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Energy Harvesting Nodes Expected to Reach 2.96 Billion Annual Shipments by 2023, says Semico Research

The prospect of billions of connected devices using sensors to collect data 24/7-along with the innovations and cost-reduction provided by MEMS devices-has stimulated increased interest in finding a cost-effective, portable energy harvesting solution. The Internet of Things (IoT) is expected to grow at a high rate driven by connectivity across many market segments. In addition to portable applications, many IoT applications will be battery-operated. Wireless sensor nodes (WSN) are installed in homes and businesses to monitor environmental conditions, track industrial equipment performance and protect secure areas. A recent report from Semico Research, Energy Harvesting: Cultivating Fuel for Electronics (MP112-19), forecasts that energy harvesting nodes are expected to reach 2.96 billion annual shipments by 2023.
"All energy harvesting solutions must compete with the relatively low cost of a standard battery. While batteries need to be changed or recharged, they are relatively low cost especially for many consumer applications. Energy harvesting must also generate enough power for the particular application," according to Joanne Itow, Manager Manufacturing Research for Semico. "Current solutions are seeking ways to extend battery life; however, the success and mass adoption of energy harvesting will become more pervasive when the solution can potentially replace a battery."
Key findings in the report include:

  • In 2018, the number of energy harvesting devices installed increased from 326 million to 551 million.
  • Semiconductor content for energy harvesting solutions will reach $11.1 billion by 2023.
  • Consumer devices (including toys) with energy harvesting accounted for 64 million units in 2018.
  • Energy harvesting devices in buildings are expected to grow from 427 million units in 2018 to over 2 billion by 2023 at a CAGR of 36.2%

Semico's recent report, Energy Harvesting: Cultivating Fuel for Electronics (MP112-19), examines the market opportunity for energy harvesting outside of large solar installations and commercial power generation providing reviews of the technology, market overview and forecast, research and development activities, and a synopsis of companies in the energy harvesting ecosystem including:
Analog Devices, Atmosic Technologies, Cymbet, Cypress, EnOcean, e-peas, Analog Devices/Linear Technology, Maxim Integrated, Microchip Technology, ON Semiconductor, Powercast, Renesas, Semtech, Silicon Labs, Silicon Reef, Texas Instruments, ZF/CHERRY, Apple, Ilika, Imprint Energy, Sakti3, Solid Power, STMicroelectronics, Zpower, EnerBee, Energy Harvesters, K3OPS, Laird, microGen, Micropelt, Perpetua Power Source Technologies, Perpetuum, Piezo Systems, Sanyo, LORD Microstrain, National Instruments, Nikola Labs, Phase IV Engineering, Resensys, Soundpower Corp., Xnor, Eta Compute, Mentor Graphics, and X-FAB.

For pricing and additional information, please contact:
Rick Vogelei
Business Development
Phone: (480) 435-8564
About Semico
Semico is a semiconductor marketing & consulting research company located in Phoenix, Arizona.  We offer custom consulting, portfolio packages, individual market research studies and premier industry conferences.