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Wednesday 6 December 2017

Global Energy Harvesting System Market is Riding High on Growth 2017: Radiant Insights, Inc

The global energy harvesting system market is projected to post a noteworthy CAGR during the forecast period (from 2016 to 2022), finds a report added to Radiant Insights, Inc. Energy harvesting is commonly defined as the process of conversion of ambient energy or wasted energy into electrical energy. Energy harvesting systems capture, accumulate, store, and manage energy in such a way that it can be utilized for any viable purposes. The primary goal of these systems does not include generation of large scale of power.
Growing prominence of wearable technology is likely to provide a new, positive direction to the market. Market players and researchers are incorporating this technology into their offerings, which is anticipated to escalate adoption of energy harvesting systems. For instance, in August 2017, a team of researchers from the University of California developed a wearable device that can harvest energy from human sweat. The device is a stretchable biofuel cell that reacts with the lactic acid in sweat to generate electrical energy. This energy is enough to operate an LED light or a Bluetooth low-energy radio.
In September 2017, scientists from the Ulsan National Institute of Science and Technology (UNIST) in South Korea developed a wearable energy harvesting system that can be simply attached to clothes. The device works on the temperature difference between the hot and cold sides. It is based on a thermoelectric generator along with solar absorber, which increases the temperature difference to as high as 20.9 degrees.
Growing utilization of renewable energy sources coupled with the increasing emphasis on green energy and de-carbonization can augment the global energy harvesting system market. Favorable government initiatives can also stimulate the growth of the market in near future. Rising trend of home and building automation is poised to drive the market. On the flip side, high cost of energy harvesting systems can adversely affect the growth of the market.
Abundant availability of solar energy is fueling the adoption of light energy harvesting technology, which can have a positive impact on the overall market. Sales of energy harvesting systems are expected to be high in Europe throughout the forecast period, thanks to government initiatives to encourage research and development of energy harvesting technologies.
Some of the key players in the market are Texas Instruments, STMicroelectronics, Fujitsu, Cypress Semiconductor Corp., Cymbet Corporation, and Linear Technologies.
Radiant Insights, Inc. offers a plethora of tailor-made and syndicated reports for various domains, including healthcare, chemicals, medical devices, energy, materials, and technology. Each report is collated using data from both primary and secondary types of research.
About Radiant Insights, Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com
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