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According to the latest report by IMARC Group, titled " EnergyHarvestingSystemMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandFo recast2022-2027
," the global energy harvesting system market reached a value of US$ 425.7 Million in 2021.
An energy harvesting system can produce energy from different sources using advanced techniques. It converts ambient energy into electrical energy, which can beused to power various devices, including consumer electronics, implantable biosensors, wireless sensor nodes, and military equipment.
It also finds utilization in low-power electrical products, such as sensors, watches and home appliances, as itprovides an efficient alternative to conventional power sources. In recent years, energy harvesting systems have gained traction as they can easily power remotely located electronic devices, sensor networks, and wearable electronics.
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The market is primarily driven by the extensive implementation of Internet of Things (IoT) devices. Rapid urbanization and the rising demand for safe, power-efficient and durable systems have further escalated the need for energy harvesting systems in home automation and buildings since they need no maintenance and are cost-effective in nature. In addition to this, the emergence of tire pressure management systems (TPMS) in the automotiveindustry has necessitated the use of energy harvesting systems to power small electric components.
Besides this, governments of various nations are promoting green and sustainable energy sources, which has resulted in the shift toward energy-saving technology. This is facilitating the adoption of energy harvesting systems in rural areas to avoid power interruptions and supplement the main source of electricity in the circuit.
Lookingforward,themarketisexpectedtogrowataCAGRof12.8%duringtheforecastperiod(20222027). View Report TOC, Figures and Tables: https://www.imarcgroup.com/energy-harvesting-system-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Technology:
• Light Energy Harvesting
• Vibration Energy Harvesting
• Electromagnetic/Radio Frequency (RF) Energy Harvesting
• Thermal Energy Harvesting
• Others
Breakup by Component:
• Transducers
• Power Management IC (PMIC)
• Storage Unit
Breakup by Application:
• Consumer Electronics
• Building and Home Automation
• Transportation
• Healthcare
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• ABB Ltd
• Analog Devices Inc
• Cymbet
• Cypress Semiconductor Corporation (Infineon Technologies AG)
• EnOcean GmbH
• Fujitsu Limited (Furukawa Group)
• Honeywell International Inc
• Microchip Technology Inc
• Powercast Corporation
• STMicroelectronics SA
• Texas Instruments Incorporated
1. Howhastheglobalenergyharvestingsystemmarketperformedsofarandhowwillitperformin thecomingyears?
2. WhathasbeentheimpactofCOVID-19ontheglobalenergyharvestingsystemmarket?
3. Whatarethekeyregionalmarkets?
4. Whatisthebreakupofthemarketbasedonthetechnology?
5. Whatisthebreakupofthemarketbasedonthecomponent?
6. Whatisthebreakupofthemarketbasedontheapplication?
7. Whatarethevariousstagesinthevaluechainoftheindustry?
8. Whatarethekeydrivingfactorsandchallengesintheindustry?
9. Whatisthestructureoftheglobalenergyharvestingsystemmarketandwhoarethekey players?
10. Whatisthedegreeofcompetitionintheindustry?
Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/energy-harvesting-system-market/toc
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