Global Piezoelectric Energy Harvesting System Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The piezoelectric energy harvesting system industry is expected to benefit tremendously from the government policies aimed at reducing carbon emissions by increasing reliance on renewable energy for power generation. As a result, efforts to harness piezoelectric energy for various purposes will be accelerated thanks to an increase in government and commercial partner investments and stricter regulatory standards.

Global piezoelectric energy harvesting system Market was valued at USD 116.00 million in 2021 and is expected to reach USD 267.33 million by 2029, registering a CAGR of 11.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Market Definition

The device that transforms environmental energy into useful electric power is known as an energy harvesting system, which captures minute amounts of environmental energy that would otherwise be wasted as heat, light, sound, or vibration. As the piezoelectric energy harvesting depends simply on the inherent polarization of the material, piezoelectric energy harvesting is a relatively practical method for gathering ambient mechanical energy and transforming it into electric power.

Report Scope and Market Segmentation

Piezoelectric Energy Harvesting System Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand for Power-Efficient, Safe and Durable Systems

Consumer electronics, wearable technology, building and home automation, and industrial applications all use devices that are powered by gathered energy. The installation of traditional sensor networking wiring systems takes a long time, wiring is expensive, they have a short lifespan and are more prone to harm. On the other hand, an increase in equipment uptime can be seen without using any batteries as the major power source by recovering a little quantity of lost energy. The device can be charged entirely by energy harvesting. As a result, there is no need to power the gadget outside via cables or portable batteries, which lowers the cost of maintenance and lowers operating expenses overall. As a result, the market is projected to have an accelerated growth over the forecasted period.

Furthermore, the implementation of internet of things (IoT) in automation and energy harvesting is a major driver of the global piezoelectric energy harvesting system market. The adoption of sensors in wearable electronics is a major driving force in the global bio pelleting energy market. Furthermore, the home automation increasing trend for green energy is also projected to boost the market’s growth rate.

Opportunities

• Awareness and Initiatives

Furthermore, the increasing awareness on how to conserve the energy has further boosted various initiatives by the government to conserve power extends profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Development of Cost-effective Technology

Additionally, to lower the cost of the devices and save energy, some businesses are upgrading energy harvesting technology. For instance, EnOcean (Germany) installed many wireless and self-powered switches that automatically control the lighting in buildings, saving 40 percent of the energy cost. This factor will further generate various growth prospects for the market.

Restraints/Challenges

• Limitations of Remotely Installed Networking Modules

Low-power uses of the piezoelectric energy harvesting technology are found in a variety of mobile and portable markets, including military, transportation, and medical equipment. These systems are also used in applications that demand a backup battery, particularly if the battery is placed remotely or in an awkward location. It is challenging to gather data at the central receiver when the sensor devices are positioned in far areas. The mesh networking of an energy harvesting system is also impractical in areas with excessive device signal interference. Consequently, a signal's transmission time is also incredibly short. This will further hinder the overall market growth.

• Standardization of Communication Protocols

The standardization of communication protocols in the ecosystem of energy harvesting systems enables businesses to create gadgets with less analytical work. The key element that connects devices in wireless electronics is the communication protocol. The uniform protocol is crucial for both the individual parts and the entire system. Different communication protocols mostly impede the expansion of businesses that operate independently, as Linear Technology (U.S.), or impede the expansion of new competitors.
 

This piezoelectric energy harvesting system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the piezoelectric energy harvesting system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Piezoelectric Energy Harvesting System Market

The recent outbreak of coronavirus had a negative impact on the piezoelectric energy harvesting system market owing to the the slowdown in the consumer electronics sector. Moreover, due to rigorous government regulations, electronic firms were obliged to temporarily halt operations or operate at a reduced capacity. However, because of constraints on leaving the house and a rise in the use of mobile and handheld devices, the COVID-19 epidemic has had a favorable effect for the home automation industry. The market for piezoelectric energy harvesting systems will expand over the next years as a result of expanding developments in the building and home automation sectors.

The delay in the creation of new energy harvesting modules and products is a result of the disruption brought on by the lack of semiconductor components. The expansion of the existing orders for energy harvesting systems has been further slowed down as a result. COVID-19 has a significant impact on end-user applications. The main field of use for energy harvesting is building and home automation. The market for building and home automation is anticipated to decrease because to COVID-19's interruption. A select few significant players may anticipate the short-term effects and look for opportunities following the outbreak.

Recent Developments

• In October 2020, Singapore's coronavirus testing system included robots from ABB. Robots from the company are employed in the city-Rapid state's Automated Volume Enhancer testing system, which automates some of the human stages typically involved in sample processing. 4,000 samples can be processed per day by two sets of the equipment.

Global Piezoelectric Energy Harvesting System Market Scope

The piezoelectric energy harvesting system market is segmented on the basis of technology, component, application, energy source and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Light
• Vibration
• Radio Frequency (RF)
• Thermal
• Electromagnetic
• Kinetic

 Component

• Transducer
• Power Management Integrated Circuit
• Secondary Battery

 Application

• Building and Home Automation
• Industrial
• Transportation
• Security
• Retail
• Bicycle Dynamo
• Military and Aerospace
• Consumer Electronics

Energy Source

• Electric
• Gravitational
• Magnetic
• Nuclear
• Thermal
• Chemical
• Mechanical
• Radiation

 End Use

• Wireless Switching System
• Wireless HVAC System
• Wireless Sensing And Telematics System
• Tire Pressure Monitoring System
• Asset Tracking System
• Remote Health Monitoring System
• Regenerative Energy Harvesting System

Piezoelectric Energy Harvesting System Market Regional Analysis/Insights

The piezoelectric energy harvesting system market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.

The countries covered in the piezoelectric energy harvesting system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the piezoelectric energy harvesting system market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increased adoption and application of energy harvesting systems in buildings and home appliances within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing need, demand, awareness and adoption of energy harvesting systems within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Piezoelectric Energy Harvesting System Market Share Analysis

The piezoelectric energy harvesting system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to piezoelectric energy harvesting system market.

Some of the major players operating in the piezoelectric energy harvesting system market are

• ABB (Switzerland)
• Linear Technologies Inc., (U.S.)
• Convergence Wireless (U.S.)
• Cymbet (U.S.)
• EnOcean (Germany)
• Fujitsu (Japan)
• Honeywell International Inc. (U.S.)
• ST Microelectronics (Switzerland)
• Powercast Corp (U.S.)
• Texas Instruments Incorporated (U.S.)
• Carmanah Technologies Corp (Canada)
• Dyesol Ltd. (Australia)
• Solarwatt (Germany)
• Hanergy Holding Group Limited (China)
• Ertex Solartechnik GmbH (Germany)
• Taiyo Kogyo Corporation (Japan)
• Onyx Solar Group LLC (Spain)

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