Overview and Scope
Radiofrequency (RF) energy harvesting refers to the process of capturing electromagnetic energy from radio frequency sources such as Wi-Fi, cellular, or broadcast transmissions. This harvested energy is converted into electrical power to sustainably power low-power electronic devices and sensors without the need for traditional batteries or wired power sources, enabling wireless connectivity and autonomous operation in various applications.
Sizing and Forecast
The radio frequency (RF) energy harvesting market size has grown exponentially in recent years. It will grow from $17 billion in 2023 to $21.8 billion in 2024 at a compound annual growth rate (CAGR) of 28.5%. The growth in the historic period can be attributed to the proliferation of wireless communication technologies, growing concerns over energy consumption, expansion of interconnected devices and networks, growing awareness of environmental issues, supportive policies, incentives, and regulations promoting energy efficiency.
The radio frequency (RF) energy harvesting market size is expected to see exponential growth in the next few years. It will grow to $59.32 billion in 2028 at a compound annual growth rate (CAGR) of 28.4%. The growth in the forecast period can be attributed to growing deployment of Internet of Things (IoT) devices, rise in energy efficiency initiatives, increasing adoption of wireless sensor networks, development of smart cities, increasing investments in renewable energy. Major trends in the forecast period include advancements in efficiency, the emergence of smart buildings, focus on environmental sustainability, integration with wireless communication standards, the trend towards smaller and more integrated electronic devices.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/radio-frequency-rf-energy-harvesting-global-market-report
Segmentation & Regional Insights
The radio frequency (RF) energy harvesting market covered in this report is segmented –
1) By Component: Transducer, Photovoltaic And Electrodynamic, Thermoelectric And Radio Frequency (RF) transducer, Power Management Integrated Circuit, Secondary Battery
2) By Energy Source: Electric, Gravitational, Magnetic, Nuclear, Thermal, Chemical, Mechanical, Radiation
3) By Frequency Range: Low Frequency (<1 GHz), Medium Frequency (1-10 GHz), High Frequency (>10 GHz)
4) By Application: Wireless Switching System, Wireless Heating, Ventilation, And Air Conditioning (HVAC) System, Wireless Sensing And Telematics System, Tire Pressure Monitoring System, Asset Tracking System, Remote Health Monitoring System, Regenerative Energy Harvesting System
5) By End-User Industry: Electronics, Healthcare, Defense And Aerospace, Automotive, Telecommunications
North America was the largest region in the radio frequency (RF) energy harvesting market in 2023. The regions covered in the radio frequency (RF) energy harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14984&type=smp
Major Driver Impacting Market Growth
The growing demand for IoT and wireless devices is expected to propel the growth of the radio frequency (RF) energy harvesting market going forward. IoT (Internet of Things) and wireless devices refer to interconnected devices that can communicate with each other wirelessly, enabling data exchange and remote control functionalities over the internet. The increasing demand for IoT and wireless devices can be attributed to the proliferation of internet connectivity, the adoption of IoT technology, and the decreasing costs of hardware components. Radio frequency (RF) energy harvesting is used to generate a modest amount of electrical power, which is utilized to activate specific circuits in wireless communication electronic devices. For instance, in September 2023, according to Ericsson, a Sweden-based telecommunications company, global IoT connections reached 15.7 billion connections in 2023 and are expected to increase by 16% to 38.9 billion connections by 2029. Therefore, the growing demand for IoT and wireless devices is driving the growth of the radio frequency (RF) energy harvesting market.
Key Industry Players
Major companies operating in the radio frequency (RF) energy harvesting market are ZF Friedrichshafen AG, Arrow Electronics Inc., ABB Limited, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Texas Instruments Incorporated , NXP Semiconductors N.V., Microchip Technology Inc, Cadence Design Systems Inc., Silicon Laboratories Inc., Mouser Electronics Inc., PowerFilm Inc., Everactive Inc, Enocean GmbH, Mide Technology Corp, Drayson Technologies Ltd, Nikola Labs Inc., Powercast Corp, Sodaq B.V., ONiO, Micropelt GmbH, e-peas S.A., Wiliot Inc
The radio frequency (rf) energy harvesting market report table of contents includes:
1. Executive Summary
2. Radio Frequency (RF) Energy Harvesting Market Characteristics
3. Radio Frequency (RF) Energy Harvesting Market Trends And Strategies
4. Radio Frequency (RF) Energy Harvesting Market – Macro Economic Scenario
5. Global Radio Frequency (RF) Energy Harvesting Market Size and Growth
…
32. Global Radio Frequency (RF) Energy Harvesting Market Competitive Benchmarking
33. Global Radio Frequency (RF) Energy Harvesting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Radio Frequency (RF) Energy Harvesting Market
35. Radio Frequency (RF) Energy Harvesting Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
