Energy Harvesting System Market 2030 By Component (Transducers (Photovoltaic, Piezoelectric, Electromagnetic, RF, Thermoelectric), PMICs, Secondary Batteries)Technology (Light, Vibration, Radio Frequency (RF), Thermal) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

The energy harvesting system market achieved a valuation of USD 0.6 billion in 2023 and is projected to reach USD 0.9 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The expansion of this market is propelled by growing environmental apprehensions, demands for miniaturization and flexibility, and the incorporation of Internet of Things (IoT) devices into energy harvesting systems for home and building automation.

Market Dynamics:

Drivers: Miniaturization and flexibility requirements

The call for smaller, more adaptable energy harvesting systems is on the rise, fueled by the increasing necessity for power solutions that are compact, lightweight, and versatile. Applications such as wearable electronics, IoT sensors, and smart packaging necessitate energy harvesting systems that seamlessly integrate into diminutive form factors and conform to assorted shapes and structures.

By miniaturizing energy harvesting systems, they can be effortlessly incorporated into smaller devices, enhancing practicality and efficiency. For instance, wearable electronics can harness power from users' movements or body heat, doing away with the need for frequent battery replacements. This augments user convenience, elongates device lifespan, and diminishes electronic waste.

Flexibility is equally pivotal for energy harvesting systems, especially in scenarios where adaptability to curved surfaces or conformity to irregular forms is crucial. Supple energy harvesting devices can be seamlessly merged into textiles, curved surfaces, or asymmetrical objects without compromising performance or visual appeal. This widens the scope for integrating energy harvesting into smart clothing, flexible displays, and curved electronics.

Restraint: Geographic and environmental constraints

Energy harvesting technologies hinge on specific geographic locations or environmental situations to function at their peak. As an example, solar energy harvesting relies on abundant sunlight for optimal power generation, rendering it less fitting for regions with limited sun exposure or elevated cloud coverage. Thus, geographic and environmental limitations can impede the extensive adoption of energy harvesting systems in locales where necessary resources are not readily accessible. Regions with minimal sunlight may find solar energy harvesting less feasible and might have to resort to alternative energy sources. Correspondingly, regions with subdued wind speeds may not reap benefits from wind energy harvesting setups.

Additionally, environmental conditions like extreme temperatures, humidity, or corrosive surroundings can influence the efficiency and durability of energy harvesting systems. For instance, extreme cold can diminish the efficacy of solar panels, and elevated humidity levels can impact the performance of specific energy harvesting devices. These environmental confines might necessitate extra considerations and adjustments in system design, materials, or maintenance protocols, subsequently escalating costs and intricacy.

Opportunities: Emergence of Smart Cities

The rise of smart cities presents promising prospects within the energy harvesting system market. As urban areas become denser and more interconnected, the demand for sustainable energy solutions to power intelligent infrastructure grows. Smart buildings, integral to smart cities, stand to benefit significantly from energy harvesting technologies. Integrating these systems into building structures enables the generation of energy from ambient sources like solar, thermal, or kinetic energy.

This harvested energy can then power low-power devices, sensors, and monitoring systems within the building. Additionally, energy harvesting tech can capture and repurpose wasted energy, such as converting heat from HVAC systems or capturing vibrations from building operations. These applications reduce reliance on conventional energy sources and enhance overall energy efficiency within buildings.

Furthermore, energy harvesting systems can be leveraged by crucial components of smart cities, such as intelligent transportation systems. Traffic management, street lighting, and signage can be powered by energy derived from ambient sources, reducing dependence on the electrical grid. Solar panels integrated into road surfaces, for instance, can harvest solar energy to power streetlights or charging stations for electric vehicles. Energy harvesting technologies also hold potential for converting braking or vibrations within transportation systems into electricity, thereby powering onboard sensors, communication devices, and lighting.

Moreover, energy-efficient networks within smart cities can tap into the capabilities of energy harvesting systems. Wireless sensor networks can employ these technologies to power numerous sensors deployed throughout the city for purposes such as environmental monitoring, waste management, and security. Harnessing energy from the environment enables these networks to operate autonomously, reducing the need for frequent battery replacements or external power sources.

The integration of energy harvesting systems into smart cities offers a range of advantages: decreased reliance on traditional energy sources, promotion of sustainability, heightened energy efficiency, and bolstered resilience of city infrastructure. These technologies empower smart cities to achieve self-sufficiency and lessen their environmental impact, contributing to cost savings by reducing energy consumption and maintenance requirements.

Challenge: Limitations associated with integrating energy harvesting systems into existing infrastructure

The integration of energy harvesting systems into existing infrastructure poses significant challenges due to the diverse nature of the infrastructure and the need for retrofitting or modifications. The integration process involves adapting the infrastructure to accommodate energy harvesting technologies and ensuring compatibility with existing systems and operations. One of the primary challenges is retrofitting older structures or buildings.

Many existing buildings were not designed with energy harvesting systems in mind, which can make the integration process complex and costly. Retrofitting may involve modifications to the building envelope, electrical systems, and structural components to incorporate energy harvesting devices such as solar panels, piezoelectric sensors, or kinetic energy harvesters. Structural assessments and engineering expertise are often required to ensure the integrity and safety of the retrofitting process.

Similarly, integrating energy harvesting systems into roadways or transportation infrastructure presents unique challenges. The installation of energy harvesting technologies, such as piezoelectric materials or solar panels, may require road resurfacing or modifications to accommodate the devices. Coordination with transportation authorities and consideration of traffic management are essential to minimize disruptions during the integration process.

Furthermore, the integration of energy harvesting systems with the existing transportation infrastructure may involve overcoming regulatory and safety requirements. Industrial equipment and machinery also pose challenges for integration with energy harvesting systems. Retrofitting existing equipment to harness energy from ambient sources, such as vibrations or waste heat, may require modifications to the equipment design or the addition of energy harvesting modules.

Compatibility with control systems and electrical interfaces must also be considered to ensure seamless integration without compromising the operational efficiency or safety of the equipment.The incorporation of energy harvesting systems into existing infrastructure presents notable challenges due to the diverse nature of infrastructure and the necessity for retrofitting or modifications.

This integration process entails adapting infrastructure to accommodate energy harvesting technologies while ensuring compatibility with current systems and operations. One primary challenge is retrofitting older structures or buildings that weren't designed with energy harvesting in mind, rendering the integration process intricate and costly.

Retrofitting might involve modifications to the building envelope, electrical systems, and structural components to incorporate energy harvesting devices like solar panels, piezoelectric sensors, or kinetic energy harvesters. Often, structural assessments and engineering expertise are vital to guarantee the integrity and safety of the retrofitting process.

Similar complexities emerge when integrating energy harvesting systems into roadways or transportation infrastructure. Installing energy harvesting technologies, such as piezoelectric materials or solar panels, could necessitate road resurfacing or adjustments to accommodate the devices. Coordinating with transportation authorities and considering traffic management becomes crucial to minimize disruptions during integration. Moreover, integrating energy harvesting systems into existing transportation infrastructure may require overcoming regulatory and safety stipulations.

Industrial machinery and equipment also present integration challenges. Retrofitting existing equipment to harness ambient energy, like vibrations or waste heat, may demand alterations to equipment design or the addition of energy harvesting modules. Ensuring compatibility with control systems and electrical interfaces becomes essential to facilitate seamless integration without compromising operational efficiency or safety.

Light energy harvesting segment to hold larger market share during the forecast period.

In 2022, this segment held a larger portion of the energy harvesting system market. As the demand for clean and sustainable energy solutions continues to surge, light energy harvesting emerges as a promising avenue for tapping into renewable energy sources. The progress in photovoltaic technologies, exemplified by solar panels, has paved the way for efficient conversion of sunlight into usable electricity.

Furthermore, emerging technologies like organic solar cells, perovskite solar cells, and transparent solar panels are reshaping the field by boosting efficiency and broadening the scope of applications. The adaptability of light energy harvesting allows its integration into an extensive range of devices and systems, including wearables, IoT devices, autonomous sensors, and smart infrastructure.

This technology curbs dependence on conventional energy sources, fosters energy autonomy, reduces carbon emissions, and unlocks opportunities for decentralized power generation. With ongoing research and development endeavors, the growth potential of light energy harvesting is projected to accelerate, propelling innovation, sustainability, and economic advancement in the forthcoming years.

Transducers segment account for the largest share of the energy harvesting system market for during the forecast period

The surge in demand for self-powered devices and the expansion of the IoT drive the necessity for energy harvesting transducers. These transducers present an appealing alternative to conventional batteries, facilitating the creation of self-sustaining devices that can function without external power sources or frequent battery changes.

The growing consciousness about sustainability and energy efficiency motivates industries to adopt renewable and eco-friendly power solutions, curtailing reliance on disposable batteries. The increasing application scenarios across various sectors, including building automation, automotive, and transportation, further bolster the demand. These combined factors establish a favorable environment for heightened adoption of energy harvesting transducers in the upcoming years.

Building & home automation application to exhibit highest growth in terms of energy harvesting system market during the forecast period

This surge is driven by the escalating need for energy-efficient and intelligent living spaces. Integrating energy harvesting systems into these applications emerges as a pivotal growth catalyst, offering numerous advantages in terms of sustainability, convenience, and cost reduction. These systems enhance energy efficiency by harnessing renewable sources like solar, thermal, or kinetic energy to power lighting, HVAC systems, sensors, and smart devices.

Equipped with wireless connectivity and scalability, energy harvesting systems facilitate seamless integration without complex wiring. The maintenance-free operation and diminished environmental impact of these systems further contribute to market expansion across building & home automation applications. By leveraging energy harvesting systems, these applications pave the way for a more environmentally friendly and adaptable future.

Energy harvesting system market in Asia Pacific estimated to grow at the fastest rate during the forecast period

This phenomenon can be attributed to the region's technological progress and robust manufacturing capacities, both of which actively contribute to the formulation and successful implementation of energy harvesting systems. Moreover, the mounting awareness and commitment to environmental sustainability prevalent among both consumers and enterprises propel the adoption of eco-friendly energy practices, encompassing the realm of energy harvesting. Notably, the Asia Pacific region is currently experiencing substantial investments in smart city initiatives, necessitating efficacious and sustainable power solutions, thereby generating an upsurge in the demand for energy harvesting systems.

Key Market Players

Major vendors in the energy harvesting system companies include STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Texas Instruments Incorporated (US), Analog Devices, Inc. (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), EnOcean GmbH (Germany), ABB (Switzerland), Honeywell International Inc. (US), Qorvo, Inc. (US). Apart from this, Kistler Group (Switzerland), Cymbet Corporation (US), Mide Technology Corporation (US), Physik Instrumente (PI) GmbH & Co. KG (Germany), CTS Corporation (US), Trameto Limited (UK), Nexperia (Netherlands), CeramTec GmbH (Germany), Bionic Power Inc. (Canada), Kinergizer (Netherlands), Powercast Corporation (US), Micropelt GmbH (Germany), Advanced Linear Devices, Inc. (US), APC International Ltd. (US), and Voltree Power (US) are among a few emerging companies in the energy harvesting system market.

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Segmentation 

By Technology:

• Light Energy Harvesting
• Vibration Energy Harvesting
• Radio Frequency (RF) Energy Harvesting
• Thermal Energy Harvesting
  • Low-temperature Range
  • Medium-temperature Range
  • High-temperature Range

By Component:

• Transducers
  • Photovoltaic
  • Electrodynamic, Piezoelectric, and Electromagnetic
  • Thermoelectric
  • Radio Frequency (RF) Transducer
• Power Management Integrated Circuits (PMICs)
• Secondary Batteries

By End-use System:

• Wireless Switching System
• Wireless HVAC System
• Wireless Sensing and Telematics System
• Tire Pressure Monitoring System
• Asset Tracking System
• Remote Health Monitoring System
• Regenerative Energy Harvesting System

By Application:

• Building & Home Automation
• Consumer Electronics
• Industrial
• Transportation
• Security

By Region:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Rest of the World (RoW)
  • South America
  • Middle East & Africa

Recent Developments

• In March 2023, STMicroelectronics (Switzerland) unveiled the L9961 battery management system (BMS) device, which delivers precise and adaptable performance. This enhancement uplifts the efficiency, robustness, and safety of energy harvesting from Li-ion and Li-polymer batteries. Targeted applications include power tools, energy storage, and medical devices.
• In March 2023, Infineon Technologies AG (Germany) introduced the NGC1081, a fresh NFC tag-side controller featuring integrated sensing and energy harvesting capabilities. This compact and battery-free solution empowers cost-effective, intelligent sensing IoT devices across diverse domains, from medical patches to data loggers and smart thermostats.
• In June 2022, during Lightfair 2022, EnOcean GmbH (Germany) showcased its lineup of self-powered sensor and switch solutions that rely on energy harvesting wireless technology. The Easyfit portfolio presented wireless controls tailored for smart lighting systems, leading to energy conservation and enhanced environments. Notably, these products stood out for their battery-free, wireless, and interoperable nature, rendering them suitable for a wide spectrum of building automation and IoT applications.