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(Chicago.CityRegions.Com, December 28, 2016 ) According to a new market research report "Energy Harvesting System for Wireless Sensor Network Market by Sensor (Temperature, Pressure, Flow, Level, Humidity, Position, Motion & IR), Technology (Light, Vibration, & Thermal), Application, and by Geography - Global Forecast to 2022", the total market is expected to reach USD 1576.9 Million by 2022, at a CAGR of 19.1 % during the forecast period. The growth of the market for wireless sensors powered by energy harvesting system is attributed to the growing demand for green power sources and the extensive implementation of Internet of Things (IoT) for building & home automation.
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Temperature sensors are expected to lead the energy harvesting market for wireless sensor network
The increasing demand for temperature sensors is attributed to its high requirement in building and home automation sector for monitoring room temperature in residential and commercial buildings, air duct temperature monitoring, and warehouse temperature monitoring among other applications. The recent push by economies such as the U.S. and Canada toward smart homes and building automation and industrial automation is the key factor driving the growth of the energy harvesting system for wireless sensor network market.
Industrial application is expected to lead the market during the forecast period
The market is segmented on the basis of application into building and home automation, aerospace, industrial, automotive, railways, transportation infrastructure, and security. The energy harvesting system for wireless sensor network market in the industrial application is expected to hold the leading position by 2022 owing to applications such as machine health monitoring, pressure pump health monitoring, tank level monitoring, and flow control. Vibration energy harvesting is widely used for industrial wireless sensor network applications because of available vibration energy from machine process pumps and other devices. The increasing installation of energy harvesting system for wireless sensor network in these applications is driving the market for vibration energy harvesting in the industrial application.
The market in North America is expected to grow at the highest rate during the forecast period
The market in North America is expected to grow at the highest CAGR between 2016 and 2022 because of the increasing demand for smart homes, need for green energy sources, favorable government initiatives, and demand for safe and durable power sources. The wireless sensor network for vibration energy harvesting held the largest share of the market in this region owing to the increasing installations of wireless sensors in industrial applications.
The major players in wireless sensor network and energy harvesting ecosystem are ABB Limited (Switzerland), Convergence Wireless (U.S.), Cymbet Corporation (U.S.), EnOcean GmbH (Germany), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), Microchip Technology Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Cypress Semiconductor Corporation (U.S.), EnOcean GmbH (Germany), Linear Technology (California), and Lord Microstrain (U.S.).