Energy Harvesting System Market 2020: by Scope, Size, Opportunities and Growth Rate analysis

Market Research Future published a research report on “Energy Harvesting System Market Research Report - Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Market Synopsis:
According to Market Research Future (MRFR)’s assessment, the global Energy Harvesting System Market has been prognosticated to expand at a steady CAGR over the forecast period 2016 to 2022. The increasing cases of power outages are likely to propel the expansion of the market over the next couple of years.
These systems generate energy from external sources and store for small autonomous wireless devices. The increasing adoption of Energy Harvesting systems in wearable technology is expected to augment the market over the next couple of years. The system facilitates the conversion of energy to electricity and stores it in battery units. It is poised to boost the growth pattern of the global Energy Harvesting in the years to come.
Energy harvesting systems are anticipated to penetrate different industry verticals such as healthcare in the upcoming years. This, in turn, is expected to catapult the energy harvesting system market on an upward trajectory.
The growing market for IoT owing to rising deployment of automation is presumed to favor the expansion of the Energy Harvesting System Market in the foreseeable future. In addition, the increasing awareness about energy conversation is anticipated to have a positive influence on the expansion of the market across the review period.
Supportive laws framed by the governments for efficient use of energy are likely to catalyze the growth of the energy harvesting system market in the upcoming years. Increasing demand for a durable power source is one of the primary driving factors responsible for accelerating revenue creation in the market. The initiatives undertaken for building green environments are poised to support market growth in the nearby future.
Key Players
Some of the major players in Global Energy Harvesting System Market include ABB Limited (Switzerland), Fujitsu (Japan), Honeywell International Inc.(U.S.), Siemens AG (Germany), Microchip Technology Inc. (U.S.), Convergence Wireless (U.S.), Cymbet Corporation (U.S.), STMicroelectronics (Switzerland), and Texas Instruments (U.S.) among others.
Regional Outlook
The global energy harvesting system market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America is expected to dictate the global energy harvesting system market with the largest share owing to the growing automation and smart home market. The US is expected to dominate the regional energy harvesting system market therefore, driving the regional market revenue to a prominent level. The energy harvesting system market within Asia Pacific is anticipated to generate a high growth rate over the forecast period of 2016 to 2022. Within Europe, the energy harvesting system market is likely to witness fast-paced ascension over the forecast period.
Market Segmentation
The global Energy Harvesting System Market is segmented by components, methods, sensors, applications, and region. Based on components, the global energy harvesting system market is segmented into controllers, transistors, capacitors, solar cells, batteries, and switches. Based on methods, the global energy harvesting system is segmented into photovoltaic, vibration, and thermal. Based on sensors, the global energy harvesting system market is segmented into pressure, temperature, humidity, and IR. Based on application, the global energy harvesting system market is segmented into consumer electronics, automation, transportation, and industrial.
Industry Updates:
Sep 2019 Though the Infiniti Project Black S prototype project has concluded, Infiniti and Renault F1 Team have detailed development of their high-performance, dual-hybrid powertrain. The test vehicle created as a result is based on the Infiniti Q60 sports coupe through its 400ps VR30 twin-turbo V6 engine, and dual-hybrid system, which joins supercar performance with smart energy management. The VR30 engine has been altered with the conception of dual heat-energy harvesting systems (MGU-H: motor generator unit – heat), which create electricity under acceleration.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312

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