Dublin, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The "Energy Harvesting Equipment Market By Technology, By Vibration Technology, By Component, By Application, By Region, Segments & Forecast, 2023 - 2032" report has been added to ResearchAndMarkets.com's offering.
The global Energy Harvesting Equipment market is anticipated to reach a value of USD 1,331.74 million by 2032.
The market has experienced significant growth due to the increasing demand for sustainable and renewable energy solutions.
Energy harvesting technology offers a promising approach to address the challenges posed by traditional power generation methods by capturing and converting ambient energy from various sources into usable electricity.
Key Drivers of Energy Harvesting Equipment Growth:
- Technological Advancements: Ongoing research and development efforts are aimed at improving the efficiency of energy harvesting technologies. As power output from ambient energy sources increases, energy harvesting becomes more viable for power-hungry applications such as industrial automation and electric vehicles.
- Sustainability and Environmental Concerns: The need for clean energy solutions and the growing focus on environmental sustainability are driving the adoption of energy harvesting technologies. Energy harvesting offers an eco-friendly alternative to traditional power sources.
Energy Harvesting Equipment Market Insights:
- Vibration Segment: The vibration segment is expected to witness significant growth due to the rising focus on environmental sustainability and the demand for clean energy solutions. Vibrational energy harvesting technologies are being widely adopted across industries.
- Piezoelectric Vibration Segment: In 2022, the piezoelectric vibration segment dominated the market. This is attributed to the versatility of piezoelectric vibration energy harvesting equipment and its adoption in numerous industries.
- APAC Growth: The Asia-Pacific (APAC) region is projected to experience substantial growth due to increased investment in research and development, renewable energy adoption initiatives, and a focus on sustainable practices.
Key Players:
Prominent players in the energy harvesting equipment market include Aisin Seiki Co. Ltd., Autoliv Inc., Continental AG, Delphi Automotive Company, DENSO Corporation, Harman International Industries, and Hitachi Ltd.
Market Dynamics:
Drivers and Opportunities:
- Technological advancements
- Sustainability and environmental concerns
Restraints and Challenges:
- Limited energy density
Segmentation and Companies Mentioned:
The market report is segmented based on technology, vibration technology, component, application, and region. Notable companies mentioned in the report include Aisin Seiki Co. Ltd., Autoliv Inc., Continental AG, Delphi Automotive Company, DENSO Corporation, Harman International Industries, and Hitachi Ltd.
Technology Outlook:
- Lights
- Vibration
- Radio Frequency
- Thermal
Vibration Technology Outlook:
- Piezoelectric
- Electromagnetic
- Electrostatic
- Electrodynamic
Component Outlook:
- Sensor
- Transducer
- Power Management IC (PMIC)
- Secondary/Backup Battery
- Others
Application Outlook:
- Consumer Technology
- Home & Building Automation
- Industrial
- Transportation
- Security
- Others
Regional Outlook:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 119 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $500.38 million |
| Forecasted Market Value (USD) by 2032 | $1331.74 million |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/nd5t8i
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