The energy harvesting market in Europe is predicted to reach a CAGR of 9.52% over the forecasted period, 2020-2028. A large number of renewable energy and energy harvesting projects are undertaken by EU nation-states. The projects are in the building and construction sector, smart homes, manufacturing sector, offshore wind, and ocean and tidal wave. The EU parliament’s initiative towards growing investments in sustainable energy resources and increasing renewable energy resources are influencing the market positively.
The European energy harvesting market is further segregated into the market regions of Belgium, France, Germany, Poland, the UK, Russia, Italy, and the rest of Europe. Russia is one of the largest electric power producers of the world, but does not implement smart grid elements on a large scale. Russia’s power system has taken significant steps towards modernization in recent times. Russia’s EuroSibEnergy has announced a total budget of USD 200 million for a modernization program. Belgium has a huge energy harvesting potential. The largest energy storage battery of its kind has been commissioned in Belgium. In Poland, the GDP has increased eightfold over 30 years and made huge progress in providing electricity. Poland’s economic growth led to its success in adapting its energy sector and industry to the European Union’s strict environmental standards. In Spain, power generation has increased by 0.5%. However, Spain plans to rebuild its energy infrastructure by 2020. The government is targeting to generate over 20% of the total energy by 2017 through renewable sources of energy.
Laird Technologies, Schneider Electric, Siemens AG, Enocean GmbH, Honeywell International Inc., etc. are some of the renowned companies operating in the market.
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments