Energy Harvesting Market - Forecast(2020 - 2025)
Energy Harvesting Market Overview: According to the Consumers International Organization, globally, with the advent of the Internet of Things (IoT) nearly four billion people will join the network of the connected devices by 2020. IoT transformation has changed the energy-driven consumer electronic devices, thereby encouraging the use of efficient energy harvesting systems throughout the world. The global energy harvesting market was valued at 278.19m in 2018, after gaining traction through wide application in various electronic equipment such as wearable, smartphones, wireless sensor networks (WSNs), and many others. There is a huge gap between the energy required to operate these devices and the energy available in the global scenario. This implicates the necessity for harvesting energy to bridge the gap, consequently pushing forth the global energy harvesting system market growth. The energy harvesting systems market is projected to grow at a robust CAGR of 18.48% through to 2025.