Energy Harvesting and Related Energy Storage Devices: Worldwide Forecasts

13-Jul-2012 | General Article (Non-News)

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Various Energy Harvesting and Energy Storage products and technologies are already providing sales opportunities across a range of applications. This comprehensive analysis provides decision makers with an insightful look into the current and future opportunities and threats available in the global markets for Energy Harvesting and Energy Storage devices. Topics include:

* Emerging Trends and Developments
* Recent Developments in Power Management ICs
* Standards and Regulations Update
* Assumptions and Methodology
* Energy Harvesting Applications Forecasts
* Energy Harvesting Technology Forecasts
* Energy Storage Forecasts by Storage Technology
* Energy Storage Applications Forecasts
* Selective Company Profiles

Executive Summary
Although Energy Harvesting and related Energy Storage devices are still considered an emerging technology, products are now available commercially, driven by developments in areas that are, themselves, emerging applications. In fact, the number of applications that can be powered by some form of energy harvesting technology is growing, and the wireless sensors nodes used in the respective applications: Industrial Process, Building Automation, Environmental Monitoring, etc. are becoming more efficient and are operating with less power.

According to our latest analysis, the Energy Harvesting market has been negatively impacted in the near-term by the general down-turn in the economy and particularly by the slow-down in the construction and building industry. Some sectors, such as building and home automation, have being affected more than others, especially with the decline in new housing starts and other commercial real estate issues. However, the ability of energy harvesting devices to deliver increasing amounts of energy has grown faster than anticipated and the energy needs, and costs of sensors and related electronics has dropped. As a result, the energy harvesting market should be well positioned for accelerated growth over the next several years.

Those developments are expected to make energy harvesting solutions more economically attractive, resulting in increased growth later in the forecast period, as energy markets recover. The Darnell Group has identified the potential market for Energy Harvesting wireless sensor nodes in eight specific application sectors. (The nodes are the focus of this forecast because they are the devices that require powering.) The applications are Building Automation, Home Automation, Automotive/Tire Pressure Sensors (TPMS), Environmental Monitoring, Medical, Radio Frequency Identification Devices (RFID), Industrial Process and Military/Aerospace. Each of these applications is expected to see slower growth in the early years, followed by much faster growth later in the forecast period.

The worldwide energy harvesting sensor node unit market is projected to grow from 42.5 million units in 2012 to 375.2 million units in 2017, at a compounded annual growth rate (CAGR) of 54.6%. Driven by substantial growth in all applications, especially Building Automation and RFID, the largest regional market over the forecast period will be North America, which will make up over 53.0% of the energy harvesting node unit market in 2012. Driven by growth in the large building automation sector and the strong influence of the alternative energy industry, the fastest growing unit market will be the European region, which is expected to increase at a CAGR of 61.3% over the forecast period.

Wireless energy harvesting sensors are also expected to provide an opportunity for building owners to contribute to the “Greening” of the environment. According to the U.S. Department of Energy, buildings consume 39% of the energy and 74% of the electricity produced annually in the United States. For building owners, the adoption of self-powered wireless sensors could mean not only reduced energy costs and tax incentives, but also improved tenancy rates and higher per-square-foot revenue as prospective commercial and residential tenants demand improved energy efficiency.

Building Automation was one of the first applications to adopt both wireless sensor networks and energy harvesting solutions on a large commercial scale, and it is expected to present one of the best opportunities in the energy harvesting node market. Despite the opportunities in this segment, it will maintain one of the lower growth rates among the applications presented. One of the reasons for this is that it is a more mature application and will start with a higher unit number. Building automation is considered an “early adopter” of energy harvesting technologies, and other segments are expected to catch up to it as costs come down.

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Energy Harvesting and Related Energy Storage Devices: Worldwide Forecasts


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