According to a market report by Lucintel, the future of the energy harvesting system market looks promising with opportunities in the building and 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 $810 million by 2025 with a CAGR of 8%-10% from 2019 to 2025. The major drivers for this market are increasing adoption of energy harvesting system in home automation and wearable electronics industry, growing demand for clean energy, and increasing demand for power-efficient and durable systems that require minimum or no maintenance.
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Light, vibration, thermal, and RF energy harvesting are the major technologies in this market. Within the energy harvesting system market, building and home automation, consumer electronics, industrial, transportation, and security are the major end use industries. However, transducers, PMICs, and secondary batteries are the major component types of the energy harvesting system market.
ABB, Advanced Linear Devices, Arveni, Bionic Power,ST microelectronics, Cymbet Corporation, Cypress Semiconductor Corporation, Enocean, Microchip Technology, and Fujitsu are among the major suppliers of energy harvesting system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the energy harvesting system market by technology, end use industry, component, and region. Lucintel has prepared a comprehensive research report entitled “Energy Harvesting System Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the energy harvesting system market by technology, end use industry, component, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
Light
Vibration
Thermal
Radio frequency
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Building and home automation
Consumer electronics
Industrial
Transportation
Security and Others
By Component [$M shipment analysis for 2014 – 2025]:
Transducers
PMICs
Secondary Batteries
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
Italy
United Kingdom
Asia Pacific
China
Japan
South Korea
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/energy-harvesting-system-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.