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Building Automation Energy Harvesting Market Size

Report ID: GMI8269
Published Date: Feb 2024
Report Format: PDF

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Building Automation Energy Harvesting Market Size

Building Automation Energy Harvesting Market was valued at USD 249.5 million in 2023 and is predicted to register more than 8.8% CAGR from 2024 to 2032. The growing demand for energy efficient solutions across buildings coupled with rising integration of energy harvesting solutions with advance building automation systems is propelling the installation the systems.

Building Automation Energy Harvesting Market

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Energy harvesting technologies offer an opportunity to harness ambient energy sources, including solar, thermal, and kinetic energy, to power building automation systems, reducing reliance on traditional grid-based electricity. Additionally, ongoing advancements in energy harvesting technologies, including improvements in solar panels, piezoelectric materials, and thermoelectric generators, are enhancing the efficiency and reliability of energy harvesting systems which in turn are driving increased adoption of energy harvesting solutions in building automation applications.

Building Automation Energy Harvesting Market Report Attributes
Report Attribute	Details
Base Year:	2023
Building Automation Energy Harvesting Market Size in 2023:	USD 249.5 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.8%
2032 Value Projection:	USD 506.1 Million
Historical Data for:	2019 to 2023
No. of Pages:	140
Tables, Charts & Figures:	223
Segments covered:	Source, Component, & Region
Growth Drivers:	Increasing adoption of advance building automation solutions Growth in renewable energy sector Rapidly expanding building stock
Pitfalls & Challenges:	Lack of awareness

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of building automation energy harvesting was reached USD 249.5 million in 2023 and is projected to showcase around 8.8% growth rate through 2032, driven by a growing demand for energy efficient solutions for buildings.

Energy harvesting transducers segment of building automation energy harvesting industry is set to grow at over 8.5% CAGR through 2032, owing to the rise in rural and off-grid applications.

North America building automation energy harvesting market revenue is predicted to surpass USD 170 million by 2032, attributed to rise in renewable energy initiatives, coupled with the growing demand for sustainable buildings.

ABB, Advanced Linear Devices, Inc., Cedrat technologies, EnOcean GmbH, Fujitsu, Honeywell, Kinergizer, Laird Connectivity, Mide Technology Corp., Mouser Electronics, Perpetua Power, Powercast Corporation, Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated, and ZF Friedrichshafen AG.