Energy harvesting market is in the nascent yet sophisticated technologies based on deep-rooted scientific theory. Energy harvesters, such as photovoltaic harvesters market, are a full-grown, well-established technology. However, few new harvesting technologies have been seen in the last 10 years. Energy harvesting offers a wide range of application. The energy conversion principles are indisputable and have been working for decades; their applications remained restricted to limited industry domains and heavy engineering.
The global energy harvesting market was worth USD 326 million in 2011 and reached USD 520 million in 2012. The market is expected to grow at a CAGR of 43.6% from 2013 to 2019. The Americas market was worth USD 255 million in 2012 and is expected to grow at a CAGR of 41.2% from 2013 to 2019.
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As a segment, EMEA (Europe, the Middle East and Africa) was estimated at USD 114 million in 2012 and is expected to grow at a CAGR of 42.6% from 2013 to 2019. Germany currently leads energy harvester market in the EMEA segment and is expected to continue so till 2017. The German market is expected to grow at a CAGR of 39.4% from 2013 to 2019.
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