The global energy harvesting market value was more than US$268.6 million in 2015 and now it has been projected to reach $974.4 million by 2022 with a CAGR of 19.6% during 2016-2022. Enlargement in industrialization and infrastructure spending is estimated to have a direct impact on the global energy harvesting market in the future years. Energy harvesting is a process where idle and naturally shaped energy is utilized to create energy using several superior technologies. Increasing demand for energy in key end-use industries is projected to drive the overall energy harvesting market. The factors driving the market are raising demand for safe and durable power source, broad accomplishment of IoT for construction automation and increasing green environment initiatives by the governments. Power across the globe is obtainable in the form of mechanical, electromagnetic, kinetic power, wind, thermal, and solar. Energy harvesting is a process by which energy developed from the many sources is captured, accumulated, stored and managed in such a way that it can be used for any possible drives.

The major mean of energy harvesting is not to create big scale of power but also to store a single part of energy that is being misuse due to day to day industrial procedure. New technological advancement has enlarged the effectiveness of these energy harvesting devices taking even portion amount of energy and changing them into electrical energy.

Process of energy harvesting also helps to employ as another source to deliver a main power sources which enhances largely steadfastness of the system. This is typically significant during the peak hours. For this type of energy, storage devices are essential to match the demand and supply during demand hours. Amplifying use of renewable energy instruments for power production has inflamed the demand for energy storage equipments. Energy harvesting evolves as one of the trendiest technology which helps to move toward the worldwide problem of energy without reducing the forms of energy. The energy harvesting method work on three steps. In first step, the energy is taken through wind turbines, solar panels and others; in second step the energy is stored with the help of super capacitors, batteries, and capacitors in third step the energy harvesting involves application of stored energy in the process of systems and devices. The batteries and super capacitors are usually used for storage of harvested energy. Moreover, with additional developments in technologies for new form of storages are likely to appear in the near future also helps to increase the market of energy harvesting.

The global energy harvesting market is segmented on the basis of technology, system, application and geography. On the basis of technology market is segmented into light energy harvesting, electromagnetic/ vibration energy harvesting and thermal energy harvesting. Light energy harvesting further sub segmented into solar, infrared and UV Radiation. Radio frequency (RF) energy harvesting further sub segmented into near field and far field. And thermal energy harvesting further sub segmented into thermopile and thermo harvester. On the basis of system, energy harvesting market is segmented into thermoelectric, electrodynamics, photovoltaic, radio frequency (RF) transducers piezoelectric and electromagnetic transducers. On the basis of application, energy harvesting the market is segmented into consumer electronics, building and home automation, industrial, transportation and security.

The global energy harvesting market by geographically is segmented into four broad regions that are North America, Europe, Asia Pacific and RoW. Europe holds the highest market shares of energy harvesting market owing to the strongly existence of the environmental regulatory bodies. High support from the government for energy harvesting projects, projected to drive the regional market. North America and Asia Pacific regions have been projected to observe noteworthy growth over the next seven years. Many regulatory regulation & standards and R&D activities of US government, Dept. of Energy and European associations are likely to have optimistic influence on the overall energy harvesting market.

Major operating market players in the global energy harvesting market are, ABB Limited, Arveni, Cymbet Corporation, Fujitsu Limited, Honeywell International Inc., Microchip Technology Inc., Nextreme Thermal Solutions, Schneider Electric, Siemens AG, STMicroelectronics N.V., Texas Instrument Incorporated etc. mergers & acquisitions, technical collaboration, partnership agreement, innovation and expansions are the major strategies adopted by the market players to sustain in the market. In a strategic move on August 2016, Honeywell announced to acquire Intelligrated, a privately held, supply chain and warehouse automation leader for $1.5 billion from a company backed by the Permira funds. Similarly, in October 2015, Microchip completed the acquisition of Micrel Inc., where 98.95 % of Micrel shareholders approved the merger and voted in its favor. These strategies will help company to enhance their reach and capture high market share.

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