The detailed
report published by Market Research Future (MRFR) projects that the global energy harvesting trees market is
marked to exhibit noteworthy expansion at a CAGR of 12.02 percent during the
forecast period of 2017-2023. The global energy harvesting trees market is also
anticipated to reach the market valuation
of USD 1,126 Mn by the end of the review
period. Rapid adoption of green sources for electricity in order to fulfill the growing demand for energy, especially in
the developing economies, as a result of
rapid industrialization, urbanization, and rise in population, increased demand
for alternative energy solutions due to the
growing awareness regarding the adverse effects caused on environment by
depletion and combustion of fossil fuels, and increased investment for the
installation of solar trees in the remote locations where electricity cannot be
supplied through cables and wires are majorly propelling the growth of the global energy harvesting
trees market during the assessment period.
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Segmental Analysis
The
global energy harvesting trees market has been segmented on the basis of component, technology, and application.
Based
on component, the global energy
harvesting trees market has been segmented into nanoleaves,
long tower, LEDs (light emitting diodes), batteries and others.
Based
on technology, the global energy harvesting trees market has been segmented
into photovoltaic (PV), thermovoltaic (TV), and piezovoltaic
(PZ).
Based
on application, the global energy harvesting trees market has been segmented
into commercial and residential.
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Regional Analysis
Geographically, the global energy harvesting trees
market has been segmented into four major regions such as North America, Asia
Pacific (APAC), Europe, and the rest of the
world (RoW). Among these, the Asia Pacific
(APAC) region commands the major share of the global energy harvesting trees
market during the assessment period. Rapid adoption of green sources for
electricity in order to fulfill the
growing demand for energy, especially in the developing economies, as a result of rapid industrialization,
urbanization, and rise in population, increased demand for alternative energy
solutions due to the growing awareness
regarding the adverse effects caused on environment by depletion and combustion
of fossil fuels, and increased investment for the installation of solar trees
in the remote locations where electricity cannot be supplied through cables and
wires are majorly propelling the growth
of the global energy harvesting trees market in the Asia Pacific (APAC) region.
Key Players
The key players profiled by
Market Research Future (MRFR) that are operating in the global energy
harvesting trees market are Solar
Botanic, Creative Smart Innovations, Lucid Management Group, Green World
Investor, Envision Solar, Spotlight Solar and Others.
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