Pyroelectric Energy Harvester Market Recent Trends, Future Growth, Industry Analysis, Outlook, Insights, Share and Forecasts Report 2027
Pyroelectric Energy Harvester Market: Introduction
A pyroelectric energy harvester is a
kind of generator that converts thermal energy generated from waste heat into
usable electric energy. Pyroelectric energy harvesters are used in portable
electronics devices for supplying power.
Key Drivers and Restraints of Global Pyroelectric Energy Harvester
Market
·
Rising demand for wearable
electronics including wristwatches, primarily in developing nations such as
China and India, led by increase in the purchasing power parity along with rise
in the living standards, is expected to drive the global pyroelectric energy
harvester market during the forecast period. Pyroelectric energy harvesters
convert thermal energy obtained from waste heat into usable electricity used
for powering low power electronics and other embedded systems. This makes these
harvesters an ideal solution for use in microsystems.
·
Increase in the demand to power
microsystems, such as monitoring devices, sensors, implantable bio-devices, and
biomedical devices, is also projected to fuel the global pyroelectric energy
harvester market during the forecast period. Pyroelectric energy harvesters
help improve efficiency and reduce maintenance costs. This factor is expected
to boost the global pyroelectric energy harvester market during the forecast
period.
·
Technological innovations and
advancements in the design of small generators to reduce maintenance costs and
improve operational efficiency are also anticipated to propel the global
pyroelectric energy harvester market during the forecast period. However,
availability of substitutes is a major factor expected to hinder the global
market between 2019 and 2027.
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Asia Pacific to Hold a Major Share of Global Pyroelectric Energy
Harvester Market
·
The global pyroelectric energy
harvester market can be divided into Asia Pacific, Europe, and North America,
Middle East & Africa, and Latin America
·
Asia Pacific is also expected to hold
a major share of the global pyroelectric energy harvester market during the
forecast period, due to increase in the demand for consumer electronics,
primarily in developing economies in the region such as China and India.
Increase in the disposable income, strong economic growth, and rise in the
living standards are some of the other factors expected to boost the market in
the region between 2019 and 2027.
·
The pyroelectric energy harvester
market in Europe is likely to expand at a stable pace during the forecast
period. The market in the region is driven by surge in spending in the
electronics industry, due to increase in the purchasing power parity along with
rise in the adoption of smart offices and smart homes in Europe. Furthermore,
growing focus to minimize carbon emissions by enhancing adoption of renewable
technologies is a key factor boosting the market in the region. Several
stringent regulations and green building codes have also been introduced in
Europe to promote the implementation of renewable technologies in the region.
·
North America is also expected to
hold a considerable share of the global pyroelectric energy harvester market
during the forecast period, due to rise in focus on the adoption of smart
wearables. Technological advancements in design of generators to reduce costs
and enhance operational efficiency are expected to boost the market in the
region between 2019 and 2027.
·
The pyroelectric energy harvester
market in Middle East & Africa and Latin America is anticipated to expand
at a moderate pace during the forecast period, due to rising demand for compact
and easy-to-use wireless power generators in these regions, which can supply
power to microsystems in off-grid locations
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Key Players Operating in Global Market
The global pyroelectric energy
harvester market is undergoing the nascent stage and hence, no manufacturer is
currently operating in the market
Global Pyroelectric Energy Harvester Market: Research Scope
Global Pyroelectric Energy Harvester Market, by End-user
·
Electronics
·
Medical
·
Aviation
·
Others
Global Pyroelectric Energy Harvester Market, by Application
·
Consumer Electronics
·
Temperature Sensors
·
Spacecraft
·
Others
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Wearable Electronics Segment Expected to Hold a Major Share of Global
Market
·
The global pyroelectric energy
harvester market can be segmented based on application, end-user, and region
·
In terms of application, the global
pyroelectric energy harvester market can be classified into consumer
electronics, temperature-sensing devices, spacecraft, and others. The global
consumer electronics industry is expected to witness high demand for
pyroelectric energy harvesters during the forecast period. Pyroelectric energy
harvesters are employed to power low-power devices, as they have ability to
convert thermal energy into electric energy.
·
In terms of end-user, the global
pyroelectric energy harvester market can be classified into electronics,
medical, aviation, and others. The medical segment is anticipated to witness
significant growth during the forecast period, due to rise in the demand for
maintenance-free and self-powered devices.
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