NEW YORK , June 22, 2022 /PRNewswire/ -- The Energy Harvesting Devices Market size is expected to increase by USD 595.34 million , at a CAGR of 17% according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.
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Energy Harvesting Devices Market Facts at a Glance-
Companies: 10+ – Including Analog Devices Inc., Cymbet Corp., EnOcean GmbH, Fujitsu Ltd., Honeywell International Inc., Microchip Technology Inc., Parker Hannifin Corp., Powercast Corp., STMicroelectronics NV, and Texas Instruments Inc. among others
Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
Segments: Technology (thermoelectric, piezoelectric, photovoltaic, electrodynamic, and others) and Application (building and home automation, industrial, consumer electronics, defense, and others)
Geographies: Europe (Germany , The Netherlands , and the UK), North America (US), APAC (China ), MEA, and South America
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Energy Harvesting Devices Market Scope
Accelerate at a CAGR of 17%
Europe, North America, APAC, MEA, and South America
US, Germany, China, UK, and The Netherlands
Leading companies, Competitive strategies, Consumer engagement scope
Analog Devices Inc., Cymbet Corp., EnOcean GmbH, Fujitsu Ltd., Honeywell International Inc., Microchip Technology Inc., Parker Hannifin Corp., Powercast Corp., STMicroelectronics NV, and Texas Instruments Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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The energy harvesting devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Analog Devices Inc.- The company offers a wide range of ultra low power ICs for energy harvesting applications. Power management products that convert energy from vibration (piezoelectric), photovoltaic (solar), and thermal (TEC, TEG, thermopiles, thermocouples) sources provide high-efficiency conversion to regulated voltages or to charge batteries and super capacitor storage elements.
Cymbet Corp.- The company offers EnerChips that enables high-efficiency Energy Harvesting (EH) designs that convert the relatively low levels of energy into an amount that can provide the power for an electronic system.
EnOcean GmbH- The company offers energy harvesting devices such as ECO 200 - Kinetic Energy Harvesting, ECS 300 - Solar cell for self-powered wireless sensors, ECT 310 Perpetuum - Thermo Energy Harvesting and others.
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34% of the market's growth will originate from Europe during the forecast period. Germany, UK, and The Netherlands are the key markets for energy harvesting devices in Europe . Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The growth of smart factories will facilitate the energy harvesting devices market growth in Europe over the forecast period.
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Latest Drivers & Trends of the Market-
Energy Harvesting Devices Market Driver:
The IoT is a system of interrelated devices or things that are embedded with electronics, software, sensors, and network connectivity. The IoT technology enables an Internet-connected device to use sensors and actuators to collect, record, and transmit data to other computing devices on a real-time basis. The demand for these IoT devices is primarily driven by developments in wired and wireless communication technologies, telecommunication standards, human-machine interface (HMI) technologies, and initiatives taken by governments worldwide to implement advanced technology-driven systems and solutions to improve their operational efficiency. This, in turn, is driving the demand for energy harvesting devices that enhance the functionality of IoT devices by offering them uninterrupted power without harming the environment.
Energy Harvesting Devices Market Trend:
Wearable devices, which include smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses, monitor the fitness levels of users while offering various other benefits to them. This technology has been gaining a lot of traction across all key regions worldwide. The continuous increase in the penetration of these solutions among customers is opening doors to immense growth opportunities for players in the global energy harvesting devices market. Many other companies, which see immense growth potential in this product segment, are also entering the market. This is expected to fuel the growth of the global energy harvesting device market during the forecast period.
Find additional information about various other market Drivers & Trends mentioned in our sample report.
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Market outlook: Forecast for 2020 - 2025
Building and home automation - Market size and forecast 2020-2025
Industrial - Market size and forecast 2020-2025
Consumer electronics - Market size and forecast 2020-2025
Defense - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Thermoelectric - Market size and forecast 2020-2025
Piezoelectric - Market size and forecast 2020-2025
Photovoltaic - Market size and forecast 2020-2025
Electrodynamic - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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