Energy harvesting systems play a crucial role in generating electrical energy from renewable sources, making it a valuable solution for powering IoT devices located in easily accessible areas that require battery maintenance. Particularly in areas without conventional power sources, energy harvesting becomes essential. By capturing energy from renewable sources, it enables previously inaccessible devices to become self-sustaining. These systems, known as energy harvesting systems, encompass the devices utilized for harnessing energy from renewable sources.
Market Dynamics:
The rise in use of renewable energy sources and a rise in demand for smart homes and industrial automation is expected to drive growth of the global energy harvesting systems market during the forecast period. . The growth of the market is also influenced by the ongoing trends in the Internet of Things (IoT) and big data concepts, which are expected to boost the adoption of energy harvesting systems.
However, the energy harvesting systems market growth is limited by the high capital cost and lack of awareness about the benefits of using such technologies.
Key features of the study:
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