Energy Harvesting System Market Worth $974.4 Million by 2022
Building and home automation application segment is leading the market
PUNE, India — The global energy harvesting system market is forecast to reach $974.4 million by 2022, increasing at a compound annual growth rate (CAGR) of 19.6 percent between 2016 and 2022, according to a new market research report published by MarketsandMarkets.
The factors driving the energy harvesting system market include the demand for a safe and durable power source, the extensive implementation of Internet of Things (IoT) devices for building automation, and the increasing number of green environmental initiatives by governments.