Spain Energy Harvesting System Market Size & Outlook
Spain energy harvesting system market, 2016-2028 (US$M)
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Spain energy harvesting system market highlights
- The Spain energy harvesting system market generated a revenue of USD 17.2 million in 2019 and is expected to reach USD 30.9 million by 2028.
- The Spain market is expected to grow at a CAGR of 6.7% from 2020 to 2028.
- In terms of segment, home and building automation 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 17.2 million |
| Market revenue in 2028 | USD 30.9 million |
| Growth rate | 6.7% (CAGR from 2019 to 2028) |
| Largest segment | Home and building automation |
| 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, Spain accounted for 3.1% 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 Europe, Germany energy harvesting system market is projected to lead the regional market in terms of revenue in 2028.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 51.5 million by 2028.
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Energy Harvesting System Market Scope
Energy Harvesting System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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.
Home and building automation was the largest segment with a revenue share of 34.3% in 2019. Horizon Databook has segmented the Spain 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.
The country’s energy harvesting systems market has been driven by government’s support to enhance Internet of Things technology across end-user industries. For instance, in 2018, in Barcelona, around 20,000 sensors were installed to measure public transport and air quality; with this deployment, the city further plans for digital transformation.
Also, Madrid in 2018 launched a series of IoT measures to combat pollution and mobility across applications such as public transportation, air quality detectors, smart traffic lights, sensors that will track and monitor the parking space and traffic. Moreover, Spanish cities such as Valencia, Málaga, Coruña, Santander, Bilbao, and Ávila are taking initiatives to adopt IoT technologies.
New startups are also raising funding from investors to progress innovative product development. For instance, in January 2021, Barbara IoT, a Spain-based startup company, closed a round of over USD 469.46 thousand (Euro 400k) to develop its operating system for industrial IoT.
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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 Spain energy harvesting system market , including forecasts for subscribers. This country databook contains high-level insights into Spain energy harvesting system market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Spain energy harvesting system market size, by application, 2016-2028 (US$M)
Spain Energy Harvesting System Market Outlook Share, 2019 & 2028 (US$M)
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