Energy & Green Renewable Technology Market News

Detailed examination of the Global energy harvesting system market forecast to 2024

Global Energy Harvesting System Market, By Components {Transducer (Photovoltaic, Electrodynamic, Piezoelectric and Electromagnetic, Thermoelectric, Radio Frequency (RF) Transducer), Power Management Integrated Circuit (PMIC) Secondary Battery}, By Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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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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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.

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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.

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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