Energy harvesting systems play a crucial role in generating electrical energy from renewable sources, making it a valuable solution for powering IoT devices located in easily accessible areas that require battery maintenance. Particularly in areas without conventional power sources, energy harvesting becomes essential. By capturing energy from renewable sources, it enables previously inaccessible devices to become self-sustaining. These systems, known as energy harvesting systems, encompass the devices utilized for harnessing energy from renewable sources.

Market Dynamics:

The rise in use of renewable energy sources and a rise in demand for smart homes and industrial automation is expected to drive growth of the global energy harvesting systems market during the forecast period. . The growth of the market is also influenced by the ongoing trends in the Internet of Things (IoT) and big data concepts, which are expected to boost the adoption of energy harvesting systems.

However, the energy harvesting systems market growth is limited by the high capital cost and lack of awareness about the benefits of using such technologies.

Key features of the study:

• This report provides in-depth analysis of the global energy harvesting system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global energy harvesting system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Piezo.com, Microchip Technology Inc., Cypress Semiconductor Corporation, E-Peas SA, Texas Instruments Incorporated, EnoCean GmbH, STMicroelectronics NV, ABB Limited, Analog Devices Inc., Powercast Corporation, and Advanced Linear Devices Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global energy harvesting system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy harvesting system market

Detailed Segmentation:

• Global Energy harvesting system Market, By Technology:
  • Light Energy Harvesting
  • Vibration Energy Harvesting
  • Thermal Energy Harvesting
  • RF Energy Harvesting
• Global Energy harvesting system Market, By Application:
  • Consumer Electronics
  • Building and Home Automation
  • Industrial, Transportation
  • Other Applications
• Global Energy harvesting system Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Piezo.com
  • Microchip Technology Inc.
  • Cypress Semiconductor Corporation
  • EPeas SA
  • Texas Instruments Incorporated
  • EnoCean GmbH
  • STMicroelectronics NV
  • ABB Limited
  • Analog Devices Inc.
  • Powercast Corporation
  • Advanced Linear Devices Inc.