October 8, 2013
Converting ambient energy to useable electrical energy, energy harvesting (EH) systems offer an inexpensive and compact way to power portable electrical devices that, in many cases, rely heavily on batteries. In the near future, EH technology will power an increasing number of consumer and industrial products that are untethered or need to become disconnected from electrical outlets. According to a new report from Navigant Research, sales of energy harvesting devices will grow from less than 10 million units in 2013 to 18.7 million units by 2020.
“Consumers and industries alike consider the environmental and economic costs of changing and maintaining batteries to be excessive,” says Eric Woods, research director with Navigant Research. “It is just a matter of time before they are no longer willing, economically or otherwise, to change and maintain batteries to the extent that they have traditionally done, and move toward increasingly available energy harvesting technology.”
The energy sources available for EH include electromagnetic radiation, thermal energy, and mechanical energy. The technologies used for the transduction of these energy sources into useable electrical energy include photovoltaic (PV), thermoelectric, piezoelectric, and electromagnetic. Improvements in low-power technology such as very large-scale integration, microelectromechanical systems, and wireless communications have made it possible for these technologies to be put to use in commercial products in the consumer and industrial sectors.
The report, “Energy Harvesting”, analyzes existing and emerging EH 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 study also includes extensive technology segmentation that shows key implementation strategies for the most common EH technologies operating in portable, pervasive, and autonomous systems. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Richard Martin
* 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.