DUBLIN, May 5, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Energy Harvesting System Market by Technology (Light, Vibration, Electromagnetic, Thermal), Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation, Security), and Geography - Global Forecast to 2022" report to their offering.
The market for energy harvesting system is expected to grow from USD 268.6 Million in 2015 to USD 974.4 Million by 2022, at a CAGR of 19.6% between 2016 and 2022
The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The increasing demand for smart home and wireless sensor networking in industries in the American region are the major drivers for the growth of the energy harvesting system market.
The building and home automation application is expected to dominate the global energy harvesting system market. The system is used to power the wireless sensor network in buildings to reduce the energy consumption. The energy harvesting system is also used in the industrial application for powering wireless sensors for level, pressure, flow, and temperature measurement and also to control lighting systems and climate sensors for environment monitoring.
The transportation application is the third-largest market for energy harvesting systems. The energy harvesting technology is used in cars to power small electronics or to charge the car battery; it is used in aircrafts and helicopters to power small electronics. In railways, the energy harvesting system is used for track monitoring and lighting system of the trains.
Light energy harvesting is expected to lead the global energy harvesting system market. In 2015, light energy harvesting held the largest share of the building & home automation and industrial application for powering wireless sensors and low-power devices. The abundant solar energy in the environment is increasingly used to generate electricity in many regions of the world.
The solar energy harvesting devices based on indoor as well as outdoor lights are largely installed in large buildings. The industrial and transportation industries are increasing the use of solar energy harvesting devices to generate power for electronics systems.
The energy harvesting system market in the Americas is expected to hold the largest share by 2022 owing to the major driving forces such as increasing industrial wireless sensor networking, smart home system in new constructions, government initiatives, and increasing green energy awareness.
After the U.S. and Canada, the U.K. and Germany are expected to be the next emerging markets for industrial automation and rise in smart building construction. These countries are expected to contribute to the energy harvesting system market with several new opportunities in the field of transportation, consumer electronics, and medicine.
Major players for energy harvesting system are
- ABB Limited
- Convergence Wireless
- Cymbet Corporation
- Enocean GmbH
- Fujitsu Limited
- Greenpeak Technologies B.V.
- Honeywell International Inc.
- Microchip Technology Inc.
- Stmicroelectronics N.V.
- Texas Instrument Incorporated
For more information visit http://www.researchandmarkets.com/research/j5vh6g/energy_harvesting
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SOURCE Research and Markets