Energy Harvesting System Market by Component (Power Management, Sensors, Transmitters), Energy Source (Solar Energy, Thermal Energy, RF Energy), Industry (Consumer Electronics, Healthcare, Automotive), Application, and Geography - Global Forecast to 2028

Energy Harvesting Systems Market by Component (Power Management, Sensors, Transmitters), Energy Source (Solar Energy, Thermal Energy, RF Energy), Industry (Consumer Electronics, Healthcare, Automotive), Application, and Geography-Global Forecasts to 2028

The research report titled “Energy Harvesting Systems Market by Component (Power Management, Sensors, Transmitters), Energy Source (Solar Energy, Thermal Energy, RF Energy), Industry (Consumer Electronics, Healthcare, Automotive, Industrial Automation), Application, and Geography-Global Forecasts to 2028” provides an in-depth analysis of the energy harvesting systems market and emphasizes the current market trends, market sizes, market shares, recent developments, and forecasts till 2028. The energy harvesting systems market is expected to reach $15.01 billion by 2028, at a CAGR of 26.3% during the forecast period, 2021-2028.

Rising adoption of energy harvesting systems (EHS) in rural areas, growing demand for safe, power-efficient, and durable energy systems, increasing green energy trends, and favorable initiatives by the government are the key factors driving the growth of the energy harvesting systems market.

The study offers a comprehensive analysis of the energy harvesting systems market in terms of component (power management [regulators, power management integrated circuits {PMIC}, controllers, and converters], sensors, transmitters, and other components), energy source (solar energy, thermal energy, RF energy, and piezoelectric energy), industry (consumer electronics, military and aerospace, healthcare, automotive, industrial automation, and others industries), application (wireless switching systems, wireless HVAC systems, wireless sensing and telematics systems, tire pressure monitoring systems, asset tracking systems, remote health monitoring systems, and regenerative energy harvesting systems), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on component, the energy harvesting systems market is segmented into power management, sensors, transmitters, and other components. The power management is further segmented into regulators, power management integrated circuits (PMIC), controllers, and converters. The sensors segment is projected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the growing demand for low-cost integrated circuits for signal processing, communication, and data collection functions; and low-power wireless communications interfaces.

Based on type, the power management market is segmented into regulators, power management integrated circuits (PMIC), controllers, and converters. The PMIC segment is projected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the ability to transform extracted power into energy for the storage element and management of its start-up sequence with sufficient energy present.

Based on the energy source, the energy harvesting systems market is segmented into solar energy, thermal energy, RF energy, and piezoelectric energy. The thermal energy segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to demand for recovering waste heat from engines, machines, and the human body to charge wearables, industrial and domestic devices worldwide.

Based on industry, the energy harvesting systems market is segmented into consumer electronics, military & aerospace, healthcare, automotive, industrial automation, and other industries. The healthcare segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the types of energy harvesting applications used in the healthcare industry, such as human energy harvesting, solar energy harvesting, and infrared radiation harvesting.

Based on application, the energy harvesting systems market is segmented into wireless switching systems, wireless HVAC systems, wireless sensing and telematics systems, tire pressure monitoring systems, asset tracking systems, remote health monitoring systems, and regenerative energy harvesting systems. The remote health monitoring system segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the increasing demand for remote health monitoring systems among patients and healthcare professionals to monitor health conditions, such as heart conditions, diabetes, and blood pressure.

Based on geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The high growth rate of this region is mainly attributed to the growing demand for electricity across industrial applications and increasing demand for ultra-low power devices for energy conservation across the region. Countries such as China, Japan, India, and South Korea are the major adopters of energy harvesting systems. The countries in Asia-Pacific have started setting renewable energy targets for medium- to long-term periods to promote the use of renewable energies for electricity generation.

The key players operating in the energy harvesting systems are ABB Ltd (Switzerland), Analog Devices, Inc. (U.S.), Texas Instruments Incorporated (U.S.), Cymbet Corporation (U.S.), EnOcean GmbH (Germany), STMicroelectronics N.V. (Switzerland), e-peas SA (Belgium), Advanced Linear Devices, Inc. (U.S.), Piezo.com (U.S.), Cypress Semiconductor Corporation (U.S.), Powercast Corporation (U.S.), Laird Thermal Systems, Inc. (U.S.), DCO Systems Ltd (U.K.), Honeywell International Inc. (U.S.), and Drayson Technologies Ltd. (U.K.).

Key Questions Answered in the Report:

• Which are the high-growth market segments in terms of component, energy source, industry, application, and geography?
• What is the historical market size for the energy harvesting systems market?
• What are the market forecasts and estimates for the period 2021-2028?
• What are the major drivers, restraints, opportunities, and challenges in the energy harvesting systems market?
• Who are the major players operating in the market, and what shares of the market do they hold?
• Who are the major players in various countries?
• How is the competitive landscape for the energy harvesting systems market?
• What are the recent developments in the energy harvesting systems market?
• What are the different strategies adopted by the major players operating in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the energy harvesting systems market, and how do they compete with the other players?

Scope of the Report

Energy Harvesting Systems Market, by Component

• Power Management
• Regulators
• Power Management Integrated Circuits (PMIC)
• Controllers
• Converters
• Sensors
• Transmitters
• Other Components

Energy Harvesting Systems Market, by Energy Source

• Solar Energy
• Thermal Energy
• RF Energy
• Piezoelectric Energy

Energy Harvesting Systems Market, by Industry

• Consumer Electronics
• Military & Aerospace
• Healthcare
• Automotive
• Industrial Automation
• Other Industries

Energy Harvesting Systems Market, by Application

• Wireless Switching Systems
• Wireless HVAC Systems
• Wireless Sensing and Telematics Systems
• Tire Pressure Monitoring Systems
• Asset Tracking Systems
• Remote Health Monitoring Systems
• Regenerative Energy Harvesting Systems

Energy Harvesting Systems Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America