Energy Harvesting Systems Will Reach Nearly $375 Million in Annual Revenue by 2020, Forecasts Navigant Research
Available energy sources include electromagnetic radiation, thermal energy, kinetic energy, and mechanical energy, report concludes
BOULDER, Colo.--(BUSINESS WIRE)--Energy harvesting systems, which convert ambient energy to useable electrical energy, offer an attractive alternative to battery power for portable devices. Using a variety of energy sources including electromagnetic radiation, thermal energy, kinetic energy, and mechanical energy, energy harvesting technology is already powering a range of consumer products, such as laptops and mobile phones. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from energy harvesting systems will grow from $283 million in 2014 to nearly $375 million in 2020.
“The idea of mobile devices that charge themselves continuously, without intervention, access to electrical outlets, or unwieldy cords, has been prevalent among both developers and users for some time”
“The idea of mobile devices that charge themselves continuously, without intervention, access to electrical outlets, or unwieldy cords, has been prevalent among both developers and users for some time,” says Eric Woods, research director with Navigant Research. “This is the future of mobile devices – and the technology to make it happen has arrived.”
Another important application for energy harvesting is pervasive sensor networks, where thousands of sensors monitor all measurable commodities, in real time. These devices diligently work to provide important information about temperature, humidity, security, machine health, structural health, and much more. As an alternative technology to power these networks, energy harvesting offers several advantages over conventional power supplies, according to the report, and developers are quickly becoming familiar with how to implement this technology into ever more innovative applications.
The report, “Energy Harvesting”, analyzes existing and emerging energy harvesting technologies in depth, looking at nine end-use consumer and industrial application segments and the four most successful transduction methods for converting ambient energy. Key industry players are profiled and global market forecasts, segmented by application, technology, and world region, extend through 2020. The report also includes extensive technology segmentation that shows key implementation strategies for the most common energy harvesting technologies operating in portable, pervasive, and autonomous systems. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Transportation, Smart Utilities, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Energy Harvesting,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.