LONDON, May 19, 2016 /PRNewswire/ -- Global Energy Harvesting Market : Drive Toward Energy Efficiency in Buildings and Industrial Processes will Facilitate the Adoption of Energy Harvesting
The research service reviews the global mega trends driving the market for energy harvesting solutions which make electronic and electric devices self-sufficient. Health, Wellness, and Wellbeing, Smart is the New Green, Connectivity and Convergence, Future of Energy, and Future of Mobility are the five global Mega Trends that will have an impact on the development of the energy harvesting market. The forecast period is from 2016 to 2030 with market forecast being provided by evolving technologies and fast-moving applications. The study also includes profiles of key industry stakeholders. Frost & Sullivan has identified a variety of product solutions that could be equipped with energy harvesting by 2030.
The global energy harvesting market will be worth $ billion by 2030, with building technologies and industrial process control and monitoring being the key application markets.
Five of Frost & Sullivan's twelve Mega Trends will have an impact on energy harvesting.
Health, Wellness, and Wellbeing, Smart is the New Green, Connectivity and Convergence, Future of Energy, and Future of Mobility are the Mega Trends that will impact energy harvesting. Frost & Sullivan has identified a variety of product solutions that could be equipped with energy harvesters by 2030.
The market will be worth $ billion by 2030.
In 2015, the total market was worth $ billion; this is forecast to experience a compound annual growth rate (CAGR) of % to reach $ billion by 2030. The key regions for growth are North America, Japan, the Middle East, and the European Union.
Revenue generated from buildings and industrial process sectors will account for % of the total market by 2030.
Industrial process control and monitoring and building technologies will be the first market segments to have widespread adoption of energy harvesting. The energy-efficient, wireless, and battery-free attributes of energy harvesting applications mean easy installation in both new and existing buildings or industrial facilities
Thermoelectric and electromagnetic solutions will account for approximately % of the total market revenues in 2030.
There is still considerable R&D investment in enhancing technology solutions; thermoelectric and electromagnetic are the most advanced and will account for a significant portion of the market throughout the forecast period.
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