North America Energy Harvesting Market Size

North America Energy Harvesting Market Size

North America Energy Harvesting Market size has witnessed robust growth with valuation of USD 219.7 million in 2023 and will further proliferate with a CAGR of 8.2% from 2024 to 2032. The energy harvesting market pertains to the sector and technological field dedicated to capturing and transforming ambient energy from the surroundings into functional electrical power. This harnessed energy is subsequently utilized to energize electronic devices and systems, particularly in scenarios where conventional batteries or consistent external power sources pose challenges or are not feasible for application.

To get key market trends

  Download Free Sample

The burgeoning utilization of Internet of Things (IoT) infrastructure, coupled with advancements in energy harvesting technologies across diverse end-use sectors, will shape the industry landscape. For instance, in January 2024, Microsoft announced that it will deploy solar modules and EPC services to power over 1.8 million homes annually, thereby aiming to invest in procuring renewable energy and undertake other initiatives aimed at achieving its sustainability objectives of becoming carbon negative, water positive, and achieving zero waste by 2030. Additionally, continuous progress in energy harvesting technologies, including enhanced efficiency and miniaturization, broadens the scope of applications and enhances the feasibility of these systems across multiple industries.