Energy Harvesting Market Forecast and Segments, 2014-2020

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A number of newly innovated efficient energy applications and widespread acceptance of renewable energy sources are expected to play a vital role in the growth of the global energy harvesting market during the forecast period 2014-2020.

Energy Harvesting

Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

20142020

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Report Description

Energy harvesting, one of the most promising technologies to address the energy crises without

altering the existing energy sources, is foreseen to witness staggering demand and innovation in

the near future. The process of energy harvesting harnesses the power of ambient energy to use

later in varied applications. With growing use of ambient energy and advent of the energy

harvesting technology, the energy harvesting market is currently heading at a considerable pace

globally.

FMI’ extensive research indicates that the global energy harvesting market is anticipated to gain

momentum and grow at a double-digit CAGR by 2020 end. A number of newly innovated

efficient energy applications and widespread acceptance of renewable energy sources are

expected to play a vital role in the growth of the global energy harvesting market during the

forecast period 2014-2020.

Key Drivers: Energy Harvesting Market

During the past decade, there has been growing demand for safe, power efficient, and enduring

systems, which require minimum or no maintenance. This is a major driver of market growth,

expected to continue pushing the demand for devices based on the energy harvesting

technology. Growing applications of the energy harvesting technology in building and home

automation is another key driver to the market growth.


Report Description

Moreover, industrial WSN demand energy harvesting on a large scale, which is expected to

continue during the forecast period as well. The green energy trend is effectively governing the

market, while favourable initiatives by various governments are also boosting the market on a

global level.

Abundance of renewable energy sources, including tidal, wind, and ocean energy provide a

dependable platform for the innovation of energy harvesting applications. This is also an

influential factor contributing to the growth of market.

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58

Key Restraints to Market Growth

The technology based on energy harvesting is typically used off-grid or on-demand. However,

both of these usage patterns possess some technological complexities, which may restrict the

widespread demand for energy harvesting devices in the market. Another deterring factor

includes inadequate awareness among consumers about the availability and usage of the

devices based on harvested energy.

Moreover, relatively higher initial costs associated with these devices are expected to curtail the

growth of the market globally.


Report Description

The energy harvesting technology generates lower current, which makes it incompatible for the

application in all types of energy domains.

Global Energy Harvesting Market: Segmentation

FMI’s research on the global energy harvesting market provides a six-year forecast, segmenting

the market on the basis of different energy sources/fields, applications, and geography.

On the basis of different energy sources/fields, the energy harvesting market is segmented into

radiation (solar, electromagnetic, and light), mechanical (fluid, elastic, kinetic, and potential),

chemical (battery, fuel cells, and phase change), nuclear, magnetic, electric, thermal, and

gravitational. Among these, electric and magnetic fields form the most common source for

harvesting energy.

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Based on the application, the energy harvesting market is segmented as wireless sensor

network (WSN), consumer electronics, industrial, building, bicycle dynamo, military and

aerospace, automotive, healthcare, and others (research, animals, and farming). Among these,

consumer electronics, including mobile phones, wrist watches, calculators, and piezoelectric gas

lighters cover the maximum share of the global energy harvesting market, followed by military

and aerospace-based applications.


Report Description

However, building and home automation is the fastest growing application segment in the

energy harvesting sector. Energy harvesting is also an integral part in a wireless sensor network

(WSN) these days.

According to the geography, the energy harvesting market is segmented into North America,

Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and

Africa. Among these, Americas are projected to remain the dominating markets in 2016, with a

significant market share. However, Europe will be the fastest growing market, owing to

burgeoning promotion and investments by The European Commission in R&D of energy

harvesting and storage devices. North America and Asia Pacific will also account for remarkable

market shares by 2020 end. In North America, the U.S. will dominate, whereas in APAC, Japan

will reportedly contribute the largest share to the total energy harvesting market revenues.

Notable Market Trends

Building and infrastructure, automation of lighting, security, and electronics at homes, and

WSNs for bridges include some of the most sought after applications of energy harvesting since

the past few years.

The use of mmWave (millimetre wave) for 5G cellular networks has been a popular trend of

wireless energy harvesting.


Report Description

The market is expected to gain traction from growing application of energy harvesting in

wearable devices and mobile phones.

Energy harvesting is estimated to find increasing applications in automobile industry in the near

future.

The advent of nanotechnology has offered ample of growth opportunities to the energy

harvesting market. Since nanotechnology helps manufacturing of compact-sized devices, the

emergence of portable devices based on energy harvesting technology is the most likely

occurrence in the market.

Key Players: Global Energy Harvesting Market

Some of the prominent players competing in the industry include ABB Limited, Arveni, Enocean,

Fujitsu, Cypress Semiconductor Corp., Green Peak Technologies, Honeywell International, Inc.,

Levant Power Corporation, Marlow Industries, Inc., Microchip Technology, Inc., MicroGen

Systems, Maxim Integrated, G24 Innovations Limited, Texas Instruments Inc., and

STMicroelectronics.

Other notable players include Silicon Laboratories, Inc., Siemens AG, Murata Manufacturing Co.,

Ltd., Mide Technology Corporation, Laird Plc., Lord Microstrain, EnOcean GmbH, Cymbet

Corporation, POWERleap, Inc., Schneider Electric, Linear Technology, Microstrain, and Micropelt.


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