Energy
Harvesting Trees Industry: Synopsis
The detailed report
published by Market Research Future (MRFR) projects that the 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.
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 industry has been segmented into photovoltaic
(PV), thermovoltaic (TV), and piezovoltaic (PZ). Among these, the piezovoltaic
(PZ) segment is anticipated to command for the maximum share of the global
energy harvesting trees market during the assessment period. Based on
application, the global energy harvesting trees market has been segmented into
commercial and residential.
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. The players in the global energy harvesting trees market are
introducing innovative and technologically advanced solutions to ensure high
quality and cost effectivity of the energy harvesting devices in order to
expand their businesses in the global energy harvesting trees market.
Strategically planned mergers and acquisitions along with collaborations in
multiple projects are aiding these players in sustaining the competition in the
global energy harvesting trees market during the assessment period.
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