Global Energy Harvesting System Market, By Components, By Application, By Geography – Industry Trends and Forecast to 2024
The Global Energy Harvesting System Market accounted to USD 294.2 million in 2016 growing at a CAGR of 10.64% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Energy Harvesting System Market
Energy harvesting systems are those that are designed with the intention of energy harvesting also known as power harvesting, energy scavenging or the ambient power. Energy harvesting involves obtaining energy from the external sources such as wind power, solar power, and kinetic energy or salinity gradients.
Energy Harvesting holds incredible guarantee for both low-voltage and low control applications in an extensive variety of compact or portable markets, for example, medicinal hardware, buyer gadgets, transportation, mechanical controls and military. It is likewise a solid contender for applications that require a go down battery, particularly if the battery is in a remote or troublesome area to reach.
Maybe the greatest guarantee is that vitality reaping will empower new market applications and items that are presently impractical or even idea of yet.
Major Market Drivers and Restraints:
- Increasing Demand for Power-Efficient, and Durable Systems That Require Minimum Or No Maintenance
- Increasing Trend for Green Energy and Favorable Initiatives By the Governments
- Rising Adoption of Wireless Sensor Networks Equipped With Energy Harvesting System
- Technological advancements in the field of energy harvesting
- Government support for energy conservation
The global energy harvesting system market is segmented on the basis of components, application and geography.
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On the basis of component the market is segmented into Hardware, Software, and Services. The hardware segment is further sub-segmented into card-based readers, biometric readers, multi-technology readers, electronic locks, and controllers.
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On the basis of Application the Energy Harvesting Market is segmented into Building & Home Automation, Consumer Electronics, Industrial, Transportation, and Security.
On the basis of geography, Energy Harvesting Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Energy Harvesting Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in Energy Harvesting Market are Voltree Power Inc., Bionic Power Inc., O-Flexx Technologies GmbH, ABB Limited, Arveni, Convergence Wireless, Cymbat Corporation, Enocean GmbH, Fujitsu Limited, Greenpeak Technologies B.V., Honeywell International Inc., Powercast Corporation, Microchip Technology Inc., Stmicroelectronics N.V., Texas Instruments Incorporated, Voltree Power Inc., Bionic Power Inc., O-Flexx Technologies GmbH.
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