Energy Harvesting Market

• The surging implementation of loT devices in automation is driving market growth.

The development of the Internet of Things (IoT) drives the need for autonomously powered, maintenance-free wireless equipment. A wireless sensor network (WSN) is the core technology in designing lot systems. LoT offers an opportunity for automation applications such as lighting controls, building management systems, security and access, and fire and life safety.

In the next few years, using lot, millions of things are likely to be connected permanently. This creates the need for enormous data collection and processing, which, in turn, demands intense automation. The sensor network is the most suitable data-collecting system for loT. Intel reported that loT technology was worth around USD 5.2 trillion globally in 2019, where healthcare and manufacturing were expected to share USD 2.5 trillion and USD 2.3 trillion, respectively. This factor increases the market CAGR in the forecast period.

Additionally, the market is growing for durable systems that are power efficient and safe, requiring much less maintenance. There is a rise in the adoption of wireless sensor networks due to house automation and the green technology adopted by various nations. There needs to be environmental energy. The systems that help capture this energy and convert it to electrical energy are a boon. Various research and development activities in the energy harvesting system are leading to the growth of this market: supportive government policies and increased environmental awareness.

These factors have driven the market to develop innovative energy harvesting systems, which will further boost the Energy Harvesting market revenue in the forecast period.

The Global Energy Harvesting Market Industry is projected to experience robust growth in the coming years. With an estimated market value of 0.62 USD Billion in 2024, the industry is expected to expand significantly, reaching approximately 1.75 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 9.89% from 2025 to 2035, indicating a strong demand for energy harvesting technologies across various sectors. The increasing focus on renewable energy sources and the integration of energy harvesting solutions in emerging technologies are likely to drive this upward trend.

The proliferation of Internet of Things (IoT) devices is significantly influencing the Global Energy Harvesting Market Industry. As more devices become interconnected, the demand for sustainable power sources to support these technologies rises. Energy harvesting solutions, such as those utilizing solar or kinetic energy, provide a viable means to power IoT devices without relying on traditional batteries. This trend is expected to bolster market growth, with the industry projected to reach a valuation of 0.62 USD Billion in 2024. The integration of energy harvesting in IoT applications reflects a broader shift towards energy-efficient technologies.

The Global Energy Harvesting Market Industry is experiencing a notable surge in demand for renewable energy sources. As nations strive to meet sustainability goals, the integration of energy harvesting technologies becomes increasingly vital. For instance, the global push for solar and wind energy has led to innovations in energy harvesting systems that capture ambient energy. This trend is expected to contribute to the market's growth, with projections indicating a market value of 0.62 USD Billion in 2024, potentially escalating to 1.75 USD Billion by 2035. Such growth underscores the importance of energy harvesting in achieving global energy transition objectives.

Government initiatives and regulations aimed at promoting energy efficiency and sustainability are pivotal drivers in the Global Energy Harvesting Market Industry. Many countries are implementing policies that encourage the adoption of renewable energy technologies, including energy harvesting systems. For instance, incentives for solar energy installations and funding for research in energy harvesting technologies are becoming more prevalent. These initiatives not only support market growth but also align with global efforts to reduce carbon emissions. As a result, the market is expected to experience substantial growth, with projections indicating a value of 1.75 USD Billion by 2035.

The increasing awareness of environmental issues among consumers and industries is shaping the Global Energy Harvesting Market Industry. As climate change and resource depletion become pressing concerns, there is a growing emphasis on sustainable energy solutions. This heightened awareness drives demand for energy harvesting technologies that minimize environmental impact. For example, businesses are increasingly seeking energy-efficient solutions to reduce their carbon footprint. This trend is likely to contribute to the market's expansion, with an expected compound annual growth rate of 9.89% from 2025 to 2035, reflecting a collective commitment to sustainability.

Technological advancements play a crucial role in the Global Energy Harvesting Market Industry, facilitating the development of more efficient and versatile energy harvesting solutions. Innovations in materials science, such as piezoelectric and thermoelectric materials, enhance energy conversion efficiency. For example, recent developments in nanotechnology have led to the creation of energy harvesting devices that can operate in diverse environments. These advancements are likely to drive market growth, with an anticipated compound annual growth rate of 9.89% from 2025 to 2035. As technology continues to evolve, the market is poised for significant expansion.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American energy harvesting market area will dominate due to rapid technological developments in energy harvesting. The growth of this technology for the building will boost the market growth in this Region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Energy Harvesting Market Share By Region 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's Energy Harvesting market accounts for the second-largest market share due to the new product launches and R&D among key players. Further, the German Energy Harvesting market held the largest market share, and the UK Energy Harvesting market was the fastest-growing market in the European Region.

The Asia-Pacific Energy Harvesting Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the techno-savvy population and high purchasing power. The Internet of Things has spread across the Region from smart grids to smart homes/buildings. The increasing implementation of the Internet of Things-enabled technology to meet the infrastructure and supply challenges leads to the growth of smart cities, boosting the market across the Region. Moreover, China’s Energy Harvesting market held the largest market share, and the Indian Energy Harvesting market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the Energy Harvesting market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The energy harvesting industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Energy Harvesting industry to benefit clients and increase the market sector. The Energy Harvesting industry has offered some of the most significant medical advantages in recent years. Major players in the Energy Harvesting market, including Levant Power Corporation (U.S.), Honeywell International, Inc. (U.S.), Green Peak Technologies (Netherlands), Fujitsu (Japan), ABB Limited (Switzerland), Arveni (France), Enocean (Germany), Microchip Technology, Inc., (U.S.), Texas Instruments Inc. (U.S.), ST Microelectronics (Switzerland)., and others, are attempting to increase market demand by investing in research and development operations.

EnOcean technology is an energy-harvesting wireless technology used primarily in building automation systems and other application fields such as industry, transportation, logistics, or smart home solutions. EnOcean presented the PTM 535BZ module, the latest addition to its range of transmitter modules for battery-free switch applications. In addition to the already established PTM 535 for the EnOcean wireless standard and PTM 535Z for Zigbee applications, PTM 535BZ is the first module that offers a combination of supported wireless standards in the 2.4 GHz radio band.

STMicroelectronics N.V., commonly referred to as ST or STMicro, is a Dutch multinational corporation and technology company of French-Italian origin headquartered in Plan-les-Ouates near Geneva, Switzerland, and listed on the French stock market.STMicroelectronics announced a new generation of extreme power-saving microcontrollers (MCUs), the STM32U5 series, to meet the most demanding power/performance requirements for smart applications, including wearables, personal medical devices, home automation, and industrial sensors.