According to MarkNtel Advisors’ research report titled “Global Vibration Energy Harvesting System Market Analysis, 2020”, the Vibration Energy Harvesting System market is anticipated to grow at a CAGR of around 11% during 2020-25 due to the proliferation of IoT technology across consumer electronics and the automation of the process in different industries which are expected to drive the market for vibration energy harvesting systems.
The integrated technologies require a continuous supply of power without network breakage. The grid-connected power supply is a costly affair and involves high maintenance and installation costs. Vibration energy harvesting enables the replacement of such conventional mode of power supply such as battery those are used in small electronic devices. Moreover, the rising environment concerns, supportive government regulations, and increasing focus on the renewable power production are expected to proliferate the demand for vibration energy harvesting system in the forthcoming years.
The application of vibration energy harvesting systems is expected to increase in the future with the advent of technological enhancement. The manufacturers are trying to increase their power storage capacities to enable its application across several untapped areas.
Transducer, the Highest Revenue Generating Component in the VEHS Market
Based on the components, the transducer segment dominated the Global Vibration Energy Harvesting market in 2019, as stated in the MarkNtel Advisors’ research report “Global Vibration Energy Harvesting System Market Analysis, 2020”. Transducers are further sub-segmented into photovoltaic, piezoelectric, thermoelectric, and electro-dynamic. Among these, photovoltaic category generated maximum revenue for the vibration energy harvesting system companies.
Rising demand for renewable power sources to meet the supply deficit of energy resources and to cater to the increasing electricity demand from the growing population have been driving the demand for this category. Moreover, the photovoltaic cells operate at economical prices, as compared to the other technologies.
According to MarkNtel Advisors, the key market players in the Global Vibration Energy Harvesting System industry include Perpetuum Ltd., STMicroelectronics, Murata Manufacturing Co., Ltd., Kinergizer BV, Renesas Electronics Corporation, Mide Technology, Smart Material Corporation, and Others.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Vibration Energy Harvesting System Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million in the report.
Q. What would be the growth rate or CAGR of Global Vibration Energy Harvesting System Market during 2020-25?
A. The growth rate of Global Vibration Energy Harvesting System Market during 2020-25 is forecast to be around 11%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Vibration Energy Harvesting System Market?
A. Perpetuum Ltd., STMicroelectronics, Murata Manufacturing Co., Ltd., Kinergizer BV, Renesas Electronics Corporation, Mide Technology, Smart Material Corporation are few of the leading players in the Global Vibration Energy Harvesting System Market.
Q. Does the report scope cover Global Vibration Energy Harvesting System type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Vibration Energy Harvesting System type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which component segment would emerge as an opportunity area for players in Global Vibration Energy Harvesting System Market ?
A. The Transducer segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Vibration Energy Harvesting System Market .
