Energy Harvesting  Global Forecast to 2028

Energy Harvesting Global Forecast to 2028

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The report provides an in-depth analysis of the energy harvesting systems market and emphasizes the current market trends, market sizes, market shares, recent developments, and forecasts to 2028.

The energy harvesting systems market is expected to reach $15.01 billion by 2028, at a CAGR of 26.3% during the forecast period, 2021-2028.

Rising adoption of energy harvesting systems (EHS) in rural areas, growing demand for safe, power-efficient, and durable energy systems, increasing green energy trends, and favorable initiatives by the government are the key factors driving the growth of the energy harvesting systems market.

The sensors segment is projected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the growing demand for low-cost integrated circuits for signal processing, communication, and data collection functions; and low-power wireless communications interfaces.

The power management integrated circuits (PMIC) segment is projected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the ability to transform extracted power into energy for the storage element and management of its start-up sequence with sufficient energy present.

The thermal energy segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to demand for recovering waste heat from engines, machines, and the human body to charge wearables, industrial and domestic devices worldwide.

The healthcare segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the types of energy harvesting applications used in the healthcare industry, such as human energy harvesting, solar energy harvesting, and infrared radiation harvesting.

The remote health monitoring system segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the increasing demand for remote health monitoring systems among patients and healthcare professionals to monitor health conditions, such as heart conditions, diabetes, and blood pressure.

Based on geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The high growth rate of this region is mainly attributed to the growing demand for electricity across industrial applications and increasing demand for ultra-low power devices for energy conservation across the region.

Key players in the sector include our technology partners Texas Instruments of USA,  ST Microelectronics of France and e-peas SA of Belgium.

Published by Research and Markets, The Energy Harvesting Global Forecast to 2028 costs US$ 4175. Read the full précis here.