Global Energy Harvesting System Market (2021-2026) by End-Use Systems, Sensor Type, Technology, Components, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Energy Harvesting Systems Market is estimated to be USD 394.44 Mn in 2021 and is expected to reach USD 669.16 Mn by 2026, growing at a CAGR of 11.15%.

Market Dynamics

Key factors such as the rising demand for electronic devices followed by the need for reducing the costs associated with powering systems have led the companies to invest in energy harvesting systems, which has further benefitted the global energy harvesting systems market. Moreover, the rising demand for energy in large-scale enterprises and the high demand for wireless sensor technologies contribute to market growth. Similarly, the advancements made in nanotechnology and Ocean energy harvesting are creating growth opportunities for the market.

However, factors such as the high cost of the energy harvesting system are likely to restrain the market.

Market Segmentation

The Global Energy Harvesting System Market is segmented further based on end-use systems, sensor type, technology, components, application, and geography.

By Technology, the market is classified as Light, Vibration, Thermal, and Electromagnetic/Radio Frequency (RF). Amongst all, the Light Energy Harvesting technology holds the highest market share.

By Components, the market is classified as Transducers, Power Management Integrated Circuits (Pmics), and Storage Systems. Among these, the Transducers generated the highest revenue in the market.

By Application, the market is classified as Building & Home Automation, Consumer Electronics, Industrial, Transportation, and Security. Amongst all, Building & Home Automation contributed the highest revenue to the market.

By End Use System, the market is classified as Wireless Switching system, Wireless HVAC system, Wireless Sensing and Telematics system, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System and Regenerative Energy Harvesting system. Amongst all, the Wireless HVAC systems are estimated to hold the highest market share.

By Geography, North America is projected to lead the market.

Recent Developments

1. Fujitsu Electronics Europe is planning to expand its product portfolio with energy-harvesting components from e-peas. These solutions are based on different energy sources such as photovoltaic, thermal, vibration or RF.. - 15th February 2018
2. Arrow Electronics, Inc has decided to offer EnOcean’s portfolio of patented energy-harvesting wireless technology globally with a prime focus on EnOcean’s Internet of Things (IoT) solutions. - 5th December 2019

Company Profiles

Some of the key companies covered in the report are Arveni SAS, Convergence Wireless, Cymbet Corporation, Texas Instruments Incorporated, Fujitsu Limited, ABB Ltd., Honeywell International Inc., STMicroelectronics N.V., EnOcean GmbH, Voltree Power Inc., and Bionic Power Inc. etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Energy Harvesting Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market