The global energy harvesting system market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period (2021-2027). The speeding up in demand related to the adoption of cost and the power-efficient system is one of the prime factors affecting and driving the market. In energy harvesting, there is no external electricity needed and required for charging the device. As a result, it will lead to a decrease in the maintenance cost along with saving the overall operating cost when compared with conventional cabling systems that are considered to be higher. Additionally, the systems are also durable, unlike the portable power equipment that has a short lifespan and are more prone to damage which in turn is driving the growth of the market.
Browse the full report description of "Global Energy Harvesting System Market Research By Technology (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting, and Thermal Energy Harvesting), and By End-User (Building and Home Automation, Consumer Electronics, Industrial, Transportation & Logistics and Other) Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/energy-harvesting-system-market
The key players present in the global energy harvesting system market had been adopting various strategies that include collaboration to gain major market share. For instance, in September 2020, e-peas that is considered as one of the companies in the energy harvesting sector had done a collaboration with TCT, which is specialized in magnetic components. The companies together have developed a new energy harvesting platform that is based on induction in order to support building automation and smart-grid deployments.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o ByTechnology
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Energy Harvesting System Market
By Technology
• Light energy harvesting
• Vibration energy harvesting
• Radio frequency energy harvesting
• Thermal energy harvesting
By End-User
• Building and home automation
• Consumer electronics
• Industrial
• Transportation & Logistics
• Other (Security)
Global Energy Harvesting System Market by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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