MEMS Energy Harvesting Devices Market size to grow by USD 51.72 Million | Driven by increasing usage of alternatives such as micro batteries

NEW YORK, Feb. 14, 2022 /PRNewswire/ — According to the research report “MEMS Energy Harvesting Devices Market by Application and Geography – Forecast and Analysis 2022-2026“, the market will witness a YOY growth of 5.67% in 2021 and accelerate at a CAGR of 6.49% during the forecast period. The report is segmented by application (building and home automation, industrial, consumer electronics, defense, and others) and geography (Europe, North AmericaAPAC, MEA, and South America).

Attractive Opportunities in MEMS Energy Harvesting Devices Market by Application and Geography – Forecast and Analysis 2022-2026

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Vendor Insights

The global MEMS energy harvesting devices market is fragmented. The market is characterized by the presence of several industry-focused and diversified vendors that are indulged in manufacturing MEMS energy harvesting devices for different applications. Vendors are deploying various organic and inorganic growth strategies to compete in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.

  • Analog Devices Inc.

  • Cymbet Corp.

  • EH 4 GmbH

  • EnOcean GmbH

  • Fujitsu Ltd.

  • Holst Center

  • Lam Research Corp.

  • Parker Hannifin Corp.

  • STMicroelectronics NV

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Geographical Market Analysis

North America will provide maximum growth opportunities in MEMS energy harvesting devices market during the forecast period. According to our research report, the region will contribute to 36% of the global market growth and is expected to dominate the market through 2026. The US is the key market for MEMS energy harvesting devices in North America. Market growth in this region will be faster than the growth of the market in other regions.

Germany, Chinathe UK, and the Netherlands are expected to emerge as prominent markets for MEMS energy harvesting devices during the forecast period.

Key Segment Analysis

The MEMS energy harvesting devices market share growth by the building and home automation segment will be significant during the forecast period. The segment is driven by the increasing usage of MEMS energy harvesting devices in building and home automation devices in developed regions such as Europe and North America. Also, the increasing number of smart homes is driving the growth of the segment.

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Key Market Drivers & Challenges:

The MEMS energy harvesting devices market is primarily driven by the increasing usage of alternatives such as micro batteries. End-users are replacing conventional micro-batteries with MEMS energy harvest followed by the developments in wireless communication technologies. Also, the advent of cost-effective and low-power wireless devices has increased the use of MEMS energy harvesting devices as micro batteries have a limited extent. Thus, the increasing replacement of batteries with MEMS energy harvesting devices will drive the growth of the market in focus during the forecast period.

However, the challenges associated with piezoelectric MEMS energy harvesters will impede the growth of the market. Piezoelectric MEMS energy harvesters with high resonant frequency require high ambient energy sources are less favorable, as the harvesters cannot be used in less ambient environments. Additionally, the two biggest challenges for the technology are the need for higher power density and wider bandwidth. These challenges can lead to reduced usage of piezoelectric MEMS energy harvesters. These factors will negatively influence the growth of the market during the forecast period.

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MEMS Energy Harvesting Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.49%

Market growth 2022-2026

USD 51.72 million

Market structure

Fragmented

YoY growth (%)

5.67

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, China, UK, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Analog Devices Inc., Cymbet Corp., EH 4 GmbH, EnOcean GmbH, Fujitsu Ltd., Holst Centre, Lam Research Corp., Parker Hannifin Corp., and STMicroelectronics NV

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Size

Five Forces Analysis

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Building and home automation – Market size and forecast 2021-2026

  • Industrial – Market size and forecast 2021-2026

  • Consumer electronics – Market size and forecast 2021-2026

  • Defense – Market size and forecast 2021-2026

  • Others – Market size and forecast 2021-2026

  • Market opportunity by Application

customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market size and forecast 2021-2026

  • North America – Market size and forecast 2021-2026

  • APAC – Market size and forecast 2021-2026

  • MEA – Market size and forecast 2021-2026

  • South America – Market size and forecast 2021-2026

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

Appendix

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

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