New York, March 29, 2023 (GLOBE NEWSWIRE) -- The global Energy Harvesting System for Wireless Sensor Network Market size reached US$ 1.6 billion in 2022. Over the next ten years, global sales will rise at 15.9% CAGR. This will help the worldwide market to secure a valuation of US$ 6.9 billion by 2032.
Demand for energy harvesting systems will remain high for temperature sensors. As per the latest report, temperature sensors segment is set to pick up pace at 15.8% CAGR through 2032.
Increasing adoption of IoT across diverse industries will drive the global market forward. In recent years, there has been a dramatic rise in the usage of wireless sensor networks (WSNs) in industrial sectors.
Industries are using wireless sensors such as temperature sensors, pressure sensors, and level sensors for various applications. This has increased demand for energy harvesting systems and the trend is expected to continue.
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Growing adoption of IoT solutions for building and home automation is likely to propel energy harvesting system demand for wireless sensor networks.
It is estimated that by 2030 there will be around 29.4 billion IoT-connected devices globally. This in turn will provide impetus for the development of energy harvesting system for wireless sensor network market.
Energy harvesting solutions are widely used in a variety of industries to help achieve safe, durable, and power-efficient systems. This includes consumer electronics, medical equipment, military, and consumer electronics. Thus, expansion of these industries will boost sales.
Increasing green energy initiatives coupled with surging adoption of wireless sensor network equipment will boost the global market.
Key Takeaways from Energy Harvesting System for Wireless Sensor Network Market Report:
- Global energy harvesting system for wireless sensor network demand will rise at 15.9% CAGR through 2032.
- By sensors, temperature sensors segment is forecast to progress at 15.8% CAGR through 2032.
- Based on technology, vibration energy harvesting segment will expand at 15.7% CAGR.
- Sales of energy harvesting systems for wireless sensor networks in China will surge at 16.9% CAGR.
- The USA energy harvesting system for wireless sensor network market is set to reach US$ 2.2 billion by 2032.
- Demand for energy harvesting systems in Korea will increase at 16.3% CAGR through 2032.
- The United Kingdom market will thrive at 15.0% CAGR during the projection period.
- Japan market is forecast to reach US$ 503.3 million by 2032.
“Rising adoption of IoT devices worldwide will continue to boost the global market. Further, widening applications of wireless sensor networks across various industries will trigger sales.” Says a Persistence Market Research analyst.
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Who is Winning?
ABB Ltd, Convergence Wireless, Cymbet Corporation, Infineon Technologies, EnOcean GmbH, Fujitsu Limited, Honeywell International Inc, Analog Devices, Lord Microstrain, Microchip Technology Inc., and STMicroelectronics N.V. are few of the leading manufacturers of energy harvesting systems for wireless sensor networks.
These key players are constantly launching new products to expand their portfolios. They are also adopting strategies such as acquisitions, partnerships, and collaborations to expand their presence.
More Insights Available:
Persistence Market Research, in its new offering, presents an unbiased analysis of the energy harvesting system for wireless sensor network market presenting historical market data (2017 to 2021) and forecast statistics for the period from 2023 to 2032.
The study reveals extensive growth in the energy harvesting system for wireless sensor network market based on
- Sensors (temperature sensors, pressure sensors, flow sensors, level sensors, humidity sensors, motion and IR sensors, position sensors, and gas sensors),
- Primary batteries (lithium batteries and alkaline batteries), component (transducers, PMIC, secondary batteries),
- Technology (light energy harvesting, vibration energy harvesting, radio frequency energy harvesting, thermal energy harvesting),
- Application (building and home automation, industrial, aerospace, automotive, railways, transportation infrastructure, security) across various regions.
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