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Energy Harvesting Systems Market to Be Worth $1.0 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., July 1, 2024 /PRNewswire/ — According to a new market research report titled, ‘Energy Harvesting Systems Market by Component, Energy Source (Solar, Thermal), Application (Tracking and Monitoring, Smart Building and Infrastructure), End User (Consumer Electronics, Healthcare), and Geography—Global Forecast to 2031,’ the global energy harvesting systems market is projected to reach $1.0 billion by 2031, at a CAGR of 10.3% from 2024–2031.

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Energy harvesting is the process of capturing energy from a system’s environment and converting it into usable electric power. It enables electronic components to operate where conventional power sources are unavailable, eliminating the need for wired connections and frequent battery replacements. Energy harvesting involves obtaining energy from sources like solar radiation, thermal gradients, wind, changes in ocean salinity, and kinetic motion to power low-energy electronics. Energy harvesting systems are widely used across various applications, including tracking & monitoring, wearable electronics, smart buildings & infrastructure, environmental monitoring systems, and healthcare & medical devices.

The growth of this market is driven by the increasing adoption of energy harvesting systems in rural areas and the growing need to harvest energy from sustainable sources. However, the high initial investment requirements for the installation of energy harvesting systems restrain the growth of this market.

Furthermore, the integration of sensors in wearable electronics and advancements in ocean energy harvesting technologies are expected to create market growth opportunities. However, the lack of awareness regarding energy harvesting systems is a major challenge impacting the market’s growth.

Additionally, favorable government initiatives aimed at promoting the use of green energy and ensuring sustainable development are prominent trends in this market.

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The global energy harvesting systems market is segmented by component (power management solutions, sensors, transmitters, and other components), energy source (solar energy, thermal energy, chemical energy, magnetic energy, tidal energy, and other energy sources), application (tracking and monitoring, wireless sensor networks, wearable electronics, smart building and infrastructure, environmental monitoring systems, industrial automation, healthcare and medical devices, and other applications), end user (consumer electronics, military & aerospace, automotive, healthcare, agriculture, energy & utilities, transportation, and other end users), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on component, in 2024, the power management solutions segment is expected to account for the largest share of over 27.0% of the global energy harvesting systems market. However, the sensors segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by the increasing adoption of sensors to measure various parameters within heat exchangers and actuators and their integration into a wide range of energy harvesting systems for signal processing, communication, and data collection functions.

Based on energy source, in 2024, the solar energy segment is expected to account for the largest share of around 35.0% of the global energy harvesting systems market. This segment’s large market share can be attributed to the increasing need for efficient battery charging solutions and the rising use of solar energy in applications such as water & space heating. However, the thermal energy segment is expected to register the highest CAGR during the forecast period.

Based on application, in 2024, the tracking and monitoring segment is expected to account for the largest share of around 24.0% of the energy harvesting systems market. This segment’s large market share can be attributed to the rising need to track & monitor the physical location and status of mobile objects and the increasing adoption of energy harvesting technologies to enable autonomous operation without frequent battery replacements or external power sources. These systems can seamlessly integrate with IoT networks and wireless communication protocols used in asset tracking.

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However, the smart building and infrastructure segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by the increasing adoption of energy harvesting systems to support green building initiatives aimed at reducing reliance on conventional energy sources. Moreover, energy harvesting offers long-term cost savings by enabling lower energy bills and reduced maintenance expenses typically associated with battery replacements. Additionally, these systems mitigate the risk of system downtime and disruptions, ensuring consistent operation of critical building functions such as lighting, HVAC, and security systems. These benefits are expected to drive the demand for energy harvesting systems for smart building and infrastructure applications during the forecast period.

Based on end user, in 2024, the consumer electronics segment is expected to account for the largest share of around 51.0% of the energy harvesting systems market. However, the healthcare segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by the increasing integration of energy harvesting systems into medical devices, enabling them to operate autonomously without the need for frequent battery changes. Additionally, the rising integration of energy harvesting systems into IoT platforms and healthcare information systems for real-time data transmission and analysis contributes to this segment’s growth.

Based on geography, in 2024, North America is expected to account for the largest share of around 34.0% of the energy harvesting systems market. North America’s significant market share can be attributed to the growing adoption of energy harvesting systems in home automation, industrial, and transportation applications, government initiatives aimed at promoting the use of zero-emission energy sources, including hydro, wind, solar, and nuclear energy, and the increasing demand for green energy across industrial, residential, and consumer sectors in the region.

However, the market in Asia-Pacific is projected to register the highest CAGR of over 14.0% during the forecast period. The growth of this regional market is driven by the rising demand for electricity in the region’s industrial sector, the increasing adoption of ultra-low-power devices to enhance energy efficiency, initiatives to expand interconnected grids to improve flexibility & energy security, and the rising use of cost-effective power sources to reduce reliance on fossil fuels.

The key players operating in the energy harvesting systems market are ABB Ltd (Switzerland), Analog Devices, Inc. (U.S.), Texas Instruments Incorporated (U.S.), STMicroelectronics International N.V. (Switzerland), e-peas SA (Belgium), Infineon Technologies AG (Germany), Honeywell International Inc. (U.S.), Microchip Technology Inc. (U.S.), Renesas Electronics Corporation (Japan), EnOcean GmbH (Germany), Advanced Linear Devices, Inc. (U.S.), Piezo.com (U.S.), Powercast Corporation (U.S.), Laird Thermal Systems, Inc. (U.S.), and DCO Systems Limited (U.K.).

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Scope of the Report:

Energy Harvesting Systems Market Assessment—by Component

Power Management SolutionsPower Management Integrated Circuits (PMICS)ConvertersRegulatorsControllersSensorsTransmittersOther Components

Energy Harvesting Systems Market Assessment—by Energy Source

Solar EnergyThermal EnergyChemical EnergyMagnetic EnergyTidal EnergyOther Energy Sources

Energy Harvesting Systems Market Assessment—by Application

Tracking and MonitoringWireless sensor networksWearable ElectronicsSmart Building and InfrastructureEnvironmental Monitoring SystemsIndustrial AutomationHealthcare and Medical DevicesOther Applications

Energy Harvesting Systems Market Assessment—by End User

Consumer ElectronicsMilitary & AerospaceAutomotiveHealthcareAgricultureEnergy & UtilitiesTransportationOther End Users

Energy Harvesting Systems Market Assessment—by Geography

North America   U.S.CanadaEurope GermanyU.K.FranceItalyNetherlandsSpainSwedenRest of EuropeAsia-Pacific         JapanChinaIndiaSouth KoreaSingaporeAustralia & New ZealandIndonesiaRest of Asia-PacificLatin America     MexicoBrazilRest of Latin AmericaMiddle East & Africa         UAESaudi ArabiaIsraelRest of Middle East & Africa

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Smart Energy Management Market by Energy Source (Renewable, Non-Renewable), Offering, Function (Operation, Energy Management, Distribution, Storage, Grid Security), End User (Utility Providers, Consumers) and Geography – Global Forecasts to 2029

Battery Energy Storage System Market by Battery Type, Offering, Connection Type, Ownership, Energy Capacity, and Application (Residential, Commercial, and Utilities) – Global Forecast to 2030

Energy Infrastructure for EV Charging Stations Market By Component (Transformers, Electric Distribution Systems), Number of EVSE, Energy Source (Renewable Energy Sources, Non-renewable Energy Sources), and Geography —Global Forecast to 2029

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Brownfield Is the Real Test of Automation: How ForwardX Scaled 484 AMRs in a Live Auto OEM Factory Without Production Downtime

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June 18, 2026

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Chery Dalian by the Numbers：

484 AMRs deployed across the facility~1,000 vehicles produced daily127 material categories automatedBodyshop and Final Assembly workshops coveredProduction maintained throughout deployment

BEIJING, June 18, 2026 /PRNewswire/ — Most automotive factories are not built for automation. They are built for production.

More than one year after deployment began, ForwardX’s AMR system continues to scale across Chery Automobile’s Dalian manufacturing facility without disrupting production. Today, the project ranks among the largest brownfield AMR deployments in the automotive industry.

That reality makes brownfield automation one of the industry’s most difficult challenges. Unlike greenfield facilities, existing factories must modernize while maintaining output. Automation must adapt to legacy systems, fixed layouts, and active operations rather than being designed into the facility from the start.

With a fleet of 484 AMRs, the deployment continues to expand while production remains fully operational, allowing automation to scale without major reconstruction or factory shutdowns.

The Chery Dalian facility produces approximately 1,000 vehicles per day, making production continuity a critical operational requirement. Across its welding and final assembly workshops, AMRs support a wide range of intralogistics processes, including line-side delivery, SPS cart transportation, powertrain delivery, and empty-container return.

In the Bodyshop, 204 AMRs currently support delivery of 32 material categories, covering more than 80% of required material demand. In final assembly, 280 AMRs manage transportation for 95 material categories, supporting nearly 90% of assembly-line material requirements.

Brownfield success depends on much more than vehicle autonomy.

Existing factories present a unique set of challenges: limited line-side space, mixed traffic involving workers and forklifts, legacy IT infrastructure, changing production requirements, and minimal deployment windows. The challenge is transforming an existing logistics system without disrupting production. While many automation projects demonstrate success at the pilot stage, scaling to hundreds of robots in active automotive production environments is a different challenge altogether.

To address these challenges, ForwardX combined vision-based autonomy, fleet orchestration, manufacturing integration, and phased implementation strategies. Rather than requiring major facility changes, the deployment was integrated into existing production and logistics workflows.

The system operates alongside workers, conveyors, robotic equipment, and existing material-handling assets. Through phased rollout and continuous optimization, automation was introduced progressively while maintaining production stability.

“The challenge is transforming an operating factory while protecting production,” said Nicolas Chee, Founder and CEO of ForwardX Robotics. “Brownfield automation requires much more than robotics. It requires integration, orchestration, and a deep understanding of manufacturing operations.”

As OEMs and Tier 1 suppliers continue upgrading existing facilities, brownfield transformation is becoming a key focus across the automotive industry.

For most manufacturers, future automation investments will be deployed inside existing factories rather than new ones.

Greenfield projects prove that robots can operate.
Brownfield projects prove that automation can scale inside real-world manufacturing environments.
Chery Dalian demonstrates what that transformation looks like in practice.

Want the full story?
Download the Chery Dalian Brownfield Automation White Paper here: https://www.forwardx.com/ 

Join us at Automate 2026 in Booth #1025 to experience the future of automotive logistics.

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RPI Consultants Launches Invoice Statement Reconciliation in Yoga for FSM

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June 18, 2026

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BALTIMORE, June 18, 2026 /PRNewswire/ — RPI Consultants, a leading ERP implementation, optimization, and software firm, has launched Invoice Statement Reconciliation for its Yoga for FSM accounts payable (AP) solution. The new feature matches vendor statements against AP data, researches unmatched lines, and automatically surfaces exceptions.

The feature was introduced to address ongoing vendor statement reconciliation challenges. Teams often receive statements of what vendors believe they’re owed, then spend hours cross-referencing invoice records against PDFs and tracking open items in spreadsheets. As a result, mismatches go unnoticed and missed invoices show up as unexpected costs.

Yoga’s Invoice Statement Reconciliation simplifies the process by capturing every vendor statement, creating a clean workspace for the reviewer, and running pre-investigation on every unmatched line; including fuzzy invoice-number search, amount matching, PO and payment-history lookups. The solution flags and resolves exceptions as they enter the system.

For teams that operate in complex AP environments, Invoice Statement Reconciliation also supports optional accrual tracking and automation. When an invoice hasn’t arrived yet, Yoga can track the accrual and automate its reversal when it does, with all activity confirmed in the ERP.

“AP teams shouldn’t be spending hours reconciling spreadsheets against PDF statements,” said Chad Tucker, VP Yoga Software. “Yoga does the research before the reviewer ever opens the statement, saving them time so that they can instead focus their efforts on higher value work.”

Yoga for FSM seamlessly integrates with Infor CloudSuite, Lawson V10, and Workday. The solution is fully hosted and managed by RPI and is built on more than 25 years of AP automation experience across hundreds of client engagements. To learn more about Yoga’s Invoice Statement Reconciliation, visit www.rpic.com/how-tos/invoice-statement-reconciliation-in-yoga/.

About RPI Consultants
RPI Consultants is an ERP implementation, optimization, and software firm with over 25 years of experience delivering best practices through technology, systems integration, and process redesign. As a premier Infor CloudSuite implementation partner, RPI prides itself on providing customers with the expertise and strategic thought leadership they need to be successful. For more information on RPI, visit www.rpic.com.

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VODA.ai Introduces Advisor, a Conversational and Agentic Decision Support AI for Water Utilities and Engineering Consultants

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June 18, 2026

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BOSTON, June 18, 2026 /PRNewswire/ — VODA.ai, the leading AI decision support software for water utilities, announced today VODA.ai Advisor, a conversational and agentic AI that helps water professionals move from data to decisions faster.

Built specifically for water utilities and engineering consultants, VODA.ai Advisor allows users to interact with intelligent planning and analytics workflows through simple natural language. Users can ask VODA.ai Advisor to generate project plans, adjust criteria and settings, evaluate scenarios, and provide advice on industry best practices to support more informed decision-making.

“Every person at a utility should be able to turn data into a decision,” said Benjamin Schroeder, CTO of VODA.ai. “We are building VODA.ai Advisor to give everyone at a utility a faster way to ask questions, understand risk, explain recommendations, and move from analysis to action. It helps everyone access the insight they need to make better infrastructure decisions.”

VODA.ai Advisor supports pipe replacement planning, project justification and verification, meter revenue protection, lead service line programs, water loss initiatives, executive reporting, and project prioritization. The VODA.ai team will be demonstrating its capabilities at the 2026 American Water Works Association ACE Conference in Washington, D.C.

As AI reshapes how organizations interact with data, VODA.ai is expanding its native AI capabilities and bringing that shift to the water sector. With VODA.ai Advisor, utilities and their partners can simplify sophisticated analysis, unlock insights faster, and make confident decisions about the infrastructure their communities rely on every day.

VODA.ai Advisor will be available to customers later this year.

About VODA.ai 

VODA.ai provides AI decision support software for water professionals. The company helps turn infrastructure data into defensible decisions that prevent failures, prioritize capital, reduce risk, and protect revenue. VODA.ai supports utilities and engineering consultants with predictive analytics for pipe risk, meter accuracy, capital planning, lead service line management, and other critical infrastructure challenges. 

For more information, visit www.voda.ai. 

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