Global EnOcean Market  size (2022 – 2030)

In 2022, the Global EnOcean Market was valued at USD 415.31 million and is projected to reach a market size of USD 800 million by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 8.54%. The growing applications of the Internet of Things (IoT) including smart cities, smart homes, Industrial IoT (IIoT), and Machine-to-Machine (M2M) communications are the factors that majorly drive the growth of the industry.

Industry Overview:

The EnOcean technological know-how is a power harvesting wi-fi technological know-how used principally in constructing automation systems, but additionally in different software fields such as industry, transportation, logistics, or clever houses solutions. The strength harvesting wi-fi modules are manufactured and marketed by using the business enterprise EnOcean, headquartered in Oberhaching close to Munich. The modules mix micro power converters with extremely low-strength electronics and wi-fi communications and allow battery less, wi-fi sensors, switches, and controls.

In March 2012, the EnOcean wi-fi well-known was once ratified as the global preferred ISO/IEC 14543-3-10, which is optimized for wi-fi options with ultra-low energy consumption and strength harvesting. The general covers the OSI (Open Systems Interconnection) layers 1-3 which are the physical, records hyperlink, and networking layers. EnOcean is imparting its science and licenses for the patented points inside the EnOcean Alliance framework.

Harvested electricity can be similarly used in electrical utilities that eat minimal electricity such as sensors, watches, and different domestic appliances. All these elements mutually expand demand for power harvesting systems, which propels the world strength harvesting gadget market growth.

COVID-19 impact on the EnOcean Market

COVID-19 has proved beneficial for this market and helped in the growth of the market. The COVID-19 pandemic is anticipated to prevent the market increase to some extent owing to decreased demand from a variety of end-users. The product producers have taken subsequent steps to grant offerings to end-users that have signed long-term contracts with them.

Although the market shall witness a moderate downturn of around -4% in 2020 due to the effect of COVID-19, the market shall jump lower back in 2021 on the lower back of sturdy purchaser demand in electronics and enterprise verticals such as Oil and Gas, Manufacturing, etc.

MARKET DRIVERS:

An increase in the number of R&D activities is driving the growth of the market

The Energy harvesting applied sciences existing treasured social advantages when utilized in the healthcare sector. They have the plausible to enhance the great of existence aging human beings thru home-based healthcare solutions, fitness monitoring systems, ache management, and new treatments. Rise in aged populace 12 months on 12 months set to upsurge the demand of the market in the scientific sector. For instance, wearable scientific sensors that display the wearer’s physiological parameters act as preventive healthcare for aged people. These applied sciences can also additionally minimize expenses with the aid of enabling preventive diagnostics, removing useless surgical processes, and shortening surgical operation time.

Increasing R&D for the rise of harvesting applications in healthcare sector is also driving the growth of the market

Wearable scientific sensors that screen the wearer’s physiological parameters and act as preventive healthcare for aged humans are a true example. These applied sciences might also additionally limit charges by means of enabling preventive diagnostics, shortening surgical treatment time, and disposing of needless surgical procedures. Many corporations are drastically investing in R&D to increase an automatic pacemaker that will convert kinetic electricity from the beating of the human coronary heart into electrical energy. The gadget would be the first clinical implant in a position to be powered by using the body’s personal vibration.

MARKET RESTRAINTS:

High costs related to Energy Harvesting are restraining the growth of the market

The growing price of the power harvesting device will of course lead to greater preliminary charges owing to its expensive factors such as strength generator, strength administration circuitry, and additionally, regularly it wants to have power storage. The price of the above power harvesting modules tiers from zero to countless hundred greenbacks and majorly the price of electricity harvesting modules rely upon the quantity of the strength wants to be harvested. The greater fees of these electricity harvesting have been hampering the penetration of the market in low capital-intensive infrastructure of residential and industrial buildings.

EnOCEAN MARKET REPORT COVERAGE:

This research report on the global EnOcean Market has been segmented and sub-segmented based on the technology, Vibration Technology, Application, and region.

EnOcean Market - By Technology:

• • Lights
  • Vibration
  • Radio Frequency
  • Thermal

The vibration science section led the market in 2021. The section accounted for the most income share of greater than 32% of the international market in 2021. Vibration or mechanical electricity harvesting is finished by changing the ambient vibrations into electric-powered electricity with the assistance of piezoelectric, electromagnetic, electrostatic, and electrodynamic technologies. Thermoelectric Generators (TEGs) are used to convert ambient thermal power into electric-powered energy. These gadgets consist of thermopiles, which similarly consist of n-type and p-type junction that approves warmness glide between these terminals and leads to electrical energy generation. The mild technological know-how section is projected to report the quickest CAGR of extra than 10.5% in the course of the forecast years.

EnOcean Market- By Vibration Technology:

• • Piezoelectric
  • Electromagnetic
  • Electrostatic
  • Electrodynamic

The piezoelectric vibration science phase led the market in 2021 and accounted for an income share of extra than 48%. The piezoelectric strength harvesters convert ambient kinetic energy, which is currently in the structure of shocks or vibrations, into electricity. These mills (energy harvesters) provide a steady and sturdy answer by changing usually wasted vibrational electricity in the surroundings into usable electrical energy.

The electrostatic vibration technological know-how section is estimated to register the quickest CAGR over the forecast period. This technological know-how makes use of a variable capacitor shape that generates electrical energy from the relative action between adjoining plates. Electrodynamic electricity harvesting structures convert ambient vibration into electrical energy through the relative movement of magnets and electrical conductors. These structures are most generally applied in key card switches for domestic and constructing automation applications, cooling fans, motor engines, interior gears, and airflow systems.

EnOcean  Market - By Application:

• • Consumer Technology
  • Home & Building Automation
  • Industrial
  • Transportation
  • Security
  • Others

Based on the Application, the industrial section led the international market in 2021 with the most income share of greater than 30.5%. In industrial applications, electricity harvesting structures seize the ambient shaking, rotation, and vibration from machines and buildings in industrial services and convert these sources into usable energy. Industrial functions are developing due to the evolution of IIoT. However, domestic & constructing automation is estimated to be the biggest software section by means of 2030 developing at the quickest CAGR over the forecast period. Factors, such as the developing city population, rising scope of software of IoT elements in automation, excessive demand for power-efficient, safe, and long-lasting systems, a rising style of renewable electricity integration, and excessive product penetration in constructing and domestic automation applications, are using the segment. Following the latest increase in the adoption of IoT, safeguarding and monitoring devices, such as safety and get right of entry to manipulate devices, are being extensively adopted throughout more than a few verticals.

EnOcean Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Asia Pacific is anticipated to be the fastest-growing regional market over the forecast duration due to the excessive buying energy and developing tech-savvy populace in the region. Many enterprise gamers are additionally questioning relocating their manufacturing services to the Asia Pacific due to low operational and labor costs. Such elements will similarly assist in the boom of the IoT systems, fueling the market growth.

In India, “100 Smart Cities Mission” was once launched in June 2015. A fund of USD 14 billion used to be permitted by using the authorities for the implementation of a hundred clever cities and additionally for the rejuvenation of five hundred different cities. Under the first spherical of the “All India City Challenge” competition, 20 cities have been chosen in January 2016. In the Middle East and Africa, foremost countries, such as Saudi Arabia, UAE, South Africa, and Egypt, have added plans to install the development of clever cities over the subsequent few years. The governments in these nations are taking considerable steps for funding and inviting personal zone agencies to install their clever options in under-constructed clever cities.

EnOcean Market   Share by Company

1. Cymbet Corporation
2. Cedrat Technologies SA
3. Tekceleo
4. ZF Friedrichshafen AG
5. Physik Instrumente (PI) GmbH & Co. KG
6. Advanced Linear Devices Inc.
7. Mide Technology Corporation
8. Powercast
9. Xidas
10. Analog Devices

are playing a pivotal role in the market.

For example, 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.

ABB launched a portal for home and industrial buyers, an online marketplace platform that will sell home and industrial buyers more than 6,000 items from its electrification business.

The world market is relatively aggressive due to the presence of predominant groups throughout the regions. Companies working in the international market are emphasizing increasing their international footprints to enlarge income and market share. Companies are expanding their offerings in the Asia Pacific, Central & South America, and Europe areas to cater to the rising wishes of the rising economies.

NOTABLE HAPPENINGS IN THE GLOBAL BIOCIDE FOR THE EnOcean MARKET IN THE RECENT PAST:

• Collaboration- In May 2020, Cymbet Corporation collaborated with Axzon in order to launch ultra-low power, disposable data logger solution for logistics monitoring applications.
• Product Launch -In Feb 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.