The major factors driving the growth of the energy harvesting system market include the growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance, extensive implementation of IoT devices in automation and energy harvesting technology in building and home automation, and increasing trend for green energy and favorable  initiatives by the governments.

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The light energy harvesting technology is likely to propel the energy harvesting system market growth. The light energy harvesting technology has been extensively adopted because of the wide availability of solar energy source and availability of advanced research on the technology.

The energy harvesting system market for the building and home automation application is likely to grow at the highest rate during the forecast period owing to the increasing adoption in the Americas and Europe of energy harvesting devices in building and home automation applications.

Transducers and secondary batteries are expected to contribute significantly in energy harvesting system market owing to the increasing adoption of transducer devices such as photovoltaic cells and piezoelectric devices to generate energy for low-power devices. The devices are largely used in building and home automation applications to power devices such as occupancy sensors, smoke detectors, heaters, lighting control devices, switches, and gateways.