Global Vibration Energy Harvesting Systems Market By Product (Nonlinear Systems, Rotational Systems & Linear Systems,), By Application (Transportation, Power Generation, Industrial, Building & Home Automation & Others), By Region, Competition, Forecast & Opportunities, 2027

Global vibration energy harvesting systems market shows growth around USD136

Field of vibration energy harvesting has intrigued noteworthy significance for low power and portable energy sources, credited to fast advancement and mass utilization of portable electronic gadgets. Such energy harvesting systems are registering massive growth, on account of growing desire to create portable and wireless electronic gadgets with extended lifetime

COVID-19 pandemic was a major setback for the whole world’s economy. Each country was affected by its effect on large scale. In turn, globally the economy based on vibration energy harvesting system was affected too. Since the whole world was observing a lockdown, industries and markets were not functional. Vibration energy systems were shut down, and there was no production, distribution, that was carried on. Thus, the market suffered some loss. Although, introduction of vaccines, treatments and quick control over the situation somehow helped the market gain its growth rate in the consecutive years.

Global Vibration Energy Harvesting Systems Market Segment Insights

In terms of application, global vibration energy harvesting systems market has been categorized into Transportation, Power Generation, Building & Home Automation, Industrial, Automotive and Healthcare & Medical application. The transportation category accounted for the largest market share of 28.51% in the global vibration energy harvesting systems market in 2019. The growth of the transportation category is being majorly driven by increasing demand for vehicles and development of transportation infrastructure.

Presence of vibration energy harvesting systems in the healthcare sector is marginal; however, it is expected to witness a healthy growth during the forecast period. Vibration energy harvesting innovations present important social advantages when applied to the healthcare sector. Many associations are currently working towards developing an automated pacemaker that will convert kinetic energy from the pulsating of the human heart into electrical energy. The gadget would empower self-charging systems by the body's vibration.

Global Vibration Energy Harvesting Systems Market Regional Insights

North America vibration energy harvesting systems market accounted for a major share of the global market in 2021, owing to high penetration of vibration energy harvesting systems in industrial sectors such as healthcare, transportation, consumer electronics, security, and others. The European market for vibration energy harvesting systems emerged as the second largest market in 2021, on account of favorable government policies across various countries in the region. Moreover, the European Commission is promoting the industry with incentives and investments in R&D of energy harvesting and storage devices, thereby driving the market growth in the region.

Global Vibration Energy Harvesting Systems Market Competitive Landscape

Global vibration energy harvesting systems market is highly competitive in nature. Most of the market players are focusing on technological advancements of the product to specialize in unequivocal application zones. Various players and new businesses are anticipated to penetrate the market notwithstanding the substantial investments required to enter the market, due to the appealing growth opportunities. Some of the major players operating in global vibration energy harvesting systems market are Perpetuum Ltd., STMicroelectronics, Murata Manufacturing Co., Ltd., Kinergizer BV, etc.

Objective of the Study

• To analyze and forecast global vibration energy harvesting systems market size.
• To forecast global vibration energy harvesting systems market based on product, application and regional distribution.
• To identify drivers and challenges for global vibration energy harvesting systems market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global vibration energy harvesting systems market.
• To identify and analyze the profile of leading players operating in global vibration energy harvesting systems market.

Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

Market insights research calculated global vibration energy harvesting systems

Key Target Audience

• Vibration energy harvesting device manufacturers
• Vibration energy harvesting systems developers
• Vibration energy harvesting systems end-user industries
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to vibration energy harvesting systems market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.