Get Ready to Grow Your Business by Tapping into the US$651 Million Opportunity for Energy Harvesting System
The global market for Energy Harvesting System is projected to reach US$651. 5 million by 2025, driven by the growing appreciation of the need to reduce and reuse resources to ease the environmental burden and manage climate change challenges.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Energy Harvesting System market. Report segmentation include Technology (Light, Vibration, RF, Thermal); and Application (Building & Home Automation, Industrial, Transportation, Other Applications).
10 June 8:15 A.M., California/Marketwire/ - According to the new market research report, the global market for Energy Harvesting System is projected to reach US$651. 5 million by 2025, driven by the growing appreciation of the need to reduce and reuse resources to ease the environmental burden and manage climate change challenges. The market is expected to decline in the year 2020 before recovering to reach a revised market size and reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
Energy efficiency is the most important way to tackle climate change and meet sustainable development goals (SDGs). With global energy supply under stress, it's time to capture and reuse wasted energy. All energy related activities such as cooking, heating, cooling, lighting, transportation results in energy wastages. Energy harvesting offers an innovative way to capture energy wasted during primary energy output. Innovations are underway to develop energy harvesting equipment capable of capturing energy lost in each activity to enhance efficiency of non-sustainable systems. Examples include regenerative braking in cars, dynamic Thermoelectric Generators (TEGs) to reuse energy in smart phones, capturing heat from hot water from heat exchangers in a process plants etc. Energy harvesting systems depend on transducers, energy storage and power management devices for harvesting and storing the energy. Transducers or harvesters collect and convert energy from a source into electricity. Standard transducers feature photovoltaic cells for light, thermoelectric components for heat, inductive components for magnetic, RF for radio frequency and piezoelectric parts for vibrations or kinetic energy. The main energy storage components used in energy harvesting systems are batteries and super-capacitors. On the other hand, power management components condition electricity into appropriate for proper usage. Typical conditioners represent regulators or sophisticated control circuits capable of running the power on the basis of power requirements and available power.
Energy harvesting power management ICs are an integral component of energy harvesting systems. These devices receive low, intermittent energy produced by energy harvesting systems and transform it for storage into dedicated storage devices that can be batteries, capacitors and super-capacitors. The stored energy can be used for powering intended devices with low power requirements. Energy harvesting power management ICs manage power outflow from storage devices and prevent energy usage by a device when it is below the threshold value. Energy harvesting systems leverage ambient light, vibration, motion, electromagnetic radiation or thermal gradients to generate power that can be used by electronic devices. These systems rely on energy storage systems to ensure power delivery when the electricity can't be produced. These applications often involve the use of rechargeable batteries, also termed as secondary cells. These batteries feature specific rechargeable chemistry like lithium-polymer, nickel-cadmium, or solid-state thin films. The cell chemistry directly influences battery performance limits and metrics. The potential use of free mechanical vibration to power self-sustained wireless electronics, portable devices and remote sensors has established energy harvesting an interesting domain. Researchers are focusing on variable capacitance by using motion of dielectric or water and conductive like mercury droplets to efficiently harvest energy. Ongoing developments in this direction are anticipated to enable researchers to effectively use droplets for harvesting energy.
Key Competitors Covered in the Report
Advanced Linear Devices Inc.
Analog Devices Inc.
Bionic Power Inc.
Cypress Semiconductor Corporation.
Maxim Integrated Inc.
Mide Technology Corporation
Perpetua Power Source Technologies Inc.
Texas Instruments Inc.
Voltree Power Inc.
Wireless Sensor Solutions LLC.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1231. Among this pool, 222 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 49 unique participations, a total of 22 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
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Global Industry Analysts, Inc.