Business

Energy Harvesting System Market Share Will Take a Big Hit in the Coming Years

The Global Energy Harvesting System Market is valued at USD 0.297 billion in 2016 and is expected to reach a value of USD 1.15 billion by the end of 2022, growing at a projected CAGR of 21.37% during the forecast period of 2017 - 2022.

— Energy harvesting is a method by which energy is extracted from external sources and stored in small quantities. For example, salinity gradients, solar power, wind energy, thermal energy, and tidal energy are the external sources for energy harvesting. The harvested energy, from external sources, can be stored and used to run various electronic devices. The energy harvesting systems are critical, along with other key security and emergency preparedness resources, and are important components of the overall national critical infrastructure.

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Energy can be stored as small independent and autonomous sensors, such as those developed using MEMS technology. These systems are often very small and require little power, but their applications are limited by their reliance on battery power. Scavenging energy from ambient vibrations, wind, heat or light could enable smart sensors to be functional, indefinitely. Most critical infrastructure components are totally dependent on the energy source or energy generating systems to perform their tasks.

The energy sector provides a foundation for many public and private services like (aerospace, defense, and intelligence, public utilities, banking, financial services, insurance, telecommunication, healthcare, retail, manufacturing and others). The market is further segmented by technology (thermal energy harvesting, electromagnetic energy harvesting, light energy harvesting, vibration energy harvesting, and kinetic energy harvesting) and geography (North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa).

The report includes a competitive assessment regarding an overview of the market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions.

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The major companies dominating this market for its products, services, and continuous product developments are -

Arveni
Microchip Technology
Fujitsu Limited
Convergence Wireless
EnoCean GmbH
ABB Limited
Cymbet Corporation
Greenpeak Technologies
Honeywell International
STMicroelectronics
Texas Instruments

Key Deliverables in the Study

Market analysis for the global energy harvesting system market, with region-specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global energy harvesting system market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.

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Source URL: https://marketersmedia.com/energy-harvesting-system-market-share-will-take-a-big-hit-in-the-coming-years/239225

For more information, please visit http://www.orbisresearch.com/reports/index/global-energy-harvesting-system-market-by-technology-thermal-energy-harvesting-electromagnetic-energy-harvesting-kinetic-energy-harvesting-light-energy-harvesting-vibrational-energy-harvesting-geography-trends-forecast-2017-2022

Source: MarketersMedia

Release ID: 239225


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