Energy Harvesting Market (Light, Thermoelectric, Vibration, Electromagnetic) is estimated to reach worth $1894.87 Million by 2017 - By New Report MarketsandMarkets
(PRWEB) November 09, 2014 -- The report, “Energy Harvesting Market by Technology, Application & Geography the total market is expected to reach $1894.87 million by 2017, at a CAGR of 24.31%," defines and segments the Energy Harvesting Market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with global adoption trends, future growth potential, competitive outlook, and the best practices in this market.
Browse 70 tables spread across 186 pages and in-depth TOC on “Energy Harvesting Market"
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Energy harvesting is a process of collecting the ambient energy available in nature in ample form. It is also known as Energy scavenging. Energy harvesting is normally used in charging up the low power devices such as mobile, watches, MP3 players, and other low power devices. There are several types of energy harvesting technologies covered in this report such as light energy harvesting, thermoelectric, vibration, electromagnetic, fluid, motion, and other types of harvesting like RF and bio. Of all the energy harvesting, light energy harvesting accounted for the largest percentage share, due to wide usage of solar energy harvesting.
This report covers the energy harvesting applications market, which comprises consumer electronics, industrial, building and home automation, military, aerospace, wireless sensor network, automotive, bicycle dynamo, and others. Consumer electronics includes watches, mobile, laptop, mp3 player, and other devices. Consumer applications accounted for the largest percentage share in 2011 and expected to remain on top in future. Battery replacement is the biggest factor; due to which energy harvesting is the most popular technology for consumer applications.
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The major driving factors of energy harvesting market are high penetration markets such as low power portable devices, building and home automation, energy saving technology, change in technology trends and increasing government support. Change in technology trends depicts the change in battery trends, as battery replacement is one of the major benefits of energy harvesting technology. There are some hindrances for this market like high initial cost and lack of awareness amongst industry and consumers. This report also briefs about the winning imperative and burning issue of energy harvesting market.
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