Global Energy Harvesting Market Analysis - Industry Size, Share, Trends and Forecast 2018 - 2025

Published - Sep 2018 | Category - Energy and Power | No. of Pages - 180 | Published By - ARC

Introduction

The energy harvesting system market is expected to witness high growth during the forecast period. Energy harvesting, or energy scavenging, is a process that extracts small amounts of energy that would otherwise be lost in the form of heat, light, sound, vibration or movement. It uses this captured energy to improve efficiency and enable new technology. The efficiency is enhanced in computing costs which would otherwise be altered significantly. If this left-over heat energy were harvested, it would be used to help to power other devices with lower power rating. The process of energy harvesting harnesses the power of ambient energy to use later in varied applications. With growing use of ambient energy and advent of the energy harvesting technology, the energy harvesting market is currently heading at a considerable pace globally.

Market Drivers

Rising demand of energy, increasing awareness of efficient use of energy and government support for energy conservation are driving the growth of energy harvesting market. There has been growing demand for safe, power efficient, and enduring systems, which require minimum or no maintenance. This is a major driver of market growth, expected to continue pushing the demand for devices based on the energy harvesting technology. Growing applications of the energy harvesting technology in building and home automation is another key driver to the market growth.


 

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