IndustryARC’s recent report estimates that the global [FURL=https://www.industryarc.com/PressRelease/1667/Energy-Harvesting-Market-Research-Analysis.html]Energy Harvesting Market[/FURL] stood at a value of $278.19 million in 2018. The analyst states that growing inclination towards the Internet of Things (IoT) devices necessitates convenient ways of its applications, also complying with energy efficiency which is achieved by deploying innovative and revolutionary energy harvesting systems. Wireless sensor network (WSNs) technology collaborated with energy scavenging methods offers solution which requires less human interference and automation technique significantly saving valuable energy utilized, subsequently generating huge demand in the global market. This shows the essentiality of power harvesting systems globally, experiencing a demand pull inflation which is evaluated to grow at a robust CAGR of 18.48% through to 2025.Global Energy Harvesting Market: Disruptive Trends and Growth Drivers
The deployment of IoT devices on a large scale generates huge demand for necessary sensor networks for connecting and synchronizing on a single platform, which relies heavily on battery power for operating which is one of the major constraint for IoT integrated networking. Energy harvesting captures energy from ambient sources and supplies it to the devices thus offering a sustainable solution for increasing the lifetime of IoT devices without relying on battery backup. Consequently, the development of IoT technologies will provide a boost for global energy harvesting market growth.
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lobal Energy Harvesting Market: Competitive Landscape:
Europe is dominating the global energy harvesting market with a huge regional share of 36.4% in 2018. As per the report, this domination was driven by growing commercial and residential building automation, increasing preference for IoT devices, and green energy trend in this region. The home and building automation segment under end-user application of the market is projected to experience 16.14% CAGR during the forecast period 2019-2025.
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