Dublin, Sept. 12, 2023 (GLOBE NEWSWIRE) — The “MEMS Energy Harvesting Devices Market Size and Share Analysis – Growth Trends and Forecast (2023 – 2028)” report has been added to researchandmarkets.com gift.
The MEMS Energy Harvesting Devices market, valued at US$ 66.06 million in the last year, is projected to exhibit strong growth at a compound annual growth rate (CAGR) of 6.37%, aiming to reach a market value of US$ 92.62 million by the end of the year. To achieve. Forecast period.
Revolutionary applications of energy harvesting
The field of energy harvesting is undergoing a profound revolution, expanding its utility beyond traditional applications such as bicycle dynamos or solar panels. This transformative technology is now finding wide applications in building and industrial automation, automotive vehicles, smart cities and security systems. Governments and proactive public initiatives play an important role in increasing the demand for energy harvesting, recognizing it as an important tool to address growing energy needs and promote energy conservation. The advent of big data and the Internet of Things (IoT) has fueled the development of autonomous energy-harvesting devices, which require less maintenance and offer easier installation than traditional batteries.
The market for commercial building automation is booming, expected to see significant growth through smart city initiatives. Due to the potential for cost savings in installation and maintenance, energy harvesting wireless solutions are gaining popularity in building and home automation. These wireless technologies serve as the ideal communications standard, facilitating seamless interconnectivity for thousands of building devices and fostering innovation in monitoring and control applications.
Role of Microelectromechanical Systems (MEMS)
Microelectromechanical systems (MEMS) have emerged as the technology of choice for realizing IoT-sensing nodes. They enable the integration of sensors, actuators, electronic circuits, communication systems, antennas, and energy harvesters on a single chip or package. MEMS technology specializes in interacting with various physical phenomena including mechanical forces, piezoelectric effect and thermoelectric forces. This versatility positions MEMS as an important tool for miniaturizing energy harvesting solutions.
Recent progress has been made in energy harvesting from mechanical vibrations, thermal gradients, electromagnetic radiation and solar radiation. These advancements provide alternative energy sources to replace traditional batteries for portable devices. Challenges remain, particularly in fabricating ultra-low-power electronic devices, which is a significant factor affecting the adoption of MEMS-based cutting devices.
Impact of COVID-19 on remote patient monitoring and wearables
The pandemic has accelerated the shift toward patient-centered health care and increased demand for remote patient monitoring, including telehealth, point-of-care devices, and wearable devices. The rise in demand for wearables, leveraging energy harvesters, has led to innovations in tracking metrics such as temperature and blood pressure. This trend is creating opportunities in the wearables market for further integrated MEMS sensors that cater to pressure, inertia, microphones, thermopile and more.
Trend: Building and home automation is taking over
The building and home automation sector is set to capture a significant market share in the MEMS energy harvesting devices landscape. This technology is integral to powering and enhancing various automated systems within residential and commercial structures. This includes applications such as wireless sensor networks to monitor critical parameters, energy-efficient LED lighting, smart thermostats, HVAC controls, and security systems. MEMS energy harvesting devices aid in the operation of smart home devices, ensuring a seamless personal experience for occupants.
Asia-Pacific – a hub of innovation
Asia-Pacific countries, including China, Japan, South Korea, and Taiwan, are at the forefront of MEMS technology development. With advanced research facilities that foster innovation, these countries are pushing the boundaries of MEMS cutting devices. The region is a manufacturing hub for consumer electronics, driving demand for portable devices such as smartphones and wearables. The adoption of MEMS technology for automotive sensors is playing a vital role in increasing vehicle safety and efficiency. Government initiatives promoting clean energy technologies are further accelerating the growth of the MEMS harvesting device market in the region.
The development of smart cities and expansion of commercial applications in industrial settings and home automation devices are the primary market drivers. However, the market is restrained by challenges related to ultra-low-power electronics and wireless data transmission rates and standards.
Major players in the MEMS energy harvesting device market
- nOcean GmbH
- STMicroelectronics NV
- Coventor Inc.
- Holst Center
- Morgan Electro Ceramics
- MEMS Vision
- Sofant Technologies
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MEMS Energy Harvesting Devices Market MEMS Energy Harvesting Devices Market Growth Rate by Region