Energy Harvesting System Market to Hit USD 1,759.5 Mn by 2033

Updated · Aug 6, 2024

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Table of Contents

Introduction
Key Takeaways
Statistics
Emerging Trends
Use cases
Key Players
Conclusion

Introduction

The Global Energy Harvesting System Market is poised for significant growth, with its size expected to reach USD 1,759.5 million by 2033, up from USD 710.0 million in 2023, marking a (CAGR) of 9.5% from 2024 to 2033. This growth is driven by several key factors, including the increasing adoption of IoT devices, advancements in nanotechnology, and government initiatives promoting sustainable energy solutions. The integration of IoT technology across various industries has significantly boosted the demand for energy harvesting systems. These systems are essential for powering IoT devices sustainably, eliminating the need for frequent battery replacements, and supporting continuous data collection and transmission.

However, the market faces challenges such as high initial costs and limited energy output. The development and installation of the energy harvesting system market involve substantial investment, which can be prohibitive for smaller enterprises. Additionally, the limited power output restricts their application to low-power devices, curbing their use in larger, power-intensive applications.

Cymbet Corporation is a leading innovator in the energy harvesting sector, focusing on solid-state batteries. Their EnerChip rechargeable batteries are small, durable, and support over 5000 recharge cycles. These batteries utilize energy harvesting from ambient light, motion, or pressure to extend their lifespan significantly. Cymbet’s solutions are widely used in IoT devices, medical equipment, and industrial controls, offering a reliable power source for low-power applications.

Powercast Corporation specializes in RF-based energy harvesting technology. Their products convert radio waves into DC power to wirelessly recharge batteries and power sensors, eliminating the need for wired connections. Powercast’s technology is widely applied in smart homes, industrial IoT, and medical devices, providing efficient and continuous power solutions for low-energy devices. Their pioneering approach helps in creating self-sustaining, maintenance-free electronic systems.

Key Takeaways

Energy Harvesting System Market size is expected to be worth around USD 1,759.5 Million by 2033, From USD 710.0 Million by 2023, at a CAGR of 9.5%.
The North American Energy Harvesting System Market holds 35.1%, valued at USD 249.2 million.
By Energy Source: Solar energy harvesting dominates with a 42.7% market share.
By Component: Transducers constitute 35.4% of the component market.
By Technology: Thermoelectric technology holds 42.6% of its sector.
By End-Use: Commercial and residential end-uses lead at 56.4%.

Statistics

The RF power signals generated by single, double, and triple RF sources are collected wirelessly by the RF energy harvesting circuit at distances from 1 to 5 m at intervals of 0.5 m.
The constant desire among users toward consumer electronics has been predicted to boost global energy needs, estimated to be 13 terawatts (TW) in 2005 and 30 TW in 2050.
Micro-energy–-harvesting systems that deliver anything from a few hundred microwatts to a few milliwatts of power on demand have been in development for at least the last couple of decades.
The power density of these sources ranges from about 100 mW/cm2 for outdoor solar to 10 mW/cm2 for a thermoelectric generator (TEG).
RE100 is the global renewable energy initiative bringing together hundreds of large and influential businesses committed to 100% renewable electricity.
Lighting accounts for nearly 5% of global CO2 emissions. LED lighting can achieve energy savings of 50-70% compared to old technologies.
The piezoelectric charges generated by the PCDF layer enhance the potential difference between two triboelectric layers significantly increase the transferred electrons in the electrification, and achieve the maximum power density of 4016 mW m−2
To overcome the air breakdown caused by the high output voltage of TENG, a buffer capacitor can be utilized, and a charge density of 1.85 mC m−2 has been obtained.
For current commercialized IoT systems, typical sensors such as accelerometers have a power consumption ranging from 100 μW to 1 mW in normal operation mode. With this power consumption, a typical button cell battery with 50 mAh capacity will only last a few days, and the lifetime will be even shorter with a wireless communication module.
Typically, the power consumption of such systems can be reduced to around 10 μW, a power consumption that allows the thin-film batteries to only last a day at best.
4 × 4 sensor array with an ultralow-power consumption of 68.6 μW was integrated with a readout printed circuit board.
Critical analysis of vibrational, solar, heat, radiofrequency, and hybrid show convincing output results, but a hybrid solar wearable energy harvester (SWEH) and thermoelectric wearable energy harvester (TWEH) give a maximum output power of 501 mW.
Overall sizes of the reported wearable energy harvesters are in the millimeter to centimeter scale, with resonant frequencies in the range of 1 to 1400 Hz, while rectenna wearable energy harvester (RWEH) exceeds the limit and is reported in the range of 1.8 to 3.2 GHz.
Maximum energy conversion for a piezoelectric wearable energy harvester can potentially reach up to 29.7 μW/cm3 and 14.28 μW/cm2.
The power produced by the reported hybrid energy harvesters (HEHs) is in the range of 0.00012 to 501 mW.
Experimental results indicate that the effective wind speed range and the output power area of a coupled harvester in the presented system can be as many as 2.67 times and 6.79 times of that of the traditional single harvester, respectively.
Experimentally investigated galloping piezoelectric energy harvesters with square bluff bodies, and the maximum peak harvested power can be as large as 13 mW under the 8 m/s wind speed.
Modeled a flutter-based aeroelastic energy harvester using Computational Fluid Dynamics (CFD) and experimentally obtained a peak-to-peak voltage of 8.72 V and a short-circuit current of 1 mA when subjected to the wind speed of 2.3 m/s.

Emerging Trends

IoT Integration: The rapid expansion of the Internet of Things (IoT) is driving the need for sustainable, long-lasting power solutions. Energy harvesting system market are becoming vital for powering IoT devices without frequent battery replacements, enabling more efficient and maintenance-free operation.
Advancements in Materials and Miniaturization: Significant progress in materials science is enhancing the efficiency and durability of energy harvesting devices. Innovations in materials and miniaturization are making these systems more compact and efficient, broadening their application range.
Wireless Sensor Networks: The increasing prevalence of wireless sensor networks reduces reliance on wired power sources, lowering maintenance costs, and improving deployment flexibility in areas such as environmental monitoring and industrial automation.
Wearable Technology: Energy harvesting is gaining traction in wearable technology, using solar cells and kinetic energy harvesters to extend battery life and improve user convenience in devices like smartwatches and fitness trackers.
Renewable Energy Focus: There is a growing emphasis on integrating renewable energy sources like solar and wind power into energy harvesting systems. This trend is driven by corporate sustainability commitments and government policies promoting renewable energy adoption.
Decentralized Power Solutions: Energy harvesting technologies are increasingly being used for decentralized power solutions in remote or off-grid locations, providing a reliable and sustainable power source where traditional grid power is unavailable.

Use cases

Industrial IoT Sensors: Energy harvesting system market power IoT sensors in industrial settings, enabling continuous monitoring and data collection without the need for battery replacements. This reduces maintenance costs and increases efficiency in operations.
Building Automation: These systems are increasingly used in building automation to power smart sensors and devices, facilitating energy management and reducing reliance on traditional power sources.
Wearable Technology: Wearable devices, such as smartwatches and fitness trackers, benefit from energy harvesting through solar cells and kinetic energy. This extends battery life and enhances user convenience. The wearable technology sector is rapidly adopting energy-harvesting solutions to improve device longevity and user experience.
Remote Monitoring Systems: Energy harvesting systems are essential for remote monitoring applications, especially in environmental monitoring and agriculture. They provide a sustainable power source for sensors and devices in off-grid locations, ensuring continuous operation and data collection.
Automotive Applications: In the automotive sector, energy harvesting technologies like regenerative braking systems are used to improve vehicle efficiency. These systems capture and store energy that would otherwise be lost, contributing to the sustainability and performance of electric and hybrid vehicles.

Key Players

Fujitsu Limited is advancing the field of energy harvesting by developing hybrid devices capable of generating electricity from both heat and light. This innovation leverages organic materials to create cost-effective solutions that can be used in various applications, from medical sensors to environmental monitoring. Fujitsu’s approach reduces the need for electrical wiring and battery replacements, paving the way for the widespread adoption of energy-harvesting technologies. Their efforts aim to enhance energy efficiency and support the move towards sustainable, self-sufficient power systems.

Honeywell International Inc. is making significant strides in energy harvesting by integrating advanced sensors and IoT technologies into their solutions. Their focus is on improving energy efficiency and sustainability in various industries, including building automation and aerospace. Honeywell’s energy harvesting system market are designed to capture and convert ambient energy, such as vibrations and thermal energy, into usable electrical power, thereby enhancing the reliability and efficiency of their products and reducing dependency on traditional power sources.

Mide Technology Corporation, a leader in piezoelectric energy harvesting, focuses on developing innovative solutions like the Volture™ v25w energy harvester. This device converts mechanical vibrational energy into electrical energy, ideal for applications needing efficient energy conversion. Mide leverages its expertise in piezoelectric technology to create systems that harness ambient vibrations to power small electronics and sensors, enhancing energy efficiency and sustainability in various sectors.

Texas Instruments Inc. (TI) is a major player in the energy harvesting sector, providing advanced solutions like integrated circuits designed for energy capture from light, heat, and vibrations. TI’s products enable low-power devices to be powered sustainably, reducing the need for frequent battery replacements and enhancing the lifespan of portable electronics. Their technology supports a wide range of applications, from industrial monitoring systems to consumer electronics, driving innovation and efficiency in energy management.

Schneider Electric SE is at the forefront of the energy harvesting system sector, integrating advanced technologies to enhance energy efficiency and sustainability. The company’s Battery Energy Storage Systems (BESS) play a pivotal role in capturing, storing, and managing energy from various sources, ensuring a reliable and resilient energy supply. Schneider’s innovative solutions, like the EcoStruxure Microgrid Operation, help optimize energy usage and reduce carbon footprints, contributing significantly to global sustainability goals.

Convergence Wireless focuses on innovative energy harvesting technologies, specifically targeting wireless IoT devices. Their systems convert ambient energy from sources like light, heat, and vibration into usable electrical power, effectively extending the battery life of devices and reducing the need for frequent battery replacements. This approach not only enhances the sustainability of IoT solutions but also supports the development of smart, energy-efficient environments.

GreenPeak Technologies has made significant contributions to the energy harvesting sector, particularly with its GP410 chip. This chip integrates the ZigBee PRO Green Power feature, enabling low-cost energy harvesting solutions for smart home applications. It allows devices like light switches to operate without batteries by harvesting energy from actions such as flipping the switch. This innovation facilitates the deployment of maintenance-free, self-powered devices that enhance the efficiency and sustainability of smart homes.

Microchip Technology Inc. is actively engaged in the energy harvesting sector, providing solutions that convert ambient energy into usable electrical power for low-power applications. Their products support the efficient operation of wireless sensors and IoT devices by harnessing energy from sources such as light, vibration, and thermal gradients. These innovations help reduce reliance on traditional power sources and batteries, promoting more sustainable and maintenance-free technology in various industries.

Conclusion

This growth is fueled by the rising demand for sustainable and maintenance-free power solutions across various applications, including wearable devices, medical implants, and industrial sensors. The market faces challenges such as consumer awareness and technological integration, but ongoing innovations and government initiatives promoting energy efficiency are expected to drive continued expansion. As economies recover from the COVID-19 pandemic, the focus on sustainability and renewable energy is likely to intensify, further boosting the market’s growth prospects.