Vendor Insights
The global MEMS energy harvesting devices market is fragmented. The market is characterized by the presence of several industry-focused and diversified vendors that are indulged in manufacturing MEMS energy harvesting devices for different applications. Vendors are deploying various organic and inorganic growth strategies to compete in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Analog Devices Inc.
- Cymbet Corp.
- EH 4 GmbH
- EnOcean GmbH
- Fujitsu Ltd.
- Holst Centre
- Lam Research Corp.
- Parker Hannifin Corp.
- STMicroelectronics NV
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Geographical Market Analysis
North America will provide maximum growth opportunities in MEMS energy harvesting devices market during the forecast period. According to our research report, the region will contribute to 36% of the global market growth and is expected to dominate the market through 2026. The US is the key market for MEMS energy harvesting devices in North America. Market growth in this region will be faster than the growth of the market in other regions.
Germany, China, the UK, and the Netherlands are expected to emerge as prominent markets for MEMS energy harvesting devices during the forecast period.
Key Segment Analysis
The MEMS energy harvesting devices market share growth by the building and home automation segment will be significant during the forecast period. The segment is driven by the increasing usage of MEMS energy harvesting devices in building and home automation devices in developed regions such as Europe and North America. Also, the increasing number of smart homes is driving the growth of the segment.
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Key Market Drivers & Challenges:
The MEMS energy harvesting devices market is primarily driven by the increasing usage of alternatives such as micro batteries. End-users are increasingly replacing conventional micro-batteries with MEMS energy harvesting devices followed by the developments in wireless communication technologies. Also, the advent of cost-effective and low-power wireless devices has increased the use of MEMS energy harvesting devices as micro batteries have a limited extent. Thus, the increasing replacement of batteries with MEMS energy harvesting devices will drive the growth of the market in focus during the forecast period.
However, the challenges associated with piezoelectric MEMS energy harvesters will impede the growth of the market. Piezoelectric MEMS energy harvesters with high resonant frequency require high ambient energy sources are less favorable, as the harvesters cannot be used in less ambient environments. Additionally, the two biggest challenges for the technology are the need for higher power density and wider bandwidth. These challenges can lead to reduced usage of piezoelectric MEMS energy harvesters. These factors will negatively influence the growth of the market during the forecast period.
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MEMS Energy Harvesting Devices Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.49% |
Market growth 2022-2026 |
USD 51.72 million |
Market structure |
Fragmented |
YoY growth (%) |
5.67 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Germany, China, UK, and The Netherlands |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Analog Devices Inc., Cymbet Corp., EH 4 GmbH, EnOcean GmbH, Fujitsu Ltd., Holst Centre, Lam Research Corp., Parker Hannifin Corp., and STMicroelectronics NV |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Building and home automation - Market size and forecast 2021-2026
- Industrial - Market size and forecast 2021-2026
- Consumer electronics - Market size and forecast 2021-2026
- Defense - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2021-2026
- North America - Market size and forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Analog Devices Inc.
- Cymbet Corp.
- EH 4 GmbH
- EnOcean GmbH
- Fujitsu Ltd.
- Holst Centre
- Lam Research Corp.
- Parker Hannifin Corp.
- STMicroelectronics NV
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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