; charset=UTF-8" /> Key Developments in Energy Harvesting System – Aneyefor News

Key Developments in Energy Harvesting System

 Breaking News
  • No posts were found

Key Developments in Energy Harvesting System

January 16
10:30 2020
Energy Harvesting System Market and its Key Opportunities and Challenges

The Energy Harvesting System Market is estimated to grow from USD 0.4 billion in 2017 to USD 0.6 billion by 2023, growing at a compound annual growth rate (CAGR) of 10.6% during the forecast period, as per a report by MarketsandMarkets. 

How ocean energy harvesting presents an opportunity?

In motion energy harvesting, the motion of waves is converted into electric energy. Commercial ships can reduce their usage of power through fossil fuels by using energy harvesting system. WITT Energy (UK) developed a device that can transform wave motion from any direction into electricity. In 2013, this research attracted the Technology Strategy Board, the UK’s innovation agency, which offered around USD 2, 97,306 development grant to WITT Energy (UK).

Download Free Sample Pages @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=734

Moreover, many ocean-based autonomous battery-operated sensors and buoys are combined with solar power. The ambient ocean wave energy can be harvested as an alternative source of power for the low-power devices. The current research on ocean energy harvesting is expected to increase the power production for high-voltage supply. As this technology is capable of harvesting huge amounts of power, many companies such as Ocean Harvesting Technologies AB (Sweden) and Electro Standards Laboratories (US) are showing a keen interest in energy harvesting system.

Why standardization of communication protocols is a challenge?

In the energy harvesting system, standardization of communication protocols helps companies develop devices with less analytical efforts. In wireless electronics, the communication protocol is the crucial factor that connects devices with each other. The standardized protocol is important for both components and for the complete system. Various companies follow their compliance for communication; for example, devices from EnOcean follow the ISO/IEC 14543-3-1X international standard and devices from Linear Technology follow the EC6158, EDDL (IEC61804-3), and IEEE802.15.4 standards.

The difference in communication protocols majorly hinders the growth of companies working in isolation, such as Linear Technology (US) or hinders the new entrants enter the market.

Browse Related Reports 

Home Automation System Market by Protocol and Technology (Network and Wireless), Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software and Algorithm (Behavioral and Proactive), and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/home-automation-control-systems-market-469.html

Wireless Sensor Network Market by Offering (Hardware, Software, Services), Sensor Type, Connectivity Type, End-user Industry (Building Automation, Wearable Devices, Healthcare, Automotive & Transportation, Industrial), and Region – Global Forecast to 2023
http://www.marketsandmarkets.com/Market-Reports/wireless-sensor-networks-market-445.html

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/energy-harvesting-market-734.html