The Global kinetic footfall energy harvest market is likely to ascend at a CAGR of 54.1% over the forecast period (2021-2030) according to QuantAlign Research. The demand for kinetic footfall energy harvest is expected to reach “USD 630.0” Million by 2030. The growth of the kinetic footfall energy harvest market is primarily attributed to growing energy demand, coupled with development of sustainable technologies to reduce the carbon footprint.

Among the several technologies that encourage sustainable energy, the energy harvesting floors holds potential to be the most productive, because it does not rely on any natural resources that are not always available, such as wind, water, or sun. Energy harvesting floors are simple to install and environmentally friendly, as they receive input from human footprints without interfering with pedestrians’ daily lives.

During the forecast period, demand growth for kinetic footfall energy harvest will be supported by important role of energy harvesting in the smart cities of the future . While the interest is still mounted on the technology and companies are keen to utilize its full potential, the high cost still remains to be the key restraint for growth of the market. Shareholders are working in the direction of strategic alliances across the industry to overcome the challenge of high cost in order to remain competitive and garner majority share of the market.

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Global Kinetic Footfall Energy Harvest Market Demand Outlook, Trend Analysis by Mechanism (Piezoelectric, Magnetic, Generator, Static), by Component (Sensor, Battery, Transducer, Tiles, EM Generators, Connecting Rods, Others), by Application (Lighting, Wayfinding signage, Wireless communication, Phone Charging), by End Use and Industry Estimates 2021-2030    – ” https://quantalignresearch.com/global-kinetic-footfall-energy-harvest-market-report/ “

Key insights: 

• Pizoelectric mechanism segment is expectd to witness significant CAGR over the forecast period
• Wireless communication application segment is likely to exhibit significant CAGR over the coming years
• Europe is expected to generate higher demand for kinetic footfall energy harvest market, while Asia-Pacific along with MEA region is expected to offer wide array of opportunities and would be key market over the forecast period

Key players operating in the market include: Pavegen Inc, Energy Floors, POWERleap Inc., Toyota Boshoku Corp., Hong Kong Applied Science and Technology Research Institute Co Ltd, Innowattech, KinergyPower, SERATECH, KORE Power Inc., EnGo Planet, Kinergizer; among others.