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The future of the global energy harvesting system market looks promising with opportunities in the home automation, consumer electronics, industrial, transportation, and security industries. The global energy harvesting system market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $810 million by 2025 with a CAGR of 8%-10% from 2019 to 2025. The major drivers for this market are increasing adoption of energy harvesting system in home automation and wearable electronics industry, growing demand for clean energy, and increasing demand for power-efficient and durable systems that require minimum or no maintenance.
Emerging trends, which have a direct impact on the dynamics of the industry, include miniaturization of electronic products and introduction of modified PZT zirconate titanate with Nb, for piezoelectric devices in energy harvesting applications.. ABB Ltd., STMicroelectronics, Advanced Linear Devices, Bionic Power, Fujitsu, EnOcean, and Texas Instruments are among the major energy harvesting system manufacturers.
A total of 80 figures / charts and 75 tables are provided in this 160-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the global energy harvesting system market report, please download the report brochure.