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Energy Harvesting Chips Market to Reach $3.4 Bn by 2022

Chips Market

Taking energy harvesting beyond large solar installations and commercial power generation – Energy Harvesting: Reaping the Abundant Market – Semico Research estimates that the semiconductor content for energy harvesting solutions will grow to $3.4 billion by 2022.

The company uses the term “energy harvesting” – or “power scavenging” – to refer to power that is derived from heat given off by motors or semiconductors, the vibrations of motors or other moving objects or ambient RF energy.

According to the report, a broad range of markets will employ energy harvesting to either replace batteries or extend battery life. These applications include wireless sensor nodes (WSN) for bridges, infrastructure, building automation and controls, home automation (including lighting, security, and environmental, automotive applications, cell phones, wearables, and other consumer electronics.

“While there is a great deal of interest in the different types of energy harvesting devices or energy generators,” says Joanne Itow, Semico’s Manager of Manufacturing Research, “the greater opportunity for the semiconductor industry is the overall solution which includes power conversion, power management, microcontrollers, radios, and MEMS sensors. The advent of IoT with remote monitoring and data collection has also prompted more interest in energy harvesting as a viable solution to maintain WSNs (Wireless Sensor Networks).”

Key findings of the report include:

  • The number of devices with an energy harvesting solution will reach 509 million units by 2022
  • Consumer devices (including toys) with energy harvesting accounted for 8 million units in 2017
  • Bridges are expected to be a large user of energy harvesting in the infrastructure sector by 2022
  • Energy harvesting devices in all buildings is expected to have a compound annual growth rate (CAGR) of 20.7% by 2022

To Read the Full Report: Click here

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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