According to Goldstein Research, global energy harvesting market size is expected to reach USD 942.0 billion by 2024 from an estimated USD 290.4 billion in 2016, growing at a compounded annual growth rate of 15.84% during the forecast period 2016-2024. Energy harvesting market is anticipated to harness triple-digit revenue over the forecast period. The high demand for power efficiency and wireless energy networks, majorly in the industrial & commercial application tends to drive the growth of the market. The growth of the global smart meter market tends to grow opportunities for energy harvesting system.
Globally approximately 800 smart meters are estimated to be deployed across the globe by 2020. Global energy harvesting market segmentation has been carried out on the basis of technology type, system type, end user, and geography. Based on technology type, light energy harvesting technology segment dominated the global energy harvesting market share with 28.0% in 2016 and over the forecast it is expected to continue its dominance owing to the plentiful availability of solar energy.
Further, Global energy harvesting industry is estimated to be dominated by Europe with a market share of 35.0% in 2016. Whereas over the forecast period, Asia Pacific is estimated to grow at fastest CAGR of 17.0%, owing to the fastest growth of Asia Pacific solar energy market.
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Market Segmentation
On the basis of our in-depth analysis, Global Energy Harvesting Market can be segmented as follows:
Based on Technology Type
- Light Energy Harvesting
- Electromagnetic Energy Harvesting
- Vibration Energy Harvesting
- Thermal Energy Harvesting
Based on System Type
- Thermoelectric
- Electrodynamics
- Photovoltaic
- Radio Frequency (RF) Transducers
- Piezoelectric
- Electromagnetic Transducers
Based on End-User
- Consumer Electronics
- Building and Home automation
- Aerospace & Defense
- Automotive & Transportation
- Healthcare
By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
“Global Energy Harvesting Market Outlook 2024” contains a detailed overview of the global energy harvesting market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology type, system type, and end user.
Further, for the in-depth analysis, global energy harvesting market report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market research report also includes competitive outlook of some of the major players profiling of companies such as ABB Limited, Arveni, Cymbet Corporation, Fujitsu Limited, Honeywell International Inc., Cypress Semiconductor Corp., Siemens AG, and General Electric Company. Other high-flying vendors in the market are: Microchip Technology Inc., Nextreme Thermal Solutions, Schneider Electric SE, STMicroelectronics N.V., Texas Instrument Incorporated, EnOcean GmbH, Greenpeak Technologies B.V., Convergence Wireless, Voltree Power, Silicon Laboratories Inc., Murata Manufacturing Co. Ltd., Mide Technology Corporation, Laird Plc., Lord Microstrain, POWERLeap Inc., Levant Power Corporation, Marlow Industries, Inc., MicroGen Systems, Maxim Integrated, G24 Innovations Limited, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global energy harvesting market trends along with a market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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