Energy Harvesting Systems Market - Forecast(2024 - 2030)

Report Code: ESR 0699 Report Format: PDF + Excel

Energy Harvesting Systems Market Overview

The global energy harvesting systems market is estimated to grow at a CAGR of 12.1% during the forecast period, 2021-2026, and shall cross $1 billion mark by 2026, from around $615 million in 2020. Energy harvesting devices help in energy conservation in Power Management Integrated Circuits (PMIC) which are been dissipated in terms of heat, electromagnetic radiation, light, sound, vibration, or movement. Devices aids in harvest or energy scavenging can capture, accumulate, store, condition, and manage this energy into electricity for further consumption. Although the market shall witness a slight downturn of around -4% in 2020 due to the impact of COVID-19, the market shall bounce back in 2021 on the back of strong consumer demand in electronics, photovoltaics and industry verticals such as Oil and Gas, Manufacturing etc. Governments and favorable public initiatives are the major drivers for energy harvesting market growth. Public actors consider energy harvesting as a key tool for meeting the rising energy demand and saving energy. The imperative to face the issue of climate change and global warming will fuel the growth of the market during the forecast years. The market for commercial building automation is booming today and is expected to face a 5% growth between 2015 and 2019. Energy harvesting wireless solutions find increasing applications in building and home automation thanks to their high cost saving potential.

Report Coverage

The report: “Energy Harvesting Systems Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Energy Harvesting market

By Technology: Thermoelectric Energy Harvesting, Photoelectric Energy Harvesting, Mechanical Energy Harvesting, Radio Wave Energy Harvesting, Regenerative Energy Harvesting, Others.
By End User:   Home & Building Automation, Consumer Electronics, Industrial, Transportation & Logistics, Others.
By Application: Wireless Switching, Wireless HVAC Sensors, Wireless Sensing and Telematics, Tire Pressure Monitoring System, Asset Tracking, Remote Health Monitoring.
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Key Takeaways

  • The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Energy Harvesting market in APAC.
  • With the implementation of the new regulations focusing on the emissions and traffic congestion, the increasing population which results in massive urbanization rates by 16% and is expected to proliferate sales of electric vehicles in near future which in turn fuel energy harvesting system market growth.
  • The introduction of the new advanced process which convert mechanical energy into chemical directly while modifying the Li-ion battery, aid in automatically charging with energy generated by the movement of the individual.
  • Developing countries are facing challenge on reducing the carbon footprints while ensuring people’s access to energy and powering rapid economic growth. Most countries are also seeking ways to enhance their energy security by reducing reliance on fossil-fuel imports. The implementation of the new policies such as feed-in tariffs and tax breaks helps in reducing the cost of the renewable power.

Global Energy Harvesting Systems Market, By End User, 2020

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Energy Harvesting Systems Market Segment Analysis - By Technology

Mechanical Technology dominated the market with revenue of $222m in 2020. Mechanical coupling from the vibration source to the harvester has to be good and the good electrical matching between the mechanical harvester and the electronic power management has to be provided to gain maximum power. A team of Penn State materials scientists and electrical engineers has developed a mechanical energy transducer. This transducer is made by flexible organic ionic diodes that points towards a new direction in scalable energy harvesting of unused mechanical energy in the environment including wind, ocean waves and human motion. According to a recent research in Georgia Institute of technology, the triboelectric effect creates surprising amounts of electric power by rubbing or touching two different materials together, due to this discovery they found a new way to power mobile devices such as sensors and smartphones. In the automotive sector, energy loss from engine vibrations and friction as well as vibrations in shock absorbers have been a major source of energy harvesting applications. As a significant portion of input energy is lost in the engine, effectively using thermoelectric and mechanical energy harvesting is required. Depending on the life expectancy of the system an upfront cost to use energy harvesting will pay off in the long run, even though the energy generated is not quite substantial. The use of the energy harvesting system in consumer devices will reduce the cost associated with the change of the batteries. The increasing applications such as deploying EH sensors to monitor remote or underwater locations is also beneficial to consumers.

Energy Harvesting Systems Market Segment Analysis - By End Use Industry

The industry home & building automation market has acquired the largest market share with 40% in 2020, majorly driven by increase in smart home homes and buildings constructions in the recent years. The development and the implementation of the improved growing systems, for the purpose of biomass production for bio refinery utilization, is gaining attention due to the increasing demands for biofuels and a variety of bio refinery products.  Increasing needs of growth in living conditions in the new EU developing countries is expected to increase the demand for the energy. The technological advancements in home automation includes graduated alarm that plays some music which increases the volume slowly until the person reacts to the alarm. Along with this the introduction of many advanced technologies is expected to create opportunities in home automation. Companies like Apple, Jawbone, fit bit and Nike are considered as the major players of wearable devices in U.S. Apple is planning to launch a new wearable device which can determine the glucose levels in blood and link it the daily schedules.  The additional feature which is available in this device is it can monitor the stress levels of the person and can distinguish the people and meetings who gave stress.

Energy Harvesting Systems Market Segment Analysis - By Geography

Energy Harvesting market in Asia-Pacific region held significant market share of 37.5% in 2020. A group of researchers are focusing on the development of ‘Piezo’ harvesters which helps in reducing the number of heart surgeries for people dependent on pace makers. The energy harvester system is used to convert small ambient vibrations into technology and can be used to power the batteries used in pace makers for a longer duration. On an average the battery of a pace maker can run for seven or eight years but, implementing this can increase its life by another 2-3 years.  Germany, the home for a number of major automobile manufacturers. is planning to increase the R&D investments on the automotive industry amounted to $21 billion. The increasing investments in automotive manufacturing units with in the country is expected to boost the market.

Energy Harvesting Systems Market Drivers

Increasing R&D activities for the rise of energy harvesting applications in healthcare and automotive sector

The Energy harvesting technologies present valuable social benefits when applied to the healthcare sector. They have the potential to improve the quality of life for aging people through home-based healthcare solutions, health monitoring systems, pain management, and new treatments. Rise in elderly population year on year set to upsurge the demand of the market in medical sector. For instance, wearable medical sensors that monitor the wearer’s physiological parameters act as preventive healthcare for elderly people. These technologies may also reduce costs by enabling preventive diagnostics, eliminating unnecessary surgical procedures and shortening surgery time. Many companies are planning to invest on R&D in developing an automated pacemaker that will convert kinetic energy from the beating of the human heart into electrical energy. The device could be the first medical implant able to be powered by the body’s own vibration. With pacemakers, the life of persons can be changed by sparing them the battery-replacing operation they currently need to undergo almost every half decade.  Passenger and commercial vehicles such as cars, lorries generate and lose a huge amount of heat in their general operation that creates an opportunity for thermoelectric energy harvesting. Thermoelectric generators can be installed into lorries and cars to reuse some of the heat given off by their vehicle. This provides less stress on the engine and thereby increases energy efficiency levels. Studies have also shown that lorries and cars installed with this thermoelectric generators reduced their fuel consumption by around 5%.

Increasing R&D for the rise of harvesting applications in healthcare sector

Wearable medical sensors that monitor the wearer’s physiological parameters and act as preventive healthcare for elderly people are a good example. These technologies may also reduce costs by enabling preventive diagnostics, shortening surgery time and eliminating unnecessary surgical procedures. Many companies are significantly investing on R&D to develop an automated pacemaker that will convert kinetic energy from the beating of the human heart into electrical energy. The device would be the first medical implant able to be powered by the body’s own vibration.

Energy Harvesting Systems Market Challenges

Higher Costs of Energy Harvesting Modules

The increasing cost of the energy harvesting system will obviously lead to higher initial costs owing to its costly components such as energy generator, energy management circuitry, and also often it needs to have an energy storage. The cost of the above energy harvesting modules ranges from $10 to several hundred dollars and majorly the cost of energy harvesting module depends on the amount of the energy need to be harvested. The higher prices of these energy harvesting have been hampering the penetration of market in low capital intensive infrastructure of residential and commercial buildings.

Energy Harvesting Systems Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Energy Harvesting market. Energy Harvesting top companies include ABB, Honeywell International Inc., Microchip Technology Inc., Fujitsu Ltd, Silicon Laboratories Inc., Analog Devices Inc. and Others

Acquisitions/Product Launches

  • In February 2020, Cymbet Corporation had collaborated with Axzon in order to launch ultra low power, disposable data logger solution for logistics monitoring applications.
  • In June 2019, ABB launched portal for home and industrial buyers, an online marketplace platform which will sell home and industrial buyers more than 6,000 items from its electrification business.

Relevant Report Titles:

Report Code; EPR 0053

Report Code: ESR 0192

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1. Energy Harvesting System Market - Market Overview
    1.1 Definitions and Scope
2. Energy Harvesting System Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Technology
    2.3 Key trends segmented by geography
3. Energy Harvesting System Market– Industry Landscape
    3.1 Comparative Analysis
        3.1.1 product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis 
        3.1.5 Pricing Analysis
4. Energy Harvesting System Market - Startup companies Scenario Premium (Premium)
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Energy Harvesting System Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Energy Harvesting System Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
7. Energy Harvesting System Market - By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Cain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Supplier/Distributor Analysis
8. Energy Harvesting System Market – By Technology (Market Size -$Million/Billion)
    8.1 Thermoelectric Energy Harvesting
    8.2 Photoelectric Energy Harvesting
    8.3 Mechanical Energy Harvesting
    8.4 Radio Wave Energy Harvesting
    8.5 Regenerative Energy Harvesting
    8.6 Others
9. Energy Harvesting System Market – By Application (Market Size -$Million/Billion)
    9.1 Wireless Switching
    9.2 Wireless HVAC Sensors
    9.3 Wireless Sensing and Telematics
    9.4 Tire Pressure Monitoring System
    9.5 Asset Tracking
    9.6 Remote Health Monitoring
    9.7 Others
10. Energy Harvesting System Market – By End User (Market Size -$Million/Billion)
    10.1 Home & Building Automation
    10.2 Consumer Electronics
    10.3 Industrial
    10.4 Transportation & Logistics
    10.5 Others
11. Energy Harvesting System Market – By Geography
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Chile
        11.2.4 Others
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Belgium
        11.3.7 Spain
        11.3.8 Russia
        11.3.9 Others
    11.4 APAC
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Indonesia
        11.4.6 Malaysia
        11.4.7 Australia & New Zealand
        11.4.8 Others
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Energy Harvesting System Market – Entropy
13. Energy Harvesting System Market – Industry / Segment Competition landscape Premium (Premium)
    13.1 Market Share Analysis
        13.1.1 Market Share by Region- Top 10 companies
        13.1.2 Market Share By Technology of Industry vertical – Top 10 companies
        13.1.3 Market Share By Technology of component- Top 10 companies
        13.1.4 Market Share at global level- Top 10 companies
        13.1.5 Best Practices for companies
14. Energy Harvesting System Market – Key Company List by Country Premium (Premium)
15. Energy Harvesting System Market -Company Analysis
    15.1 ABB Ltd.
    15.2 Honeywell
    15.3 Microchip Technology
    15.4 Fujitsu
    15.5 Analog Devices
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10