Energy Harvesting Market Growth - Projected To Achieve USD 1,895 Million By 2017

Energy harvesting, also referred to as energy scavenging, is a method of storing external energies. These energies are inclusive of wind, solar, heat and others. The energy harvesting market is expected to show decent growth in the coming years. It is likely to achieve around USD 1,895 by 2017. This is due to rapid industrialization and increasing infrastructural investments. For Market Research Report on “Energy Harvesting Market” Visit - The primary factors driving the energy harvesting market are escalating energy saving technologies, boosting governmental support regarding energy harvesting and changing technological trends. However, lack of proper knowledge and huge initial costs with respect to energy harvesting are the major restraining factors for the market. The energy harvesting market can be trifurcated into technologies, applications and geographies. The market, on the basis of technologies, can be divided into electromagnetic energy harvesting, thermoelectric energy harvesting, fluid energy harvesting and light energy harvesting. The energy harvesting market, on the basis of applications, can be divided into automotives, constructions/home automation, manufacturing, bicycle dynamo, wireless sensors, consumer electronics and military & aerospace. Rising demand for energy harvesting from all these sectors is estimated to steer the market further. Geographically, the energy harvesting market can be split into North America, Europe, Asia Pacific and rest for the world (ROW). Europe dominated the market. This was due to the existence of environmental regulations and favorable governmental support in the region. North America is witnessing significant growth. The Asian Pacific energy harvesting market is expected to grow exponentially in the years ahead. This is owing to increasing demand for energy harvesting from China and India. Energy Harvesting Market Information Source: Grand View Research