Energy Harvesting System Market

Market Leader: Energy Harvesting System Market

The energy harvesting system market is projected to grow from USD 485 million in 2020 to USD 775 million by 2025; it is expected to grow at a CAGR of 9.8% from 2020 to 2025. Key factors fueling the growth of this market include the growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance; extensive implementation of IoT in automation and energy harvesting technology in building and home automation; increasing trend of green energy and favorable initiatives by governments; and rising adoption of wireless sensor networks equipped with energy harvesting system.

Key players in the energy harvesting system market include companies operating at different stages of the energy harvesting value chain. These companies are ABB (Switzerland), Honeywell (US), Mide Technology (US), Linear Technologies (US), Convergence Wireless (US), Cymbet (US), EnOcean (Germany), Fujitsu (Japan), Microchip Technology (US), Texas Instruments (US), STMicroelectronics (Switzerland), Powercast Corporation (US) Bionic Power (US), O-Flex Technology (Germany), and Voltree Power (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches, expansions, agreements, partnerships, collaborations, mergers, and acquisitions, to strengthen their position in the market.

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Top Players in Energy Harvesting Market:

EnOcean (Germany) is one of the leading companies in the energy harvesting system market with its focus on energy harvesting, ultra-low power management, and radio technology. In the energy harvesting product line, the company offers technologies based on solar, thermal, electromagnetic, and vibration energy sources. EnOcean provides self-powered wireless solutions such as transmitters, receivers, and transceivers for the Internet of Things, primarily for building and home automation. The company is an originator of the patented energy harvesting wireless technology marketed under the brands Dolphin and Easyfit.

The core growth strategy of EnOcean is continuous product developments to gain a competitive edge over other players in the market. In December 2019, EnOcean launched a new solar-powered multi-sensor for Bluetooth IoT networks at CES 2020. It delivers data via Bluetooth and uses the energy harvesting principle to power wireless switches and sensors by their surrounding environment.

Powercast Corporation (US) is a key player in the energy harvesting system market, serving customers across different areas. It offers custom engineering services for products such as RF harvesting receivers. The company’s product portfolio includes powercaster transmitters and powerharvester receivers, development kits, and RFID tags. Owing to this, Powercast Corporation helps its customers recharge their devices wirelessly, eliminate base charging stations and ports, enable charging of multiple units simultaneously and increase product life. The company follows the Restriction of Hazardous Substances (RoHS) Directive while manufacturing its products.

Powercast Corporation has adopted product launches & developments as a key growth strategy to expand its business and product portfolio. In August 2018, Powercast Corporation launched the PowerSpot TX91503 wireless transmitter that employs Bluetooth LE multiprotocol solution for wireless scheduling of power transmissions and monitoring battery status of charging devices. This transmitter wirelessly charges wearables and portable devices fitted with RF energy harvesting chips.

Related Reports:

Energy Harvesting System Market by Technology (Light, Vibration, RF, Thermal), Component, Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security), and Region - Global Forecast to 2025

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Report Code
SE 1196
RI Published ON
3/18/2020
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