Energy Harvesting Market

Global Energy Harvesting Market Analysis and Opportunity Assessment by Technology, Component, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 972.57Mn between 2022 and 2032

Category: Clean Energy & Power Published Date : October 2022 ID: CVC-00443 Format: PDF Pages: 300

Energy Harvesting Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Energy Harvesting Market grew at a CAGR of 8.9% between 2017-2021 and is estimated to be US$ 567.4Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 10.5% and is expected to reach a valuation of US$ 1,540.0Mn by 2032 end.

The market is also anticipated to be driven by the expanding applications of the Internet of Things (IoT), which include, among others, smart cities, smart homes, Industrial IoT (IIoT), and Machine-to-Machine (M2M) communications. Throughout the forecast period, the market is anticipated to be driven by elements like increased environmental consciousness, favorable governmental policies, aims for reducing greenhouse gas (GHG) emissions, and rising energy consumption. Increased R&D efforts to create new technologies are also anticipated to support market expansion.

Market Dynamic


The rise of the Internet of Things (IoT) has increased demand for wireless equipment that runs on its power and requires no maintenance. The foundational technology for creating IoT systems is the wireless sensor network (WSN). Automation applications, including lighting controls, building management systems, security, access, and fire and life safety, are made possible by IoT.

It’s conceivable that millions of devices will be permanently connected over the next few years via IoT. Due to this, there is a huge requirement for data collecting and processing, which demands a lot of automation.

The sensor network is the best data collection system for the Internet of Things. According to Intel, the global market for IoT technology was estimated to be worth USD 5.2 trillion in 2019, with USD 2.5 trillion and USD 2.3 trillion, respectively, expected to come from industry and healthcare.


Low-power energy harvesting devices are employed in various mobile and portable markets, including military, transportation, and medical equipment. These systems are also used in applications that demand a backup battery, particularly if the battery is placed remotely or in an awkward location.

For optimal signal transmission, the transmitters and receivers in these energy harvesting devices must be positioned close to one another. Gathering data at the central receiver is challenging when the sensor devices are in remote areas.


Small consumer electronics applications for energy harvesting systems are seen as a viable investment prospect. One of the chances for sensors to be employed in applications like activity tracking and healthcare is through wearable watches.

The Pebble smartwatch, for instance, uses accelerometer sensors from STMicroelectronics. The Georgia Institute of Technology in the US and the Beijing Institute of Nanoenergy and Nanosystems in China have developed a hybridized nanogenerator to power a wristwatch and other wearable electronic gadgets. For efficient output, sensors need a stable power source. As a result, energy harvesting systems are being used more frequently in wearable electronics for sensors.

Energy Harvesting Market

Market Segments Covered in Report

By Technology:

  • Lights
  • Vibration
  • Radio Frequency
  • Thermal

By Component:

  • Energy Harvesting Transducer
  • Power Management Integrated Circuits (PMIC)
  • Storage System

By Application:

  • Consumer Technology
  • Building & Home Automation
  • Industrial
  • Transportation
  • Security
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which is the most preferred component of the energy harvesting market?

The energy harvesting transducers segment dominated the global market by component and is projected to expand at a CAGR of 8.1% throughout the forecast period. The primary factor fueling the demand of the worldwide market is the increase in the use of electromechanical transducers for harvesting vibration energy.

Who is the leading application in the energy harvesting industry?

The Building & Home Automation category, which generated the most revenue, is expected to expand at a CAGR of 9.0% throughout the projection period. Because there is no need for hardwiring, installing an energy harvesting system in a building or automating your home has benefits like distribution flexibility. As no battery disposal is required, installing these energy harvesting switches reduces maintenance and environmental effect.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • The market in North America has the largest market share (30.8%) and the highest growth rate, and it is anticipated that it will continue to hold that position during the projected period. In North America, green energy is used more in commercial, residential, and consumer settings.
  • Due to the high purchasing power and expanding population of technologically savvy people in North America’s commercial, residential, and consumer verticals, Asia Pacific is anticipated to experience the fastest growth among the region’s markets throughout the forecast period.

Competition Analysis

Due to the existence of big corporations in all of the regions, the global market is extremely competitive. Companies that compete in the worldwide market strongly emphasize growing their global footprints to boost sales and market share. To meet the growing demands of emerging economies, businesses are expanding their services in the Asia Pacific, Central & South America, and Europe regions.

The key developments in the Global Energy Harvesting Market:

  • In May 2021, the PTM 535BZ module, the newest addition to EnOcean’s line of transmitter modules for battery-free switch applications, was introduced. PTM 535BZ is the first module that offers a combination of supported wireless protocols in the 2.4 GHz radio band, including the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications.
  • In February 2021, the STM32U5 series of extreme power-saving microcontrollers (MCUs) was introduced by STMicroelectronics to satisfy the strictest power/performance specifications for smart applications such as wearables, personal medical devices, home automation, and industrial sensors.

A list of some of the key suppliers present in the market are:

  • ABB
  • Schneider Electric
  • Bionic Power, Inc.
  • STMicroelectronics
  • Cymbet
  • EnOcean GmbH
  • Powercast Corp.
  • Mahle GmbH
  • Analog Devices, Inc.
  • Texas Instruments, Inc.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Technology, Component, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request