Key Players in the Energy Harvesting System Market

Posted by Steve Stark on June 28th, 2021

The energy harvesting system market is estimated to be worth USD 468 million in 2021 and is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %. The growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance, surging implementation of IoT devices in automation and energy harvesting systems for building and home automation, increasing trend for green energy and favorable initiatives

ABB (Switzerland), Linear Technology (US), Convergence Wireless (US), Cymbet (US) and EnOcean (Germany) are some of the major companies across the globe in energy harvesting system market. The companies in the energy harvesting system market have adopted various strategies in such as partnerships, collaborations, and acquisitions to grow in the energy harvesting system market. The organic and inorganic strategies have helped the players in the market to expand themselves globally with innovative offering in the energy harvesting system market.

ABB (Switzerland) provides industrial services for energy, utilities, transport, and infrastructure sectors. It operates through business divisions, namely, Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The company offers its sensor modules based on energy harvesting under the Discrete Automation segment. The products offered by the company operate on Wireless HART technology, offering wireless communication for these sensors.

Linear Technology (US) designs and manufactures a broad line of standard high-performance integrated circuits. It offers a wide range of ultra-low-power ICs for energy harvesting applications. Power management products offered by the company help to store and manage energy converted from vibration (piezoelectric), photovoltaic (solar), and thermal (TEC, TEG, thermopiles, and thermocouples). The company was acquired by Analog Devices (Massachusetts, US) in a deal of USD 14.8 billion in 2017.

Convergence Wireless (US) has a patented solution for building lighting and control, with auto-installation technique and remote control maintenance. Convergence Wireless simplifies energy intelligence with the Site Sense Lighting (SSL) solution. The company offers various solutions such as photovoltaic-powered wireless sensors & self-powered switches, wireless modules, and building automation server /demand response module. Convergence Wireless provides lighting and control products for its customers to decrease energy consumption that occurred due to lighting and peak or high load. The lighting and control products include site sense lighting (SSL), smart grid standards, wireless networking technology, and unique lighting control system technology. The products support the IEFT and IEEE standards, and ZigBee protocol. The types of software designed for the products are radiofrequency independent and can function in any environment. The company’s wireless solution, SSL, can be connected to thousands of nodes in the building retrofits, efficiently controlling the sensors, switches, and light sources.

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Cymbet (US) provides power solutions for telecom, medical, renewable energy, and consumer electronics. The company has two major fabrication facilities in Elk River, MN, and Lubbock, TX. It is supported by investors with expertise in semiconductors, semiconductor materials, and battery technologies. Cymbet manufactures solid-state energy storage solutions for microelectronic systems. The company offers energy storage solutions for various ICs in medical products, sensors, industrial control systems, RFID systems, communication devices, and other electronic equipment. It mainly focuses on product innovation that helped the company to develop new products in the energy harvesting ecosystem. The uniqueness of the batteries provided by the company enables it to differentiate itself from other competitors in the market.

EnOcean (Germany) was incorporated in 2001 as a venture-funded spin-off company of Siemens AG. The company is an originator of patented energy harvesting wireless technology marketed under the brands Dolphin and Easyfit. EnOcean provides self-powered wireless solutions such as transmitters, receivers, and transceivers for the Internet of Things, primarily for building and home automation. EnOcean offers various products based on technologies, namely, energy harvesting, ultra-low power management, and radio technology. In the energy harvesting product line, the company offers technologies based on solar, thermal, electromagnetic, and vibration energy sources. EnOcean Alliance, an independent non-profit organization, based in California, has more than 400-member companies working in the area of building automation, and in over 400.000 buildings worldwide, EnOcean technology has already been deployed. 868 MHz, 902 MHz, and 928 MHz frequency bands are based on the EnOcean wireless standard. The companies in the EnOcean Alliance offer ~1,500 products, such as light switches, key card switches, building automation sensors (temperature, humidity, CO2, occupancy, lux, etc.), and moving floor panels worldwide. More recently, the company added modules and products based on the 2.4 GHz frequency band using Green ZigBee and Bluetooth Low Energy protocols. The company sells its products through distributors in Austria, Denmark, France, Germany, Greece, Israel, Belgium, Brazil, and Canada.