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Energy Harvesting Market Projected to Reach $514B in 2012

ENERGY HARVESTING (EGY097A) from BCC Research, the global energy harvesting market was valued at $323 million in 2011 and should reach $514 million in 2012. Total market value is expected to reach nearly $3.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 43.2%.

The market for energy harvesting can be broken down into three regions: the Americas, EMEA (Europe, Middle East and Africa), and APAC (Asia-Pacific) regions.

The Americas are expected to have a value of $253 million in 2012 and $1.4 billion in 2017, a CAGR of 40.8%.

As a segment, EMEA should total $113 million in 2012 and $670 million in 2017, a CAGR of 42.8%.

APAC is expected to total $148 million in 2012, and surpass $1 billion in 2017, a CAGR of 47.3%.

A driving force behind the emergence of the energy harvesting market is the industry's financial incentive to power sensor networks and mobile devices without batteries. While costly wired data communications and power connections are eliminated with wireless devices, these costs are replaced with the ongoing cost of battery maintenance (e.g., battery cost, manpower, logistics, environmentally-conscious disposal, protection from potential leakage, and potential equipment downtime due to unexpected battery failure). Energy-harvested sensor nodes solve these problems by using low-cost integrated circuits to perform sensing, signal processing, communication and data-collection functions, and also include a low-power wireless communications interface.

Other driving forces include addressing environmental concerns by avoiding the use and waste of polluting batteries and the abundance of natural sources of energy supply.

TAGS: Energy
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