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 The global energy harvesting systems market is estimated to grow at a CAGR of 12.1% during the forecast period, 2021-2026, and cross the $1 Billion mark by 2026, from around $615 million in 2020. Energy harvesting devices helps in energy conservation which are been dissipated in terms of heat, light, sound, vibration, or movement.  Devices aids in harvest or scavenge energy can capture, accumulate, store, condition, and manage this energy into electricity for further consumption. Although the market shall witness a slight downturn of around -4% in 2020 due to the impact of COVID-19, the market shall bounce back in 2021 on the back of strong consumer demand in electronics and industry verticals such as Oil and Gas, Manufacturing etc. Governments and favorable public initiatives are the major drivers for energy harvesting market growth. Public actors consider energy harvesting as a key tool for meeting the rising energy demand and saving energy. The imperative to face the issu...

According to the Consumers International Organization, globally, with the advent of the Internet of Things (IoT) nearly four billion people will join the network of the connected devices by 2020. IoT transformation has changed the energy-driven consumer electronic devices, thereby encouraging the use of efficient energy harvesting systems throughout the world. The global energy harvesting market was valued at 278.19m in 2018, after gaining traction through wide application in various electronic equipment such as wearable, smartphones, wireless sensor networks (WSNs), and many others. There is a huge gap between the energy required to operate these devices and the energy available in the global scenario. This implicates the necessity for harvesting energy to bridge the gap, consequently pushing forth the global energy harvesting system market growth. The energy harvesting systems market is projected to grow at a robust CAGR of 18.48% through to 2025. Multifarious industries such as med...