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Energy Harvesting System Market Consists of Global Revenue from Technology, Application, and Geography
The market is expected to grow from USD 268.6 Million in 2015 to USD 974.4 Million in 2022, at a CAGR of 19.6% between 2016 and 2022. The base year considered for study is 2015 and the forecast is provided for the period between 2016 and 2022. This market consists of global revenue from technology, application, and geography.
The major players in energy harvesting system ecosystem are Laird Plc. (U.K.), Mide Technology Corporation (U.S.), Lord Microstrain (U.S.), EnOcean GmbH (Germany), IXYS Corporation (U.S.), Linear Technologies (U.S.), Cypress Semiconductor Corp (U.S.), STMicroelectronics (Switzerland), Texas Instruments (U.S.), Fujitsu (Japan), Murata Manufacturing Co., Ltd. (Japan), and Cymbet Corporation (U.S.). The companies in the energy harvesting ecosystem are adopting strategies of new product developments, mergers, acquisitions, partnerships, collaborations, agreements, and expansions that help to stand the competition in the growing market. Many companies are involved in developing new products for the components required for energy harvesting systems. To increase the technological expertise and develop technologically advanced energy harvesting products, companies are entering into partnerships and collaborations for combined research & development and offering energy efficient products in the market. Major developments are observed in the transducer technology such as innovative design, high output power capability, and robust device structure.
EnOcean GmbH (Germany) manufactures transducers for energy harvesting systems and devices based on energy harvesting. Its product portfolio includes switch modules, transmitter modules, sensor modules, wireless key card switches, and wireless magnet contact based on energy harvesting technology along with thermal, solar, and vibration transducers. EnOcean launched EnOcean Click, the latest addition to the wireless communication board. This communication board is powered by EnOcean TCM 310 transceiver module and provides bi-directional communication with EnOcean’s 868 MHz radio system. EnOcean has recently collaborated with AAEON (ASUS Group) (Taiwan), for the development of computer board “UP” for professional developers. This collaboration is expected to help in developing battery-less wireless solutions.
STMicroelectronics (Switzerland) caters to power management ICs and ultra-low power microcontroller products, and offers integration into different applications. It focuses on new product development activities to gain leadership in the market for power management ICs and microcontrollers. The company launched the STM32L4 series of microcontroller which is a combination of ultra-low power microcontroller technology with ARM Cortex-M4. The industrial automation and consumer electronics application contributes major revenue to STMicroelectronics.
Energy Harvesting System Market by Technology (Light, Vibration, Electromagnetic, Thermal), Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security), and Geography - Global Forecast to 2022
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