Energy Harvesting System Market to grow at a Significant Rate during Forecast Period
Adoption of internet of things and
preference shift towards wireless network infrastructure is expected to drive global
energy harvesting system market through 2026.
According to TechSci Research report, “Global
Energy
Harvesting System Market, By Technology (Light Energy, Vibration Energy,
Thermal Energy, Others), By Application (Building & Home Automation,
Consumer Electronics, Industrial, Others), By Component (Transducer, Power
Management Integrated Circuit, Storage Systems), By Company and By Geography,
Forecast & Opportunities, 2026”, global energy harvesting system market is expected
to grow at a steady rate during the forecast period on account of rising trend
of adoption of renewable energy sources, demand for managing the solution
efficiently has surged across the world ultimately boosting the global energy
harvesting system market. Emerging technology of tire management system adopted
in automobiles to conserve energy and power-up the small sensors installed in tires
by using the harvested energy. Electric vehicles market is expected to witness promising
growth in the coming years thereby fueling the growth for global energy
harvesting system market. Government policies and initiatives for adoption of
cleaner and green power sources is fostering the market growth. Also,
initiatives to lower the carbon footprint is creating the need for minimal
energy wastage thereby surging the demand for the energy harvesting system
globally. Advantage of energy saving from efficient energy harvesting system
leading to lower electricity bills and reduction in carbon emission are the two
contributing factors aiding in the global energy harvesting system market.
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Global battery monitoring system
market is segmented based on filter type, price segment, sales channel, region,
and company. Based on filter type, market is further categorised into light
energy, vibration energy, thermal energy, others. Light energy harvesting
technology is anticipated to witness highest CAGR during the forecast period
owing to high-end investments by major players of solar energy manufacturing
companies. Plethora of companies are providing solar energy solutions for
building and home automations, security applications and other significant
sectors.
Based on application, global energy
harvesting system is divided into building & home automation, consumer
electronics, industrial and others. Buildings and home automations is expected
to register highest growth during the predicted period on account of rising
adoption of internet of things and wireless systems to enhance consumer
experience and aid in real-time analytics is propelling the global energy
harvesting system market growth. Based on components, market is segmented into transducer,
power management integrated circuit, storage systems. Transducer is expected to
hold lion’s share in market for the next five years due to the changing
climatic conditions and rise in expenditure on the renewable energy resources.
STMicroelectronics, Cymbet Corporation, ABB Group, Powercast
Corporation, EnOcean GmbH, Analog Devices Inc., Voltree Power, Inc., Schneider
electric, Bionic Power Inc., Honeywell International Inc. are the leading
players operating in the global energy harvesting system market. Energy
harvesting system manufacturers are increasingly focusing on developing and
manufacturing high-tech products. To meet evolving customer demand with respect
to better efficiency and durability, several energy harvesting system
manufacturers are coming up with their technologically advanced offerings.
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“High
penetration of internet across the globe coupled with surge in demand for
emerging advanced technology internet of things to enhance consumer experience
is expected to aid in the global harvesting energy system market growth. Also,
rising trend of home automation and implementation of energy harvesting in
residential and commercial buildings is expected to foster market growth until
2026,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Energy
Harvesting System Market, By Technology (Light Energy, Vibration Energy,
Thermal Energy, Others), By Application (Building & Home Automation,
Consumer Electronics, Industrial, Others), By Component (Transducer, Power
Management Integrated Circuit, Storage Systems), By Company and By Geography,
Forecast & Opportunities, 2026” has evaluated the
future growth potential of global energy harvesting system market and provided
statistics & information on market size, shares, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the global energy harvesting system market.
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