In a volatile market and with rapidly developing technology, future expectations can range widely. This is certainly true for energy harvesting today. In 2012, one report forecast, “The global market is expected to reach $1894.87 million by 2017 at an estimated CAGR of 24.31%.”
A year later another report projected, “Energy harvesting market worth $4.2 billion by 2019 global industry analysis, size, share, growth, trends, and forecast, 2012 – 2018.”
A more recent analysis, “Energy Harvesting Market: Global Industry Analysis and Opportunity Assessment 2014 – 2020,” avoids the numbers in its title and its promotion. This report’s projections as others rely on what the definition, inclusion and exclusion factors for energy harvesting. Application segments include: wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military & aerospace, automotive, healthcare and others (research, animals, farming, etc.). Analyzed technologies include: radiation (solar, electromagnetic and light, etc.), mechanical (fluid, elastic, kinetic and potential), chemical (battery, fuel cells and phase change), nuclear, magnetic, electric, thermal and gravitational.
For more information about the latest forecast, click here.