South Korea Energy Harvesting System Market Size & Outlook
South Korea energy harvesting system market, 2016-2028 (US$M)
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South Korea energy harvesting system market highlights
- The South Korea energy harvesting system market generated a revenue of USD 14.0 million in 2019 and is expected to reach USD 28.5 million by 2028.
- The South Korea market is expected to grow at a CAGR of 8.2% 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 14.0 million |
| Market revenue in 2028 | USD 28.5 million |
| Growth rate | 8.2% (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, South Korea accounted for 2.5% 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 Asia Pacific, China energy harvesting system market is projected to lead the regional market in terms of revenue in 2028.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 23.1 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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South Korea 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 31.43% in 2019. Horizon Databook has segmented the South Korea 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.
Vendor collaborations have resulted in the launch of energy harvesting systems for various applications such as home and building automation, consumer technology, and industrial. It has resulted in a rise in demand for smart homes and building automation in new construction sites, which have resulted in boosting the usage of energy harvesting systems in the country.
Further, the government has established a national plan to promote zero-energy buildings to respond to energy crises and climate change. Hence, Building Energy Efficiency Certification System aims to support the expansion of highly efficient infrastructure by assessing and verifying the building energy performance.
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Target buyers of South Korea energy harvesting system market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea energy harvesting system market , including forecasts for subscribers. This country databook contains high-level insights into South Korea energy harvesting system market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea energy harvesting system market size, by application, 2016-2028 (US$M)
South Korea Energy Harvesting System Market Outlook Share, 2019 & 2028 (US$M)
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