Energy Harvesting Systems Market Size, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3393
Energy Harvesting Systems Market size will witness growth on account of their ability to substitute stationary or mobile storage systems along with provision of effective energy supply. Self-sustainability, low maintenance cost and higher efficiency are the key parameters complementing the business scenario. Moreover, these systems subject to their deployment within the application peripheral, eliminate the requirement of excess transmission lines and cables which in turn will foster the industry growth.
Rising demand for energy in large scale industries coupled with increasing industrialization will further stimulate the industry dynamics. The efforts for development in transistor designs have led to the growth and upgradation of EHS units. These units in integration with smart meters in reference to technological innovation will escalate the business potential.
Limited availability, frequent replacement and increasing costs are the current challenges faced by the energy storage systems. Energy harvesting systems (EHS) provides solution by offering extended operating life for low power applications. Insufficient power outputs, sensitivity to environmental conditions have been restraining technological deployment. However EHS is observing accelerated growth due to its custom specific applications and reliability.
Photovoltaic EHS units will witness growth owing to rising demand in areas with high temperatures to increase potential utilization of available resources. Large scale integration of these units in line with wide range applications across the industry will positively influence the energy harvesting systems market. These units offer high efficiency at wide range of input voltages and acts as a solution for growing demand of energy harvesting components.
Packing density and type of sensor & strain are major factors positively influencing the business dynamics. Technological advancement in wireless sensors and portable electronics in association to enhanced reliability will further drive the Piezoelectric EHS market. Furthermore cost of Pyroelectric EHS units can be reduced by employing mass production to improve the commercial viability which in turn will complement the product penetration.
Electromagnetic EHS units on account of their varied applications across wearable robotics and wireless network sensors along with design and development of integrated harvesters will further augment the industry growth. Selection of sources in line with environmental factors, availability & duration of available resources are the key elements stimulating the development of EHS market.
Prominent energy harvesting systems market players include Arveni, Cymbet Corporation, ABB, greenTEG, G24 innovations, EnOceanGmbh, Honeywell Internationals Inc., Fujitsu Limited, Siemens and Schneider Electric, STMicroelectronics NV, SOLCHIP, Qorvo Inc., Texas Instruments Incorporated., Mouser electronics.
Cost competitiveness, diverse applications, implementation based on specific application environments, technological innovations are the strategies followed to sustain and become prominent players in the market.
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