The market is segmented on the basis of application into building & home automation, consumer electronics, industrial, transportation, and security. The energy harvesting market in the building & home automation application is expected to hold the leading position by 2022 owing to the increasing adoption of smart homes in several countries.
The market is expected to grow from USD 268.6 million in 2015 to USD 974.4 million by 2022, at a CAGR of 19.6% between 2016 and 2022
Some of the uses of energy harvesting in building & home automation are in lighting systems, switches, thermal sensors, occupancy sensors, switch keys, safety & security systems, and climate control sensors. The industrial wireless sensor networking application of energy harvesting holds the second-largest market share. The growth of the industrial application is prominent in North America and Europe.
Source : Globe News Wire
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