Semiconductor Content for Energy Harvesting Solutions to Reach $11.1 Billion by 2023, says Semico Research

The term energy harvesting, also known as power scavenging, is used to describe the collection of energy derived from a variety of external sources such as solar power, thermal energy, wind energy, kinetic energy or electromagnetic sources. Energy harvesters accumulate the wasted energy in a system, such as heat given off by motors or the vibrations of motors or other moving objects. The basic technologies for generating energy are mechanical vibration (kinetic energy), thermoelectric, solar (photovoltaic), and RF/Inductive. A new report from Semico Research, Energy Harvesting: Cultivating Fuel for Electronics (MP112-19), forecasts that the semiconductor content for energy harvesting solutions will reach $11.1 billion by 2023.
 
"An energy harvesting solution requires more than just the energy harvester or transducer. The key components include a power converter, power management IC (PMIC), MCU, and energy storage," according to Joanne Itow, Manager Manufacturing Research for Semico. "The energy storage can be a rechargeable battery (Li-ion or thin film) or a super capacitor. It will be these components which offer potential growth for the semiconductor industry."
 
Key findings in the report include:

• In 2018 the number of energy harvesting devices installed increased from 326 million to 551 million.
• By 2023, the number of EH nodes are expected to reach 2.96 billion annual shipments, for a five-year CAGR of 40%.
• 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 new 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: 602-997-0337
Email: rickv@semico.com
 
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.