The radio frequency (rf) energy harvesting global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Radio Frequency (RF) Energy Harvesting Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The radio frequency (RF) energy harvesting market size has grown exponentially in recent years. It will grow from $17 billion in 2023 to $21.8 billion in 2024 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to the proliferation of wireless communication technologies, growing concerns over energy consumption, expansion of interconnected devices and networks, growing awareness of environmental issues, supportive policies, incentives, and regulations promoting energy efficiency.
The radio frequency (RF) energy harvesting market size is expected to see exponential growth in the next few years. It will grow to $59.32 billion in 2028 at a compound annual growth rate (CAGR) of 28.4%. The growth in the forecast period can be attributed to growing deployment of Internet of Things (IoT) devices, rise in energy efficiency initiatives, increasing adoption of wireless sensor networks, development of smart cities, increasing investments in renewable energy. Major trends in the forecast period include advancements in efficiency, the emergence of smart buildings, focus on environmental sustainability, integration with wireless communication standards, the trend towards smaller and more integrated electronic devices.
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Scope Of Radio Frequency (RF) Energy Harvesting Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Radio Frequency (RF) Energy Harvesting Market Overview
Market Drivers –
The growing demand for IoT and wireless devices is expected to propel the growth of the radio frequency (RF) energy harvesting market going forward. IoT (Internet of Things) and wireless devices refer to interconnected devices that can communicate with each other wirelessly, enabling data exchange and remote control functionalities over the internet. The increasing demand for IoT and wireless devices can be attributed to the proliferation of internet connectivity, the adoption of IoT technology, and the decreasing costs of hardware components. Radio frequency (RF) energy harvesting is used to generate a modest amount of electrical power, which is utilized to activate specific circuits in wireless communication electronic devices. For instance, in September 2023, according to Ericsson, a Sweden-based telecommunications company, global IoT connections reached 15.7 billion connections in 2023 and are expected to increase by 16% to 38.9 billion connections by 2029. Therefore, the growing demand for IoT and wireless devices is driving the growth of the radio frequency (RF) energy harvesting market.
Market Trends –
Major companies operating in the radio frequency (RF) energy harvesting market are prioritizing advancements, such as energy-harvesting bluetooth, to enhance the efficiency and sustainability of wireless communication and IoT devices. Energy harvesting bluetooth refers to the utilization of Bluetooth technology in devices that are powered by harvested energy from the surrounding environment, such as solar, kinetic, or radio frequency sources, rather than traditional battery power. For instance, in October 2023, Globalscale Technologies Inc., a US-based provider of IoT solutions, launched the energy harvesting bluetooth LE 5.3 module, which uses the extremely low-power ATM33/e Series SoC from Atmosic Technologies. This module, known as the GTI-ATM3330e, integrates a Bluetooth 5.3-compliant radio with an ARM Cortex M33F application processor, 128KB of RAM, 64KB of ROM, 512 KB of nonvolatile memory (NVM), ARM TrustZone-enabled security features, and state-of-the-art power management to enable maximum lifetime in battery-operated devices.
The radio frequency (RF) energy harvesting market covered in this report is segmented –
1) By Component: Transducer, Photovoltaic And Electrodynamic, Thermoelectric And Radio Frequency (RF) transducer, Power Management Integrated Circuit, Secondary Battery
2) By Energy Source: Electric, Gravitational, Magnetic, Nuclear, Thermal, Chemical, Mechanical, Radiation
3) By Frequency Range: Low Frequency (<1 GHz), Medium Frequency (1-10 GHz), High Frequency (>10 GHz)
4) By Application: Wireless Switching System, Wireless Heating, Ventilation, And Air Conditioning (HVAC) System, Wireless Sensing And Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System
5) By End-User Industry: Electronics, Healthcare, Defense And Aerospace, Automotive, Telecommunications
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Regional Insights –
North America was the largest region in the radio frequency (RF) energy harvesting market in 2023. The regions covered in the radio frequency (RF) energy harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the radio frequency (RF) energy harvesting market are ZF Friedrichshafen AG, Arrow Electronics Inc., ABB Limited, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated , NXP Semiconductors N.V., Microchip Technology Inc, Cadence Design Systems Inc., Silicon Laboratories Inc., Mouser Electronics Inc., PowerFilm Inc., Everactive Inc, Enocean GmbH, Mide Technology Corp, Drayson Technologies Ltd, Nikola Labs Inc., Powercast Corp, Sodaq B.V., ONiO, Micropelt GmbH, e-peas S.A., Wiliot Inc
Table of Contents
1. Executive Summary
2. Radio Frequency (RF) Energy Harvesting Market Report Structure
3. Radio Frequency (RF) Energy Harvesting Market Trends And Strategies
4. Radio Frequency (RF) Energy Harvesting Market – Macro Economic Scenario
5. Radio Frequency (RF) Energy Harvesting Market Size And Growth
…..
27. Radio Frequency (RF) Energy Harvesting Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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