Saudi Arabia Energy Harvesting System Market Size & Outlook
Saudi Arabia energy harvesting system market, 2016-2028 (US$M)
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Saudi Arabia energy harvesting system market highlights
- The Saudi Arabia energy harvesting system market generated a revenue of USD 7.6 million in 2019 and is expected to reach USD 12.6 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 5.8% from 2020 to 2028.
- In terms of segment, industrial was the largest revenue generating application in 2019.
- Home and Building Automation is the most lucrative application segment registering the fastest growth during the forecast period.
Energy harvesting system market data book summary
| Market revenue in 2019 | USD 7.6 million |
| Market revenue in 2028 | USD 12.6 million |
| Growth rate | 5.8% (CAGR from 2019 to 2028) |
| Largest segment | Industrial |
| Fastest growing segment | Home and Building Automation |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Technology, Home and Building Automation, Industrial, Transportation, Security |
| Key market players worldwide | ABB Ltd, Schneider Electric SE, Ekso Bionics Holdings Inc, STMicroelectronics NV, Analog Devices Inc, Texas Instruments Inc, Cymbria Corp Class A, Energean PLC, Power Corporation of Canada Shs Subord.Voting, MAHLE |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.4% of the global energy harvesting system market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, Saudi Arabia energy harvesting system market is projected to lead the regional market in terms of revenue in 2028.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9.3 million by 2028.
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Energy Harvesting System Market Scope
Energy Harvesting System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia energy harvesting system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to energy harvesting system market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 31.58% in 2019. Horizon Databook has segmented the Saudi Arabia energy harvesting system market based on consumer technology, home and building automation, industrial, transportation, security covering the revenue growth of each sub-segment from 2016 to 2028.
Government in Saudi Arabia is taking significant steps to increase the number of smart cities in the country. For instance, in April 2017 “the Ministry of Municipal and Rural Affairs” launched the “application of smart city concepts” initiative as one of the projects for municipal transformation under the “National Transformation Program 2020” and “Vision 2030”.
The initiative had targeted five cities in the country by 2020 to carry out some of the smart city projects in partnership with the private sector. Smart cities as per government definition will include smart buildings, smart security services, smart transportation systems, and smart street lighting systems as some of the major components.
Further, in October 2017, the government announced that it will build a smart zero-carbon mega-city called Neom in the country which is expected to complete by 2025. These factors are expected to boost the deployment of IoT devices in the country that will also aid the growth of energy harvesting systems in Saudi Arabia over the forecast period.
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Our clientele includes a mix of energy harvesting system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia energy harvesting system market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia energy harvesting system market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia energy harvesting system market size, by application, 2016-2028 (US$M)
Saudi Arabia Energy Harvesting System Market Outlook Share, 2019 & 2028 (US$M)
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