New York City, 22 January 2019: The Global Energy Harvesting Equipment Market generated $372 million in
2017 and is anticipated to grow at a CAGR of 11.4% during the forecast period.
Energy Harvesting Equipment uses
electrical energy present in the environment to power various circuits and
appliances. Energy harvesting equipment is used to power electronics at
locations with no conventional power sources, and in applications in remote
locations, underwater, and other difficult-to-access locations. Some
applications of energy harvesting equipment include remote corrosion monitoring
systems, implantable devices and remote patient monitoring, structural
monitoring, RFID, Internet of Things, and equipment monitoring among others.
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The demand for energy harvesting
equipment has increased over the years owing to growing environmental awareness
among consumers. Rising energy costs, and depletion of traditional fuel sources
has increased the adoption of energy harvesting equipment. The increasing need
for energy efficiency, supportive government initiatives, and growing awareness
regarding use of renewable energy sources supports the growth of the market.
Growing demand from building and home automation and wearable electronics along
with technological advancement and growing adoption of wireless sensor networks
is expected to provide numerous growth opportunities in the coming years.
The report provides an extensive
qualitative and quantitative analysis of the market trends and growth prospects
of the Global Energy Harvesting Equipment Market, 2017-2026. This report
comprises a detailed geographic distribution of the market across North
America, Europe, Asia-Pacific, Latin America, and MEA. North America is further
segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK,
Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China,
India, Japan, and Rest of Asia-Pacific. North America generated the highest
revenue in 2017 owing to introduction of supportive government regulations and
growing awareness regarding environmental pollution. The increasing demand from
building and home automation sector has accelerated the adoption of energy
harvesting equipment in the region.
Competitive
Landscape and Key Vendors:
The global Energy
Harvesting Equipment market is characterized by the presence of
well-diversified international and small and medium-sized vendors. These
companies are consistently launching new products to enhance their offerings in
the market. With the advancement of technologies, companies are innovating and
introducing new customized products to cater the growing needs of the
customers. Leading companies are also acquiring other companies, and enhancing
their product offerings to improve their market reach. Acquisitions enable key
players to increase their market potential in terms of geographic expansion and
expansion of customer base.
The leading companies profiled in the
report include Fujitsu Limited, GreenPeak Technologies, ABB Limited, Texas
Instruments Incorporated, Microchip Technology Inc., Siemens AG, Arveni SaS,
Cymbet Corporation, Honeywell International Inc., and Enocean GmbH.
Read More: https://www.polarismarketresearch.com/industry-analysis/energy-harvesting-equipment-market/
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