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(India.CityRegions.Com, March 16, 2018 ) The Global Energy Harvesting System Market was valued at USD 321.01 million in 2016 and is projected to reach USD 789.74 million by 2025, growing at a CAGR of 10.52% from 2017 to 2025.
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Energy Harvesting System is a system by which energy is derived from external sources, captured, and stored for small, wireless autonomous devices, like those used in wearable electronics and wireless sensor networks. Using energy harvesting system provide us with several benefits such as - higher energy output, simple, cheap, efficient, reliable, long working time, quick start, and enables maintenance free system.
The major players in the market are as follows: 1. Arveni 2. Cymbet Corporation 3. Fujitsu Limited 4. Honeywell International Inc. 5. Microchip Technology Inc. 6. Texas Instruments Incorporated 7. ABB Limited 8. Convergence Wireless 9. Enocean GmbH 10. Greenpeak Technologies B.V. 11. Powercast Corporation 12. Stmicroelectronics N.V. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Dynamics: 1. Market Drivers 1.1 Rising use of human energy harvesting for implantable biomedical devices 1.2 Increasing use of sensors in wearable electronics 1.3 Rising demand for safe, power-efficient, and durable systems 1.4 Growing adoption of wireless sensor networks in energy harvesting systems 1.5 Rising government initiatives for green energy 1.6 Adoption of IoT devices for building and home automation 2. Market Restraints 2.1 High initial cost 2.2 Poor communication protocol standardization
Research Methodology: Research study on the Global Energy Harvesting System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review. The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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