Energy Harvesting to Drive Semiconductor Sales to $3 Billion by 2020
May 16, 2016 | Semico ResearchEstimated reading time: 2 minutes
Whether it's the Internet of Things (IoT), wearables, or industrial automation, new devices and applications are portable, battery-operated and require continuous power. Wireless connectivity is required for connecting to the Internet. Today's devices collect and transmit data from sensors, are always or almost always on and require power. The semiconductor industry has met the challenge to design devices for low power operation. But eventually batteries still run out of energy and have to be replaced or recharged. Energy harvesting can extend battery life or possibly replace batteries altogether for continuous operation. The new Semico Research report "Energy Harvesting: The Next Billion Dollar Market for Semiconductors" projects semiconductor sales for this market will reach $3 billion by 2020.
An energy harvesting solution requires more than just the energy harvester or transducer. The key components include a power converter, power management IC (PMIC), MCU, and energy storage. "An ecosystem of semiconductor vendors is emerging for the nascent energy harvesting market," says Tony Massimini, Semico Research's Chief of Technology. "The ecosystems are gravitating around the vendors of key power components. They are forming partnerships with producers of energy harvesters, battery suppliers, and other components."
This study examines the market opportunity for energy harvesting outside of large installations and commercial power generation. A broad range of markets will employ energy harvesting to either replace batteries or extend battery life. These applications cover wireless sensor nodes (WSN) for bridges, infrastructure, building automation and controls, and home automation (including lighting, security and environmental). Energy harvesting will grow in automotive applications, cell phones, wearables and other consumer electronics.
"The vendors of MCUs, sensors, RF, analog and other components will continue to develop lower power devices", according to Massimini. "While this puts less drain on a battery and will extend its life, it also lessens the load for an energy harvesting solution. Energy harvesting solutions are also expected to improve during the forecast period."
The ASPs for the semiconductor components continue to decline, lowering the costs for an energy harvesting solution. This is driving higher penetration rates.
Key findings of the report include:
- The number of energy harvesting solutions will grow to 777 million units by 2020 (CAGR '15 to '20 = 80.6%).
- Smartphone market will become the largest by volume by 2020.
- WSN in commercial and industrial applications, including bridges, will be the second largest market by 2020
- Semiconductor revenues in Energy Harvesting will reach $3 billion by 2020(CAGR '15 to '20 = 71.4%).
In its recent report "Energy Harvesting: The Next Billion Dollar Marketfor Semiconductors" (MP112-16), presents the market for energy harvesting by key end use markets and the semiconductor content. Readers will see which market segment is growing fastest and which semiconductor components account for sales potential. The report discusses the latest trends in energy harvesting, the growing ecosystem, and technical innovations. Included are profiles of silicon vendors involved with energy harvesting and other key vendors in the ecosystem. The report is 70 pages long and includes 11 tables and 24 figures.
Companies cited in the report: Analog Devices, Atmel, Audience, Cherry Switches, Cymbet, Cypress, enOcean, Linear Technology, Maxim Integrated, Microchip Technology, NXP, Powercast, Renesas, Semtech, Silicon Labs, Silicon Reef, STmicroelectronics, Texas Instruments, Imprint Energy, Sakti3, Solid Power, Apple, Laird, MicroGen, Micropelt, Thermo Life, Thermogen Technologies, Sanyo, EnerBee, Energy Harvesters, K3OPS, Nikola Labs and Imec.
About Semico
Semico is a semiconductor marketing & consulting research company located in Phoenix, Arizona.
Semico was founded in 1994 by a group of semiconductor industry experts. We have improved the validity of semiconductor product forecasts via technology roadmaps in end-use markets.
Semico offers custom consulting, portfolio packages, individual market research studies and premier industry conferences.
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