[FURL=https://www.industryarc.com/Research/Energy-Harvesting-System-For-Wireless-Sensor-Network-Market-Research-505387?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Energy Harvesting System For Wireless Sensor Network Market[/FURL] The Energy Harvesting System for Wireless Sensor Network Market size is forecast to reach $2.12 billion by 2026, growing at a CAGR of 18.1% in the period 2021-2026. In order to address the challenge of the significantly lower power density of the Wireless Sensors, the state-of-the-art Energy Harvesting System is the convenient way to offer reliable stable power for long term. The growth of the Energy Harvesting System for Wireless Sensor Network Market is primarily driven by the widespread application of diversified wireless temperature sensors, level sensors and pressure sensors in industrial sectors as well as the growing implementation of IoT solutions for building and home automation.Key Takeaways
North America is estimated to be the major region with a share of 41% in 2020 for the Energy Harvesting System for Wireless Sensor Network Market owing to the significant investment for developing breakthrough low-energy consumption solutions and high-performance industrial wireless applications.
The increase in demand for power-efficient IoT devices for automation across various industry sectors is estimated to drive the Energy Harvesting System for Wireless Sensor Network Market.
The Building and Home Automation sector held the highest share of 38 % in 2020, owing to the rapid emergence of energy-driven consumer electronic devices and growing installation of sensor-based technologies for energy-efficient power systems.
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Energy Harvesting System for Wireless Sensor Network Market Segment Analysis – By Geography
North America is estimated to be the major region with a share of 41% in 2020 for the Energy Harvesting System for Wireless Sensor Network Market. The growth of the market in this region is due to the significant investment for developing breakthrough low-energy consumption solutions and high-performance industrial wireless applications, along with the growing introduction of 5G IoT products. In addition, the early implementation of IoT in the industrial automation sectors, in reference to smart meters, connected cars, wearable and consumer electronics is estimated to drive the market growth extensively.
Energy Harvesting System for Wireless Sensor Network Market Drivers
Growing demand for power-efficient IoT devices for automation
Growing Popularity for Smart Wearable
Energy Harvesting System for Wireless Sensor Network Market Landscape
The Energy Harvesting System for Wireless Sensor Network Market top 10 companies include Arveni, Convergence Wireless, Cymbet Corporation, Powercast Corporation, Texas Instruments Incorporated, Fujitsu Limited, ABB Ltd., Honeywell International Inc., STMicroelectronics N.V., EnOcean GmbH and among others.
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