Energy Harvesting Market Overview, Trends and Growth Opportunities Forecasted till 2023
The Energy Harvesting System Market is highly competitive with the presence of many established and emerging players. This market is expected to grow at a CAGR of 10.62% during the forecast period. Product launches and agreements have been the key strategies adopted by the market players to grow in the energy harvesting system market. The strategy of product launches accounted for a share of ~74%, while the agreement strategy accounted for ~9% of the overall growth strategies adopted by the market players between December 2010 and June 2017.
Besides product launches and agreements, the companies have also adopted the strategies of collaborations, contracts, expansions, and acquisitions to expand their business operations, product portfolio, and distribution network as well as strengthen their position and share in this market.
EnOcean GmbH (GmbH) is one of the leading manufacturers of energy harvesting systems. The company offers various products based on technologies, namely, energy harvesting, ultra-low power management, and radio technology. In the energy harvesting product line, the company offers technologies based on solar, thermal, electromagnetic, and vibration energy sources. EnOcean GmbH has alliance with more than 400 member companies working in the area of building automation, and in over 40,000 buildings worldwide, EnOcean technology has been already deployed. 868 MHz, 902 MHz, and 928 MHz frequency bands are based on the EnOcean wireless standard. The companies in the EnOcean Alliance offer approximately 1,500 products, such as light switches, key card switches, and moving floor panels worldwide. In January 2017, EnOcean partnered with IBM (US) to develop building solutions for IoT.
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Powercast Corporation (US) is one of the leading manufacturers of energy harvesting system in the world. Flowserve Corporation offers custom engineering services for products such as RF harvesting receivers. The company’s product portfolio includes powercaster transmitters and powerharvester receivers, development kits, and RFID tags. Owing to this, Powercast Corporation helps its customers to recharge their devices wirelessly, eliminate base charging stations and ports, enable charging of multiple units simultaneously and increase product life. Moreover, the company follows the Restriction of Hazardous Substances (RoHS) Directive while manufacturing its products. In June 2017, Flowserve Corporation launched a wireless power development kit that includes FCC-approved powercaster transmitter, battery charging board, evaluation board, receiving antennas. The development kit charges commercial and industrial devices within the range of 1–80 feet.
The ecosystem for energy harvesting system comprises manufacturers such as EnOcean GmbH (Germany), Mide Technology Corporation (US), Lord Microstrain (US); secondary battery and capacitor providers such as Cymbet Corporation (US), Linear Technologies (US), Murata Manufacturing Co. Ltd., (Japan), and Infinite Power Solution Inc. (US); power management IC manufacturers such as Linear Technologies (US), Cypress Semiconductor Corp. (US), STMicroelectronics (Switzerland), Texas Instruments (US), and Fujitsu (Japan).
The target audience for the report include:
- Energy harvesting device manufacturers
- Energy harvesting system developers
- Secondary battery and capacitor manufacturers
- Distributors and traders
- Research organizations
- Organizations, forums, alliances, and associations related to energy harvesting systems
“The study answers several questions raised by the stakeholders, primarily which market segments to focus on in the next two to six years for prioritizing efforts and investments.”
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