Energy Harvesting Market Projected to GrowAugust 9, 2012
Research published by MarketsandMarkets predicts that global revenue in this sector will reach $1894.87 million by 2017.
DALLAS /PRNewswire/ -- According to a new market research report, "Energy Harvesting Market - Global Forecast & Analysis (2012 - 2017) by Technology, Application & Geography", published by MarketsandMarkets, the total market is expected to reach $1894.87 million by 2017, at a CAGR of 24.31%.
Browse 70 tables spread across 186 pages and in-depth TOC on "Energy Harvesting Market-Global Forecast & Analysis (2012–2017) by technology (light, thermoelectric, vibration, electromagnetic, fluid, and others), application (aerospace and military, consumer electronics, building and home automation, wireless sensor networks, industrial/manufacturing, bicycle dynamo) and geography." Early buyers will receive 10% customization of reports.
In developing economies, it is necessary to curb the increasing operating cost and other energy-related cost. To use the natural resources and reduce the overall cost, it has become mandatory to harvest the ambient energy available at a free scale and extract it for commercial applications. Thus, energy harvesting is becoming the crucial technique to harvest the ambient energy. The major driving factors for the energy harvesting market are energy saving, increasing government support, and changing technology trends. Energy harvesting is useful in scavenging energy from solar, vibration, motion, electromagnetic, motion, and fluid sources. This report covers most of the types of energy harvesting, like light, thermoelectric, vibration, electromagnetic, fluid, motion, and others.
In the present scenario, energy harvesting can be useful in various application areas, such as consumer electronics, industrial, building and home automation, military and aerospace, wireless sensor network, automotive, bicycle dynamo, and others. Consumer electronics is widely exposed to the energy harvesting technology. Energy harvesting is used to charge devices like mobiles, watches, and mp3 players. Building and home automation is one of the fastest growing application areas, and energy harvesting is the mainstream technology in this area. A wireless sensor network is also the key application area for energy harvesting.
The global energy harvesting market is expected to reach $1894.87 million by 2017, at an estimated CAGR of 24.31%. Europe is leading the total energy harvesting technology market, followed by North America and APAC. In the market of ROW, the Middle East and Africa, are the largest contributors.
Electroactive polymers (EAPs) have been proposed for harvesting energy. These polymers have a large strain, elastic energy density, and high energy conversion efficiency. The total weight of systems based on EAPs is proposed to be significantly lower than those based on piezoelectric materials.
Nanogenerators, such as the one made by Georgia Tech, could provide a new way for powering devices without batteries. As of 2008, it has only generated some dozen nanowatts, which is too low for any practical application.
Noise harvesting NiPS Laboratory in Italy has recently proposed to harvest wide-spectrum, low-scale vibrations via a nonlinear dynamical mechanism that can improve harvester efficiency by up to a factor of four, compared with traditional linear harvesters.
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