Market Highlights:
Energy has ubiquitous applications and the significant growth in industrialization & infrastructure over the past few years have had a significantly positive impact on the global energy harvesting market. Market Research Future has published a new report on the subject which closely examines the market and provides unique and accurate insights on trends, opportunities, and restraints that the market is likely to experience during the forecast period of 2016 to 2027.
Energy harvesting is the procedure of seizing and keeping energy as and when it is present that can be used later in both low-voltage and low-power applications. In the epoch of the internet of things (IoT), wireless sensor networks that observe, discover, and store data will show an important role in advancement in public safety, human healthcare, industrial automation, and energy management. Batteries are the power source for operating wireless network devices due to their easiness of setting up and they are deliberated to be a crucial factor for emerging wearable technologies. It is in abundant demand in numerous uses that call for back-up battery, particularly if the battery is in distant place. Also, it is predictable that energy harvesting will deliver new market applications and products that are at present unavailable. The solar, lighting, signage, sensor etc. road and other surfaces will outclass as part of modular concrete or plastic road surface units that are factory assembled.
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Major Key players
- Levant Power Corporation (U.S.),
- Honeywell International, Inc. (U.S.),
- Green Peak Technologies (Netherlands),
- Fujitsu (Japan),
- ABB Limited (Switzerland),
- Arveni (France),
- Enocean (Germany),
- Microchip Technology, Inc., (U.S.),
- Texas Instruments Inc. (U.S.),
- ST Microelectronics (Switzerland)
Latest Industry News
Solar Nigeria programme. The UK Government Department for International Development has implemented the Solar Nigeria Programme to improve the welfare outcomes of the currently underserved communities in Lagos state and Northern Nigeria by making a significant financial contribution towards the solar power electrification of public institutions, such as schools and hospitals. The intervention is expected to, by year 2020, ensure improved welfare outcomes for more than 2.8 million people using domestic solar photovoltaic (PV) systems, with 190,000 school pupils and 4.7 million clinic patients benefiting from public institutions with PV systems, creating more than 3000 jobs and ensuring greater effectiveness of DFID’s other health and educational sector intervention in Nigeria.
Introducing the Vehicle Energy Harvesting System. The Vehicle Energy Harvesting System (VEHS) has established an innovative link that leverages traffic-flow to improve electricity access. The VEHS uses a specially designed overlay layer onto any existing or new road to harvest pressure and uses this pressure to drive a traffic turbine and generate electricity. The system can be installed and commissioned within six months thus ensuring quicker access to electricity. Over-and-above the improved electricity access, the simplistic design of the VEHS will enable local assembly and a strategic progression to local manufacture.
Market Segmentation
Segmental analysis of the Energy Harvesting market allows an expansive view of the market and its components, thus providing accurate understanding of growth of the market. The global energy harvesting market has been segmented by energy source, technology, application and region.
By energy source, the market has been divided into chemicals, mechanicals, electrical, nuclear, thermal and gravitational.
By technology, the market has been segregated into electrodynamics, photovoltaic, thermoelectric, and others.
By application, the market has been segmented to include consumer electronics, industrial, aerospace & defence, automotive, healthcare and others.
By region, the global market has been segregated into North America, Europe, the Asia Pacific (APAC) and the Rest of the World (RoW)
Regional Analysis
Europe leads the market with the most significant market share globally due to the highly encouraging government regulations that support this market. Moreover, there is a lot of research and development that is ongoing in this region to find renewable, and affordable sources of powerful energy, thus fueling rapid market growth for the region.
The Asia Pacific and North America are fast-growing market segments that carry a lot of potential. However, the Asia-Pacific is expected to overtake Europe’s market lead and possess the largest market share by the end of the forecast period. Due to the sheer size of the population in these regions using power and the strong need to find affordable and highly efficient energy sources will motivate rapid growth of the global energy harvesting market during the forecast period.
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Study Objective of Energy Harvesting Market
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Energy Harvesting Market
To provide insights about factors affecting the market growth
To analyze the Energy Harvesting market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by energy source, by technology, by application and sub-segments.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Energy Harvesting Market.
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