Energy Harvesting System Market (By Technology: Light energy harvesting, Vibration energy harvesting, Frequency energy harvesting, Thermal energy harvesting, Radio frequency energy harvesting; By Components: Power Management Integrated Circuits, Storage system, Transducers, Sensors, Others; By Application; By Vibration Technology; By End-use System; By Energy Source)- Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030

The global energy harvesting system market size was estimated at USD 581.86 million in 2021 and is expected to hit USD 1,503.9 million by 2030, growing at a CAGR of 11.13% from 2022 to 2030.

Energy Harvesting System Market Size 2021 to 2030

The energy harvesting system is the process of producing usable energy electrical energy by capturing the energy from one or more renewable energy sources. Energy harvesting is very important solution in order to power the IoT that are installed in accessible areas and require battery maintenance. In places where there are no power sources, energy harvesting is a very important tool in such cases. It helps in making the inaccessible devices Self sufficient by capturing the energy from the Renewable sources. The devices used for harvesting the energy are known as the energy harvesting system.

Growth Factors

Globally, the market is growing for durable systems that are power efficient and safe, which require very less maintenance. There is a rise in the adoption of wireless sensor networks due to automation in the houses and the green technology that is adopted by the various nations. There is wastage of the environmental energy. The systems that help in capturing this energy and converting it to electrical energy are a boon. Various research and development activities in the energy harvesting system is leading to the growth of this market. Supportive government policies and increased awareness about the environment. Also, the reduction in the emission of the greenhouse gases has helped in rising the demand for such technologies. An increasing trend of using renewable resources across many nations has created a need for improvement in this technology. In order to supplement the primary source of power to reduce the power interruptions and to increase the reliability of an electronic system, this technology is a boon.

Europe and USA are the major hubs for energy harvesting system market. The accurate impact of COVID-19 cannot be estimated. But there has been a disruption due to the shortage of semiconductors. The key application area for energy harvesting is building and home automation. The various climatic changes and changing rainfall patterns are increasing the demand for energy harvesting systems. Self powered wireless sensors are introduced by EnOcean to integrate the energy harvesting solutions. In order to decline the carbon footprints various nations are explaining the positive impact of this technology. Energy harvesting schemes will be introduced in smart cities in order to conserve energy and reduce the dependency on the service provider. Hong Kong is promoting the use of renewable energy by installing the harvesting devices on the roofs of the buildings.

Report Scope of the Energy Harvesting System Market

Report Coverage Details
Market Size by 2030 USD 1,503.9 Million
Growth Rate from 2022 to 2030

CAGR of 11.13%

Largest Market North America
Maximum Revenue Generated Region North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Technology, Components, Application, Vibration Technology, End-use System, Energy Source, Geography
Companies Mentioned ABB, Linear technology, Convergence wireless, Cymbet, EnOcean, Fujitsu, Honeywell

Based on Technology

The vibration technology segment accounted for the largest revenue share of around 33% in 2021. During the forecast period, the light energy Harvesting segment is expected to generate larger income. A lot of companies are engaged in the production of solar energy based products.

The market for the light energy harvesting segment is rising due to the manufacturing of solar based products along with the increasing efficiency of the photovoltaic cells. The naturally and easily available source of energy is the solar energy, which can be easily converted into electricity. The second largest share of the market will be held by the vibration energy harvesting system, due to the use of piezoelectric devices in various applications in the sector of transportation and industry.

Based on Components

The sensor component segment accounted revenue share of 35% in 2021. The Transducer segment has had a larger market share until now and it is expected to grow during the forecast. The energy harvesting transducer segment is driving the demand of the global market. It is due to the growth in usage of electromechanical transducers to harvest vibration energy.

Based on Application

The industrial segment hit largest revenue share of around 31% in 2021. The home automation and building market is anticipated to grow during the forecast. Home automation does not require hard wiring. As there is no disposal of batteries that minimizes the maintenance and the environmental impact to use of energy harvesting systems. In wearable watches, which comes under the domain of consumer electronics is also a very good opportunity. It will help in monitoring the activity of the person and also to manage the health.

Based on Geography

The largest market for this sector is North American region, due to rapid technological developments in the field of energy harvesting and building in home automation investments. There is a boost in this technology in North America. The current technological advancements in North American region have become a very important factor for the growth of this technology for building and home automation investments. The maximum amount of revenue was generated in United States, due to a flourishing industrial and transportation sector.

Energy Harvesting System Market Share, By Region, 2021 (%)

The market is expected to grow substantially because of low operational and labor cost, many industry players are thinking of changing their manufacturing facilities and locating them in Asia Pacific market is expected to grow owing to the techno savvy population and high purchasing power.

Key Market Developments

  • In May 2021 a range of transmitter module for battery free switch appliances was presented by EnOcean named PTM 535BZ. It is the first module that offers a combination of supported wireless standards in 2.4 GHz radio band.
  • The company AB launched the robots, which were used as part of coronavirus testing system in Singapore which helped in processing a volume of up to 4000 samples a day. Compared to the other regions to North American market is seeing a high adoption of industrial IoT which is driving the demand for this technology.
  • In order to install this technology in 50 federal government’s highest energy consuming buildings the US General Services Administration has entered into a contract with the organization IBM. The need to replace batteries in devices such as the laptops or the smartphones is eliminated due to the energy harvesting system and eventually it helps in drastically enhancing the shelf life.
  • Samsung applied for clothing technology in July 2019, which has a built in energy harvesting device that gains power from the body heat, solar heat and the solar light.
  • ZF Friedrichshafen AG Partnered with Schneider electric in march 2021 to introduce new innovative smart industrial switches. Harvesting energy from unlicensed band Spectrums is possible with the self powering chipset which is made with silicon by a company Wiliot, which is an energy harvesting startup. This chipset will be useful for the IT workspaces that act as a center of Bluetooth waves and radio waves.

Key Market Players

  • ABB
  • Linear technology
  • Convergence wireless
  • Cymbet
  • EnOcean
  • Fujitsu
  • Honeywell

Segments Covered in the report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

 By Technology

  • Light energy harvesting
  • Vibration energy harvesting
  • Frequency energy harvesting
  • Thermal energy harvesting
  • Radio frequency energy harvesting

By Components

  • Power Management Integrated Circuits
  • Storage system
  • Transducers
  • Sensors
  • Others

By Application

  • Industrial Application
  • Building and Home Automation
  • Consumer Electronics
  • Security
  • Transportation
  • Others

By Vibration Technology

  • Piezoelectric
  • Electromagnetic
  • Electrostatic
  • Electrodynamic

By End-use System

  • Wireless switching system
  • Wireless HVAC system
  • Wireless sensing and telematics system
  • Tire pressure monitoring system
  • Asset tracking system
  • Remote health monitoring system
  • Regenerative energy harvesting system

By Energy Source

  • Solar Energy
  • Thermal Energy
  • RF Energy

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of energy harvesting system market?
The global energy harvesting system market size was reached at US$ 581.86 million in 2021 and is anticipated to rake US$ 1,503.9 million by 2030.
The global energy harvesting system market is expected to drive growth at a CAGR of 11.13% from 2022 to 2030.
Who are the major players operating in the energy harvesting system market are ABB, Linear technology, Convergence wireless, Cymbet, EnOcean, Fujitsu, Honeywell
Various research and development activities in the energy harvesting system is leading to the growth of this market.
North America dominated the energy harvesting system market in 2021 and will remain its dominance in the near future.
  • Report Code:1697
  • Category:Energy and Power
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published


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