Building Automation Energy Harvesting Market Size - By Source (Solar Energy, Vibration & Kinetic Energy, Thermal Energy, Radio Frequency (RF)), By Component (Energy Harvesting Transducer, Power Management Integrated Circuits (PMIC)), & Forecast, 2024 – 2032

Building Automation Energy Harvesting Market Size

Building Automation Energy Harvesting Market was valued at USD 249.5 million in 2023 and is predicted to register more than 8.8% CAGR from 2024 to 2032. The growing demand for energy efficient solutions across buildings coupled with rising integration of energy harvesting solutions with advance building automation systems is propelling the installation the systems.
 

Energy harvesting technologies offer an opportunity to harness ambient energy sources, including solar, thermal, and kinetic energy, to power building automation systems, reducing reliance on traditional grid-based electricity. Additionally, ongoing advancements in energy harvesting technologies, including improvements in solar panels, piezoelectric materials, and thermoelectric generators, are enhancing the efficiency and reliability of energy harvesting systems which in turn are driving increased adoption of energy harvesting solutions in building automation applications.

Building Automation Energy Harvesting Market Trends

Rising concern toward integration of technology with building automation system along with shifting focus on sustainability and green building design are the major growth driving factors. Furthermore, the integration of these systems with building automation systems, including HVAC allows buildings to become more energy-efficient and self-sustaining, reducing operational costs and environmental impact. For instance, in 2023, the U.S. government allocated over USD 370 billion to clean energy and climate change efforts including tax incentives for renewables developers. Incentive programs and mandates encourage building owners and developers to incorporate energy harvesting solutions into their projects, further accelerating market growth.
 

Building Automation Energy Harvesting Market Analysis

The solar energy harvesting building automation energy harvesting industry accounted for over 30% revenue share of the global market in 2023. Persistent decrease in the installation and operating costs, coupled with energy savings and reduced maintenance requirements of solar based energy source will further propel the business scenario over the forthcoming period. In addition, energy-efficient buildings equipped with energy harvesting technologies can achieve green building certifications, such as LEED (Leadership in Energy and Environmental Design), demonstrating a commitment to environmental stewardship, which in turn will add growth prospects to the industry.
 

The energy harvesting transducers segment is set to grow at over 8.5% CAGR through 2032. The expanding emerging markets in developing nations, alongside the rise in rural and off-grid applications, are set to bolster the business landscape. These emerging markets, often lacking access to dependable power sources, are realizing the advantages of energy harvesting transducers for powering vital devices and infrastructure.
 

North America building automation energy harvesting market is forecasted to exceed USD 170 million by 2032. The rise in renewable energy initiatives, coupled with the growing demand for sustainable buildings in countries like the U.S. and Canada, is expected to enhance the market landscape. Government incentives, tax credits, and rebates across various levels are incentivizing the uptake of renewable energy sources, including energy harvesting technologies. Moreover, the availability of financial stimulus packages primarily across wind, solar, among other forms of energy harvesting is fuelling the construction & retrofitting of green buildings to minimize energy usage and carbon emissions will cater to the industry growth.
 

Building Automation Energy Harvesting Market Share

With increasing emphasis on sustainability and energy conservation, companies are competing to offer building automation solutions that maximize energy efficiency. Industry players are focusing on developing systems that efficiently capture and utilize renewable energy to supplement traditional power sources, further reducing reliance on the grid and lowering carbon emissions. ABB, Honeywell, Fujitsu, and ZF Friedrichshafen AG holds significant position on account of their vast expertise in engineering along with diversified product portfolio and global presence.
 

Building Automation Energy Harvesting Market Companies

Some of the key market players operating across the industry are:

• ABB
• Advanced Linear Devices, Inc.
• Cedrat technologies
• EnOcean GmbH
• Fujitsu
• Honeywell
• Kinergizer
• Laird Connectivity
• Mide Technology Corp.
• Mouser Electronics
• Perpetua Power
• Powercast Corporation
• Renesas Electronics Corporation
• STMicroelectronics
• Texas Instruments Incorporated
• ZF Friedrichshafen AG
   

Building Automation Energy Harvesting Industry News

• In October 2023, the U.S. government's announcement of plans for more than 94 gigawatts (GW) of new clean power generation projects, representing an investment exceeding USD 133 billion, is expected to positively influence market growth in the forecast period.
   
• In December 2022, the Indian government announced plans for an investment of over USD 25 billion in the renewable energy sector, which includes the adoption of advanced technologies such as solar equipment, electric vehicles, and energy storage solutions.
   

This building automation energy harvesting market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Million’ from 2019 to 2032, for the following segments:

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Market, By Source

• Solar Energy
• Vibration & Kinetic Energy
• Thermal Energy
• Radio Frequency (RF)
• Others

Market, By Component

• Energy Harvesting Transducer
• Power Management Integrated Circuits (PMIC)
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
• Latin America
  • Brazil
  • Argentina