Global Energy Harvesting System Market – Industry Trends and Forecast to 2030

Global Energy harvesting system market, By Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, Thermal Energy Harvesting) Component (Energy Harvesting Transducers, Power Management Integrated Circuits (PMIC), Storage System), Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Others) – Industry Trends and Forecast to 2030.

Energy Harvesting System Market Analysis and Size

The global energy harvesting system market is segmented on the basis of technology, component, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the global energy harvesting system market which was USD 750 million in 2022, would rocket up to USD 1,057.7 million by 2030, and is expected to undergo a CAGR of 7.5% during the forecast period. By technology segment is expected to dominate the market because the use of harvesting system depends on its technology type. An energy harvesting system, also known as an energy scavenging system, is a technology that captures and converts ambient energy from the environment into usable electrical energy. It enables the powering or recharging of electronic devices and sensors without relying on conventional power sources like batteries or grid electricity. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Energy Harvesting System Market Scope and Segmentation

Market Definition

The global energy harvesting system market uses devices and technologies that capture and convert ambient energy from various environmental sources into usable electrical energy. Energy harvesting systems, also known as energy scavenging systems, utilize renewable and sustainable energy sources such as solar radiation, thermal gradients, vibrations, and electromagnetic waves to generate power for various applications.

Global Energy Harvesting System Market Dynamics

Drivers

• Expansion of wearable electronics and consumer electronics

The demand for wearable electronics, such as smartwatches, fitness trackers, and health monitoring devices, is growing rapidly. Energy harvesting systems can provide a self-sustaining power source for these devices, eliminating the need for frequent battery replacements or recharging. Integrating energy harvesting technology into consumer electronics offers convenience and extends the battery life of portable devices.

• Green building and smart cities initiatives

The increasing focus on green building and smart city initiatives worldwide presents opportunities for energy harvesting systems. These systems can be integrated into buildings and urban infrastructure to capture energy from solar panels, vibrations from foot traffic, or temperature differentials for powering lighting, HVAC systems, and other electronic devices. Energy harvesting technology contributes to sustainability goals and reduces the reliance on conventional energy sources.

• Remote and wireless applications

Energy harvesting systems are particularly suitable for remote or wireless applications where access to power sources is challenging. Examples include wireless sensor networks for environmental monitoring, smart agriculture, and asset tracking systems. Energy harvesting technology enables these applications to operate autonomously and wirelessly, reducing maintenance and improving operational efficiency.

Opportunities

• Proliferation of IoT devices and wireless sensor networks

The proliferation of IoT devices and wireless sensor networks presents a significant opportunity for energy harvesting systems. These systems can power low-power IoT devices and sensors, eliminating the need for batteries or wired power sources. As the IoT market continues to grow, the demand for energy harvesting systems to power these devices is expected to rise.

Restraints/Challenges

• Improving energy conversion efficiency

One of the primary challenges in energy harvesting systems is improving energy conversion efficiency. Harvesting energy from ambient sources often results in relatively low power outputs compared to conventional power sources. Enhancing the efficiency of energy conversion technologies, such as solar cells, thermoelectric generators, and electromagnetic harvesters, is crucial for maximizing the energy harvesting potential and making the systems more viable for practical applications.

• Low power outputs

Energy harvesting systems typically provide low power outputs, which can be a limiting factor for certain applications with higher power requirements. It poses challenges in powering energy-intensive devices or applications that demand a continuous and substantial power supply. Finding ways to increase the power output of energy harvesting systems without compromising efficiency is a significant challenge that needs to be addressed.

Recent Development

• In January 2021, Barbara IoT, a Spain-based startup company, closed a round of over USD 469.46 thousand (Euro 400k) to develop its operating system for industrial IoT
• In May 2019, Cybus, a startup company based in Germany, announced that it had secured funding from btov Partners for implementation of its industrial Internet of Things (IoT).

Global Energy Harvesting System Market Scope

The global energy harvesting system market is segmented on the basis of technology, component, and application. 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 Energy Harvesting
• Vibration Energy Harvesting
• Radio Frequency Energy Harvesting
• Thermal Energy Harvesting

Component

• Energy Harvesting Transducers
• Power Management Integrated Circuits (PMIC)
• Storage System

Application

• Building & Home Automation
• Consumer Electronics
• Industrial
• Transportation
• Others

Global Energy Harvesting System Market Regional Analysis/Insights

The global energy harvesting system market is analyzed, and market size insights and trends are provided by type and applications, as referenced above.

The countries covered in the global 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, 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, South Africa, Egypt, Israel, 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 is expected to dominate the energy harvesting system market because the U.S. has a strong reputation for technological innovation and advancement. North American companies often invest heavily in research and development, leading to the creation of cutting-edge energy harvesting system technologies. These advancements can give them a competitive edge in the market. This combination of factors positions the U.S. as a dominant player in the energy harvesting system market.    The Asia Pacific region is the fastest-growing market for harvesting activities. This is due to the increasing demand for harvesting equipment’s in the region's growing agriculture industries. Countries such as China, India, and South Korea are leading the growth of the harvesting system market in the Asia Pacific.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global energy harvesting system market also provides you with a detailed market analysis for every country’s growth in technology expenditure for capital equipment, installed base of different kinds of products for the global energy harvesting system market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the energy harvesting system market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Energy Harvesting System Market Share Analysis

The global 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, and application dominance. The above data points provided are only related to the companies' focus related to market.

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

• Xidas (Germany)
• Cedrat Technologies SA (France)
• Physik Instrumente (PI) GmbH & Co. KG (Germany)
• Cymbet Corporation (U.S.)
• ZF Friedrichshafen AG (Germany)
• Advanced Linear Devices Inc. (U.S.)
• Tekceleo, Analog Devices (U.S.)
• Mide Technology Corporation (U.S.)
• Powercast (U.S.)