Europe Energy Harvesting Market Size – By Source, By Component (Energy Harvesting Transducer, Power Management Integrated Circuits (PMIC)), By End Use, Growth Forecast, 2024 – 2032

Europe Energy Harvesting Market Size

Europe Energy Harvesting Market was valued at USD 123 million in 2023 and is projected to observe around 8.3% CAGR from 2024 to 2032. Increasing demand for sustainable energy solutions along with rising advancements in IoT and wireless sensor networks is propelling the industry growth in the region.
 

Energy harvesting technologies that convert ambient energy into usable electrical power are gaining traction as they align with the EU's stringent environmental regulations and green energy targets. Moreover, the energy harvesting solutions offer a viable alternative to traditional batteries for powering IoT devices, ensuring long-term operation without the need for frequent battery replacements, thereby enhancing efficiency and reducing maintenance costs.

Europe Energy Harvesting Market Trends

European governments are actively supporting research and development in energy harvesting technologies through various initiatives and funding programs. This support is aimed at fostering innovation, accelerating commercialization, and ensuring that the region is witnessing a higher growth trajectory, thereby completing the industry scenario. In addition, innovations in materials science, particularly in piezoelectric, thermoelectric, and photovoltaic materials are driving the efficiency and effectiveness of energy harvesting technologies. These advancements are enabling more robust and reliable energy harvesting solutions, making them viable for a broader range of applications, including in harsh environments.
 

Europe Energy Harvesting Market Analysis

Based on source, the regional solar industry is anticipated to surpass USD 80 million by 2032, on account of the decreasing costs of solar panels and associated equipment, significantly transforming the business landscape. Furthermore, the widespread integration of energy storage solutions is effectively addressing the intermittency of solar power, thereby enhancing overall reliability of solar energy harvesting across the region.
 

Based on the end-use, the building automation vertical is set to grow at a CAGR of over 8% through 2032. The rising importance of energy harvesting in building automation is essential, promoting the creation of more sustainable, energy-efficient, and eco-friendly buildings. Additionally, as technological advancements continue, the integration of energy harvesting solutions is set to significantly impact the future direction of the building automation energy harvesting industry.
 

The Germany energy harvesting industry will cross over USD 62 million by 2032. The versatility of energy harvesting technologies is particularly resonating across key sectors such as automotive, industrial automation, and smart infrastructure. The country’s robust automotive industry is increasingly adopting energy harvesting solutions to power sensors and electronic components in electric vehicles (EVs), enhancing energy efficiency and reducing dependency on conventional power sources, thereby augmenting the market growth through sustainable practices.

The adoption of energy harvesting technologies is gaining momentum, particularly in sectors like healthcare, consumer electronics, and renewable energy. The UK's burgeoning healthcare industry sees significant potential in energy harvesting for powering wearable devices and medical sensors, which are critical for remote patient monitoring and advanced diagnostics. In addition, the UK’s focus on renewable energy sources, such as wind and solar, is complemented by energy harvesting technologies that capture and utilize ambient energy, further contributing to the country’s ambitious carbon reduction targets.
 

Europe Energy Harvesting Market Share

The energy harvesting industry in Europe is highly competitive, driven by advancements in various technologies and supported by robust policy frameworks. Major industry players including ABB, Azelio, Fujitsu, Honeywell, Octopus Energy Ltd., among others, holds a significant market as the key players are pushing for more efficient and affordable solutions coupled with a focus on both large-scale and small-scale systems. Moreover, increasing emphasis on introducing innovative IoT solutions along with significant investment in research and development activities shaped by the European Union's commitment to sustainable energy will proliferate the industry outlook.
 

Europe Energy Harvesting Market Companies

Major key players operating across the Europe energy harvesting industry are:

• ABB
• Advanced Linear Devices, Inc.
• Azelio
• EnOcean
• e-peas
• Fujitsu
• Honeywell
• Octopus Energy Ltd.
• Mouser Electronics
• Renesas Electronics Corporation
• STMicroelectronics
• Texas Instruments Incorporated
• ZF Friedrichshafen AG
   

Europe Energy Harvesting Industry News

• In July 2024, Octopus Energy has expanded its solar investments in France by deploying large new solar sheds for energy storage on various farms. The company has enhanced its portfolio by adding 100 solar ventures mounted on rooftop across the farms in France, attributed through the acquisition of Sungen 10 from ELECO. Additionally, the company has plans to collaborate with ELECO and local partners to develop up to 100MW of new rooftop mounted solar ventures across numerous French farms by 2030.
   
• In March 2024, Otium Capital has spearheaded a funding round, injecting over USD 17.5 million into a venture called e-peas. With this capital boost, e-peas aims to expedite the commercial rollout of its Ambient Energy Management (AEM) products. Additionally, the company plans to diversify its product lineup, solidifying its position as a frontrunner in enhancing energy efficiency for electronic devices and propelling market growth.
   

This Europe energy harvesting market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Million’ from 2021 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

Market, By End Use

• Wireless Sensor Networks
• Consumer Electronics
• Building Automation
• Automotive
• Others

The above information has been provided for the following countries:

• Germany
• France
• UK
• Spain
• Italy