Global vibration energy harvesting systems market is anticipated to reach $ 183 million by 2024, on account of increasing demand for power-efficient and durable systems that require minimum or no maintenance. Extensive implementation of IoT devices in automation and energy harvesting technology in building and home automation, in addition to increasing focus on green energy and favorable government initiatives, are expected to positively influence the global vibration energy harvesting systems market in coming years.
Field of vibration energy harvesting has intrigued noteworthy significance for low power and portable energy sources, credited to fast advancement and mass utilization of portable electronic gadgets. Such energy harvesting systems are registering massive growth, on account of growing desire to create portable and wireless electronic gadgets with extended lifetime. Vibration energy harvesting is an inexhaustible and clean energy scavenging source that is dynamically gaining traction across the world. Such systems are utilized in areas of independent low power microsystems, self-powered wireless sensor systems, portable energy sources, distributed computing and others to renew or supplant traditional power sources, for example, battery. Advancements in vibration energy harvesting systems enable to capture, store and deal with specific measures of motion energy, converting them into electrical energy to supply low-power gadgets or store it for later use.
In terms of application, global vibration energy harvesting systems market has been categorized into consumer electronics, building & home automation, industrial, transportation and security. The consumer electronics category accounted for the major share of the global vibration energy harvesting systems market in 2018. The growth of the consumer electronics category is being majorly driven by rising demand for wireless sensing devices and low-power portable electronics without external power supply.
Presence of vibration energy harvesting systems in the healthcare sector is marginal; however, it is expected to witness healthy growth during the forecast period. Vibration energy harvesting innovations present important social advantages when applied to the healthcare sector. Many associations are as of now currently working with developing an automated pacemaker that will convert kinetic energy from the pulsating of the human heart into electrical energy. The gadget would empower self-charging systems by the bodys vibration.
North America vibration energy harvesting systems market accounted for a major share of the global market in 2018, owing to the high penetration of vibration energy harvesting systems in industrial sectors such as healthcare, transportation, consumer electronics, security, and others. The European market for vibration energy harvesting systems emerged as the second largest in the world in 2018, on account of favorable government policies across various countries in the region. Moreover, the European Commission is promoting the industry with incentives and investments in R&D of energy harvesting and storage devices, thereby driving the market growth in the region.
Global vibration energy harvesting systems market is highly competitive in nature. Most of the market players are focusing on technological advancements of the product to specialize in unequivocal application zones. Various players and new businesses are anticipated to penetrate the market notwithstanding the substantial investments required to enter the market, due to the appealing growth opportunities. Some of the major players operating in global vibration energy harvesting systems market are STMicroelectronics N.V., Honeywell International Inc., Fujitsu Ltd., and Convergence Wireless Inc.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
An objective of the Study:
To analyze and forecast global vibration energy harvesting systems market size.
To forecast global vibration energy harvesting systems market based on product, application and regional distribution.
To identify drivers and challenges for global vibration energy harvesting systems market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global vibration energy harvesting systems market.
To conduct the pricing analysis for global vibration energy harvesting systems market.
To identify and analyze the profile of leading players operating in the global vibration energy harvesting systems market.
Some of the leading players operating in global vibration energy harvesting systems market are STMicroelectronics N.V., Honeywell International Inc., Fujitsu Ltd., Convergence Wireless Inc., Microchip Technology Inc., Cymbet Corporation, EnOcean GmbH, ABB Ltd., Texas Instruments Inc., Powercast Corporation, etc.
Key Target Audience:
Vibration energy harvesting device manufacturers
Vibration energy harvesting systems developers
Vibration energy harvesting systems end-user industries
Government bodies such as regulating authorities and policymakers
Organizations, forums and alliances related to vibration energy harvesting systems market
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
In this report, global vibration energy harvesting systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Product:
Market, by Application:
Building & Home Automation
The market, by Region:
Company Profiles: Detailed analysis of the major companies present in the global vibration energy harvesting systems market.
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Global vibration energy harvesting systems market is anticipated to reach $ 183 million by 2024
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