Energy Harvesting System Companies

The energy harvesting system market is projected to reach USD 0.94 billion by 2030 from USD 0.61 billion in 2025, growing at a CAGR of 9.1% during the forecast period. This growth is driven by the increasing adoption of IoT-enabled devices, advancements in low-power electronics, expansion of smart cities, and rising demand for sustainable and energy-efficient solutions across industries.

Some of the major players in the energy harvesting system market include STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Texas Instruments Incorporated (US), Analog Devices, Inc. (US), Infineon Technologies AG (Germany). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, and partnerships, to strengthen their footprint and enhance market share in the energy harvesting system market.

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Major Energy Harvesting System companies include:

• STMicroelectronics (Switzerland)
• Microchip Technology Inc. (US)
• Texas Instruments Incorporated (US)
• Analog Devices, Inc. (US)
• Infineon Technologies AG (Germany)
• Renesas Electronics Corporation (Japan)
• EnOcean GmbH (Germany)
• ABB (Switzerland)
• Honeywell International Inc. (US)
• Qorvo, Inc. (US)

STMicroelectronics is a leading semiconductor company with profound expertise in designing, manufacturing, and developing a variety of semiconductor solutions. STMicroelectronics provides power management integrated circuit solutions like solar charging IC and energy harvesting, battery management IC, Gallium Nitride (GaN) power IC, DC-DC switching converters, and AC-DC converters. STMicroelectronics has dedicated foundry facilities in Italy, France, and Singapore. The company has more than a thousand partners and over 200,000 customers globally for product and solution development. STMicroelectronics places a great emphasis on research and development activities. In 2023, the company invested 12.2% of its revenue in research and development activities. It possesses a strong patent portfolio of over 19,500 patents and pending patent applications, which corresponds to approximately 9,300 patent families (each with all patents derived from the same invention). The company has distributors in the Americas, Europe, Asia Pacific, and the Middle East & Africa.

Microchip Technology Inc. is among the leaders in providing microcontroller, analog, and mixed-signal semiconductor solutions, with a good market presence in the energy harvesting system market. Microchip Technology Inc. has a broad portfolio of solutions for optimizing energy harvesting and power management in various applications. Microchip's energy harvesting products feature ultra-low-power microcontrollers (MCUs), power management ICs, energy storage components, and sensor interfaces, all designed to optimize the performance and efficiency of energy harvesting systems. Microchip's PIC microcontrollers and dsPIC digital signal controllers are specifically designed for low-power applications, allowing efficient energy harvesting from sources such as solar, vibration, and thermal energy. Furthermore, Microchip's MCP1602 boost converter and MIC5365 LDO regulators are the core devices employed in energy harvesting solutions, providing reliable power delivery even during low energy conditions. Energy harvesting evaluation boards and development tools from the company are also available to assist engineers in designing and deploying robust, energy-efficient solutions for IoT applications, wearable technology, and remote sensing. The company operates its business in two main segments: Semiconductor Products and Technology Licensing. The largest business segment of Microchip is Semiconductor Products, which has a wide range of products, including microcontrollers, analog and mixed-signal semiconductors, memory, power management, and timing devices. The segment serves various markets such as automotive, industrial, consumer electronics, communications, and energy harvesting applications. Technology Licensing segment deals with licensing proprietary technologies and intellectual property (IP). Microchip provides licenses for its semiconductor designs, allowing customers to receive customized solutions for their particular application requirements. This segment also comprises the licensing of patents and other intellectual property rights. The semiconductor products segment provides an energy harvesting system.

Infineon Technologies AG is a German semiconductor company that deals with solutions for the automotive, industrial, and power management markets. It primarily deals with research and development as well as innovation, which allows it to offer quality products to customers. Microcontrollers, power semiconductors, sensors, and security solutions utilized in electrified vehicles, renewable energy, and industrial automation are part of its product offerings. It has a solid base in the auto industry, supplying radar and LiDAR sensors and electric vehicle power semiconductors. The company also serves other markets, including power generation, consumer electronics, and smart homes. Infineon Technologies AG operates through four principal business units. Automotive (ATV) is all about semiconductor solutions for vehicle powertrains, safety, and autonomous driving. Green Industrial Power (GIP) offers power electronics for industry, renewable energy, and the power grid. Power & Sensor Systems (PSS) is a business segment that deals with semiconductors and sensors for consumer electronics, industrial automation, and power management. Connected Secure Systems (CSS) offers security and connectivity solutions for IoT, mobile devices, and smart infrastructure. Infineon Technologies AG's Power & Sensor Systems (PSS) business segment deals with Energy Harvesting Systems. The business segment deals with power semiconductors, sensors, and energy-saving solutions for consumer electronics, industrial automation, and IoT applications.

Company Evaluation Matrix: Key Players, 2024

The company evaluation matrix provides information about key players in the energy harvesting system market and outlines the findings and analysis of the performance of each company within the evaluation criteria. Evaluations are based on two broad categories: strength of product portfolio and market share/rank. Factors such as geographic footprint, effectiveness of growth strategies, and vision alignment are rated according to the performance of companies in the energy harvesting system market. The "strength of product portfolio" pertains to the approach adopted by players for launching energy harvesting system products and services in the market and carrying out innovations. Parameters such as a focus on product innovations and breadth of product offerings are rated based on products offered by each player in the energy harvesting system market.

Market Ranking

The energy harvesting system market is competitive, with five main 5 players collectively controlling 40-45% of the total market share. Driven by its excellent array of energy harvesting system technology, STMicroelectronics dominates the industry with ranking at number 1. Second to that, Microchip Technology Inc. holds a leading market position through a robust portfolio of ultra-low-power microcontrollers, power management solutions, and strategic collaborations. Texas Instruments Incorporated enjoys a leading market position through a robust portfolio of ultra-low-power management solutions. Analog Devices, Inc. and Infineon Technologies AG have built a robust base in the market of energy harvesting systems through a robust portfolio of power management ICs and power-efficient semiconductor solutions. With increasing demand for energy-efficient solutions, key players in the energy harvesting system market are enhancing their product portfolios with advanced power management and energy conversion technologies. The remaining 55-60% of the market is shared between regional and emerging vendors, leading to significant fragmentation and opportunities for smaller players to establish their footprint. Market competition is driven by technological advancements in energy storage, integration of IoT and wireless sensor networks, and rising adoption across industries such as consumer electronics, industrial automation, and smart infrastructure.

Related Reports:

Energy Harvesting System Market by Light Energy Harvesting, Vibration Energy Harvesting, RF Energy Harvesting, Thermal Energy Harvesting, Transducers, Power Management Integrated Circuits, Building & Home Automation - Global Forecast to 2030

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