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Energy Harvesting System Market By Size, Share, Forecast 2022-27

According to the latest report by IMARC Group, titled, “Energy Harvesting System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global energy harvesting system market reached a value of US$ 425.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 867.4 Million by 2027, exhibiting at a CAGR of 12.8% during 2022-2027.

Energy harvesting (EH), or energy scavenging, is the process of converting ambient energy, such as solar, vibration, thermal, wind, etc., into electrical energy. Energy harvesting systems eliminate the need for conventional power sources, including power cables and batteries, thereby reducing the overall cost and easily power remotely located electronic devices, wearable electronics, and sensor networks. These systems are easy to use, durable, require low maintenance, reduce carbon emissions, etc.

Energy Harvesting System Market Trends:

The growing demand for efficient and safe power systems is one of the key factors driving the energy harvesting system market. These systems are majorly utilized in wireless sensors, consumer electronics, wearable electronic equipment, etc., which is another growth-inducing factor. In addition to this, government bodies of numerous countries across the globe are promoting the use of green energy sources, further propelling the market growth. Moreover, the easy availability of renewable energy sources, such as wind and tidal, also results in the increasing utilization of these systems across various sectors. Besides this, piezoelectric energy harvesting systems have emerged as a reliable solution for powering remote sensor systems, thereby creating a positive outlook for the market. Furthermore, the incorporation of the Internet of Things (IoT) solutions with energy harvesting systems is anticipated to fuel the global market over the forecasted period.

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Global Energy Harvesting System Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • ABB Ltd.
  • Analog Devices Inc.
  • Cymbet
  • Cypress Semiconductor Corporation (Infineon Technologies AG)
  • EnOcean GmbH
  • Fujitsu Limited (Furukawa Group)
  • Honeywell International Inc.
  • Microchip Technology Inc.
  • Powercast Corporation
  • STMicroelectronics SA
  • Texas Instruments Incorporated

Breakup by Technology:

  • Light Energy Harvesting
  • Vibration Energy Harvesting
  • Electromagnetic/Radio Frequency (RF) Energy Harvesting
  • Thermal Energy Harvesting
  • Others

Breakup by Component:

  • Transducers
  • Power Management IC (PMIC)
  • Storage Unit

Breakup by Application:

  • Consumer Electronics
  • Building and Home Automation
  • Transportation
  • Healthcare
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/energy-harvesting-system-market

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

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