2020 Energy Harvesting Systems Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024

Energy Harvesting Systems

The “Energy Harvesting Systems Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Energy Harvesting Systems market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Energy Harvesting Systems market report also includes new upcoming technology of Energy Harvesting Systems Industry that will help to our clients.

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Market Overview:

  • The energy harvesting systems market was valued at USD 397.07 million in 2018, and it is expected to reach a value of USD 736.81 million by 2024, at a CAGR of 10.91%, over the forecast period (2019-2024). The use of energy harvesting systems is very advantageous, as the devices connected could be virtually operated to an unlimited amount of time without any adverse effects on the environment.
  • – Energy harvesting systems are primarily used in low-powered electrical utilities, such as sensors, watches, and home appliances. These systems provide an efficient alternative to conventional power sources, like batteries.
  • – There has been an increasingly high usage of batteries, globally. According to the EPBA, about 225,000 metric ton or an estimated 11 billion portable batteries are being reportedly used in the market, currently. The usage of batteries has been potentially harmful to the environment and it is also a wastage of resources.
  • – The incorporation of energy harvesting systems in many electronic devices is expected to reduce the need for a constant status check on the batteries, and dependence on batteries for power supply and the cost associated with each change.
  • – The emergence of tire pressure management systems (TPMS) in automobiles has further emphasized the need for energy harvesting systems as they can be used to power up the small electric components like sensors in it. According to a report by NHTSA, 23.1% of the vehicles had at least one of the tires severely under inflated. Electric vehicles are also expected to have high growth in the future which will drive the market for energy harvesting systems.

    Energy Harvesting Systems Market Covers Key Players:

  • Microchip Technology Inc.
  • Fujitsu Limited
  • EnoCean GmbH
  • ABB Limited
  • Cymbet Corporation
  • Qorvo, Inc
  • Honeywell International Inc.
  • STMicroelectronics NV
  • Texas Instruments Incorporated
  • Siemens AG
  • Schneider Electric SE

    Some Major Points Covered in Energy Harvesting Systems Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • Energy harvesting systems capture and accumulate byproduct energy as the energy becomes available and then storing the energy for a period of time and supplying it in a form that can be used later, such as operating a microprocessor within its limits. Energy harvesting systems can also be used in both low-voltage and low-power applications such as portable or mobile devices, medical equipment, consumer devices, automobiles.

    Key Market Trends:

    Building and Home Automation to Witness High Growth

    – The building and home automation application of the energy harvesting systems market is likely to grow at a significant rate over the forecast period, due to the increasing adoption of energy harvesting devices in building and smart home devices in the American and European region.
    – The emergence of wireless sensors networks is a major breakthrough in the energy systems market. Recent advancements in energy harvesting (EH) technologies enable wireless sensor network (WSNs) to extend their lifetime, by utilizing energy that is readily available through natural resources.
    – Power manager in these devices manages the energy harvested and node supply. This device measures the energy that is harvested from daylight or artificial light, and checks for the consumption and available energy, and evaluates them according to the usage time and seasons (summers and winters). This harvested energy is put to use by controlling the home automation using WSNs.

    North America to Hold the Largest Market Share

    – With the ongoing rapid technological developments in the North American region, it became the most critical market for building and home automation investments, which use renewable energy, and thus, drive the growth of the energy harvesting systems market.
    – The United States accounted for most of the revenue in the North American region. The market is also expected to witness substantial growth, due to the flourishing industrial and transportation sector, which is impacted by the administration, to make the country an energy independent state.
    – The North American market is also witnessing high adoption of industrial IoT, as compared to the other regions, which is also driving the market for energy harvesting systems.
    – This growth is further aided by government initiatives to decrease energy emission from old and public buildings. For instance, the US General Services Administration has entered into a contract with IBM to install advanced and smart building technology in 50 of the federal government’s highest energy-consuming buildings.

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    Detailed TOC of Energy Harvesting Systems Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growth of Smart Cities
    4.3.2 Technology Developments in Manufacturing Industries
    4.4 Market Restraints
    4.4.1 High Initial Costs Challenge the Market Growth
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Technology
    5.1.1 Light Energy Harvesting
    5.1.2 Vibration Energy Harvesting
    5.1.3 Thermal Energy Harvesting
    5.1.4 RF Energy Harvesting
    5.2 By Application
    5.2.1 Consumer Electronics
    5.2.2 Building & Home Automation
    5.2.3 Industrial
    5.2.4 Transportation
    5.2.5 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Microchip Technology Inc.
    6.1.2 Fujitsu Limited
    6.1.3 EnoCean GmbH
    6.1.4 ABB Limited
    6.1.5 Cymbet Corporation
    6.1.6 Qorvo, Inc
    6.1.7 Honeywell International Inc.
    6.1.8 STMicroelectronics NV
    6.1.9 Texas Instruments Incorporated
    6.1.10 Siemens AG
    6.1.11 Schneider Electric SE

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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