As per the comprehensive analysis by Market Research Future (MRFR), the Global Energy Harvesting Market is predicted to have a lavish growth trajectory, reaching the value of USD 1,126 Million during the forecast period (2018-2023).
Energy harvesting trees have the ability to trap infinite energy from the surrounding energy sources, offering an innovative way for the generation of clean energy which is also sustainable. Renewable energy is emerging as the power source for future use owing to the continuously depleting resources of fossil fuels. Energy harvesting is considered an alternative technique for solving the problem of energy scarcity for the purpose of energy conservation. Growing cost of fossil fuels serves as an area for concern. Therefore, the increasing scarcity of non-renewable resources coupled with the growing energy demands of the expanding population presents various growth opportunities to the global energy harvesting trees market.
With sharper focus on sustainability combined with the growing initiatives for reduction of carbon footprint on the environment, numerous countries are encouraging the use of renewable energy sources. This factor serves to bolster the demand for global energy harvesting trees market. Conventional energy harvesting techniques rely heavily on vast expanses of land, as well as large and expensive transmission networks that ultimately reduce the amount of available power owing to transmission loss. Moreover, energy harvesting trees are comparatively more efficient than traditional solar energy systems, generating maximum amount of energy with minimum land usage for solar parking. These benefits propel the demand for energy harvesting trees, pushing the growth of the global market in an upward trajectory.
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The market for energy harvesting trees is segmented on the basis of Component, Technology, and Application.
- Long Tower
- Light Emitting Diodes (Leds)
- Photovoltaic (PV)
- Thermovoltaics (TV)
- Piezovoltaic (PZ)
The energy harvesting trees market is segmented into the key regions of Europe, North America, Asia-Pacific, and Rest of the World.
The key vendors contributing to the global energy harvesting trees market include
- Spotlight Solar
- Creative Smart Innovations
- Solar Botanic
- Green World Investor
- Lucid Management Group
- Envision Solar
A KAIST research team has successfully measured and controlled the near-field thermal radiation between the various metallo-dielectric (MD) multilayer structures. The thermal radiation control technology developed by the team is applied to the thermophotovoltaic cells, which has the potential to be applied to a sustainable energy source for internet of things (IoT) sensors.
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1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.2 Research Process
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Energy Harvesting Trees Market, By Component
5 Global Energy Harvesting Trees Market, By Technology
6 Global Energy Harvesting Trees Market, By Application
7 Regional Market Analysis
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