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Energy Harvesting Devices Market: 15.92% Y-O-Y Growth Rate in 2021 |By Technology (thermoelectric, piezoelectric, photovoltaic, electrodynamic, and others), Application, and Geography

Energy Harvesting Devices Market: 15.92% Y-O-Y Growth Rate in 2021 |By Technology (thermoelectric, piezoelectric, photovoltaic, electrodynamic, and others), Application, and Geography
Written by Publishing Team

  • Total Pages: 120
  • Companies: 10+ – Including Analog Devices Inc., Cymbet Corp., EnOcean GmbH, Fujitsu Ltd., Honeywell International Inc., Microchip Technology Inc., Parker Hannifin Corp., Powercast Corp., STMicroelectronics NV, and Texas Instruments Inc. among others
  • Coverage: Key drivers, trends, and challenges; Product insights & news; value chain analysis; Parent market analysis; landscape; COVID impact & recovery analysis
  • Segments: Technology (thermoelectric, piezoelectric, photovoltaic, electrodynamic, and others) and Application (building and home automation, industrial, consumer electronics, defense, and others)
  • Geographies: Europe (Germany, The Netherlandsand UK), North America (US), APAC (China), MEA, and South America

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Devices Market

Energy Harvesting Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17%

Market growth 2021-2025

$595.34 million

Market structure

Fragmented

YoY growth (%)

15.92

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 34%

Key consumer countries

US, Germany, China, UK, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Analog Devices Inc., Cymbet Corp., EnOcean GmbH, Fujitsu Ltd., Honeywell International Inc., Microchip Technology Inc., Parker Hannifin Corp., Powercast Corp., STMicroelectronics NV, and Texas Instruments Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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Vendor Insights-

The energy harvesting devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Analog Devices Inc.- The company offers a wide range of ultra low power ICs for energy harvesting applications. Power management products that convert energy from vibration (piezoelectric), photovoltaic (solar), and thermal (TEC, TEG, thermopiles, thermocouples) sources provide high efficiency conversion to regulated voltages or to charge batteries and super capacitor storage elements.
  • Cymbet Corp.- The company offers EnerChips that enables high-efficiency Energy Harvesting (EH) designs that convert the relatively low levels of energy into an amount that can provide the power for an electronic system.
  • EnOcean GmbH- The company offers energy harvesting devices such as ECO 200 – Kinetic Energy Harvesting, ECS 300 – Solar cell for self-powered wireless sensors, ECT 310 Perpetuum – Thermo Energy Harvesting and others.

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Regional Market Outlook

34% of the market’s growth will originate from Europe during the forecast period. Germany, UK, and The Netherlands are the key markets for energy harvesting devices in Europe. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The growth of smart factories will facilitate the energy harvesting devices market growth in Europe over the forecast period.

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share of most of the above-mentioned countries.

Latest Drivers & Trends of the Market-

  • Energy Harvesting Devices Market Driver:

The IoT is a system of interrelated devices or things that are embedded with electronics, software, sensors, and network connectivity. The IoT technology enables an Internet-connected device to use sensors and actuators to collect, record, and transmit data to other computing devices on a real-time basis. The demand for these IoT devices is primarily driven by developments in wired and wireless communication technologies, telecommunication standards, human-machine interface (HMI) technologies, and initiatives taken by governments worldwide to implement advanced technology-driven systems and solutions to improve their operational efficiency . The robust growth of IoT in all key geographies is increasing the demand for IoT chipsets for integration with IoT devices. This, in turn, is driving the demand for energy harvesting devices that enhance the functionality of IoT devices by offering them uninterrupted power without harming the environment.

  • Energy Harvesting Devices Market Trend:
    • Growing popularity of smart wearables:

Wearable devices, which include smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses, monitor the fitness levels of users while offering various other benefits to them. This technology has been gaining a lot of traction across all key regions worldwide. Companies such as Samsung Electronics Co. Ltd. (Samsung Electronics) and Apple Inc. (Apple) offer a wide range of wearables, such as health bands, fitness trackers, and smartwatches, which can track all the vital statistics of the wearer. The continuous increase in the penetration of these solutions among customers is opening doors to massive growth opportunities for players in the global energy harvesting devices market. Many other companies, which see immense growth potential in this product segment, are also entering the market. This is expected to fuel the growth of the global energy harvesting device market during the forecast period.

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Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Size

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Building and home automation – Market size and forecast 2020-2025
  • Industrial – Market size and forecast 2020-2025
  • Consumer electronics – Market size and forecast 2020-2025
  • Defense – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Thermoelectric – Market size and forecast 2020-2025
  • Piezoelectric – Market size and forecast 2020-2025
  • Photovoltaic – Market size and forecast 2020-2025
  • Electrodynamic – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Technology

customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Analog Devices Inc.
  • Cymbet Corp.
  • EnOcean GmbH
  • Fujitsu Ltd.
  • Honeywell International Inc.
  • Microchip Technology Inc.
  • Parker Hannifin Corp.
  • Powercast Corp.
  • STMicroelectronics NV
  • Texas Instruments Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

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Publishing Team