info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

US Energy Harvesting Market Research Report By Energy Source (Chemicals, Mechanicals, Electrical, Nuclear), By Technology (Electrodynamics, Photovoltaic, Thermoelectric) and By Application (Consumer Electronics, Industrial, Automotive, Healthcare) - Forecast to 2035


ID: MRFR/E&P/13305-HCR | 100 Pages | Author: Snehal Singh| December 2023

US Energy Harvesting Market Overview:


As per MRFR analysis, the US Energy Harvesting Market Size was estimated at 58.8 (USD Million) in 2023. The US Energy Harvesting Market Industry is expected to grow from 65.1(USD Million) in 2024 to 194.4 (USD Million) by 2035. The US Energy Harvesting Market CAGR (growth rate) is expected to be around 10.457% during the forecast period (2025 - 2035).


Key US Energy Harvesting Market Trends Highlighted


The US Energy Harvesting Market is experiencing significant trends driven by the increasing focus on renewable energy and sustainability. One key market driver is the growing demand for energy-efficient solutions across various sectors, including industrial, commercial, and residential. With the US government promoting policies aimed at enhancing energy efficiency and reducing carbon emissions, businesses and households are increasingly adopting energy harvesting technologies to power small electronic devices and sensors, thus reducing their reliance on conventional energy sources. This trend has been further supported by advancements in energy harvesting technologies, such as piezoelectric devices, thermoelectric generators, and solar cells, which have become more efficient and cost-effective.


Opportunities to be explored in the US market include the integration of energy harvesting systems into the Internet of Things (IoT) applications. As smart devices proliferate, there is a significant opportunity to utilize ambient energy sources for power, thus extending device lifetimes and reducing maintenance costs. Additionally, the aging infrastructure in various regions of the US presents an opportunity for energy harvesting technologies to enhance energy efficiency in power grids and transportation systems.


Recent trends indicate an increased interest in decentralized energy solutions, with more consumers looking for self-sustaining technologies that contribute to energy independence.Community-driven projects that focus on local energy harvesting initiatives are also emerging, highlighting a shift toward localized energy production. The awareness of energy harvesting's potential benefits is growing among stakeholders, creating a conducive environment for innovation and investment in this sector within the US.


US Energy Harvesting Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Energy Harvesting Market Drivers


Rising Demand for Renewable Energy Sources


The push towards sustainable energy solutions is one of the primary drivers of the US Energy Harvesting Market Industry. According to the United States Department of Energy, renewable energy sources contributed to approximately 20% of the country's total energy use in 2020, a figure that is expected to rise significantly. The transition to renewable energy is supported by various federal incentives and regulations, such as the Investment Tax Credit and the Production Tax Credit, which encourage the utilization of solar and wind energy.


The increased investments in renewable technologies also create opportunities for energy harvesting solutions, enabling the capture and utilization of ambient energy. Organizations like the American Wind Energy Association are actively advocating for the expansion of wind energy, and the Solar Energy Industries Association promotes solar adoption, both fostering an environment conducive to the growth of the US Energy Harvesting Market Industry.


Technological Advancements in Energy Harvesting Solutions


Technological innovations in energy harvesting technologies significantly propel the US Energy Harvesting Market Industry forward. The National Renewable Energy Laboratory has been conducting extensive Research and Development in energy harvesting technologies, identifying various applications such as energy harvesting from vibrations, thermal gradients, and solar energy conversion. These advancements enhance the efficiency and effectiveness of energy harvesting solutions, making them more appealing to consumers and businesses alike.With the introduction of new materials and components that increase the energy conversion rates, the market is witnessing a surge in the adoption of energy harvesting technologies across various sectors including consumer electronics and industrial applications.


Government Policies Promoting Clean Energy Transition


The commitment of the US government to promote clean energy through policy frameworks is a significant driver for the US Energy Harvesting Market Industry. The Biden Administration has announced intentions to achieve a carbon-free power sector by 2035, which includes a range of policies aimed at increasing investment in energy-efficient technologies and infrastructure. The Energy Policy Act of 2005, alongside recent proposals for increased funding for clean energy technologies, reflects the acceleration of a favorable regulatory environment.Such initiatives are expected to attract substantial investments into energy harvesting technologies, driving market growth as companies align with national objectives to reduce greenhouse gas emissions.


US Energy Harvesting Market Segment Insights:


Energy Harvesting Market Energy Source Insights


The Energy Source segment within the US Energy Harvesting Market showcases a diverse range of technologies that are essential for capturing and utilizing energy from various sources. This segment is gaining traction due to the growing demand for sustainable energy solutions and the increasing focus on reducing carbon emissions. It comprises diverse categories such as Chemicals, Mechanicals, Electrical, and Nuclear, each playing a critical role in defining the landscape of energy harvesting technologies.


The Chemical energy sector is particularly significant as it encompasses processes that convert chemical energy into usable power, which is vital for small-scale applications and contributes greatly to portable energy solutions.Meanwhile, the Mechanical energy segment captures kinetic energy from movements, making it vital for systems that leverage human or environmental movements, thus enhancing energy efficiency in several sectors including consumer electronics and smart buildings. The Electrical energy component stands out as it relates to systems that harvest energy from ambient sources such as light, temperature differences, or electromagnetic fields, positioning it at the forefront of innovation in energy harvesting technologies.


Lastly, the Nuclear sector remains a pivotal player, offering a consistent and high-output energy source; it is characterized by its reliability and potential for significant energy production while contributing to long-term energy sustainability.Overall, the Energy Source segment is becoming increasingly paramount within the US Energy Harvesting Market, driven by advancements in technology, stringent regulatory frameworks mandating cleaner energy sources, and a robust push towards decentralized energy systems, enhancing both efficiency and resilience in energy supply.


Emerging innovations and market drivers will likely continue to redefine these segments, leading to more effective and varied applications across multiple industries. The US government's support for renewable energy initiatives also plays a substantial role in propelling the growth of these energy sources, solidifying their importance in the broader context of energy harvesting.As the market continues to evolve, the Energy Source segment stands as a foundational pillar in the transition towards a more sustainable energy landscape in the country.


US Energy Harvesting Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Energy Harvesting Market Technology Insights


The US Energy Harvesting Market within the Technology segment is experiencing notable growth, driven by advancements in various energy extraction methods. Electrodynamics plays a critical role by utilizing motion and vibration to convert mechanical energy into electrical energy, making it essential for powering sensors and small devices in sectors like automotive and industrial applications. Photovoltaic technology dominates the market by harnessing solar energy, reflecting the growing emphasis on renewable energy sources, particularly in residential and commercial solar installations across the US.


This reflects an increasing acceptance of sustainable practices among consumers and businesses alike. Thermoelectric energy harvesting, which converts temperature differentials into electrical energy, is gaining traction as it aids in power generation from waste heat in industrial processes, contributing to energy efficiency. The US government supports these technologies through various initiatives aimed at promoting renewable energy and reducing dependence on fossil fuels, thus boosting innovation and adoption in the industry. The overall landscape underscores a significant shift towards cleaner energy sources, indicating robust potential for growth and opportunity in the Energy Harvesting Market in the coming years, driven by technological advancements and supportive policies.


Energy Harvesting Market Application Insights


The Application segment of the US Energy Harvesting Market encompasses various sectors, prominently including Consumer Electronics, Industrial, Automotive, and Healthcare. Each of these fields contributes significantly to the evolving landscape of energy harvesting technology. Consumer Electronics is one of the standout areas, as the increasing demand for smart, wireless devices drives innovation and integration of energy harvesting solutions to enhance efficiency and user experience. In the Industrial sector, the implementation of energy harvesting technologies is crucial, as it aids in powering remote sensors and machinery, thus reducing dependency on conventional power sources and minimizing operational costs.


The Automotive sector stands out for its potential to harness energy through kinetic systems, which can significantly enhance vehicle efficiency and sustainability. Healthcare also plays an integral role with the growing need for self-sustaining medical devices that operate without frequent battery changes, leading to improved patient outcomes and operational efficiencies. The trends in this sector are driven by the push towards sustainability and the need to reduce environmental impact, positioning the US Energy Harvesting Market for robust growth across these diverse applications as technological advancements continue to evolve and opportunities expand.The market growth is supported by increasing government initiatives promoting energy efficiency and renewable energy adoption.


US Energy Harvesting Market Key Players and Competitive Insights:


The US Energy Harvesting Market presents a dynamic and competitive landscape characterized by innovation, technology advancements, and strategic collaborations among key players. With the increasing demand for sustainable energy solutions, organizations are focusing on efficient energy capture and storage technologies. This sector encompasses various applications, including wireless sensor networks, wearable devices, and industrial IoT systems, all requiring energy-efficient and reliable power sources. The competition is fierce, with multiple entities vying for market share, driven by the growing emphasis on reducing carbon footprints and enhancing energy efficiency.


The vigorous competition can be attributed to a mix of established firms and emerging startups, all contributing to the advancement of energy harvesting technologies.In the context of the US Energy Harvesting Market, Microchip Technology stands out due to its robust product offerings and extensive market presence. The company has a focus on developing innovative microcontrollers and embedded solutions that facilitate energy harvesting for various applications. Its strengths lie in its strong research and development capabilities, allowing it to pioneer efficient energy solutions tailored for low-power devices.


Microchip Technology’s deep expertise in analog semiconductors and power management enhances its competitive edge, enabling the company to provide integrated solutions that optimize energy usage and efficiency. This strong foothold in the US market is further solidified by their commitment to customer support and technical expertise, making them a preferred choice for businesses looking to adopt energy harvesting technologies.Texas Instruments, another significant player in the US Energy Harvesting Market, leverages its expertise in analog and embedded processing to deliver innovative energy harvesting solutions.


The company offers a comprehensive range of products, including energy management ICs, microcontrollers, and power supplies that are crucial for efficient energy harvesting applications. Texas Instruments has established a strong market presence driven by its technical innovation and customer-centric approach. The firm’s strengths include its broad portfolio that caters to various industries, ensuring versatility in energy applications. Texas Instruments continues to expand its market reach, actively engaging in strategic partnerships and collaborations while also focusing on mergers and acquisitions to bolster its position. The ongoing expansion of its product line and technological advancements further enhance its reputation as a leading player in the US Energy Harvesting Market.


Key Companies in the US Energy Harvesting Market Include:



  • Microchip Technology

  • Texas Instruments

  • Powercast

  • Cypress Semiconductor

  • Imec

  • Honeywell

  • Energous

  • Maxim Integrated

  • Sierra Wireless

  • Siemens

  • Vishay Intertechnology

  • EnOcean

  • Analog Devices

  • STMicroelectronics

  • Nordic Semiconductor


US Energy Harvesting Market Industry Developments


In recent months, the US Energy Harvesting Market has witnessed notable developments with a significant focus on innovation and strategic partnerships among key players. Microchip Technology and Texas Instruments have been actively enhancing their energy harvesting solutions, targeting applications in consumer electronics and the Internet of Things. The market has seen growth in demand for sustainable energy solutions, strongly influenced by government initiatives promoting renewable energy. Moreover, Powercast and Energous are at the forefront of wireless power transmission technologies, bolstering their market presence.


Currently, there are discussions around possible mergers or acquisitions among companies such as Honeywell and Siemens, with interest in expanding their portfolios in energy-efficient technologies. The valuation of major firms like Analog Devices and STMicroelectronics has surged, driven by increasing investments in Research and Development. Over the past couple of years, regulatory frameworks favoring energy harvesting advancements have been implemented, particularly emphasizing smart cities and autonomous devices. As of September 2023, the sector continues to gain traction among stakeholders, reinforcing the commitment to innovation and sustainability in energy management solutions across the US.


US Energy Harvesting Market Segmentation Insights



  • Energy Harvesting Market Energy Source Outlook

    • Chemicals

    • Mechanicals

    • Electrical

    • Nuclear



  • Energy Harvesting Market Technology Outlook

    • Electrodynamics

    • Photovoltaic

    • Thermoelectric



  • Energy Harvesting Market Application Outlook

    • Consumer Electronics

    • Industrial

    • Automotive

    • Healthcare



Report Attribute/Metric Source: Details
MARKET SIZE 2018 58.8(USD Million)
MARKET SIZE 2024 65.1(USD Million)
MARKET SIZE 2035 194.4(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 10.457% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Million
KEY COMPANIES PROFILED Microchip Technology, Texas Instruments, Powercast, Cypress Semiconductor, Imec, Honeywell, Energous, Maxim Integrated, Sierra Wireless, Siemens, Vishay Intertechnology, EnOcean, Analog Devices, STMicroelectronics, Nordic Semiconductor
SEGMENTS COVERED Energy Source, Technology, Application
KEY MARKET OPPORTUNITIES Wearable technologies for health monitoring, Renewable energy integration solutions, IoT devices energy management, Smart buildings energy optimization, Low-power electronics for devices
KEY MARKET DYNAMICS growing demand for renewable energy, advancements in energy storage technology, increased investment in smart grids, government incentives for energy efficiency, expanding applications in IoT devices
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Energy Harvesting Market is expected to be valued at 65.1 million USD in 2024.

By 2035, the US Energy Harvesting Market is expected to reach a valuation of 194.4 million USD.

The expected CAGR for the US Energy Harvesting Market from 2025 to 2035 is 10.457%.

The Electrical sub-segment is projected to have the highest value at 72.3 million USD in 2035.

The Chemicals sub-segment is valued at 15.6 million USD in 2024.

Major players include Microchip Technology, Texas Instruments, Powercast, Cypress Semiconductor, and Honeywell among others.

The Nuclear sub-segment is expected to reach a value of 44.1 million USD by 2035.

There is significant growth opportunity in the Electrical energy source segment, which is expected to grow substantially by 2035.

The current global scenarios may influence market dynamics, but specific impacts should be closely monitored as the industry evolves.

The Mechanicals sub-segment is anticipated to reach a value of 31.2 million USD by 2035.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
report-img