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The MEMS energy harvesting devices market share is expected to increase by USD 51.72 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.49%.
This MEMS energy harvesting devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers MEMS energy harvesting devices market segmentation by application (building and home automation, industrial, consumer electronics, defense, and others) and geography (Europe, North America, APAC, MEA, and South America). The MEMS energy harvesting devices market report also 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., and STMicroelectronics NV among others.
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The increasing usage of alternatives such as micro batteries is notably driving the MEMS energy harvesting devices market growth, although factors such as challenges associated with piezoelectric MEMS energy harvesters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the MEMS energy harvesting devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key MEMS Energy Harvesting Devices Market Driver
One of the key factors driving the global MEMS energy harvesting devices market growth is the increasing usage of alternatives such as micro-batteries. Micro-batteries need to be changed frequently, which adds to the cost of maintaining and operating monitoring devices and sensors. Furthermore, this leads to a decline in the life span of the monitoring and sensing system. Thus, there is a high need for MEMS energy harvesting technology alternatives. It is a smart and favorable solution that makes the system monitoring self-supportable. For instance, the usage of MEMS energy-powered switches instead of conventional ones leads to reduced leakage current, improving the overall efficiency of the switches. Such factors are expected to positively impact the growth of the market in focus during the forecast period.
Key MEMS Energy Harvesting Devices Market Trend
Another key factor driving the global MEMS energy harvesting devices market growth is the usage of MEMS energy harvesters in monitoring devices and sensors. The usage of MEMS energy harvesters in various monitoring devices and sensors that are used for a wide range of applications, including structural health monitoring, traffic patterns, and natural disasters has increased in recent years. For instance, the usage of batteries in structural health monitors placed in remote locations and geographically inaccessible temperatures can be impractical. Furthermore, battery charging or replacement in these conditions is not cost-effective. The need to replace batteries in a large-scale sensor network can be problematic and costly. It is nearly impossible in hazardous, harsh, and large terrain deployment. This will increase the usage of MEMS energy harvesters in monitoring devices and sensors that will contribute to the growth of the global MEMS energy harvesting devices market during the forecast period.
Key MEMS Energy Harvesting Devices Market Challenge
Challenges associated with piezoelectric MEMS energy harvesters are expected to limit the global MEMS energy harvesting devices market growth during the forecast period. Piezoelectric MEMS energy harvesters with high resonant frequency or those that require high ambient energy sources are less favorable, as the harvesters cannot be used in less ambient environments. In addition, the bandwidth of piezoelectric harvesters is also accounted to determine the performance of piezoelectric harvesters under unpredictable ambient vibrations. Since the frequency of ambient vibrations cannot be controlled, a piezoelectric MEMS energy harvester with a narrow bandwidth is impractical for usage in most applications. Such factors can lead to a reduction in the usage of piezoelectric MEMS energy harvesters, which will negatively impact market growth during the same period.
This MEMS energy harvesting devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global micro-electromechanical systems (MEMS) energy harvesting devices market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the MEMS energy harvesting devices market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the MEMS energy harvesting devices market encompasses successful business strategies deployed by the key vendors. The MEMS energy harvesting devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The MEMS energy harvesting devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the MEMS energy harvesting devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global semiconductor equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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36% of the market's growth will originate from North America during the forecast period. 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.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The MEMS energy harvesting devices market share growth by the building and home automation segment will be significant during the forecast period. The growth is attributed to the significant increase in usage of smart home devices for efficient control of lighting, heating, shading, ventilation. For instance, wireless switches of leading companies such as General Electric Company, Teleco Automation Srl, Belkin International, Inc., and Eaton Corporation PLC are being increasingly used for home automation purposes.
This report provides an accurate prediction of the contribution of all the segments to the growth of the MEMS energy harvesting devices market size and actionable market insights on post COVID-19 impact on each segment.
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 |
$ 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 |
Key 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 recovery analysis 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. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market Characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Semiconductor equipment
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Building and home automation - Market size and forecast 2021-2026
*Exhibit 24: Building and home automation - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Building and home automation - Year-over-year growth 2021-2026 (%)
**5.4 Industrial - Market size and forecast 2021-2026
*Exhibit 26: Industrial - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Industrial - Year-over-year growth 2021-2026 (%)
**5.5 Consumer electronics - Market size and forecast 2021-2026
*Exhibit 28: Consumer electronics - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Consumer electronics - Year-over-year growth 2021-2026 (%)
**5.6 Defense - Market size and forecast 2021-2026
*Exhibit 30: Defense - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Defense - Year-over-year growth 2021-2026 (%)
**5.7 Others - Market size and forecast 2021-2026
*Exhibit 32: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
**5.8 Market opportunity by Application
*Exhibit 34: Market opportunity by Application
***6. Customer landscape
**6.1 Overview
*Exhibit 35: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 36: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 37: Geographic comparison
**7.3 Europe - Market size and forecast 2021-2026
*Exhibit 38: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: Europe - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 40: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: North America - Year-over-year growth 2021-2026 (%)
**7.5 APAC - Market size and forecast 2021-2026
*Exhibit 42: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 43: APAC - Year-over-year growth 2021-2026 (%)
**7.6 MEA - Market size and forecast 2021-2026
*Exhibit 44: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 46: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 47: South America - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 48: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 49: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing usage over alternatives such as micro batteries
*8.1.2 High adoption of industrial IoT devices
*8.1.3 Government initiatives to decrease energy emission from old and public buildings
**8.2 Market challenges
*8.2.1 Challenges associated with piezoelectric MEMS energy harvesters
*8.2.2 Wireless data transmission rate and standards
*8.2.3 Inconsistent ambient energy sources
*Exhibit 50: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Usage of MEMS energy harvesters in monitoring devices and sensors
*8.3.2 Increasing usage in TPMS
*8.3.3 Increase in sales of smart home devices
***9. Vendor Landscape
**9.1 Overview
*Exhibit 51: Vendor landscape
**9.2 Landscape disruption
*Exhibit 52: Landscape disruption
*Exhibit 53: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 54: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 55: Market positioning of vendors
**10.3 ABB Ltd.
*Exhibit 56: ABB Ltd. - Overview
*Exhibit 57: ABB Ltd. - Business segments
*Exhibit 58: ABB Ltd.- Key news
*Exhibit 59: ABB Ltd. - Key offerings
*Exhibit 60: ABB Ltd. - Segment focus
**10.4 Analog Devices Inc.
*Exhibit 61: Analog Devices Inc. - Overview
*Exhibit 62: Analog Devices Inc. - Business segments
*Exhibit 63: Analog Devices Inc.- Key news
*Exhibit 64: Analog Devices Inc. - Key offerings
*Exhibit 65: Analog Devices Inc. - Segment focus
**10.5 Cymbet Corp.
*Exhibit 66: Cymbet Corp. - Overview
*Exhibit 67: Cymbet Corp. - Product and service
*Exhibit 68: Cymbet Corp. - Key offerings
**10.6 EH 4 GmbH
*Exhibit 69: EH 4 GmbH - Overview
*Exhibit 70: EH 4 GmbH - Product and service
*Exhibit 71: EH 4 GmbH - Key offerings
**10.7 EnOcean GmbH
*Exhibit 72: EnOcean GmbH - Overview
*Exhibit 73: EnOcean GmbH - Product and service
*Exhibit 74: EnOcean GmbH - Key offerings
**10.8 Fujitsu Ltd.
*Exhibit 75: Fujitsu Ltd. - Overview
*Exhibit 76: Fujitsu Ltd. - Business segments
*Exhibit 77: Fujitsu Ltd. - Key offerings
*Exhibit 78: Fujitsu Ltd. - Segment focus
**10.9 Holst Centre
*Exhibit 79: Holst Centre - Overview
*Exhibit 80: Holst Centre - Product and service
*Exhibit 81: Holst Centre - Key offerings
**10.10 Lam Research Corp.
*Exhibit 82: Lam Research Corp. - Business segments
*Exhibit 83: Lam Research Corp. - Key offerings
*Exhibit 84: Lam Research Corp. - Segment focus
**10.11 Parker Hannifin Corp.
*Exhibit 85: Parker Hannifin Corp. - Overview
*Exhibit 86: Parker Hannifin Corp. - Overview
*Exhibit 87: Parker Hannifin Corp-Key news
*Exhibit 88: Parker Hannifin Corp. - Key offerings
*Exhibit 89: Parker Hannifin Corp. - Segment focus
**10.12 STMicroelectronics NV
*Exhibit 90: STMicroelectronics NV - Overview
*Exhibit 91: STMicroelectronics NV - Business segments
*Exhibit 92: STMicroelectronics N.V- Key news
*Exhibit 93: STMicroelectronics NV - Key offerings
*Exhibit 94: STMicroelectronics NV - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 95: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 96: Research Methodology
*Exhibit 97: Validation techniques employed for market sizing
*Exhibit 98: Information sources
**11.4 List of abbreviations
*Exhibit 99: List of abbreviations
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