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 Some of the key players profiled in the study 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).
On the basis of geography, the market of Energy Harvesting 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). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Electrodynamics will boost the Energy Harvesting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Energy Source, the sub-segment i.e. Chemicals will boost the Energy Harvesting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand for energy from major end-use industries
- Favorable government support for energy conservation
- Gaining attraction from growing application of energy harvesting in wearable devices and mobile phones
- The introduction of nanotechnology has offered plenty of growth opportunities to the energy harvesting market
- Lack of awareness about the energy harvesting in some economies
- Emergence of new energy harvesting technologies like ocean energy harvesting
- Some technological complexities are the challenge for the widespread demand for the energy harvesting devices
- The energy harvesting technology generates lower current which makes it incompatible for the application
Perpetuum, the global leader in vibration energy harvesting and its application in asset management across the rail industry, has announced it is working with KeolisAmey Docklands (KAD) to monitor the condition of its traction motors while they are in service and improve the reliability of its assets on the high availability Docklands Light Railway (DLR)
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
Target Audience: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
Major Objectives Focused through this Study To define, describe, and forecast the Global Energy Harvesting market on the basis of product [Light Energy Harvesting, Electromagnetic Energy Harvesting, Vibration Energy Harvesting, Thermal Energy Harvesting and Other] , application [Consumer Electronics, Industrial, Automotive and Healthcare], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Energy Harvesting market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Energy Harvesting industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Marlow Industries, Inc. (United States), Maxim Integrated (United States), Mide Technology Corporation (United States) and Cymbet Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Energy Harvesting market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.