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Energy Harvesting Market Size - By Source (Solar Energy, Vibration & Kinetic Energy, Thermal Energy, Radio Frequency (RF)), By Component (Energy Harvesting Transducer, Power Management Integrated Circuits (PMIC)), By End Use (Wireless Sensor Networks, Consumer Electronics, Building Automation, Automotive) & Forecast, 2023 - 2032

  • Report ID: GMI7235
  • Published Date: Oct 2023
  • Report Format: PDF

Energy Harvesting Market Size

Energy Harvesting Market was valued at USD 601.1 million in 2022 and is estimated to register at a CAGR of over 7.9% between 2023 and 2032. The market refers to the industry and technology sector focused on capturing and converting ambient energy from the environment into usable electrical power. This harvested energy can then be used to power electronic devices and systems, often in situations where it may be challenging or impractical to use traditional batteries or a continuous external power source.

Energy Harvesting Market

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Rapid growing IoT infrastructure along with advancements in energy harvesting technologies across various end use verticals will comprehend the industry landscape. The rapid proliferation of Internet of Things (IoT) devices has created a demand for sustainable, long-lasting power solutions. In addition, energy harvesting enables these devices to operate without frequent battery replacements. Moreover, ongoing advancements in energy harvesting technologies, such as improved efficiency and miniaturization, are expanding the range of applications and making these systems more viable for various industries.


The driving factors underscore the growing importance of energy harvesting as a sustainable and cost-effective approach to meet the energy needs of diverse industries, enhance environmental responsibility, and address the challenges posed by a changing energy landscape. The energy harvesting market is poised for continued growth and innovation as it contributes to a more sustainable and energy-efficient future.

Growing emerging market in developing countries coupled with increasing rural & off-grid application will complement the business scenario. Emerging markets with limited access to reliable power sources are recognizing the benefits of energy harvesting for powering essential devices and infrastructure. In addition, energy harvesting is a valuable solution for remote or off-grid locations, where a continuous power source is unavailable or impractical, thereby positively influencing the industry landscape.

COVID- 19 Impact

The COVID-19 pandemic had both direct and indirect impacts on the energy harvesting market. The immediate effects were largely negative due to disruptions in supply chains, reduced production, and delays in project implementations caused by lockdowns and travel restrictions. However, the pandemic also highlighted the importance of resilient and sustainable technologies. As the world shifted its focus towards remote monitoring and the Internet of Things (IoT), the demand for energy-efficient, self-powered devices grew.

Energy Harvesting Market Trends

The energy harvesting industry is undergoing a transformation marked by several prominent trends. Rapid expansion of internet of things are finding new relevance, providing power to IoT devices without the need for frequent battery replacements is anticipated to fuel the market growth. This trend is driving the development of more efficient and compact energy harvesting solutions. In Addition, advancements in materials science are contributing to improved efficiency and durability of energy harvesting devices, with new materials and coatings enhancing the performance of solar panels, piezoelectric generators, and thermoelectric modules.

Wireless sensor networks are becoming more prevalent, reducing the reliance on wired power sources and lowering maintenance costs, particularly in applications like environmental monitoring and industrial automation. Energy harvesting is also making its mark in the wearable technology sector, as solar cells and kinetic energy harvesters are used to extend battery life and enhance user convenience in smartwatches and fitness trackers.

Energy Harvesting Market Analysis

Energy Harvesting Market Size, By Source, 2021 - 2032 (USD Million)

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Based on source, the solar energy source is anticipated to attain about 8.6% growth rate up to 2032. Consistently decreasing solar panels along with their associated equipment is witnessing a transformative set of business trends, thereby comprehending the market outlook. energy storage integration is becoming increasingly common to overcome solar power's intermittency, enhancing reliability. As solar power approaches grid parity in numerous regions, businesses are adopting it as a cost-effective and sustainable energy source, further fueled by corporate sustainability commitments.

  • Supportive government policies, regulations, and incentives are incentivizing solar energy system installations, while technological advancements are boosting system efficiency and performance.
  • Energy independence is a growing priority for businesses, and solar energy offers on-site power generation and potential revenue opportunities through surplus energy sales.
  • These trends underscore the growing significance of solar energy harvesting as a viable and sustainable business solution, driven by economic considerations, environmental responsibility, and the evolving energy landscape.
Energy Harvesting Market Revenue Share, By End Use, 2022

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Based on end use, the building automation end use industry is likely to observe gains at nearly 8.2% between 2023 and 2032. Growing importance of energy harvesting in building automation, contributing to more sustainable, energy-efficient, and environmentally responsible buildings. As technology continues to advance, the integration of energy harvesting solutions is expected to play a pivotal role in shaping the future of the building automation industry.

  • Growing trend of the ability to remotely monitor and control building systems that allows for more responsive and efficient energy management, especially in large or complex buildings is spurring the industry growth.
  • Building automation solutions are increasingly integrating multiple energy sources, such as solar power, wind energy, and energy storage systems. Hybrid energy systems offer more reliability and resilience, ensuring continuous power availability and further reducing environmental impact.
  • The Internet of Things (IoT) is reshaping the building automation landscape. Smart sensors and devices are being integrated to optimize energy use, reduce waste, and improve occupant comfort. Energy harvesting technologies, such as solar panels and kinetic energy harvesters, are crucial in powering these IoT devices, reducing the reliance on traditional power sources.
  • Building automation systems are increasingly incorporating advanced energy management software. These platforms enable real-time monitoring, data analysis, and predictive maintenance, allowing building owners and operators to make data-driven decisions for optimal energy harvesting and consumption.
North America Energy Harvesting  Market Size, 2021 - 2032 (USD Million)

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North America energy harvesting market is projected to expand at over 7.6% at a CAGR through 2032. Increasing renewable energy initiative along with demand for sustainable buildings across countries including the U.S. & Canada will complement the market scenario. Government incentives, tax credits, and rebates at the federal, state, and local levels are encouraging the adoption of renewable energy sources, including energy harvesting technologies. These incentives promote investments in solar, wind, and other forms of energy harvesting.

  • The need for grid resilience is pushing the deployment of energy harvesting solutions to ensure power availability during disruptions, such as extreme weather events. These systems, combined with energy storage, offer a reliable source of backup power.
  • The region is witnessing significant research and development activities in energy harvesting technologies, leading to innovations in materials, efficiency, and design. These advancements are helping to drive market growth.
  • The adoption of electric and hybrid vehicles is increasing, and energy harvesting technologies, such as regenerative braking systems, are playing a role in improving the efficiency and sustainability of transportation in North America.
  • Energy storage solutions, including advanced batteries and supercapacitors, are being combined with energy harvesting systems to enhance energy capture and enable more efficient use of harvested power.

Energy Harvesting Market Share

The industry is marked by both established global players and regional companies, where the competition is driving innovation and efficiency, benefiting customers in terms of better technology and competitive pricing across the end use segment:

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

Energy Harvesting Market News

  • In October 2023, the U.S. government along with various private companies have announced plans for over 94 GW of new clean power generation projects, amounting an estimated USD 133 billion as investment as of August 2023. This is further anticipated to have a positive impact on the market growth.
  • In December 2022, the government of India announced that the country has planned the investment of over USD 25 billion in the renewable sector encompassing the adoption of advance technology including solar equipment, electric vehicles, & energy storage.

This Energy harvesting market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2019 to 2032, for the following segments:

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By Source

  • Solar Energy
  • Vibration & Kinetic Energy
  • Thermal Energy
  • Radio Frequency (RF)
  • Others

By Component

  • Energy Harvesting Transducer
  • Power Management Integrated Circuits (PMIC)
  • Others

By End Use

  • Wireless Sensor Networks
  • Consumer Electronics
  • Building Automation
  • Automotive
  • Others

The above information has been provided for the following countries across the regions.

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
  • Latin America
    • Brazil
    • Argentina


Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market valuation of energy harvesting was exceeded USD 601.1 million in 2022 and is set to witness over 7.9% CAGR from 2023 to 2032, owing to growing adoption power electronic devices and systems.

Solar energy harvesting market size is anticipated to record around 8.6% CAGR through 2032, driven by supportive government policies, incentives and regulations for incentivizing the solar energy system installations.

North America market for energy harvesting is expected to observe over 7.6% CAGR through 2032, due to the increasing renewable energy initiatives along with the surging demand for sustainable buildings in the U.S. & Canada.

ABB, STMicroelectronics, Texas Instruments Incorporated, EnOcean GmbH, Fujitsu, Powercast Corporation, Mouser Electronics, Perpetua Power, Mide Technology Corp., Laird Connectivity, and Honeywell are some of the prominent energy harvesting companies.

Energy Harvesting Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 383
  • Countries covered: 21
  • Pages: 315
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