IoT Energy Harvesting Market Size, Share, Growth, and Industry Analysis, By Type (Light Energy Harvesting, Vibration Energy Harvesting, Radio Frequency Energy Harvesting and Thermal Energy Harvesting), By Application (Building & Home Automation, Consumer Electronics, Industrial, Transportation and Security) and Regional Insights and Forecast to 2033

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IoT ENERGY HARVESTING MARKET OVERVIEW

The global IoT Energy Harvesting market size was valued at USD 0.87 billion in 2025, is expected to reach USD 1.7 billion by 2033, at a CAGR of 8.6% during the forecast period.

Harvesting energy or collecting energy from the environment to power the IoT devices by converting the said captured energy into electrical energy is usually termed as the IoT energy harvesting. This method is preferred as it is reliable compared to the traditional method and the batteries powered by the harvesting method usually have a long life span. Hence it is preferred to the low life span of traditional batteries.

Benefits of IoT energy harvesting is that it prolongs the IoT device life span, as it uses renewable energy it is safe to the environment and as they are self-powered they have very low maintenance which results in low cost of operation. Due to these features the IoT energy harvesting market has had a significant growth in recent years.

LATEST TRENDS

Battery Free Trend Fueling the Market Growth

In recent years the IoT devices have moved towards less and no usage of batteries to power the devices. They have instead opted for self-powered devices with the help of renewable energies. This method has resulted in the long lasting of the IoT devices and has also reduced the cost spent on changing batteries continuously. Due to these features this method has gained popularity and has helped with the IoT energy harvesting market in the global scale.

US TARIFF IMPACT

The implementation of tariff has had a severe impact on the global IoT energy harvesting market. Some of the effects of tariff include increase in the production cost of the IoT devices, disturbance or delay in the supply chain, slower adaptation to new industry trends and less or shortage of the export or import of the IoT devices.

The percentage of tariff on the IoT device part ranges from 10% to 25% and China is considered as one of the leading providers of the IoT raw materials and impact of tariff has greatly affected the imports which in turn has affected the small scale business leading to the hindrance in the overall IoT energy harvesting market growth.

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IoT ENERGY HARVESTING MARKET SEGMENTATION

By Type

Based on type, the IoT energy harvesting market is classified into light energy harvesting, vibration energy harvesting, radio frequency energy harvesting and thermal energy harvesting.

• Light Energy Harvesting - When light from the sun is captured and harvested to produce electrical and chemical energy then it can be termed as light energy harvesting. This process is applied in many ways as renewable energy is now in demand globally. Some of the key applications that use light energy harvesting include photo polymerization, photo catalysis and solar power generation to name a few. Converting of light energy into electrical energy with the help of semiconductors, using organic materials to convert the light energy and by using photosensitizer to capture light and generate electrical energy are some of the most common ways of harvesting light energy. In the IoT devices industry the light energy harvesting is done as it requires low maintenance and uses less cost for production and supply and it is a rich renewable source of energy. The light energy harvesting market was valued at 1.108 billion USD in the year 2022 and due to increase in demand the market is expected to rise and reach a value of 1.87 billion USD by 2029.

• Vibration Energy Harvesting - Vibration energy harvesting is employed on small devices where vibrations are converted into electrical energy. This type of energy harvesting is widely done on small devices to replace the batteries and also in wireless sensors which utilizes kinetic energy from the environment to convert into electrical energy. Usually this mechanical energy is converted into electrical energy for small wireless devices, sensors and low energy consuming devices in automotive, health care and aerospace industries. The main reason this type of energy harvesting is employed is to replace batteries and prolong the life of the devices. In the IoT device industry vibration energy harvesting is done as it is a self-sustaining source of energy that prolongs the device performance with the need to change batteries continuously and they are of low cost and easy to maintain. In 2021 the vibration energy harvesting market was valued at 498.97 billion USD and with demand it is expected to rise and reach a value of 1.077 billion USD.

• Radio Frequency Energy Harvesting - This method is employed in low energy devices that use batteries to power them. By using RF energy harvesting these batteries can be replaced by electrical energy. This process is done by using antennas and rectifiers to capture the RF energy which is then converted into usable DC energy for the IoT devices. The reason for using RF energy harvesting is that it is cost efficient, eliminates the need for batteries and is also an environmentally friendly approach to renewable energy. The market for radio frequency energy harvesting was valued at 19.8 billion USD in the year 2024 and it is projected to rise and reach a value of 94.2 billion USD by the year 2031.

• Thermal Energy Harvesting - As the name suggests this harvesting method involves converting heat energy into thermal energy. In IoT devices the thermal energy harvesting is done to produce electrical energy which is in turn used in sensors and monitoring devices. Thus reducing the use of batteries. Since it is a renewable and sustainable source of energy it is widely favored and it reduces the use of batteries that could cause environmental concerns. It also improves efficiency and the longevity of the devices. Due to these features the market in 2023 was valued at 645 million USD and it is expected to expand and reach a value of 1.14 billion USD by the year 2030.

By Application

Based on Application, the global IoT energy harvesting market can be categorized into building & home automation, consumer electronics, industrial, transportation and security.

• Building & Home Automation - The sector holds a considerable market size in the IoT energy harvesting market. They are used in smart lighting as a sensor, sensors to monitor the temperature of the home and also as a motion sensor in the hallways to switch on and off the electronic appliances. This has opened a new market opportunity for the IoT energy harvesting market.

• Consumer Electronics - In the consumer electronics industry, the IoT energy harvesting devices is used instead of the battery based devices. Wireless devices, sensors and other electronic devices uses the energy harvesting method to capture the energy from the environment and convert it into electrical energy. This prolongs the lifespan of the devices. Hence, the consumer electronics industry holds a significant position in the IoT energy harvesting market.

• Industrial - In industry the IoT devices are used as it eliminates the use of batteries and also the maintenance cost of the devices. Industrial IoT devices are quite costly and by using the energy harvesting it increases the life span of the devices. Due to these factors IoT devices are increasingly used in the Industrial sector and this has led to the significant market growth.

• Transportation - In the transportation industry they are used as a sensor that monitor the condition of the bridges, roads and infrastructure. They are responsible for the smooth flow of the vehicles during the traffic. This has played a key role in the market growth.

• Security - In the security industry they are used in cryptography, blockchain, machine learning and AI. The IoT devices are used to protect the data of the users and ensure safe and secure usage of the modern devices. This has resulted in the market growth globally.

MARKET DYNAMICS

Market dynamics includes driving and restraining factor, opportunities and challenges stating the market conditions.

Driving Factors

Environment Friendly Factor Fueling the Market

The main problem that the IoT devices industry faces is the use of batteries to make the device function. This results to more wastage and environmental damage which could severely affect the environment in the long run. Using energy harvesting methods can easy reduce the use of batteries and since it is sustainable and renewable source of energy it causes not environmental effects. Hence it has become more reliable. This has become the key driving factor for the growth of the IoT energy harvesting market in the global scale.

Cost Reduction Boosting the Market Growth

Most of the times these IoT devices are used in the remote locations. Some examples include sensors, industrial equipment and actuators and these devices uses batteries to function. These batteries can be very hard to replace and causes environmental hazards when disposed.

By using the renewable and sustainable energy form the energy harvesting methods, these IoT devices can function without the use of the batteries and it also prolongs the life span of the IoT devices. This leads to reduction is the cost of installing and managing the IoT devices. Hence it has also played a role in the IoT energy harvesting growth.

Restraning Factor

Degradation Factor Restraining the Market Growth

The energy harvested from the renewable sources are very hard to store and storing them in batteries and other capacitors have an expire date as they degrade with time. This can negatively impact the overall performance of these IoT devices and even impacting the lifespan of these devices. This degradation factor acts as a restraining factor for the IoT energy harvesting market.

Formation Smart Cities Opening New Opportunities for the Market Growth

Opportunity

Energy harvesting helps with the city management as the IoT devices which uses these harvested energies are used in the traffic management, water management, infrastructure construction and even in environmental management in the urban construction. These features have opened the market to new opportunities and has resulted in the IoT energy harvesting market to grow globally.

Unstable Supply of Energy Challenging the Market Growth

Challenge

As the energies are harvested from renewable sources such as wind, vibration and solar sources they may not be available continuously for the harvesting. Environmental factors play a vital role in the amount of energy harvested. This can lead to fluctuation in the amount of renewable energy converted into electrical energy which in turn can lead to fluctuations in the supply of the renewable electrical energy to the IoT devices. This pose as a challenge for the growth of the IoT energy harvesting market.

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IoT ENERGY HARVESTING MARKET REGIONAL INSIGHTS

• North America

The US IoT energy harvesting market is seeing a considerable growth. This is due to the use of use of the IoT devices powered by these renewable source of energy in a wide range of industries. Some of those application include in smart homes which as smart kitchens where they are employed in sensors. In industries they are used to power the sensors that are normally powered by batteries and they are also used in smartwatches and trackers.

Due to the rise in demand the US IoT energy harvesting market in 2023 was valued at 0.56 billion USD and as this market is projected to have an upward trajectory, it is expected to reach 1.2 billion USD by 2030 with a CAGR of 9.83% during the forecast period.

• Europe

The Europe holds a significant in the global IoT Energy harvesting market share. This growth is mainly due to increasing trends surrounding the renewable and sustainable sources of energy, focusing on ambient energy compared to batteries. These energies are long lasting and by using them the customers will consume less batteries for their industries.

Due to increase in demand there has been collaborations between the research industry and educational institutes to come up with new trends and innovative methods to incorporate the harvested energy in everyday life. New strategies to collect and store these energies for long time.

In Europe countries like Spain and Italy are the fastest growing countries in the energy harvesting industry. The Europe market is expected to reach a value of 0.94 billion USD by 2030.

• Asia

The Asian IoT energy harvesting market is a rapidly growing market and the growth is fueled by the increase in the smart cities in the developing countries and the implementation if modern technologies in the IoT devices. Countries like China play a key role in the growth of the Asian market.

With the help of the developing countries India and Dominant player like China helping the market, its value is expected to reach 166.13 million USD by 2028.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

The key industry players are the dominant players in the IoT energy harvesting market. They invest in research and development and come up with new trends to boost the market growth. Key players are responsible for the distribution and supply of the end products to the users.

They take care of the global and regional IoT energy Harvesting market and come up with new strategies to promote the market growth.

LIST OF KEY Iot ENERGY HARVESTING COMPANIES

• Greenpeak Technology B.V. (Netherlands)
• General Electric (US)
• Mide Technology (US)
• STMicroelectronics (Switzerland)
• Lord Microstrain (US)
• Cymbet Corporation (US)
• Linear Technology (US)
• Convergence Wireless (US)
• ABB Limited (Switzerland)
• Powercast Corporation (US)
• Fujitsu Limited (Japan)
• EnOcean GmbH (Germany)
• Cypress Semiconductors Corporation (US)
• Microchip Technology Inc. (US)
• Texas Instruments Incorporated (US)
• Honeywell International Inc. (US)

KEY INDUSTRY DEVELOPMENT

March 2024: An energy harvesting company from Switzerland called the STMicroelectronics introduced STM32U0 which is a microcontroller for the wide variety of industries such as healthcare, smart metering, industrial and consumer applications. These microcontrollers are ultra-low powered which then reduces the use of energy by 50%, this in turn enables the use of batteries and IoT devices for a long time.

REPORT COVERAGE

This report covers the basis of the IoT energy harvesting and its market in the global scale. The latest trends and the US tariff that impact the market growth. The segmentation of the IoT energy harvesting based on type and application and their contribution to the market growth.

The driving factors and opportunities that fuel the market growth and the restraining factors and challenges that impact the growth of the market. IoT energy harvesting market regional impact on the market. The role of key players in the market growth the key industry players and key development that fuel the market growth.