Home > Energy & Power > Piezoelectric Energy Harvesting System Market
Piezoelectric Energy Harvesting System Market Size
Piezoelectric Energy Harvesting System Market is anticipated to grow at a notable CAGR from 2024 to 2032, driven by expanding application scope to offer higher energy efficiency and significant environmental benefits. Piezoelectric energy harvesting technology is witnessing increasing adoption due to the need for sustainable and durable energy systems with minimal operational costs. It is suited for charging a battery, or supercapacitor, or to directly power remote sensor networks.
Moreover, piezoelectric harvesters or piezoelectric generators are used to convert the vibrational energy that is released into the environment to usable electrical energy. The increasing focus on minimizing carbon footprint by reducing power wastage is expected to propel the market growth. Consequently, an increase in government and private partner investments along with stringent regulatory norms will also lead to accelerated efforts to harness piezoelectric energy for various applications.
Piezoelectric Energy Harvesting System Market Trends
The growing need for energy-efficient electronics is likely to boost the market growth. Lately, the demand for power solutions that reduce reliance on batteries and enable autonomous operation is rising across multiple industries. Piezoelectric systems offer a sustainable alternative, converting ambient vibrations into electricity for wireless sensors, IoT devices, and remote monitoring systems. They also address the increasing demand for energy efficiency in smart buildings, industrial automation, and consumer electronics applications. With several companies striving for eco-friendly and cost-effective solutions, the adoption of piezoelectric energy harvesting systems will further propel.
Piezoelectric Energy Harvesting System Market Analysis
In terms of end-use, the piezoelectric energy harvesting system industry is categorized into wireless switching systems, regenerative energy harvesting systems, wireless sensing & telematics systems, wireless HVAC systems, asset tracking systems, tire pressure monitoring systems, and remote health monitoring systems. The remote health monitoring systems segment is anticipated to witness high demand from 2024 to 2032, driven by mounting investments in healthcare infrastructure and the rising number of people suffering from chronic diseases. Additionally, the positive consumer inclination toward diabetes and blood pressure monitoring solutions is likely to accelerate the segment growth.
Based on application, the market is categorized into consumer electronics, building & home automation, transportation & security, and industrial segments. Of which, the building & home automation segment is projected to record substantial growth between 2024 and 2032 attributed to the emerging trend of home automation and smart connected devices. The ongoing R&D efforts have highlighted that harnessing piezoelectric power may help improve IoT power consumption. Piezoelectric harvesters also leverage residual vibrational energy and convert mechanical energy into alternating electric current to power wireless smart home devices efficiently, adding to the segment expansion.
Regionally, the Europe piezoelectric energy harvesting system market is projected to grow rapidly through 2032, led by the increasing demand for energy-efficient components and peripherals across the industrial sector. There has been a strong focus on the development of advanced energy harvesting systems backed by active investments by the respective governments. Continuous advances in the home automation and IoT space along with developments in the consumer electronics sector will also bolster the regional market outlook.
Piezoelectric Energy Harvesting System Market Share
Leading piezoelectric energy harvesting firms are adopting various growth and expansion strategies to bring new solutions to attract a wider customer base. They are also expanding their market presence together with partnerships, acquisitions, and mergers.
Piezoelectric Energy Harvesting System Market Companies
Some of the notable piezoelectric energy harvesting industry players are:
- Silex Microsystem AB
- Texas Instruments
- Honeywell Corporation
- PI Ceramic
- Boeing
- Microstrain (LORD Corporation)
- Cymbet
- Digikey
- Smart Material
- NGK Electronics Devices (Morimura Group)
Piezoelectric Energy Harvesting System Industry News
- In January 2024, M. Fitzgerald & Associates partnered with Sumitomo Precision Products (SPP) to combine its microelectromechanical systems engineering expertise with the latter’s full-service PZT MEMS wafer foundry, MEMS Infinity. The partnership helped accelerate the commercialization of thin-film PZT MEMS chip technology in small and medium-sized markets.