New Research: Lucintel Predicts a Bright Future for the Energy Harvesting System Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Energy Harvesting System Market 2019-2024”?

This market report for energy harvesting system identifies and predicts future opportunities for growth in energy harvesting system market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for energy harvesting system in the building and home automation, consumer electronics, industrial, transportation, and security industries.

According to Lucintel’s market report, the global energy harvesting system market is expected to grow with a CAGR of 10% from 2019 to 2024. Some of the dominant players in the energy harvesting system market are ABB, Advanced Linear Devices, Arveni, Bionic Power,ST microelectronics, Cymbet Corporation, Cypress Semiconductor Corporation, Enocean, Microchip Technology, and Fujitsu.

There are some interesting developments in energy harvesting system market as competition heats up and players try to increase their market share. The major growth drivers for this market are growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance, extensive implementation of IoT devices in automation and energy harvesting technology, increasing trend for green energy, and favorable initiatives by the governments.

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