Current Business Affairs Global Energy Harvesting Market 2018

Global Energy Harvesting Market Trends, Analysis, and Forecast To 2025
Market Definition:
Energy Harvesting, also known as energy scavenging is the process of capturing and accumulating the small amount of
byproduct energy as heat, sound, light, vibration or movement. The energy captured can be used later in both low
power and low voltage applications in portable or mobile markets such as consumer devices, medical equipment,
industrial controls, transportation and military.
The energy captured is a residual energy as a byproduct of industrial process or environmental phenomenon and is
known as the “free energy”. For instance, mechanical energy resulting from vibration, thermal energy heat escaped
from furnaces and through other sources.
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Market Growth and Analysis:
Increasing demand and awareness for power-efficient, safe and durable systems requiring minimum or no maintenance
are anticipated to drive the market growth. Furthermore, growing trend for green energy, implementation of energy
harvesting technology (IoT) in buildings and home automation and favorable initiatives by the governments is projected
to fuel the market growth over the forecast period.
The energy harvesting technology helps in supporting the global problem of energy saving without depleting the forms
of energy. The energy is harvested by scavenging wasted energy sources such as vibration, radio frequency (RF), incident
light, electromagnetism, temperature gradient and human body functions or low-grade ambient energy.
Market Segment:
The energy can be utilized as the alternate energy source for feeding the primary power source, hence enhancing the
overall reliability of the system. The technology further reduces the dependency battery power. Increasing the
governmental support for the energy harvesting and storage is anticipated to drive the market growth over the forecast
period. Furthermore, advancements in the field of nanotechnology is anticipated to reduce the size of energy harvesting
devices making the device portable, enhancing the market growth.
Shifting preferences of the consumer for energy saving technologies is anticipated to have direct positive impact on the
demand in the market. However, high initial set up cost and lack of awareness spread for energy harvesting technology
may hinder the market growth.
Motion Energy Harvesters is one of the few technologies launched in the year 2017, is in the form of fabric which is used
for harvesting both sunshine and motion. The motion-generated harvester is developed by the team at the Georgia
Institute of Technology. Since, the size of the devices is getting small, the demand for energy to power the gadgets
increases, therefore the energy harvesting technology is utilized as the supplement for the battery power.
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