Piezoelectric Energy Harvesting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Piezoelectric Energy Harvesting System is the process that converts mechanical energy to electrical energy, depending upon the amount of stress applied in deforming or compressing the material, the type and amount of deformation of the crystal of the material, and the frequency or speed of vibration or compression to the material. Its effect is a reversible process in which material exhibiting direct piezoelectric effect i.e. charge separation due to stress also exhibits the converse piezoelectric effect i.e. the occurrence of stress and strain when the electric field is applied.

MARKET DYNAMICS

The piezoelectric energy harvesting system market is expanding owing to the need to reduce the global carbon emissions. One of the easiest ways to minimize the carbon footprint is to reduce power wastage. As a result, an increase in government and private partner investments along with the stringent regulatory norms will lead to accelerated efforts to harness piezoelectric energy for various applications.

MARKET SCOPE

The ˜Global Piezoelectric Energy Harvesting System Market Analysis to 2031"" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the piezoelectric energy harvesting system market with detailed market segmentation by technology, and component. The global piezoelectric energy harvesting system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading piezoelectric energy harvesting system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

By Technology: The global market is categorized into Light Energy Harvesting, and Electromagnetic Energy Harvesting.
By Component: The global market is categorized into Transducers and Secondary Batteries.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The piezoelectric energy harvesting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 

The report analyzes factors affecting the piezoelectric energy harvesting system market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the piezoelectric energy harvesting system market in these regions. 

IMPACT OF COVID 19

The slowdown across consumer electronics sector has affected the piezoelectric energy harvesting system industry forecast to some extent. Electronics manufacturers were forced to shut down operations temporarily or operate at reduced capacity in light of strict government restrictions. However, the COVID-19 pandemic has had a positive impact on the home automation sector due to stay-at-home restrictions and increased usage of mobile and handheld devices. Growing advances in the building and home automation space will foster the growth of piezoelectric energy harvesting system market over coming years.

MARKET PLAYERS

The report covers vital developments in the piezoelectric energy harvesting system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the piezoelectric energy harvesting system market are anticipated to have lucrative growth opportunities in the future with the rising demand for piezoelectric energy harvesting system market in the global market. Below mentioned is the list of a few companies engaged in the piezoelectric energy harvesting system market. 

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the piezoelectric energy harvesting system market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

• ABB Ltd
• Arveni
• Bionic Power Inc
• ConvergenceWireless
• Cymbet Corporation
• Energy Partners
• EnOcean GmbH 
• Fujitsu Linited
• Powercast Corporation
• Voltree Power Inc

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study."

Piezoelectric Energy Harvesting Report Scope