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Energy harvesting refers to the integrated approach of collecting, storing and harnessing energy; primarily ambient energy for various applications under the purview of both on-demand and off-grid usage. Although a greener and efficient solution, energy harvesting is expensive in nature and is adopted only when other sources of energy are not approachable.
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Global Energy Harvesting Market Analysis Opportunity Assessment 2014 – 2020
Global Energy Harvesting Market Energy harvesting refers to the integrated approach of collecting, storing and harnessing energy; primarily ambient energy for various applications under the purview of both on-demand and off-grid usage. Although a greener and efficient solution, energy harvesting is expensive in nature and is adopted only when other sources of energy are not approachable. However, it is imperative to understand that harvested energy is preferred on the basis of demand and not on the basis of supply or availability of the energy sources. Analysis Opportunity Assessment 2014 – 2020 On the basis of different energy sources/fields, the energy harvesting market can be segmented as: radiation (solar, electromagnetic and light, etc.), mechanical (fluid, elastic, kinetic and potential), chemical (battery, fuel cells and phase change), nuclear, magnetic, electric, thermal and gravitational. The usability of these energy sources depends upon the location of the energy harvester and can be restricted to a specific application for a given location. Among these, energy harvesting using electric and magnetic fields is most common.
Global Energy Harvesting Market On the basis of application, the energy harvesting market is segmented as: wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military & aerospace, automotive, healthcare and others (research, animals, farming, etc.). Among these, consumer electronics including mobile phones, wrist watches, calculators, piezoelectric gas lighters etc., cover the maximum share of the global energy harvesting market. This is followed by military & aerospace-based applications of energy harvesting. However, building and home automation is the fastest growing application in the energy harvesting sector. Also, energy harvesting is an integral part in a wireless sensor network these days. On the basis of geography, the energy harvesting market is segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe and the Middle East & Africa. Among these, Europe is the fastest growing market, followed by North America, APAC and other regions. In North America, the U.S. accounts for the maximum share; whereas, in APAC, Japan accounts for the largest market share of the energy harvesting market. The global energy harvesting market is expected to grow at a double-digit CAGR over the next six years.
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