IoT has gained momentum in all industrial sectors

Dublin, November 03, 2021 (GLOBE NEWSWIRE) – The “Energy Harvesting Systems Market Size, Share and Trend Analysis Report by Technology (Lights, Vibration), Vibration Technology (Piezoelectric, Electrostatic), by Component, by Application and Segment Forecast report, 2020-2028 “has been added to ResearchAndMarkets.com offer.

The global energy recovery systems market size is projected to reach USD 986.3 million by 2028 and is expected to grow at a CAGR of 10.2% from 2020 to 2028

The increased spending in infrastructure and industry development is expected to have a positive impact on the world market during the projected period.

The COVID-19 pandemic has caused a lot of disruption in the market. However, mobility and economic activity are expected to accelerate over time. This is expected to increase the commercial and industrial demand for the deployment of Internet of Things (IoT) projects, which will increase the demand for energy harvesting systems in the future.

The IoT has gained momentum across all industrial sectors including automotive, energy, defense, consumer electronics, and healthcare, among others. The growing preference for delivering personalized, data-centric experiences to customers is pushing companies to connect as many devices as possible to collect more consumer-related data.

Europe accounted for the maximum share of global income in 2020 due to the supportive policies of the European Union. European countries are investing and focusing on the maximum use of IoT to drive the advancement of technology in various end-use sectors in the region, such as home automation, lighting, industry and automated reading of devices. counters.

Highlights of the Energy Recovery Systems Market Report

  • The market is highly fragmented as it comprises different categories of technology, application and service providers.

  • The industrial application type segment accounted for the largest revenue share of over 30% in 2020.

  • The vibration technology segment dominated the global market in 2020 with a revenue share of over 32%.

  • Government programs aim to promote the installation of products in industrial, residential and commercial applications.

  • These systems can be operated on-grid or off-grid depending on the application and location.

  • Additionally, the multiple advantages of these systems over conventional power generation methods are expected to fuel the market growth.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Variables, Trends and Scope of Energy Recovery Systems Market

Chapter 4. Energy Recovery Systems Market: Technology Estimates and Trend Analysis

Chapter 5. Energy Harvesting Systems Market: Vibration Technology Estimates and Trend Analysis

Chapter 6. Energy Harvesting Systems Market: Component Estimates and Trend Analysis

Chapter 7. Energy Harvesting Systems Market: Application Estimates and Trend Analysis

Chapter 8. Energy Recovery Systems Market: Regional Estimates and Trend Analysis

Chapter 9. Competitive analysis

Chapter 10. Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/d46h0c

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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About Shirley L. Kreger

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