London, 02 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global energy-harvesting devices market 2015-2019, which is predicted to grow at a CAGR of 21.97% during the forecast period of 2014-2019.
The significant demand for energy-harvesting devices in consumer electronics is one of the major growth drivers in the market. Almost all consumer electronic products run on batteries or some other power supply source that must be charged frequently. Energy-harvesting solutions enable the contactless charging of consumer electronics products.
“The most significant way of combating carbon emissions is by reducing greenhouse gases by harvesting clean energy from renewable sources such as the sun, wind, air, and water,” says Faisal Ghaus, Vice President of Technavio.
“Energy-harvesting devices use natural resources to produce electrical energy, making them attractive to environmentally aware end-users.”
Key Market Drivers
- Increasing government support
- Increasing need for energy savings
- Integration of energy-harvesting with other technologies
- Increasing demand from the consumer electronics segment
- Growth of commercial building automation market
- Development of new technologies such as Internet of Things and big data
- Economical attractiveness of energy-harvesting devices
Key Market Trends
- Increasing need to reduce carbon emissions
- Rising global demand for energy
- Need for energy-harvesting devices in the healthcare segment
Key Market Vendors
- Linear Technology Corp.
- Lord Corp.
- Microchip Technology Inc.
- Perpetuum Ltd.
- Texas Instruments Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
