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Wednesday, 17 February 2016

Energy Harvesters Market Analysis And Segment Forecasts To 2019 By Radiant Insights, Inc

Energy harvesting, also referred to as energy scavenging/power harvesting, is a process in which small amounts of energy is captured from external sources including wind, solar, kinetic, etc. Energy thus generated is used in various applications for improving efficiency and enabling new technology. Successful energy harvesting technology requires expertise in energy storage, energy capture, metrology, material science and systems engineering. 

Global energy harvesting market was worth USD 132 million in 2012. It is anticipated to exceed USD 4.1 billion by 2019. This may be attributed to high demand for micro power generation, which is used to charge thin film batteries. Growth is also influenced by favorable conditions in the sensors and wireless sensor networks markets. 

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Worldwide energy harvesting market will benefit from higher usage of harvested energy in telemedicine systems and m-health initiatives mainly, for providing clinicians with handset communications. The emergence of advanced storage devices is a positive development. Technologies of storage mediums like super-capacitors and thin-film batteries are becoming increasingly affordable. Moreover, energy scavenging devices have become more efficient. They are now capable of computing smartly being equipped with sensors that detect and measure change in conditions and make the required environmental adjustments. 

The current applications of energy harvesting and storage cover oil field monitoring systems, wireless light switches in smart buildings, windup laptops for use in remote areas, and vibration-based wireless train measuring systems. Wireless sensors have the capacity to self-power. They are useful in alerting and monitoring incidents like forest fires, burglaries, pollution levels, temperature in a building, movement along a border fence, etc.

Main energy harvesting technologies are photovoltaics, electrodynamics, piezoelectrics, and thermovoltaics. Photovoltaic systems are growing at a slow pace. Yet, the overall future growth outlook for energy harvesters is promising. Experts predict the market to exhibit accelerated growth as it moves beyond the early adopter stage. 

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Many consumer and industrial products adopt energy harvester technology. Electronics are heavily dependent on batteries. Energy harvesting is an inexpensive, compact way to run portable electronic devices. Its main advantages include environmental sustainability, lack of maintenance, and opening up of new application segments (underwater locations, remote places). Thus batteries powered by harvested energy are an important area of application. Key market players are The Boeing Company, Northrop Grumman, Marlow Industries, and KCF Technologies.      

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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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Michelle Thoras
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Radiant Insights, Inc
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