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Europe Energy Harvesting Market Trends

Report ID: GMI11290
Published Date: Sep 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

European market for energy harvesting recorded USD 123 million in 2023 and is projected to observe an 8.3% CAGR from 2024 to 2032, due to increasing demand for sustainable energy solutions along with rising advancements in IoT and wireless sensor networks

The building automation end use vertical segment in the Europe energy harvesting market is set to grow at over 8% CAGR through 2032, led by the rising importance of more sustainable, energy-efficient, and eco-friendly buildings.

Germany energy harvesting market will exceed USD 62 million by 2032, due to the versatility of energy harvesting technologies is particularly resonating across key sectors such as automotive, industrial automation, and smart infrastructure.

ABB, Advanced Linear Devices, Inc., Azelio, EnOcean, e-peas, Fujitsu, Honeywell, Octopus Energy Ltd., and Mouser Electronics