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Energy harvesting market forecast to grow at a staggering rate

Press Release   •   Aug 02, 2012 13:09 BST

The energy harvesting market was valued at $511 million in 2011 and has been forecast to grow at a staggering rate through to 2018 and increase tenfold to be worth a total market value of $5.1 billion.

The deployment of energy harvesting will grow at a compound annual growth rate (CAGR) of nearly 38% over the next few years, resulting in annual shipments of energy harvesting enabled devices of 235.4 million units by 2015.

This strong growth is anticipated to come as units become less expensive yet more effective in the same amount of space.

Improvements in energy density are one of the benefits of energy harvesting give to traditional rechargeable and solid state batteries.

This technology, which converts ambient energy into useable electrical energy, may be used to power portable electrical devices that in many cases rely heavily on batteries. It is able to provide maintenance free, long life energy for equipment, therefore reducing the need for batteries.

Key applications in the energy harvesting sector include mobile phones, laptop computers, remote controls, portable lighting, and the established market for wristwatches powered by kinetic energy.

For more inforamtion on the energy harvesting market, see the latest research: Energy Harvesting Market Report

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