Energy Harvesting Market Research Report -  Global Forecast To 2030

Energy Harvesting Market Research Report Information By Energy Source (Chemicals, Mechanicals, Electrical, Nuclear), By Technology (Electrodynamics, Photovoltaic, Thermoelectric), By Application (Consumer Electronics, Industrial, Automotive, Healthcare), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/E&P/0545-HCR | 185 Pages | Author: Anshula Mandaokar | March 2024         

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Global Energy Harvesting Market Overview:


Energy Harvesting Market Size was valued at USD 0.5 billion in 2022. The Energy Harvesting market industry is projected to grow from USD 0.56 Billion in 2023 to USD 1.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.35% during the forecast period (2023 - 2032). Good government support, new product launches, and R&D Amongst major key players are the key market drivers enhancing market growth.


Energy Harvesting Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Energy Harvesting Market Trends




  • The surging implementation of loT devices in automation is driving market growth.




The development of the Internet of Things (IoT) drives the need for autonomously powered, maintenance-free wireless equipment. A wireless sensor network (WSN) is the core technology in designing lot systems. LoT offers an opportunity for automation applications such as lighting controls, building management systems, security and access, and fire and life safety. In the next few years, using lot, millions of things are likely to be connected permanently. This creates the need for enormous data collection and processing, which, in turn, demands intense automation. The sensor network is the most suitable data-collecting system for loT. Intel reported that loT technology was worth around USD 5.2 trillion globally in 2019, where healthcare and manufacturing were expected to share USD 2.5 trillion and USD 2.3 trillion, respectively. This factor increases the market CAGR in the forecast period.


Additionally, the market is growing for durable systems that are power efficient and safe, requiring much less maintenance. There is a rise in the adoption of wireless sensor networks due to house automation and the green technology adopted by various nations. There needs to be environmental energy. The systems that help capture this energy and convert it to electrical energy are a boon. Various research and development activities in the energy harvesting system are leading to the growth of this market: supportive government policies and increased environmental awareness. Also, the reduction in the emission of greenhouse gases has helped in raising the demand for such technologies. An increasing trend of using renewable resources across many nations has created a need to improve this technology. This technology is a boon to supplement the primary source of power to reduce power interruptions and increase the reliability of an electronic system. The availability of funds for innovative technologies through organizations and investors aids in fast-tracking the process of new product development. Further, it provides a better opportunity for new product developers to enter the market with their innovative products. These factors have driven the market to develop innovative energy harvesting systems, which will further boost the Energy Harvesting market revenuein the forecast period.


Energy Harvesting MarketSegment Insights:


Energy Harvesting Energy Source Insights


Based on energy sources, the Energy Harvesting market segmentation includes chemicals, mechanicals, electrical, and nuclear. The electric segment dominated the market because electrical energy harvesting technologies have many applications and can be used in various fields such as consumer electronics, healthcare, and industrial automation. Reducing greenhouse gas emissions has helped raise the demand for such technologies.


September 2022: E-Peas SA and Energous Corporation announced the launch of a new Wireless Energy Harvesting Evaluation Kit, developed for energy harvesting applications for smart buildings/smart homes, industrial IoT medical, and asset trackers for retail and warehouses. The kit includes the company's 1W WattUp PowerBridge transmitter, delivering an over-the-air solution that enables device manufacturers to implement wireless power and energy harvesting across a range of connected devices along with two evaluation boards from e-peas: the AEM30940 RF Evaluation Board and the EP112 Energy Harvesting Optimized Antenna Evaluation Board.


May 2021: A range of transmitter modules for battery-free switch appliances was presented by EnOcean named PTM 535BZ. The first module offers a combination of supported wireless standards in a 2.4 GHz radio band.


Energy Harvesting Energy Technology Insights


Based on technology sources, the Energy Harvesting market segmentation includes electrodynamics, photovoltaic, and thermoelectric. The photovoltaic segment dominated the market. This is due to the manufacturing of solar-based products along with the increasing efficiency of photovoltaic technology and the use of photovoltaic technology in various applications in the sector of transportation and industry.


Figure 1: Energy Harvesting Market, by Technology, 2022 & 2032 (USD billion)


Energy Harvesting Market, by Technology, 2022&2032(USD billion)


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Energy Harvesting Application Insights


Based on Application, the Energy Harvesting market segmentation includes consumer electronics, industrial, automotive, and healthcare. The consumer electronics and building and home automation segments have witnessed significant market growth owing to increased energy conservation awareness. The increasing adoption of renewable energy sources such as solar, wind, tidal, ocean, and others is the key factor driving the growth of the energy harvesting system market. Government support to reduce carbon footprints and increased adoption of home appliances are also driving the growth of the energy harvesting system market. The high upfront cost indulged in the manufacturing of the energy harvesting systems acts as a key market restraint for the energy harvesting system market. Also, the lack of consumer awareness and technical expertise regarding energy harvesting systems hinders the growth of the energy harvesting system market.


Energy Harvesting Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American energy harvesting market area will dominate due to rapid technological developments in energy harvesting. The growth of this technology for the building will boost the market growth in this Region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Energy Harvesting Market Share By Region 2022 (%)


Energy Harvesting Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Energy Harvesting market accounts for the second-largest market share due to the new product launches and R&D among key players. Further, the German Energy Harvesting market held the largest market share, and the UK Energy Harvesting market was the fastest-growing market in the European Region.


The Asia-Pacific Energy Harvesting Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the techno-savvy population and high purchasing power. The Internet of Things has spread across the Region from smart grids to smart homes/buildings. The increasing implementation of the Internet of Things-enabled technology to meet the infrastructure and supply challenges leads to the growth of smart cities, boosting the market across the Region. Moreover, China’s Energy Harvesting market held the largest market share, and the Indian Energy Harvesting market was the fastest-growing market in the Asia-Pacific region.


Energy Harvesting Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Energy Harvesting market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The energy harvesting industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Energy Harvesting industry to benefit clients and increase the market sector. The Energy Harvesting industry has offered some of the most significant medical advantages in recent years. Major players in the Energy Harvesting market, including Levant Power Corporation (U.S.), Honeywell International, Inc. (U.S.), Green Peak Technologies (Netherlands), Fujitsu (Japan), ABB Limited (Switzerland), Arveni (France), Enocean (Germany), Microchip Technology, Inc., (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics (Switzerland)., and others, are attempting to increase market demand by investing in research and development operations.


EnOcean technology is an energy-harvesting wireless technology used primarily in building automation systems and other application fields such as industry, transportation, logistics, or smart home solutions. EnOcean presented the PTM 535BZ module, the latest addition to its range of transmitter modules for battery-free switch applications. In addition to the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications, PTM 535BZ is the first module that offers a combination of supported wireless standards in the 2.4 GHz radio band.


STMicroelectronics N.V., commonly referred to as ST or STMicro, is a Dutch multinational corporation and technology company of French-Italian origin headquartered in Plan-les-Ouates near Geneva, Switzerland, and listed on the French stock market.STMicroelectronics announced a new generation of extreme power-saving microcontrollers (MCUs), the STM32U5 series, to meet the most demanding power/performance requirements for smart applications, including wearables, personal medical devices, home automation, and industrial sensors.


Key Companies in the energy harvesting market include



  • Levant Power Corporation (U.S.)

  • Honeywell International Inc. (U.S.)

  • Green Peak Technologies (Netherlands)

  • Fujitsu (Japan)

  • ABB Limited (Switzerland)

  • Arveni (France)

  • Enocean (Germany)

  • Microchip Technology Inc. (U.S.)

  • Texas Instruments Inc. (U.S.)

  • ST Microelectronics (Switzerland)


Energy Harvesting Industry Developments


May 2021: EnOcean presented the PTM 535BZ module, the latest addition to its range of transmitter modules for battery-free switch applications. In addition to the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications, PTM 535BZ is the first module that offers a combination of supported wireless standards in the 2.4 GHz radio band.


February 2021: STMicroelectronics announced a new generation of extreme power-saving microcontrollers (MCUs), the STM32U5 series, to meet the most demanding power/performance requirements for smart applications, including wearables, personal medical devices, home automation, and industrial sensors.


February 2020: Axzon and Cymbet Corporation announced that they are combining their unique technologies to create the world's lowest power Internet of Things (IoT) sensor tags at a price point, which enables continuous monitoring and data logging of critical environmental conditions during the logistics chain of perishable goods, such as meat, produce, and medications at any point in the logistics flow.


Energy Harvesting Market Segmentation


Energy Harvesting Energy Source Outlook



  • Chemicals

  • Mechanicals

  • Electrical

  • Nuclear


Energy Harvesting Technology Outlook



  • Electrodynamics

  • Photovoltaic

  • Thermoelectric


Energy Harvesting Application Outlook



  • Consumer Electronics

  • Industrial

  • Automotive

  • Healthcare


Energy HarvestingRegional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 0.5 billion
Market Size 2023 USD 0.56 billion
Market Size 2032 USD 1.32 billion
Compound Annual Growth Rate (CAGR) 11.35%(2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Energy Source, Technology, Application, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Levant Power Corporation (U.S.), Honeywell International, Inc. (U.S.), Green Peak Technologies (Netherlands), Fujitsu (Japan), ABB Limited (Switzerland), Arveni (France), Enocean (Germany), Microchip Technology, Inc., (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics (Switzerland).
Key Market Opportunities ·         Access through various remote locations
Key Market Dynamics ·         New product launches and R&D Amongst major key players




Frequently Asked Questions (FAQ) :

The Energy Harvesting market size was valued at USD 0.5 Billion in 2022.

The market is projected to grow at a CAGR of 11.35% from 2023 to 2032.

The key players in the market are Levant Power Corporation (U.S.), Honeywell International, Inc. (U.S.), Green Peak Technologies (Netherlands), Fujitsu (Japan), ABB Limited (Switzerland), Arveni (France), Enocean (Germany), Microchip Technology, Inc., (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics (Switzerland).

The Photovoltaic Energy Harvesting category dominated the market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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