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.