Energy Harvesting Market Research Report 2024
Energy Harvesting Market Global Industry Analysis and Forecast (2024-2032) By Sensor (IR, Temperature, Pressure, Humidity), Component (Controller, Transistor, Capacitor, Battery), Technology (Light Energy Harvesting, Vibration Energy Harvesting, Thermal Energy Harvesting, RF Energy Harvesting), Application (Consumer Electronics, Building and Home Automation, Industrial, Transportation), and Region
Energy Harvesting Market Synopsis
Energy Harvesting Market Size Was Valued at USD 660.12 Million in 2023 and is Projected to Reach USD 1577.02 Million by 2032, Growing at a CAGR of 10.16% From 2024-2032.
Energy harvesting is the process of capturing and converting ambient energy from natural sources, such as solar, thermal, wind, or kinetic, into usable electrical power. This technique allows electronic devices to operate without relying on traditional batteries, offering a sustainable power solution for small-scale, low-power applications like sensors and wearables.Energy harvesting involves capturing and storing energy from external sources, such as sunlight, vibrations, or thermal gradients, for immediate use or later consumption. Its applications span various sectors, including wearable technology, IoT devices, and environmental monitoring. In industrial settings, energy harvesting systems can power sensors and equipment, reducing the reliance on conventional power sources and enhancing operational efficiency.
The advantages of energy harvesting are significant. It contributes to sustainability by reducing energy consumption and minimizing carbon footprints. Additionally, it promotes energy independence, particularly in remote areas where traditional power supply infrastructure is lacking. By utilizing renewable energy sources, these systems can extend the lifespan of batteries and lower maintenance costs, ultimately providing a more reliable and efficient energy solution.As the global emphasis on sustainability continues to grow, the demand for energy harvesting technologies is expected to surge. Industries are increasingly seeking innovative solutions that promote energy efficiency and reduce waste. With advancements in technology, energy harvesting will play a crucial role in powering the next generation of smart devices and contributing to a more sustainable future.
Top Active Players Involved Are:
ABB Limited (Switzerland), Arveni (France), Bionic Power (Canada), Cymbet Corporation (USA), Enocean GmbH (Germany), Fujitsu Limited (Japan), Greenpeak Technologies (Netherlands), Honeywell International Inc. (USA), Linear Technology (USA), Lord Microstrain (USA), Lutron Electronics (USA), Microchip Technology Inc. (USA), Nextreme Thermal Solutions (USA), O-Flexx Technologies (Germany), Perpetuum Ltd. (UK), Piezo Systems Inc. (USA), Powercast Corporation (USA), Schneider Electric (France), STMicroelectronics (Switzerland), Texas Instruments (USA), Trenergy Inc. (Japan), Voltree Power Inc. (USA), Wurth Elektronik GmbH & Co. KG (Germany), Xidas (USA), Yokogawa Electric Corporation (Japan), and Other Active Players.
Energy Harvesting Market Trend Analysis
Miniaturization and Flexibility Requirements
- The Energy Harvesting market is seeing notable opportunities due to the need for miniaturization and flexibility. The push for smaller, more flexible electronic devices is increasing the need for energy solutions that are compact and versatile. Reduced Energy Harvesting can be incorporated into smaller, more complex gadgets, allowing them to operate effectively without the need for conventional power sources.
- The demand for smaller consumer electronics, like wearable tech and portable devices, requires the creation of compact, lightweight energy harvesters to easily fit into small areas. These mechanisms can utilize energy from motion, body warmth, or surrounding light to fuel devices, improving user ease and prolonging operational durations.
- Flexibility is also a crucial element, particularly in fields such as flexible electronics and smart textiles. Adaptable energy harvesters can be moulded to different forms and surfaces, making them perfect for incorporating into clothing, accessories, and other flexible structures.
- This flexibility creates opportunities for fueling wearable gadgets, healthcare monitors, and electronic paper screens. Being able to bend, stretch, and flex without sacrificing performance broadens the scope of possible uses, promoting market expansion.
- The integration of small size and adaptability promotes the progress of the Internet of Things (IoT). As the number and variety of IoT devices increase, the need for discreet and dependable power sources also rises. Hence, in this way, Miniaturization and Flexibility Requirements act as Driver in Energy Harvesting Market.
Emergence of Smart Cities
- The rise of smart cities offers a major chance for the Energy Harvesting market. Advanced technologies are used in smart cities to improve urban living, with a focus on making energy efficiency and sustainability a top priority. Energy Harvestings are essential for reaching these objectives by offering self-sustaining power sources for urban applications.
- There is a strong need for widespread sensor networks in smart cities to monitor infrastructure, traffic, air quality, and public safety. These sensors frequently work in distant or inaccessible areas where traditional power sources are not feasible. Energy Harvestings gather energy from the environment, like solar, wind, vibrations, or thermal gradients, to continually power these sensors. This removes the necessity for frequent changing of batteries or complex wiring, lowering maintenance expenses and improving system dependability.
- Energy harvesting also provides advantages to street lighting and public transportation systems. Intelligent streetlights can utilize solar panels or the kinetic energy generated by passing vehicles to be self-powered, leading to decreased energy usage and operational expenses.
- Energy harvesting technologies can be integrated into public transportation systems to provide power for electronic signs, ticketing machines, and sensors on board, enhancing both efficiency and the experience of passengers.
- Energy harvesting can also be used by intelligent buildings in these urban areas to enhance energy efficiency. Coordinated systems can gather energy from surrounding sources to operate building management systems, HVAC controls, and security systems. This helps to save energy overall and supports the sustainability of city environments.
- Incorporating Energy Harvesting into smart city infrastructure benefits energy efficiency, sustainability, innovation, and economic growth. Energy harvesting technologies allow smart cities to function better and improve resident's quality of life by offering dependable, sustainable power solutions, ultimately working towards an eco-friendlier future.
Energy Harvesting Market Segment Analysis:
The Energy Harvesting market is segmented on the basis of Sensor, Component, Technology, Application, and Region.
By Component, Controller Segment Is Expected to Dominate the Market During the Forecast Period
- The controller segment is projected to lead the Energy Harvesting market because of its key role in overseeing and improving the energy conversion process. Controllers are crucial elements that control the distribution of energy from the source of collection to the storage units and the final applications. They assure effective energy capture, transformation, retention, and distribution, which are essential for the efficiency and dependability of Energy Harvesting.
- The main factor for the controller segment's dominance is its capability to optimize the efficiency of energy harvesting. Controllers utilize sophisticated algorithms and power management methods to adjust to different energy inputs from sources like solar, thermal, or kinetic energy. Controllers improve system performance by maximizing energy conversion efficiency, leading to the utilization of the greatest amount of energy possible.
- The controllers are essential in facilitating the incorporation of Energy Harvesting with various electronic components and devices. They oversee the connection among the energy sources, storage units, and loads, guaranteeing smooth communication and coordination. Reliable power management is crucial, especially in wireless sensor networks.
- The growing intricacy and downsizing of energy harvesting applications are also increasing the need for advanced controllers. With the shrinking size and increasing connectivity of devices, the demand for accurate and effective power management solutions is on the rise.
By Application, Building and Home Automation Segment Held the Largest Share In 2023
- The Energy Harvesting market is dominated by the building and home automation sector, primarily because of its extensive usage and the increasing need for energy-saving solutions. Building and home automation systems consist of various technologies aimed at improving convenience, security, and energy efficiency in both residential and commercial buildings. Energy Harvestings are essential in these applications as they offer renewable energy sources for different devices and systems.
- Energy harvesting technologies are utilized in building and home automation to provide power for sensors, controls, and communication devices that control functions like lighting, heating, ventilation, air conditioning (HVAC), security, and more. Energy harvesting is advantageous for these systems as they usually need to operate constantly and can be difficult to link to conventional power sources or need frequent battery changes.
- Incorporating Energy Harvesting into building automation systems leads to improved energy efficiency and reduced costs. For example, autonomous sensors and controls can adjust lighting and HVAC systems according to occupancy and environmental conditions, cutting energy usage and decreasing utility costs.
- Energy Harvestings facilitate the advancement of smart grids and sophisticated energy management systems, allowing for improved monitoring and regulation of energy consumption within the structure.
Energy Harvesting Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- Asia Pacific is poised to dominate the Energy Harvesting market due to a combination of rapid urbanization, technological advancement, and strong industrial growth in the region. This dominance is driven by several key factors that make the Asia Pacific a significant player in the energy harvesting sector.
- The region’s rapid urbanization and expanding infrastructure projects create a substantial demand for energy-efficient technologies. As cities and industrial areas grow, the need for advanced energy solutions that can power sensors, controls, and other devices becomes increasingly critical.
- Energy Harvestings provide a sustainable and cost-effective way to meet these demands by capturing ambient energy from sources such as solar, wind, and vibrations.
- Asia Pacific is home to some of the world’s leading technology and electronics manufacturers. The region's robust industrial base and focus on innovation drive the development and deployment of advanced energy harvesting technologies. Major electronics companies and research institutions in countries like China, Japan, and South Korea are actively working on integrating energy harvesting solutions into a wide range of applications, from consumer electronics to industrial automation.
- Supportive government policies and initiatives aimed at promoting renewable energy and energy efficiency contribute to the market's growth. Many Asia Pacific countries are investing in smart city projects and green building initiatives, which further boost the demand for Energy Harvesting.
- Economic growth and increasing investments in infrastructure and technology in the Asia Pacific create a favourable environment for the expansion of the Energy Harvesting market.
Energy Harvesting Market Active Players
- Abb Limited (Switzerland)
- Arveni (France)
- Bionic Power (Canada)
- Cymbet Corporation (USA)
- Enocean Gmbh (Germany)
- Fujitsu Limited (Japan)
- Greenpeak Technologies (Netherlands)
- Honeywell International Inc. (USA)
- Linear Technology (USA)
- Lord Microstrain (USA)
- Lutron Electronics (USA)
- Microchip Technology Inc. (USA)
- Nextreme Thermal Solutions (USA)
- O-Flexx Technologies (Germany)
- Perpetuum Ltd. (UK)
- Piezo Systems Inc. (USA)
- Powercast Corporation (USA)
- Schneider Electric (France)
- STMicroelectronics (Switzerland)
- Texas Instruments (USA)
- Trenergy Inc. (Japan)
- Voltree Power Inc. (USA)
- Wurth Elektronik Gmbh & Co. Kg (Germany)
- Xidas (USA)
- Yokogawa Electric Corporation (Japan) and Other Active Players
Key Industry Developments in the Energy Harvesting Market:
- In June 2024, The Luxembourg Institute of Science and Technology (LIST) announced the launch of its CubeSat project LIST-SAT-01, the first Luxembourgish nanosatellite initiative with a scientific experiment on-board made in-house, aimed at showcasing the institute's technology innovation in the space environment. The scientific goals of the CubeSat project revolve around demonstrating the technology of an Energy Harvesting. The satellite will harvest energy from temperature cycles induced by its orbit.
- In June 2024, REMONT, Enphase Energy, Inc. a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it started shipping its most powerful home battery to date, the IQ® Battery 5P™, in Canada. The IQ Battery 5P is a modular design with a 5-kWh capacity and can be paired with the new IQ8™ Microinverters to provide homeowners with reliable electricity to use whenever they need it.
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Energy Harvesting Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 660.12 Mn. |
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Forecast Period 2024-32 CAGR: |
10.16 % |
Market Size in 2032: |
USD 1577.02 Mn. |
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Segments Covered: |
By Sensor |
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By Component |
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By Technology |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Energy Harvesting Market by By Sensor
4.1 Energy Harvesting Market Snapshot and Growth Engine
4.2 Energy Harvesting Market Overview
4.3 IR
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size
Frequently Asked Questions
What would be the forecast period in the Energy Harvesting Market research report?
The forecast period in the Energy Harvesting Market research report is 2024-2032.
Who are the key players in the Energy Harvesting Market?
ABB Limited (Switzerland), Arveni (France), Bionic Power (Canada), Cymbet Corporation (USA), Enocean GmbH (Germany), Fujitsu Limited (Japan), Greenpeak Technologies (Netherlands), Honeywell International Inc. (USA), Linear Technology (USA), Lord Microstrain (USA), Lutron Electronics (USA), Microchip Technology Inc. (USA), Nextreme Thermal Solutions (USA), O-Flexx Technologies (Germany), Perpetuum Ltd. (UK), Piezo Systems Inc. (USA), Powercast Corporation (USA), Schneider Electric (France), STMicroelectronics (Switzerland), Texas Instruments (USA), Trenergy Inc. (Japan), Voltree Power Inc. (USA), Wurth Elektronik GmbH & Co. KG (Germany), Xidas (USA), Yokogawa Electric Corporation (Japan) and Other Active Players.
What are the segments of the Energy Harvesting Market?
The Energy Harvesting Market is segmented into Sensor, Component, Technology, Application, and region. By Sensor, the market is categorized into IR, Temperature, Pressure, and Humidity. By Component, the market is categorized into Controller, Transistor, Capacitor, and Battery. By Technology, the market is categorized into Light Energy Harvesting, Vibration Energy Harvesting, Thermal Energy Harvesting, and RF Energy Harvesting. By Application, the market is categorized into Consumer Electronics, Building and Home Automation, Industrial, and Transportation. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Energy Harvesting Market?
Energy harvesting is the process of capturing and converting ambient energy from natural sources, such as solar, thermal, wind, or kinetic, into usable electrical power. This technique allows electronic devices to operate without relying on traditional batteries, offering a sustainable power solution for small-scale, low-power applications like sensors and wearables.
How big is the Energy Harvesting Market?
Energy Harvesting Market Size Was Valued at USD 660.12 Million in 2023 and is Projected to Reach USD 1577.02 Million by 2032, Growing at a CAGR of 10.16% From 2024-2032.
