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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Increasing awareness on how to conserve energy coupled with the initiatives undertaken by the government to conserve power has resulted in the rise in demand for energy harvesting systems. A rise in the demand for clean, safe, power-efficient, and durable energy harvesting systems will also create more scope for growth in the market. Extensive adoption and implementation of IoT in automation and energy harvesting will also provide lucrative growth opportunities.
The high initial investment would hammer down the rate of growth for the energy harvesting system market. Also, a lack of awareness of this technology would slow down the market growth rate. The absence of standards and protocols coupled with the limitations of remotely installed networking modules will also pose a big-time challenge for the market.
Applications for Energy Harvesting:
- Remote corrosion monitoring systems
- Implantable devices and remote patient monitoring
- Structural monitoring
- RFID
- Internet of Things (IoT)
- Equipment monitoring
Technology
- Vibration Energy Harvesting
- Thermal Energy Harvesting
- Radio Frequency Energy Harvesting
- Light Energy Harvesting