Annual revenues from energy harvesting systems are set to reach nearly $375 million by 2020 from about $283 million in 2014, according to a new study from Navigant Research.
Energy harvesting converts ambient energy to useable electrical energy and offers an alternative to battery power for portable devices.
The technology is already being used to power a range of consumer products, including laptops and mobile phones, using a variety of energy sources, including electromagnetic radiation, thermal energy and kinetic energy.
“The idea of mobile devices that charge themselves continuously, without intervention, access to electrical outlets, or unwieldy cords, has been prevalent among both developers and users for some time,” says Eric Woods, research director with Navigant Research. “This is the future of mobile devices – and the technology to make it happen has arrived.”
Navigant says another important application for energy harvesting is pervasive sneosr networks, where sensors are used to monitor all measurable commodities in real time, providing data on temperature, humidity, security, machine health, structural health and more.
The market-research player believes energy harvesting has considerable advantages over conventional power supplies and that developers are familiarizing themselves with means of incorporating the technology into new and innovative applications.