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
