Energy Harvesting System Market|Size,Share,Growth|2023-2030

Energy Harvesting System Market Size (2023 - 2030)

The global energy harvesting system market is expected to reach 750 USD million by 2030 with a CAGR of 9.0% from 2023 - 2030. 

An energy harvesting system is a method of converting captured energy into electricity for tiny autonomous devices like laptops, satellites and etc. Energy harvesting systems are also known as power harvesting or energy scavenging. The system uses unconventional energy sources to charge the transducer that is converted into electricity and stored in battery units. 
With the emergence of the Internet of Things (IoT), around four billion people join the network of connected devices in 2022, according to the Consumers International Organization. 

EnOcean, a German-based company credited for delivering energy harvesting wireless technology for building automation, machine-to-machine applications, and smart homes. 

COVID Impact on Energy Harvesting System Market 

The recent outbreak of novel coronavirus (COVID-19) originated in Wuhan, China has spread to every corner of the world. COVID-19 impact on energy harvesting systems is limited. The instant impact is a short supply which may create slight negative pressure on the energy harvesting systems market. The building and home automation demand is likely to reduce a bit due to the COVID impact. 

Market Drivers

Factors that fuel the energy harvesting systems market are the growing demand for energy-efficient products, the rising importance of harvesting renewable energy. The growth of the Internet of Things (IoT) efficiently rise the demand for wireless sensors and energy-efficient autonomous systems propels the energy harvesting market globally. The rising adoption of wireless sensor networking and IoT for control systems and implementing energy harvesting systems leaves a positive impact globally on the market. Various measures are taken by various countries to limit the carbon footprints and greenhouse gas emissions leading to the growing demand for renewable sources of energy.

Market Restrains

Some factors restraining the energy harvesting market growth are the lack of knowledge in consumers. The cost of manufacturing energy harvesting systems is expensive and technical expertise regarding the energy harvesting systems hamper the market growth globally. 




Market Size Available

2022 – 2030

Base Year


Forecast Period

2022 – 2030

Segments Covered

By Technology, Component, Energy Source, Component and Sensor Type, Application, End User, and Region

Regions Covered

North America, APAC, Europe, LATAM, MEA



Segment Analysis

The research report of the energy harvesting market has been segmented and sub-segmented based on the technology, component, energy source, component, and sensor type, by application, and end-user.

Energy Harvesting System Market – By Technology

•    Light Energy Harvesting
•    Vibration Energy Harvesting
•    Electromagnetic/Radio Frequency Energy Harvesting
•    Thermal Energy Harvesting
•    Kinetic Energy Harvesting

By Technology, the light energy harvesting segment held for largest market share in 2022 with the highest revenue. The segment growth is expected to grow up in the upcoming years. Factors responsible for the segment growth are growing manufacturing of solar-based products and rising capabilities of photovoltaic cells. The easy availability of light energy harvesting applications is associated with technology, especially in the solar energy sector. 

The vibration energy harvesting segment is expected to grow with the quickest CAGR pace over the historical period. The vibrating energy harvesting segment generates energy to run the low-power device. The vibration energy harvesting technology is widely adopted and used in harsh environments and remote locations. 

Energy Harvesting System Market - By Component

•    Transducers
•    Power Management IC (PMIC)
•    Storage Systems
•    Secondary Batteries

By component, the transducers segment leads the energy harvesting systems market. Transducers are too expensive than PMICs and batteries and can be used as a standalone device. The transducers segment growth is due to climatic changes and increasing consumer expenses on renewable energy sources. 

Energy Harvesting System Market - By Energy Source

•    Electric
•    Gravitational
•    Magnetic
•    Nuclear
•    Thermal
•    Chemical
•    Mechanical
•    Radiation

Energy Harvesting System Market – By Component and Sensor Type

•    IR
•    Temperature
•    Pressure
•    Humidity

Based on the component and sensor energy harvesting systems market, the temperature segment is said to lead the market. 

Energy Harvesting System Market – By Application

•    Consumer Electronics
•    Building and Home Automation
•    Transportation
•    Healthcare
•    Others

By Application, the building and home automation segment is likely to dominate the energy harvesting market in terms of value, in 2022. Growing adoption of wireless sensor networking (WSN) and Internet of Things (IoT) for home automation and control systems are driving the energy harvesting market growth. The quick increase in executing and installing sensor-based technologies are fueling demand for energy-efficient power systems. Factors mentioned above are

Energy Harvesting System Market – By End-User

•    Wireless switching system
•    Wireless HVAC system
•    Wireless sensing and telematics system
•    Tire pressure monitoring system
•    Asset tracking system
•    Remote health monitoring system
•    Regenerative energy harvesting system

Regional Analysis

Geographically, North America is dominating the energy harvesting market with the largest share in terms of revenue. The dominance is expected to continue in further upcoming years. U.S and Canada are the major contributors in the market. In the U.S.A, more than 3% of the electricity home have come from solar energy in the form of solar PV and solar thermal power. General Electric Company of the U.S., disclosed about spending 20 billion USD through 2030 for the development of next-generation autonomous and EV vehicles. 

Europe is the second leading region in the energy harvesting system market and contributes a major share of 38% globally. Europe is continuously marching towards clean technology for implementing different industrial purposes. Key companies like EnOcean, Pavegen, and Micropelt are upgrading the energy harvesting solutions for various end-users which consequentially produce high income across the region. 

The energy harvesting market in Asia-Pacific is to grow at the fastest rate during the period. India and China are the major contributors to the market. China is likely to lead the market. China is making considerable developments in the solar power industry. From 2015, China's total solar capacity has increased five times, as per China Photovoltaic Industry Association. India plays a major role in market growth. India accounts to add 100 GW of solar PV capacity by the end of 2022. In the year 2022, India stood 5th in the global position in solar power deployment, according to the Ministry of New and Renewable Energy of India. From 2014-2022, the solar power capacity has increased by 11 times from 2.6 GW in March 2014 to 30GW 2022. 

Latin America is the second quickest growing region in the energy harvesting systems globally. Brazil and Mexico are the major contributors in the market

The Middle East & African energy harvesting systems market is said to have slow growth during the forecast period. 

Top Key Companies in Energy Harvesting System Market

•    STMicroelectronics
•    Cymbet
•    ABB
•    Powercast Corp.
•    EnOcean GmbH
•    Analog Devices, Inc.
•    Texas Instruments Incorporated
•    Bionic Power Inc.
•    Voltree Power, Inc.
•    MAHLE GmbH
•    Schneider Electric

In March 2017, Analog devices purchased Linear Technology for USD 14billion. The company expanded its product portfolio for energy harvesting systems. 

In 2022, Cymbet launched its next-generation power management product for EnerChip solid-state rechargeable micro-battery. The launch of the product combines ultra-low-power with power management and power switching applications like battery-less sensors and wearable sensors. 

Recent Happenings in the Energy Harvesting System Market

•   On September 29, 2022, Powercast introduced a novel wirelessly powered RFID temperature scanning system which allows their business to ease and safely monitor workforce temperature. 
•    On February 15, 2018, Belgian manufacturer e-peas is included in the Fujitsu Electronic Europe portfolio. e-peas have developed energy harvesting solutions supporting a wider range of energy sources like photovoltaic, thermal vibration, or RF.

Energy Harvesting System Market - Forecast (2021 - 2026)

Chapter 1. Energy Harvesting System Market  – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Energy Harvesting System Market  – Executive Summary

2.1. Market Size & Forecast – (2020 – 2026) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2021 - 2026

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Energy Harvesting System Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Energy Harvesting System Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Energy Harvesting System Market  - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

 Chapter 6. Energy Harvesting System Market  - Technology

6.1. Vibration Energy Harvesting

6.2 Thermal Energy Harvesting

6.3 Light Energy Harvesting

6.4 Kinetic Energy Harvesting

6.5 Electromagnetic/Radio Frequency (RF) Energy Harvesting

6.6 Electromagnetic Energy Harvesting

Chapter 7 . Energy Harvesting System Market  – By Component

7.1. Power Management Integrated Circuit

7.2 Secondary Batteries

7.3 Transducers

                7.3.1 Photovoltaic

                7.3.2 Electrodynamic, Piezoelectric, and Electromagnetic




                7.3.3 Thermoelectric

                7.3.4 Radio Frequency (Rf) Transducer

7.4 Storage Systems

Chapter 8. Energy Harvesting System Market  - Energy Source

8.1. Electric

8.2 Gravitational

8.3 Magnetic

8.4 Nuclear

8.5 Thermal

8.6 Chemical

8.7 Mechanical

8.8 Radiation

Chapter 9. Energy Harvesting System Market  - Component and Sensor Type

9.1. Humidity

9.2 Wireless Sensor Network

9.3 IR

9.4 Temperature

9.5 Pressure

Chapter 10 . Energy Harvesting System Market  – By Application

10.1. Automotive

10.2 Bicycle Dynamo

10.3 Building & Home Automation

10.4 Industrial

10.5 Military And Aerospace

10.6 Retail and Advertisement

10.7 Security

10.8 Transportation

10.9 Healthcare and Research Labs

10.10 Consumer Electronics

                10.10.1 Wrist Watches

                10.10.2 Piezoelectric Gas Lighters

                10.10.3 Mobile Phones

                10.10.4 Calculators

Chapter 11. Energy Harvesting System Market  - End User  

11.1. Wireless Switching System

11.2 Asset Tracking System

11.3 Regenerative Energy Harvesting System

11.4 Remote Health Monitoring System

11.5 Tire Pressure Monitoring System

11.6 Wireless HVAC System

11.7 Wireless Sensing And Telematics System

Chapter 12. Energy Harvesting System Market , By Geography – Market Size, Forecast, Trends & Insights

12.1. North America

                12.1.1. U.S.A

                12.1.2. Canada

                12.1.3. Mexico

12.2. Europe

                12.2.1. Italy

                12.2.2. Spain

                12.2.3. Russia

                12.2.4. Germany

                12.2.5. UK

                12.2.6. France

                12.2.7. Rest of Europe

12.3. Asia Pacific

                12.3.1. Japan

                12.3.2. South Korea

                12.3.3. China

                12.3.4. India

                12.3.5. Australia & New Zealand

                12.3.6. Rest of Asia-Pacific

12.4. Rest of the World

                12.4.1. Middle East

                12.4.2. Africa

                12.4.3. South America

Chapter 13. Energy Harvesting System Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

13.1. Company 1

13.2. Company 2

13.3. Company 3

13.4. Company 4

13.5. Company 5

13.6. Company 6

13.7. Company 7

13.8. Company 8

13.9. Company 9

13.10. Company 10

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