 Million in the year 2022, is projected to reach a revised size of US$981.3 Million by 2030, growing at a CAGR of 8.6% over the analysis period 2022-2030.
Transducers, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$479.1 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Secondary Battery segment is readjusted to a revised 8.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $194.1 Million, While China is Forecast to Grow at 8.9% CAGR
The Energy Harvesting Systems market in the U.S. is estimated at US$194.1 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$60.3 Million by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.
Select Competitors (Total 39 Featured) –
- ABB Ltd.
- Advanced Linear Devices, Inc.
- Analog Devices, Inc.
- Bionic Power Inc.
- Cypress Semiconductor Corporation
- EnOcean GmbH
- Fujitsu Limited
- Maxim Integrated, Inc.
- Mide Technology Corporation
- Perpetua Power Source Technologies, Inc.
- Powercast Corporation
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Voltree Power, Inc.
- Wireless Sensor Solutions LLC
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Energy Harvesting to Reap ‘Waste’ Energy for Energy Security
- Materials Used for Energy Harvesting
- Advantages and Applications of Energy Harvesting Technology
- Key Components
- Energy Harvesting Power Management ICs for Energy Harvesting Systems
- Rechargeable Batteries for Storage of Harvested Energy
- Use of Dielectric and Conductive Droplets to Enable Energy Harvesting
- Biopolymer Nanocomposites for Thermoelectric and Piezoelectric Devices
- Researchers Explore CMOS Solution for RF Energy Harvesting
- Potential to Change Realm of Energy Generation to Boost Energy Harvesting System Market
- Recent Market Activity
- Notable Market Trends
- Transducers Hold Major Revenue Share
- Vibration Energy Harvesting System Market Driven by Robust Demand for Energy-Efficient and Portable Systems
- Building & Home Automation Remains Primary Application
- The US and China to Witness Phenomenal Growth
- Demand for Energy-Efficient and Durable Systems to Drive Market Growth
- Increasing Focus on Durable, Efficient Systems Impels Piezoelectric Energy Harvesting System Market
- Competitive Landscape
- Energy Harvesting Systems – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Power Efficient, Durable and Safe Systems Drive the Energy Harvesting System Market
- Intensified Adoption of IoT and Big Data Augurs Well for the Market
- Use of Sensors and Motion Energy Harvesters Complements Battery Power in Wearable Electronics
- Wearable Electronics Market in US$ Million by Region/Country: 2020 & 2025
- Energy Harvesting and Wireless Charging Techniques
- A Peek into IoT Applications/Devices Suitable for Use Energy Harvesting Sources
- Rising Need for Dependence on Fossil Fuels Drives Growth in Energy Harvesting System Market
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
- Targets for Electricity Production from Renewable Energy Sources in Select Countries
- Reduction in Carbon Footprints Leads to Growth in Energy Harvesting Market from Renewable Sources
- Growing Number of Smart Homes and Smart Cities Necessitate Energy Harvesting Capabilities
- Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019
- Growing Number of Smart Homes Catalyzes the Creation of Smart Cities: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Growing Adoption of Connected Home Equipment Supported by Expanding Digital Lifescape to Benefit Growth of Energy Harvesting System: Percentage Breakdown of Global Smart Home Market by Technology for the 2018 and 2022
- Global Home Automation Revenues in US$ Million by Geographic Region for 2018 and 2024
- Widespread Implementation of IoT Devices in Energy Harvesting Technology for Building and Home Automation
- Home Automation Global Market in US$ Million by Geographic Region: 2020 & 2024
- Global IoT Connected Devices Installed Base (In Billion) for the Years 2018, 2020 & 2023
- Increasing Automation in Manufacturing Sector Drives the Need for Energy Harvesting System
- Top 10 Countries in Terms of Manufacturing Output: 2018
- Demographic and Socio-Economic Trends Strengthen Market Prospects
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
- Rapid Increase in Urban Dwellers
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
- Massive Increase in Building and Infrastructure Investments
- Global Construction Output by Region (2022): Breakdown of Construction Output (US$ Billion) and Percentage Change over 2018-2022
- Global Infrastructure Spending Estimates (Percentage of GDP) by Region
- STable Economic Scenario Augurs Well for Energy Harvesting System Market
- Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4aajm0
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