Global Energy Harvesting Equipment Market Revenue Driven by Growing Demand for Reliable and Stable Systems with the Use of IoT Devices


Posted October 25, 2022 by Snehapatil3010

Energy Harvesting Market Segmented By Thermoelectric, Piezoelectric, Radio Frequency, Photovoltaic Energy Source in Energy Harvesting Ics, Energy Harvesting Sensors, Energy Harvesting Storage Product Category
 
Energy Harvesting Market

Persistence Market Research (PMR) recently published a report titled “Energy Harvesting Equipment Market – Global Industry Analysis 2013-2017 and Forecast 2018-2026.” Energy harvesting equipment has witnessed an upsurge in the past three years with increasing digitalization as well as the growing adoption of green energy. The global energy harvesting equipment market is expected to register a CAGR of 9.9% during the forecast period of 2018 to 2028. North America, SEA & others of APAC, and Western Europe are expected to account for an approximate market share of 50% by the end of the forecast period.

In this report, PMR has segmented the global energy harvesting equipment market on the basis of energy source, end user, industry vertical, product category, and region.

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The global annual revenue from the deployment of energy harvesting equipment devices is expected to be valued at US$ 2,670.5 Mn by the end of 2028. The dominant regions, i.e. North America, China, SEA & others of APAC, and Western Europe, are expected to collectively account for a majority share of the global energy harvesting equipment market.
The energy harvesting equipment market in Latin America economies and China are likely to dominate the global energy harvesting equipment market over the forecast period. Energy harvesting equipment is adopted by several organisations in the recent years and many more organisations are expected to adopt this technology in the near future. One of the major factors driving the global energy harvesting equipment market is the digital transformation that is gaining traction in manufacturing, retail, IT, education, and wholesale industries.

The energy harvesting equipment market in Latin America is estimated to expand at a significant CAGR in terms of value over the forecast period. Moreover, the energy harvesting equipment market in Eastern Europe is also expected to witness significantly high growth. The market in the Latin America, SEA & Others of APAC, and Eastern Europe regions is expected to present the most attractive opportunities for energy harvesting equipment manufacturers, followed by the MEA and China markets.

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According to PMR analysis, increasing awareness about the adoption of green energy, high growth opportunities across developing countries, and an increase in the number of new service providers of energy harvesting equipment are some of the factors that are likely to increase revenue and new innovation strategies to enable the manufacturers of energy harvesting equipment to reach new growth markets.

Examples of some of the market participants in the global energy harvesting equipment market report are Tigo Energy, Inc.; greenTEG; EnOcean GmbH; Murata Manufacturing Co., Ltd.; Ocean Harvesting Technologies AB; UTAG Green Energy Technologies Inc.; ReVibe Energy; SolarEdge Technologies Inc.; Renesas Electronics and Cymbet Corporation.

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Issued By Sneha patil
Phone +1-646-568-7751
Business Address Persistence market research, 305 Broadway, 7th Floor, New York City, NY 10007 United States
Country United States
Categories Computers , Education , Research
Tags energy harvesting market , energy harvesting market size , energy harvesting market share , energy harvesting market forecast
Last Updated October 25, 2022