Energy Harvesting Equipment Market Forecasts to 2028 – Global Analysis By Component (Power Management Integrated Circuits (PMICS), Regulators, Converters, Transducers, Controllers, Transmitters, Sensors and Other Components), Energy Source (Radio Frequenc

Energy Harvesting Equipment Market Forecasts to 2028 – Global Analysis By Component (Power Management Integrated Circuits (PMICS), Regulators, Converters, Transducers, Controllers, Transmitters, Sensors and Other Components), Energy Source (Radio Frequency Energy, Solar Energy, Light Energy, Vibration Energy, Thermal Energy, Piezoelectric Energy and Other Energy Sources), Application, End User and By Geography

According to Stratistics MRC, the Global Energy Harvesting Equipment Market is accounted for $516.6 million in 2022 and is expected to reach $935.4 million by 2028 growing at a CAGR of 10.4% during the forecast period. Energy Harvesting is process where energy is extracted from a system or environment and then transformed into useable electric power. The major component of this system is a circuitry that manages electricity, charges energy storage cells, and provides protection and regulation. The energy harvesting equipment capture some of this wasted energy, convert it to electricity, and put it to work. This equipment is applied in consumer electronics, industrial, building, bicycle dynamo, military and aerospace, automotive, healthcare and research.

According to the Business Standard Budget, the centre has proposed a scheme worth Rs 1,000 crores to invite private companies to set up manufacturing zones for power and renewable energy (RE) equipment. The three proposed zones are proposed to come up by 2026-27.

Market Dynamics:

Driver:

Accelerating use of IoT technology

The growth of IoT is accelerating the demand for wireless equipment that can operate without maintenance. Automation applications including lighting controls, building management systems, security access, and fire & life safety are made possible by the Internet of Things. This creates a huge requirement for data processing and collecting, which demands intense automation. The sensor component is the most suitable data collecting system which is mostly applied in healthcare and manufacturing and thus driving the growth of the market.

Restraint:

Restrictions of networking modules

For optimal signal transmission, the transmitters and receivers used in energy harvesting equipment must be located close together. The broadcast signal must travel a great distance before it can reach the main receiver. An energy harvesting system cannot be networked if there is too much device signal interference. So, the energy generated can be utilized only for minimal time which is hampering the growth of the market.

Opportunity:

Growing adoption of renewable sources

Renewable energy sources such as solar, wind, tidal, ocean and other sources are being adopted at a large pace as a result of government efforts to minimise carbon footprints. These sources provide carbon clean energy and they are available for cheaper prices. This factor is anticipated to witness a lucrative growth in the market.

Threat:

High initial costs

Due to the materials used in this equipment and the circumstances in which they are employed, the cost of the energy harvesting technology, in certain instances, will be quite expensive. The energy harvesting technique produces less current than other technologies, which prevents it from being used in all energy domains. All these aspects are anticipated to hinder the worldwide market's expansion.

Covid-19 Impact

The pandemic has negatively impacted the global energy harvesting systems market owing to the lockdowns imposed across the globe. Applications for energy harvesting systems include consumer electronics, industrial power generation, transportation, security, and home and building automation all of which are shutdown due to corona virus and caused a slowdown in energy harvesting system production. It is projected that the demand for energy harvesting systems would increase dramatically over time.

The sensors segment is expected to be the largest during the forecast period

The sensors segment is estimated to have a lucrative growth, due to the growing low-power wireless communications interfaces. This market's rapid rise is related to the rising need for low-cost integrated circuits with signal processing, communication, and data gathering capabilities. These sensors are used in heat exchangers, actuators, motors and drives, air handlers, heat recovery units, steam traps, boilers, valves and pipe work which are driving the segment’s growth.

The thermal energy segment is expected to have the highest CAGR during the forecast period

The thermal energy segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its rising usage in IoT applications. To encourage its usage in IoT applications, several top thermal energy harvesting businesses are collaborating. Factors such as recovering waste heat from power household appliances, machinery, wearable technology and other gadgets are fuelling the segments growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its investments on renewable energy. The need for energy harvesting systems in the region is rising rapidly due to high industrial applications. The high purchasing power and growing tech-savvy population in this region will help in the growth of the IoT systems which are propelling the market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to its favourable policies and regulations. It has the presence of intelligent building and building automation vendors. This region has high awareness regarding green buildings. Many policies and regulations are implemented regarding increasing energy efficiency of buildings. This region is the adopter of energy-efficient solutions such as power generation and energy harvesting. Its government introduced clean energy solutions which are driving the region’s market growth drastically.

Key players in the market

Some of the key players profiled in the Energy Harvesting Equipment Market include Texas Instruments Incorporated, Analog Devices Inc, ABB Limited, Microchip Technology Inc, E-Peas SA, Advanced Linear Devices Inc, Cypress Semiconductor Corporation, EnoCean GmbH, STMicroelectronics NV, Piezo.com, Powercast Corporation, Fujitsu Global, Cymbet Corporation, Linear Technology, Convergence Inc, Mide Technology Corporation, Honeywell, GreenPeak Technologies, LORD Corporation and Power Costs Inc

Key Developments:

In October 2022, Fujitsu Australia announced the launch of its new portfolio of business notebooks, the LIFEBOOK range of high-performance notebooks featuring the 12th Gen Intel® Core™ processors. The launch represents a significant development for the business community in managing the evolving nature of hybrid working. The notebooks will enable businesses to expand their horizons through the flexibility offered by the product suite’s slim and lightweight form factor.

In September 2022, Powercast Corporation, the leader in radio-frequency (RF)-based over-the-air wireless power technology, has created a unique cellular-based RF Power-Over-Distance Wireless Charging Platform, built around Sequans Monarch cellular IoT connectivity technology. Powercast will demonstrate the solution at Mobile World Congress in Las Vegas.

In February 2022, ABB India launches new series of smart monitoring solutions for the digital panel meter. These smart solutions in metering and energy monitoring enable users to make better choices to monitor their power consumption.

Components Covered:
• Power Management Integrated Circuits (PMICS)
• Regulators
• Converters
• Transducers
• Controllers
• Transmitters
• Sensors
• Other Components

Energy Sources Covered:
• Radio Frequency Energy
• Solar Energy
• Light Energy
• Vibration Energy
• Thermal Energy
• Piezoelectric Energy
• Other Energy Sources

Applications Covered:
• Wireless Switching Systems
• Wireless Sensing & Telematics Systems
• Wireless HVAC Systems
• Asset Tracking Systems
• Tire Pressure Monitoring Systems
• Remote Health Monitoring Systems
• Regenerative Braking Systems
• Other Applications

End Users Covered:
• Automotive
• Consumer Electronics
• Military
• Aerospace
• Healthcare
• Industrial Automation
• Building
• Home Automation
• Security
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Energy Harvesting Equipment Market, By Component
5.1 Introduction
5.2 Power Management Integrated Circuits (PMICS)
5.3 Regulators
5.4 Converters
5.5 Transducers
5.6 Controllers
5.7 Transmitters
5.8 Sensors
5.9 Other Components
6 Global Energy Harvesting Equipment Market, By Energy Source
6.1 Introduction
6.2 Radio Frequency Energy
6.3 Solar Energy
6.4 Light Energy
6.5 Vibration Energy
6.6 Thermal Energy
6.7 Piezoelectric Energy
6.8 Other Energy Sources
7 Global Energy Harvesting Equipment Market, By Application
7.1 Introduction
7.2 Wireless Switching Systems
7.3 Wireless Sensing & Telematics Systems
7.4 Wireless HVAC Systems
7.5 Asset Tracking Systems
7.6 Tire Pressure Monitoring Systems
7.7 Remote Health Monitoring Systems
7.8 Regenerative Braking Systems
7.9 Other Applications
8 Global Energy Harvesting Equipment Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Consumer Electronics
8.4 Military
8.5 Aerospace
8.6 Healthcare
8.7 Industrial Automation
8.8 Building
8.9 Home Automation
8.10 Security
8.11 Other End Users
9 Global Energy Harvesting Equipment Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Texas Instruments Incorporated
11.2 Analog Devices Inc
11.3 ABB Limited
11.4 Microchip Technology Inc
11.5 E-Peas SA
11.6 Advanced Linear Devices Inc
11.7 Cypress Semiconductor Corporation
11.8 EnoCean GmbH
11.9 STMicroelectronics NV
11.10 Piezo.com
11.11 Powercast Corporation
11.12 Fujitsu Global
11.13 Cymbet Corporation
11.14 Linear Technology
11.15 Convergence Inc
11.16 Mide Technology Corporation
11.17 Honeywell
11.18 GreenPeak Technologies
11.19 LORD Corporation
11.20 Power Costs Inc
List of Tables
Table 1 Global Energy Harvesting Equipment Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Energy Harvesting Equipment Market Outlook, By Component (2020-2028) ($MN)
Table 3 Global Energy Harvesting Equipment Market Outlook, By Power Management Integrated Circuits (PMICS) (2020-2028) ($MN)
Table 4 Global Energy Harvesting Equipment Market Outlook, By Regulators (2020-2028) ($MN)
Table 5 Global Energy Harvesting Equipment Market Outlook, By Converters (2020-2028) ($MN)
Table 6 Global Energy Harvesting Equipment Market Outlook, By Transducers (2020-2028) ($MN)
Table 7 Global Energy Harvesting Equipment Market Outlook, By Controllers (2020-2028) ($MN)
Table 8 Global Energy Harvesting Equipment Market Outlook, By Transmitters (2020-2028) ($MN)
Table 9 Global Energy Harvesting Equipment Market Outlook, By Sensors (2020-2028) ($MN)
Table 10 Global Energy Harvesting Equipment Market Outlook, By Other Components (2020-2028) ($MN)
Table 11 Global Energy Harvesting Equipment Market Outlook, By Energy Source (2020-2028) ($MN)
Table 12 Global Energy Harvesting Equipment Market Outlook, By Radio Frequency Energy (2020-2028) ($MN)
Table 13 Global Energy Harvesting Equipment Market Outlook, By Solar Energy (2020-2028) ($MN)
Table 14 Global Energy Harvesting Equipment Market Outlook, By Light Energy (2020-2028) ($MN)
Table 15 Global Energy Harvesting Equipment Market Outlook, By Vibration Energy (2020-2028) ($MN)
Table 16 Global Energy Harvesting Equipment Market Outlook, By Thermal Energy (2020-2028) ($MN)
Table 17 Global Energy Harvesting Equipment Market Outlook, By Piezoelectric Energy (2020-2028) ($MN)
Table 18 Global Energy Harvesting Equipment Market Outlook, By Other Energy Sources (2020-2028) ($MN)
Table 19 Global Energy Harvesting Equipment Market Outlook, By Application (2020-2028) ($MN)
Table 20 Global Energy Harvesting Equipment Market Outlook, By Wireless Switching Systems (2020-2028) ($MN)
Table 21 Global Energy Harvesting Equipment Market Outlook, By Wireless Sensing & Telematics Systems (2020-2028) ($MN)
Table 22 Global Energy Harvesting Equipment Market Outlook, By Wireless HVAC Systems (2020-2028) ($MN)
Table 23 Global Energy Harvesting Equipment Market Outlook, By Asset Tracking Systems (2020-2028) ($MN)
Table 24 Global Energy Harvesting Equipment Market Outlook, By Tire Pressure Monitoring Systems (2020-2028) ($MN)
Table 25 Global Energy Harvesting Equipment Market Outlook, By Remote Health Monitoring Systems (2020-2028) ($MN)
Table 26 Global Energy Harvesting Equipment Market Outlook, By Regenerative Braking Systems (2020-2028) ($MN)
Table 27 Global Energy Harvesting Equipment Market Outlook, By Other Applications (2020-2028) ($MN)
Table 28 Global Energy Harvesting Equipment Market Outlook, By End User (2020-2028) ($MN)
Table 29 Global Energy Harvesting Equipment Market Outlook, By Automotive (2020-2028) ($MN)
Table 30 Global Energy Harvesting Equipment Market Outlook, By Consumer Electronics (2020-2028) ($MN)
Table 31 Global Energy Harvesting Equipment Market Outlook, By Military (2020-2028) ($MN)
Table 32 Global Energy Harvesting Equipment Market Outlook, By Aerospace (2020-2028) ($MN)
Table 33 Global Energy Harvesting Equipment Market Outlook, By Healthcare (2020-2028) ($MN)
Table 34 Global Energy Harvesting Equipment Market Outlook, By Industrial Automation (2020-2028) ($MN)
Table 35 Global Energy Harvesting Equipment Market Outlook, By Building (2020-2028) ($MN)
Table 36 Global Energy Harvesting Equipment Market Outlook, By Home Automation (2020-2028) ($MN)
Table 37 Global Energy Harvesting Equipment Market Outlook, By Security (2020-2028) ($MN)
Table 38 Global Energy Harvesting Equipment Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings