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Global Energy Harvesting System For Wireless Sensor Network Market By Type of Sensor (Temperature Sensor, Pressure Sensor, Flow Sensor), By Type of Primary Batteries (Lithium Battery, Alkaline), By Component (Transducers, Power management integrated circuits (PMIC)), By Technology (Light Energy Harv
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Energy Harvesting System For Wireless Sensor Network Market Size And Forecast
Energy Harvesting System For Wireless Sensor Network Market size was valued at USD 429.6 Million in 2023 and is projected to reach USD 1576.9 Million by 2030, growing at a CAGR of 19.1% from 2024 to 2030.
The increasing implementation of IoT for building and home automation in the North American region is the crucial aspect of the rise in the market revenue of Energy Harvesting System for Wireless Sensor Network as well as the widespread usage of various wireless sensors in industrial applications for pressure pump health monitoring will foster market growth. The Global Energy Harvesting System For Wireless Sensor Network Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Energy Harvesting System For Wireless Sensor Network Market Definition
Wireless Sensor Networks (WSNs) A Wireless sensor network can be defined as a network of devices that can communicate the information gathered from a monitored field through wireless links. The data is forwarded through multiple nodes, and with a gateway, the data is connected to other networks like wireless Ethernet. Energy Harvesting-based WSNs (EHWSNs) are the result of endowing WSN nodes with the capability of extracting energy from the surrounding environment.
Energy harvesting can exploit different sources of energy, such as solar power, wind, mechanical vibrations, temperature variations, magnetic fields, etc. A WSN should be self-powering, long-lasting, and almost maintenance-free. Accordingly, energy harvesting can be described as a mechanism used to generate energy from a network’s ambient surroundings to provide an uninterrupted power supply for a specific sensor node and the overall WSN.
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Global Energy Harvesting System For Wireless Sensor Network Market Overview
The increasing implementation of IoT for building and home automation in the North American region, and widespread usage of various wireless sensors in industrial applications for pressure pump health monitoring, tank level monitoring, and flow control are the major drivers for the growth of energy harvesting for the wireless sensor network market. The industrial application currently leads the market majorly owing to the high rate of installation of industrial wireless sensors for machine health monitoring, pressure pump health monitoring, tank level monitoring, flow control, temperature measurement to control lighting systems, and environmental monitoring.
However, the factors restraining the market growth are the limitations of remotely installed network modules and the low adoption in developing countries due to high initial costs. The players in the wireless sensor and energy harvesting ecosystem are also facing challenges in terms of standardizing the communication protocol, which limits the interoperability of the wireless sensor and energy harvesting system.
Global Energy Harvesting System For Wireless Sensor Network Market Segmentation Analysis
The market is segmented on the basis of Type of Sensor, Type of Primary Batteries, Component, Technology, Application, And Geography.
Energy Harvesting System For Wireless Sensor Network Market, By Type of Sensor
- Temperature Sensor
- Pressure Sensor
- Flow Sensor
- Others
Based on Type of Sensor, the market is bifurcated into Temperature Sensor, Pressure Sensor, Flow Sensor, and Others. The temperature sensor is expected to hold the largest share of the Energy Harvesting System For Wireless Sensor Network Market owing to its increasing applications such as temperature monitoring in buildings, HVAC, cold storage, greenhouse, refrigerated trucks, second homes, data centers, industrial boilers, furnaces, and forest fire monitoring.
Energy Harvesting System For Wireless Sensor Network Market, By Type of Primary Batteries
- Lithium Battery
- Alkaline
- Others
Based on Type of Primary Batteries, the market is bifurcated into Lithium Battery, Alkaline, and Others. The lithium battery segment is expected to hold the largest market share during the forecast period.
Energy Harvesting System For Wireless Sensor Network Market, By Component
- Transducers
- Power management integrated circuits (PMIC)
- Secondary Batteries
Based on Component, the market is bifurcated into Transducers, Power management integrated circuits (PMIC), and Secondary Batteries. Among these, the Power management integrated circuits (PMIC) segment by component is expected to hold the largest market share during the forecast period.
Energy Harvesting System For Wireless Sensor Network Market, By Technology
- Light Energy Harvesting
- Vibration Energy Harvesting
- Radio Frequency (RF) Energy Harvesting
- Others
Based on Technology, the market is bifurcated into Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency (RF) Energy Harvesting, and Others. Vibration energy harvesting is expected to lead the global market for energy harvesting for wireless sensor networks. In industrial applications, vibration energy harvesting holds the largest share as it is used to power the wireless sensor network for machine health monitoring, pressure pump health monitoring, tank level monitoring, and flow control. Moreover, vibration energy harvesting holds the largest share for most of the applications such as aerospace, automotive, transportation, and industrial application for powering wireless sensors.
Energy Harvesting System For Wireless Sensor Network Market, By Application
- Building and Home Automation
- Industrial
- Aerospace
- Others
Based on Application, the market is bifurcated into Building and Home Automation, Industrial, Aerospace, and Others. The market for building and home automation is expected to exhibit high growth potential. Owing to the increasing demand for energy-efficient lighting systems, integration of IoT and lighting, and acceptance of standard protocols for lighting control.
Energy Harvesting System For Wireless Sensor Network Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest market share and is expected to grow at the highest CAGR during the forecast period. This growth of the market in North America can be attributed to the increasing industrial wireless sensor networking, smart home systems in new constructions, government initiatives, and increasing green energy awareness. The U.S. and Canada are the major regions deploying wireless sensor networks powered by energy harvesting systems.
Key Players
The “Global Energy Harvesting System For Wireless Sensor Network Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as ABB Limited, Convergence Wireless, Cymbet Corporation, Cypress Semiconductor Corporation, Honeywell International Inc., and Linear Technology.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations and Agreements
- On August 2021, ABB India has announced a partnership with Audi India to provide charging solutions for the e-tron range. The former said in a press release that in order to ensure a premium charging customer experience, the Audi e–tron and Audi e-tron Sportback are offered with ABB‘s smart Terra AC wall box charger with the car to the customers for smart charging at home.
Mergers and Acquisitions
- On July 2020, Hitachi completes acquisition of ABB power grid business, launches joint venture.
On August 2021, Partners Group, a global private markets firm, has agreed to acquire about 75 per cent stake in Atria Convergence Technologies (ACT), one of India’s largest providers of high-speed fiber-optic broadband, from Argan (Mauritius) Ltd and TA Associates.
Product Launches and Product Expansions
- On October 2018, ABB India has launched a range of products including a new age, digitally enabled circuit breaker, AFS contactors and a range of modern light switches for industry, panel builders, OEMs and building architects in Coimbatore.
- On August 2020, ABB India launched eMart, an online marketplace portal, which will offer more than 6,000 products from its electrification business for home and industrial buyers.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2020-2030 |
| BASE YEAR |
2023 |
| FORECAST PERIOD |
2024-2030 |
| HISTORICAL PERIOD |
2020-2022 |
| UNIT |
Value (USD Million) |
| KEY COMPANIES PROFILED |
ABB Limited, Convergence Wireless, Cymbet Corporation, Cypress Semiconductor Corporation, Honeywell International Inc., and Linear Technology. |
| SEGMENTS COVERED |
Type of Sensor, Type of Primary Batteries, Component, Technology, Application, And Geography. |
| CUSTOMIZATION SCOPE |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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