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Building Automation Energy Harvesting Market Research Report: By Building System (HVAC, Lighting, Security, Access Control, Fire Safety), By Harvesting Technology (Photovoltaics, Thermoelectric, Piezoelectric, Electromagnetic), By End-User (Commercial Buildings, Residential Buildings, Industrial Buildings, Government Buildings), By Application (Powering Wireless Sensors, Operating Automated Controls, Charging Battery Backups, Providing Emergency Power) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Afri


ID: MRFR/E&P/26928-HCR | 128 Pages | Author: Priya Nagrale| October 2024

Building Automation Energy Harvesting Market Overview:


As per MRFR analysis, the Building Automation Energy Harvesting Market Size was estimated at 18.58 (USD Billion) in 2022. The Building Automation Energy Harvesting Market is expected to grow from 19.14 (USD Billion) in 2023 to 25.0 (USD Billion) by 2032. The Building Automation Energy Harvesting Market CAGR (growth rate) is expected to be around 3.01% during the forecast period (2024 - 2032).


Key Building Automation Energy Harvesting Market Trends Highlighted


Innovations in energy harvesting and building automation improve affordability and sustainability. The need for energy-efficient solutions rises as a result of governments and organizations promoting green projects.


Energy harvesting devices are being more widely used in smart buildings, which presents enormous growth potential. Innovations in energy collecting devices, like higher power output and better conversion efficiency, help to drive market growth.


Wireless sensors and actuators are made possible by energy harvesting, which also improves data accuracy and lowers installation and maintenance costs. Market expansion is also fueled by the integration of renewable energy sources and the move toward distributed energy generation.Building Automation Energy Harvesting Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building Automation Energy Harvesting Market Drivers


Rising Demand for Energy Efficiency in Buildings


The increasing demand for energy efficiency in buildings is a major driver of the growth of the Global Building Automation Energy Harvesting Market.


As the world becomes increasingly aware of the environmental impact of energy consumption, building owners and managers are looking for ways to reduce their energy usage and operating costs. Energy harvesting technologies offer a sustainable and cost-effective way to power building automation systems, such as lighting, HVAC, and security systems, without the need for traditional wired power sources.


This is especially beneficial in remote or off-grid locations where access to reliable electricity is limited. The rising demand for energy efficiency is being driven by a number of factors, including Government regulations and incentives. Many governments have implemented regulations and incentives to encourage the adoption of energy-efficient technologies in buildings. These regulations and incentives can include tax breaks, rebates, and grants.


Corporate sustainability goals: Many corporations have adopted sustainability goals to reduce their environmental impact. These goals often include reducing energy consumption and increasing the use of renewable energy sources.


Consumer demand: Consumers are increasingly demanding energy-efficient products and services. This is due to a growing awareness of the environmental impact of energy consumption, as well as the rising cost of energy.


Advancements in Energy Harvesting Technologies


The Global Building Automation Energy Harvesting Market is also being driven by advancements in energy harvesting technologies. These advancements have made it possible to harvest energy from a wider range of sources, such as solar, thermal, and kinetic energy.


This has made energy harvesting more feasible for a wider range of applications, including building automation systems. Some of the key advancements in energy harvesting technologies include Increased efficiency: Energy harvesting devices are becoming more efficient at converting energy from ambient sources into electricity.


This makes it possible to harvest more energy from smaller devices. Reduced cost: The cost of energy harvesting devices is decreasing, making them more affordable for a wider range of applications. Improved durability: Energy harvesting devices are becoming more durable, making them more resistant to the elements and other environmental factors.


Growing Adoption of Smart Buildings


The growing adoption of smart buildings is another major driver of the Global Building Automation Energy Harvesting Market. Smart buildings are buildings that are equipped with sensors and other devices that collect data on the building's energy consumption, occupancy, and other factors.


This data can then be used to optimize the building's energy usage and improve occupant comfort. Energy harvesting technologies play a key role in smart buildings by providing a sustainable and cost-effective way to power sensors and other devices.


This eliminates the need for traditional wired power sources, which can be expensive and difficult to install. As the adoption of smart buildings continues to grow, the demand for energy-harvesting technologies is expected to increase.


Building Automation Energy Harvesting Market Segment Insights:


Building Automation Energy Harvesting Market Building System Insights


The Global Building Automation Energy Harvesting Market is segmented by Building systems into HVAC, Lighting, Security, Access Control, and Fire Safety. Among these segments, HVAC is expected to hold the largest market share in 2023, owing to the increasing adoption of energy-efficient HVAC systems and the growing demand for smart buildings.


The Lighting segment is anticipated to witness the highest growth rate during the forecast period, driven by the rising popularity of LED lighting and the adoption of wireless lighting control systems. The Security segment is expected to account for a significant market share in 2023 due to the growing concerns about security and the increasing demand for intelligent security solutions.


The Access Control segment is projected to grow steadily over the forecast period, driven by the rising adoption of biometric access control systems and the increasing need for secure access to buildings. The market growth is attributed to the increasing adoption of energy-efficient building automation systems, the growing demand for smart buildings, and the rising concerns about energy security.Building Automation Energy Harvesting Market Building System


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building Automation Energy Harvesting Market Harvesting Technology Insights


The harvesting technology segment in the Global Building Automation Energy Harvesting Market is expected to witness significant growth in the coming years. Photovoltaics, thermoelectric, piezoelectric, and electromagnetic technologies are the key harvesting technologies used in building automation systems.


Photovoltaic technology, which converts sunlight into electricity, is projected to dominate the market with a substantial share. Thermoelectric technology, which generates electricity from temperature differences, is also gaining traction due to its ability to harvest energy from waste heat


Piezoelectric technology, which converts mechanical energy into electrical energy, is used in applications such as vibration sensors and energy-generating floor tiles. Electromagnetic technology, which generates electricity from magnetic fields, is expected to find increasing use in wireless sensors and other applications.


Building Automation Energy Harvesting Market End-User Insights


The Global Building Automation Energy Harvesting Market is segmented into four major end-user segments, namely, commercial buildings, residential buildings, industrial buildings, and government buildings. Among these segments, commercial buildings are expected to hold the largest market share in 2023 and are projected to continue their dominance throughout the forecast period.


The growth in the commercial building segment can be attributed to the rising adoption of smart building technologies and increasing demand for energy-efficient solutions.


The increasing awareness about the benefits of energy harvesting technologies is also driving the growth of this segment. The residential buildings segment is expected to witness a significant growth rate during the forecast period.


The rising trend of green buildings and the growing adoption of smart home technologies are the key factors driving the growth of this segment. The industrial buildings segment is also expected to contribute to the growth of the Global Building Automation Energy Harvesting Market. The growing demand for energy-efficient solutions in industrial facilities is driving the growth of this segment.


The government buildings segment is expected to witness a steady growth rate during the forecast period. The increasing focus on sustainability and energy conservation in government buildings is driving the growth of this segment.


Building Automation Energy Harvesting Market Application Insights


The Global Building Automation Energy Harvesting Market is segmented by application into powering wireless sensors, operating automated controls, charging battery backups, and providing emergency power. Among these, powering wireless sensors is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period.


The increasing adoption of wireless sensors in building automation systems, coupled with the growing need for energy-efficient solutions, is driving the growth of this segment. The operating automated controls segment is expected to witness significant growth during the forecast period.


Automated controls play a crucial role in optimizing energy consumption and improving the efficiency of building systems. Energy harvesting technologies offer a sustainable and cost-effective way to power these controls, leading to increased demand in this segment.


Charging battery backups is another important application segment in the Global Building Automation Energy Harvesting Market. Energy harvesting systems can be used to charge backup batteries, ensuring uninterrupted operation of critical building systems during power outages. This segment is expected to grow steadily over the forecast period, driven by the increasing need for reliable backup power solutions.


Providing emergency power is a crucial application of energy harvesting technologies in building automation. Energy harvesting systems can provide emergency power to critical systems such as lighting, security, and communications, ensuring the safety and well-being of building occupants during emergencies.


This segment is expected to experience significant growth in the coming years due to the rising concerns over grid resilience and the need for reliable backup power sources.


Building Automation Energy Harvesting Market Regional Insights


The Global Building Automation Energy Harvesting Market is segmented regionally into North America, Europe, APAC, South America, and MEA.


North America held the largest market share in 2023, owing to the increasing adoption of energy-efficient technologies in buildings and stringent government regulations for energy conservation. Europe is expected to witness significant growth in the market due to the rising awareness of sustainability and the growing demand for smart buildings.


APAC is expected to be the fastest-growing region in the market, driven by rapid urbanization and the increasing construction of green buildings.


South America and MEA are expected to have a relatively smaller market share but are expected to grow at a steady pace due to the increasing focus on energy efficiency and the growing adoption of renewable energy sources.Building Automation Energy Harvesting Market Regional


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building Automation Energy Harvesting Market Key Players and Competitive Insights:


Major players in the Building Automation Energy Harvesting Market are constantly striving to gain a competitive edge by investing in research and development, forming strategic partnerships, and expanding their product portfolios.


Leading Building Automation Energy Harvesting Market players are focusing on developing innovative energy harvesting solutions that are more efficient, cost-effective, and reliable. They are also exploring new applications for energy harvesting technology in building automation systems, such as powering wireless sensors and actuators.


The Building Automation Energy Harvesting Market is expected to witness significant growth in the coming years, driven by the increasing adoption of smart building technologies, the rising demand for energy efficiency, and the growing awareness of sustainability.


 Honeywell International Inc. is a leading provider of building automation and energy harvesting solutions. The company offers a wide range of energy-harvesting products, including solar panels, wind turbines, and vibration energy harvesters.


Honeywell also provides a variety of building automation systems and services, including energy management, lighting control, and security systems. The company's energy harvesting solutions are used in a variety of applications, including schools, hospitals, and office buildings.


EnOcean GmbH is a leading provider of wireless energy harvesting technology. The company's energy harvesting products are used to power wireless sensors and actuators in building automation systems.


EnOcean's energy harvesting technology is based on the principle of electromagnetic induction, which allows it to generate electricity from ambient energy sources, such as light and movement. The company's energy harvesting products are used in a variety of applications, including lighting control, HVAC control, and security systems.


Key Companies in the Building Automation Energy Harvesting Market Include:



  • Triad Magnetics

  • Cypress Semiconductor Corporation

  • Texas Instruments Incorporated

  • SunPower Corporation

  • K2 Energy

  • Ubicquia

  • GreenTEG

  • Novasentis

  • WiTricity

  • Powercast

  • Johnson Controls International

  • InnoEnergy

  • Schneider Electric SE

  • EnOcean


Building Automation Energy Harvesting Market Developments


The increasing adoption of energy-efficient building solutions and the growing need for sustainable power sources are driving market growth.


Recent news developments include:


In January 2023, EnOcean, a leading provider of energy harvesting technology, launched a new wireless sensor node, the PTM 215B, which offers improved energy efficiency and extended battery life.


In February 2023, Texas Instruments announced the release of a new energy harvesting chip, the bq25570, which provides high efficiency and low power consumption for battery-less building automation systems.


In March 2023, the U.S. Green Building Council announced new LEED certification requirements that promote the adoption of energy harvesting technologies in buildings. 


Building Automation Energy Harvesting Market Segmentation Insights


Building Automation Energy Harvesting Market Building System Outlook



  • HVAC

  • Lighting

  • Security

  • Access Control

  • Fire Safety


 


Building Automation Energy Harvesting Market Harvesting Technology Outlook



  • Photovoltaics

  • Thermoelectric

  • Piezoelectric

  • Electromagnetic


 


Building Automation Energy Harvesting Market End-User Outlook



  • Commercial Buildings

  • Residential Buildings

  • Industrial Buildings

  • Government Buildings


 


Building Automation Energy Harvesting Market Application Outlook



  • Powering Wireless Sensors

  • Operating Automated Controls

  • Charging Battery Backups

  • Providing Emergency Power


 


Building Automation Energy Harvesting Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa


 

Report Attribute/Metric Details
Market Size 2022 18.58(USD Billion)
Market Size 2023 19.14(USD Billion)
Market Size 2032 25.0(USD Billion)
Compound Annual Growth Rate (CAGR) 3.01% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Triad Magnetics, Cypress Semiconductor Corporation, Texas Instruments Incorporated, SunPower Corporation, K2 Energy, Ubicquia, GreenTEG, Novasentis, WiTricity, Powercast, Johnson Controls International, InnoEnergy, Schneider Electric SE, EnOcean
Segments Covered Building System, Harvesting Technology, End-User, Application, Regional
Key Market Opportunities Growing demand for energy-efficient buildings Wireless sensor proliferation Integration with IoT platforms Smart city initiatives Government regulations and incentives
Key Market Dynamics Rising energy costs Growing environmental concerns Advancements in technology Increasing demand for sustainable buildings
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Global Building Automation Energy Harvesting Market was valued at 19.14 billion USD in 2023 and is projected to reach 25.0 Billion USD by 2032, exhibiting a CAGR of 3.01% during the forecast period

North America is expected to dominate the Global Building Automation Energy Harvesting Market, accounting for a significant market share in 2023 and is projected to maintain its dominance throughout the forecast period.

The increasing demand for energy-efficient building solutions, coupled with government initiatives promoting green building practices, is a key growth driver of the Global Building Automation Energy Harvesting Market.

The lighting segment is expected to hold the largest market share in the Global Building Automation Energy Harvesting Market in 2023, primarily due to the growing adoption of energy-efficient lighting systems in commercial and residential buildings

Key competitors in the Global Building Automation Energy Harvesting Market include EnOcean GmbH, Texas Instruments, GreenPeak Technologies, and Powercast Corporation.

The Global Building Automation Energy Harvesting Market is projected to grow at a CAGR of 3.01% from 2024 to 2032.

Challenges faced by the Global Building Automation Energy Harvesting Market include the high cost of implementation, lack of awareness about the technology, and technical limitations related to energy conversion efficiency.

Opportunities for growth in the Global Building Automation Energy Harvesting Market include the increasing demand for smart buildings, the development of new energy harvesting technologies, and government incentives for green building practices.

Key trends shaping the Global Building Automation Energy Harvesting Market include the integration of IoT and wireless technologies, the rise of predictive maintenance, and the focus on sustainability.

The Global Building Automation Energy Harvesting Market is projected to witness steady growth over the next ten years, reaching a value of 25.0 billion USD by 2032.

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