Energy Harvesting System Market Size, Share | Report 2022-2030
The global energy harvesting system market was surpassed at USD 452.7 million in 2021 and is expected to hit around USD 998.87 million by 2030, growing at a CAGR of 9.19% from 2022 to 2030
Report Highlights
The COVID-19 pandemic has caused many disruptions in the market. However, mobility and economic activity are likely to accelerate with time. This is expected to increase commercial and industrial demand for Internet of Things (IoT) projects deployment, which will increase the demand for energy harvesting systems in the future.
IoT has gained widespread momentum across all industrial sectors including automotive, energy, defense, consumer electronics, and healthcare, among others. The increasing preference towards offering data-centric, personalized experiences to the customers is pushing companies to connect as many devices as possible to gather more consumer-related data.
Europe accounted for the maximum share of the global revenue in 2021 due to supporting policies by the European Union. European countries are investing in and focusing on the maximum utilization of IoTs to drive the technology’s advancement across various end-use sectors in the region, such as building & home automation, lighting, industrial, and automated meter reading.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 452.7 million |
| Revenue Forecast by 2030 | USD 998.87 million |
| Growth rate from 2022 to 2030 | CAGR of 9.19% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Technology, vibration technology, component, application, and region |
| Companies Covered | ABB; Schneider Electric; Bionic Power, Inc.; STMicroelectronics; Cymbet; EnOcean GmbH; Powercast Corp.; Mahle GmbH; Analog Devices, Inc.; Texas Instruments, Inc. |
Technology Insights
The vibration technology segment led the market in 2021. The segment accounted for the maximum revenue share of more than 32.6% of the global market in 2021. Vibration or mechanical energy harvesting is done by converting the ambient vibrations into electric energy with the help of piezoelectric, electromagnetic, electrostatic, and electrodynamic technologies.
Thermoelectric Generators (TEGs) are used to convert ambient thermal energy into electric energy. These devices consist of thermopiles, which further consist of n-type and p-type junction that allows heat flow between these terminals and leads to electricity generation. The light technology segment is projected to record the fastest CAGR of more than 10.5% during the forecast years.
Vibration Technology Insights
The piezoelectric vibration technology segment led the market in 2021 and accounted for a revenue share of more than 49%. The piezoelectric energy harvesters convert ambient kinetic energy, which is present in the form of shocks or vibrations, into electricity. These generators (energy harvesters) offer a consistent and robust solution by converting typically wasted vibrational energy in the environment into usable electrical energy.
The electrostatic vibration technology segment is estimated to register the fastest CAGR over the forecast period. This technology uses a variable capacitor structure that generates electricity from the relative motion between adjacent plates. Electrodynamic energy harvesting systems convert ambient vibration into electricity by the relative motion of magnets and electrical conductors. These systems are most commonly implemented in key card switches for home and building automation applications, cooling fans, motor engines, internal gears, and ventilation systems.
Component Insights
The sensor component segment led the market in 2021 with a revenue of more than 34.9%. On the basis of components, the global market has been divided into sensor, transducer, Power Management IC (PMIC), secondary/backup battery, and others. Sensors are one of the most crucial components of an energy harvesting system. They are responsible for collecting ambient light energy, kinetic motion, temperature differences, and pressure changes to convert into energy.
In an energy harvesting system, the generated power is stored in a capacitor or a small rechargeable battery for later use. The secondary/backup battery segment is estimated to register the fastest CAGR over the forecast period. Cymbet is one of the leading innovators in offering secondary/backup batteries. Other components include resistors, capacitors, transistors, diodes, and others, which are required to assemble a complete energy harvesting unit.
Application Insights
The industrial segment led the global market in 2021 with a maximum revenue share of more than 30.8%. In industrial applications, energy harvesting systems capture the ambient shaking, rotation, and vibration from machines and structures in industrial facilities and convert these sources into usable energy. Industrial applications are growing due to the evolution of IIoT. However, home & building automation is estimated to be the largest application segment by 2028 growing at the fastest CAGR over the forecast period.
Factors, such as the growing urban population, rising scope of application of IoT components in automation, high demand for power-efficient, safe, and durable systems, an emerging trend of renewable energy integration, and high product penetration in building and home automation applications, are driving the segment. Following the recent boom in the adoption of IoT, safeguarding and monitoring devices, such as security and access control devices, are being widely adopted across various verticals.
Regional Insights
Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to the high purchasing power and growing tech-savvy population in the region. Many industry players are also thinking of relocating their manufacturing facilities to Asia Pacific due to low operational and labor costs. Such factors will further help in the growth of the IoT systems, fueling the market growth.
In India, “100 Smart Cities Mission” was launched in June 2015. A fund of USD 14 billion was approved by the government for the implementation of 100 smart cities and also for the rejuvenation of 500 other cities. Under the first round of the “All India City Challenge” competition, 20 cities were selected in January 2016.
In the Middle East and Africa, major countries, such as Saudi Arabia, UAE, South Africa, and Egypt, have introduced plans to deploy the construction of smart cities over the next few years. The governments in these countries are taking significant steps for funding and inviting private sector companies to deploy their smart solutions in under-constructed smart cities.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Energy Harvesting System Market
5.1. COVID-19 Landscape: Energy Harvesting System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Energy Harvesting System Market, By Technology
8.1. Energy Harvesting System Market, by Technology, 2022-2030
8.1.1. Lights
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Vibration
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Radio Frequency
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Thermal
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Energy Harvesting System Market, By Vibration Technology
9.1. Energy Harvesting System Market, by Vibration Technology e, 2022-2030
9.1.1. Piezoelectric
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Electromagnetic
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Electrostatic
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Electrodynamic
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Energy Harvesting System Market, By Component
10.1. Energy Harvesting System Market, by Component, 2022-2030
10.1.1. Sensor
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Transducer
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Power Management IC (PMIC)
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Secondary/Backup Battery
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Energy Harvesting System Market, By Application
11.1. Energy Harvesting System Market, by Application, 2022-2030
11.1.1. Consumer Technology
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Home & Building Automation
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Industrial
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Transportation
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Security
11.1.5.1. Market Revenue and Forecast (2017-2030)
11.1.6. Others
11.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Energy Harvesting System Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.1.3. Market Revenue and Forecast, by Component (2017-2030)
12.1.4. Market Revenue and Forecast, by Application (2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Component (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.2.3. Market Revenue and Forecast, by Component (2017-2030)
12.2.4. Market Revenue and Forecast, by Application (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Component (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Application (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Component (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Application (2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Component (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Application (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.3.3. Market Revenue and Forecast, by Component (2017-2030)
12.3.4. Market Revenue and Forecast, by Application (2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Component (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Component (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Application (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Component (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.4.3. Market Revenue and Forecast, by Component (2017-2030)
12.4.4. Market Revenue and Forecast, by Application (2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Component (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Component (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Application (2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Technology (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Component (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Component (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Application (2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Technology (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Vibration Technology (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Component (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
Chapter 13. Company Profiles
13.1. ABB
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Schneider Electric
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Bionic Power, Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. STMicroelectronics
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Cymbet
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. EnOcean GmbH
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Powercast Corp.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Mahle GmbH
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Analog Devices, Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Texas Instruments, Inc.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers