Persistence Market Research

Energy Harvesting Market to Witness Growth Acceleration by 2025


New York, NY -- (SBWIRE) -- 07/20/2017 -- It also use to accumulate and store this captured energy from natural resources for later use. Moreover, this captured energy helps to improve the overall efficiency of energy harvesting system.

In energy harvesting system, energy can be stored in independent small and autonomous sensors by using trending micro-electro-mechanical-system technology. The energy harvested for wireless sensors and consumer electronics devices will significantly improve reliability and environmental sustainability of low power devices. Energy harvesting systems are being used for various applications such as indoor environment control system, lighting system and safety system.

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Most of the critical infrastructure components are totally dependent on the energy source or energy generating systems to perform their tasks. Although, emergence of innovative energy harvesting technologies such as ocean energy harvesting will grow the market of energy harvesting system in positive manner.

The major factors driving the market of energy harvesting system includes growing usage of internet of things (IOT) for automation such as building and home automation application. These applications has acquire energy harvesting system for powering their wireless sensor network. Moreover, the demand for energy harvesting system is rapidly increasing owing to growing awareness of energy conservation for safe and durable power resources. Light energy harvesting system holds the largest market share and it is growing in positive manner. Light energy harvesting system uses solar energy, UV light and IR light which provide power to low power electronics devices such as complementary metal oxide semiconductor.

Major challenge faced by energy harvesting system market is high initial cost and lack of expertise which is hindering the growth of energy harvesting system market.

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Some of the key players of energy harvesting system market are: ABB LTD, Fujitsu, Honeywell international, Siemens AG, Microchip technology Inc., Convergence wireless, Cymbet Corporation, STMicroelectronics, Texas instruments.

Presently, North America region is holding the largest market share of energy harvesting system owing to the rapid advancement in technologies and rise in adoption of home automation, industrial wireless network and increasing demand of green energy resources.

In European region, the energy harvesting system market is emerging owing to implementation of various trending technologies such as micro-electro-mechanical-system (MEMS).

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