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Building Automation Energy Harvesting Market Trends

Report ID: GMI8269
Published Date: Feb 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of building automation energy harvesting was reached USD 249.5 million in 2023 and is projected to showcase around 8.8% growth rate through 2032, driven by a growing demand for energy efficient solutions for buildings.

Energy harvesting transducers segment of building automation energy harvesting industry is set to grow at over 8.5% CAGR through 2032, owing to the rise in rural and off-grid applications.

North America building automation energy harvesting market revenue is predicted to surpass USD 170 million by 2032, attributed to rise in renewable energy initiatives, coupled with the growing demand for sustainable buildings.

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, and ZF Friedrichshafen AG.