Energy harvesting is a process in which energy is stored from an external action or source such as solar energy, thermal energy or vibration. The devices that are used for energy harvesting are called as energy harvesting system or equipment. There are various types of energy harvesting technologies available in the industry. There is high scope for the Energy Harvesting Market in various industries across the globe in the upcoming years.
Scope and Regional Forecast of the Energy Harvesting Market:
Piezoelectric generator is one of the highly used systems for power harvesting purposes. Due to the high demand for piezoelectric energy harvesting growth, there is rise in demand for the piezoelectric materials in the Energy Harvesting Market. Vibration energy harvesting and RF energy harvesting are the highly preferred energy harvesting technologies in this industry.
North America is the leading region in the Energy Harvesting Market due to the strong industrial presence in this region. There is high use of ambient energy and wireless technology energy such as RF for generating electrical energy for different applications. There is high demand for Europe for energy harvesting IC due to environmental concerns.
Asia Pacific is the huge market region with high prospect in the Energy Harvesting Market due to rise of industrialization in this region. China and Japan are the major markets for the growth of this industry with high production of energy harvest devices in the upcoming years.
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Segmentation and Key Players of the Energy Harvesting Market:
The Energy Harvesting Market is segmented into various categories by application, by country and by region as follows:
By Technology: Light, Vibration, Thermal and Electromagnetic
By Application: Building and Home Automation, Consumer Electronics, Industrial, Transportation and Security
By Geography: North America, Europe and Asia Pacific and Rest of the World
Some of the players in the Energy Harvesting Market are as follows:
- Texas Instruments
- Cypress Semiconductor Corporation
- Infinite Power Solution Inc.
The Energy Harvesting Market is a rapidly growing industry due to the rising demand for the population for power and communications across the globe. This market is expected to have high demand for piezoelectric materials and piezoelectric generator for power harvesting compared to other techniques. There are many investors for this market with it is expected to witness high growth in the upcoming years.
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