The global micro-energy harvesting system market reached US$ 228.9 million in 2023. Over the forecast period, demand for micro-energy harvesting systems is anticipated to rise at 11.9% CAGR. The market is expected to increase from US$ 256.2 million in 2024 to US$ 788.5 million in 2034.
| Attributes | Key Insights |
|---|---|
| Base Value, 2023 | US$ 228.9 million |
| Estimated Micro-Energy Harvesting System Market Size (2024) | US$ 256.2 million |
| Projected Micro-Energy Harvesting System Market Revenue (2034) | US$ 788.5 million |
| Value-based CAGR (2024 to 2034) | 11.9% |
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Market to Expand Over 2.1x through 2034
The global micro-energy harvesting system market is predicted to expand by over 2.1x through 2034. Materials science and engineering advances are critical in improving the efficiency and scalability of micro-energy harvesting systems.
The global micro-energy harvesting system market grew at a CAGR of 7.2% between 2019 and 2023.
| Historical CAGR (2019 to 2023) | 7.2% |
|---|---|
| Forecast CAGR (2024 to 2034) | 11.9% |
In the forecast period, the worldwide micro-energy harvesting system industry is set to thrive at a CAGR of 11.9%.
Principal Consultant
Growing focus on sustainability and energy efficiency are expected to drive the micro energy harvesting industry. Rising demand for energy-efficient solutions, driven by environmental concerns, necessitates the adoption of micro energy harvesting technologies as sustainable alternatives to traditional power sources. Micro energy harvesting systems convert ambient energy into electrical power, reducing pollution & carbon emissions and lowering reliance on harmful fossil fuels.
Energy harvesting capabilities are becoming increasingly ingrained in consumer electronics as manufacturers respond to consumer requests for sustainability, longer battery life, and enhanced convenience. Increasing popularity of portable electronics like smartphones, smartwatches, fitness trackers, and wireless earphones is a key driver propelling this adoption.
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The table below shows the estimated growth rates of several countries in the market. India, China, and the United States are set to record high CAGRs of 8.5%, 8%, and 7.1% respectively, through 2034.
| Countries | Projected CAGR (2024 to 2034) |
|---|---|
| India | 8.5% |
| China | 8% |
| United States | 7.1% |
| United Kingdom | 6.8% |
| Germany | 6.5% |
The United States micro-energy harvesting system industry is poised to exhibit a CAGR of 7.1% during the assessment period.
Demand for micro-energy harvesting systems in China is anticipated to rise at a steady CAGR of 8% during the forecast period. This is attributable to a combination of factors, including:
India is expected to surge at a CAGR of 8.5% through 2034. Top factors supporting the market expansion in the country include:
The micro-energy harvesting system market is projected to increase in Germany at a CAGR of 6.5% through 2034.
Demand for micro-energy harvesting systems is increasing in the United Kingdom, with a projected CAGR of 6.8% through 2034. Emerging patterns in the United Kingdom market are as follows:
The section below shows the light energy harvesting segment dominating based on technology. It is forecast to thrive at 9.2% CAGR between 2024 and 2034. Based on end-use, the consumer electronics segment is anticipated to thrive at a CAGR of 9.1% during the forecast period.
| Top Segment (Technology) | Light Energy Harvesting |
|---|---|
| Predicted CAGR (2024 to 2034) | 9.2% |
| Top Segment (End-use) | Consumer Electronics |
|---|---|
| Projected CAGR (2024 to 2034) | 9.1% |
The global micro-energy harvesting system market is fragmented, with leading players accounting for around 25% to 30% share. ABB Ltd., EnOcean GmbH, STMicroelectronics N.V., Cymbet Corporation, and Powercast Corporation are the leading companies listed in the report.
Key micro-energy harvesting system companies invest in continuous research to produce new products and increase their production capacity to meet end-user demand. They are directed toward adopting growth strategies such as acquisitions, partnerships, mergers, and facility expansions to strengthen their footprint.
Recent Developments
The market is estimated to be valued at US$ 256.2 million in 2024.
The market is expected to increase at a CAGR of 11.9% over the forecast period.
The United States is expected to register a CAGR of 7.1% from 2024 to 2034.
The market is predicted to reach US$ 788.5 million by 2034.
Linde, Air Products, and Plug Power are the leading companies in the market.
China is expected to register a CAGR of 8% from 2024 to 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
5.1. Historical Market Volume (tons) Analysis, 2019 to 2023
5.2. Current and Future Market Volume (tons) Projections, 2024 to 2034
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Technology
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023
7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Market Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth Forecast
8.2.3. Manufacturing Industry Forecast
8.2.4. Global Urbanization Growth Outlook
8.2.5. End-use Industry Growth Outlook
8.2.6. Other Forecast Factors
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. Key Regulations & Certifications
8.8. Production Process Overview
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Technology, 2019 to 2023
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Technology, 2024 to 2034
9.3.1. Light Energy Harvesting
9.3.2. Vibration Energy Harvesting
9.3.3. EM & RF Energy Harvesting
9.3.4. Thermal Energy Harvesting
9.3.5. Magnetic Energy Harvesting
9.3.6. Electric Energy Harvesting
9.3.7. Others
9.4. Market Attractiveness Analysis By Technology
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Density
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Power Density, 2019 to 2023
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Power Density, 2024 to 2034
10.3.1. 15 m W/cm3
10.3.2. 330 µ W/cm3
10.3.3. 116 µ W/cm3
10.3.4. 40 µ W/cm3
10.3.5. 960 n W/cm3
10.4. Market Attractiveness Analysis By Power Density
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2019 to 2023
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2024 to 2034
11.3.1. Building & Home Automation
11.3.2. Consumer Electronics
11.3.3. Industrial
11.3.4. Transportation
11.3.5. Healthcare
11.3.6. Security
11.3.7. Others
11.4. Market Attractiveness Analysis By End Use
12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2019 to 2023
12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2024 to 2034
12.3.1. North America
12.3.2. Latin America
12.3.3. East Asia
12.3.4. South Asia Pacific
12.3.5. Western Europe
12.3.6. Eastern Europe
12.3.7. Middle East and Africa
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.4.1. By Country
13.4.1.1. United States
13.4.1.2. Canada
13.4.1.3. Mexico
13.4.2. By Technology
13.4.3. By Power Density
13.4.4. By End Use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Technology
13.5.3. By Power Density
13.5.4. By End Use
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Chile
14.4.1.3. Rest of Latin America
14.4.2. By Technology
14.4.3. By Power Density
14.4.4. By End Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Technology
14.5.3. By Power Density
14.5.4. By End Use
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Technology
15.4.3. By Power Density
15.4.4. By End Use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Technology
15.5.3. By Power Density
15.5.4. By End Use
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.4.1. By Country
16.4.1.1. India
16.4.1.2. ASEAN
16.4.1.3. Australia and New Zealand
16.4.1.4. Rest of South Asia Pacific
16.4.2. By Technology
16.4.3. By Power Density
16.4.4. By End Use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Technology
16.5.3. By Power Density
16.5.4. By End Use
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.4.1. By Country
17.4.1.1. Germany
17.4.1.2. Italy
17.4.1.3. France
17.4.1.4. United Kingdom
17.4.1.5. Spain
17.4.1.6. BENELUX
17.4.1.7. NORDICS
17.4.1.8. Rest of W. Europe
17.4.2. By Technology
17.4.3. By Power Density
17.4.4. By End Use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Technology
17.5.3. By Power Density
17.5.4. By End Use
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
18.4.1. By Country
18.4.1.1. Russia
18.4.1.2. Poland
18.4.1.3. Hungary
18.4.1.4. Balkan & Baltics
18.4.1.5. Rest of Eastern Europe
18.4.2. By Technology
18.4.3. By Power Density
18.4.4. By End Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Technology
18.5.3. By Power Density
18.5.4. By End Use
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
19.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
19.4.1. By Country
19.4.1.1. KSA
19.4.1.2. Other GCC Countries
19.4.1.3. Türkiye
19.4.1.4. South Africa
19.4.1.5. Other African Union
19.4.1.6. Rest of Middle East and Africa
19.4.2. By Technology
19.4.3. By Power Density
19.4.4. By End Use
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Technology
19.5.3. By Power Density
19.5.4. By End Use
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Country-wise Market Analysis
20.1. Introduction
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. United States Market Analysis
20.2.1. By Technology
20.2.2. By Power Density
20.2.3. By End Use
20.3. Canada Market Analysis
20.3.1. By Technology
20.3.2. By Power Density
20.3.3. By End Use
20.4. Mexico Market Analysis
20.4.1. By Technology
20.4.2. By Power Density
20.4.3. By End Use
20.5. Brazil Market Analysis
20.5.1. By Technology
20.5.2. By Power Density
20.5.3. By End Use
20.6. Chile Market Analysis
20.6.1. By Technology
20.6.2. By Power Density
20.6.3. By End Use
20.7. China Market Analysis
20.7.1. By Technology
20.7.2. By Power Density
20.7.3. By End Use
20.8. Japan Market Analysis
20.8.1. By Technology
20.8.2. By Power Density
20.8.3. By End Use
20.9. South Korea Market Analysis
20.9.1. By Technology
20.9.2. By Power Density
20.9.3. By End Use
20.10. India Market Analysis
20.10.1. By Technology
20.10.2. By Power Density
20.10.3. By End Use
20.11. ASEAN Market Analysis
20.11.1. By Technology
20.11.2. By Power Density
20.11.3. By End Use
20.12. Australia and New Zealand Market Analysis
20.12.1. By Technology
20.12.2. By Power Density
20.12.3. By End Use
20.13. Germany Market Analysis
20.13.1. By Technology
20.13.2. By Power Density
20.13.3. By End Use
20.14. Italy Market Analysis
20.14.1. By Technology
20.14.2. By Power Density
20.14.3. By End Use
20.15. France Market Analysis
20.15.1. By Technology
20.15.2. By Power Density
20.15.3. By End Use
20.16. United Kingdom Market Analysis
20.16.1. By Technology
20.16.2. By Power Density
20.16.3. By End Use
20.17. Spain Market Analysis
20.17.1. By Technology
20.17.2. By Power Density
20.17.3. By End Use
20.18. BENELUX Market Analysis
20.18.1. By Technology
20.18.2. By Power Density
20.18.3. By End Use
20.19. NORDICS Market Analysis
20.19.1. By Technology
20.19.2. By Power Density
20.19.3. By End Use
20.20. Russia Market Analysis
20.20.1. By Technology
20.20.2. By Power Density
20.20.3. By End Use
20.21. Poland Market Analysis
20.21.1. By Technology
20.21.2. By Power Density
20.21.3. By End Use
20.22. Hungary Market Analysis
20.22.1. By Technology
20.22.2. By Power Density
20.22.3. By End Use
20.23. Balkan & Baltics Market Analysis
20.23.1. By Technology
20.23.2. By Power Density
20.23.3. By End Use
20.24. KSA Market Analysis
20.24.1. By Technology
20.24.2. By Power Density
20.24.3. By End Use
20.25. Other GCC Countries Market Analysis
20.25.1. By Technology
20.25.2. By Power Density
20.25.3. By End Use
20.26. Türkiye Market Analysis
20.26.1. By Technology
20.26.2. By Power Density
20.26.3. By End Use
20.27. South Africa Market Analysis
20.27.1. By Technology
20.27.2. By Power Density
20.27.3. By End Use
20.28. Other African Union Market Analysis
20.28.1. By Technology
20.28.2. By Power Density
20.28.3. By End Use
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Production Capacity Analysis
21.5. Market Presence Analysis
21.5.1. By Product Footprint of Players
21.5.2. By Regional Footprint of Players
21.5.3. By Application Footprint of Players
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. ABB Ltd.
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
22.3.1.4. Sales Footprint
22.3.1.5. Strategy Overview
22.3.2. EnOcean GmbH
22.3.3. STMicroelectronics N.V.
22.3.4. Cymbet Corporation
22.3.5. Powercast Corporation
22.3.6. MicroGen Systems, Inc.
22.3.7. Texas Instruments Incorporated
22.3.8. Honeywell International Inc.
22.3.9. Mide Technology Corporation
22.3.10. LORD Sensing - MicroStrain
22.3.11. e-peas
22.3.12. Microchip Technology, Inc.
22.3.13. Fujitsu Limited
22.3.14. Nikola Labs
22.3.15. Resensys
22.3.16. Soundpower Corp.
22.3.17. National Instruments
22.3.18. Semtech
22.3.19. Cypress
22.3.20. Analog Devices
22.3.21. Other Key Players
23. Primary Insights
24. Assumptions and Acronyms Used
25. Research Methodology
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Micro-energy Harvesting System Market
