Energy Harvesting Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 – 2023

An energy harvesting system is a technology that converts the energy from the environment into usable electric power. This system extracts small amounts of energy from the environment that otherwise have been lost in the form of heat, light, sound, or vibration. This process is also known as energy scavenging and is widely used in consumer devices, the medical industry, transportation, the military, and so on. It is an environmentally friendly way of converting energy into electrical power.

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Most low-power electronics, such as remote sensors and embedded devices, are powered by batteries. However, even long-lasting batteries have a limited lifespan and must be replaced every few years. The replacements become costly when there are hundreds of sensors in remote locations. Energy harvesting technologies, on the other hand, provide unlimited operating life for low-power equipment and eliminate the need to replace batteries where it is costly, impractical, or dangerous.

Most energy harvesting applications are designed to be self-sustaining, cost-effective, and to require little or no servicing for many years. In addition, the power is used closest to the source, hence eliminating transmission losses and long cables. If the energy is enough to power the device directly, the application or device powered by the energy can operate batterylessly.

Energy harvesting is beneficial because it provides a means of powering electronics where there are no conventional power sources, eliminating the need for frequent battery replacements and running wires to end applications. By this same token, it opens up new applications in remote locations, underwater, and other difficult-to-access locations where batteries and conventional power are not realistic.

Applications for Energy Harvesting:

  • Remote corrosion monitoring systems
  • Implantable devices and remote patient monitoring
  • Structural monitoring
  • RFID
  • Internet of Things (IoT)
  • Equipment monitoring