Kinetic Footfall Energy Harvest Market

The Global Kinetic Footfall Energy Harvest Market is projected to grow at a CAGR of 54.1% over the decade. The key drivers of the Kinetic Footfall Energy Harvest are; rapid urbanization across the world, increasing adoption of piezoelectric energy harvesting technology, and increasing focus on balancing modernization with nature by reducing the carbon footprint.

With the growing need for renewable energy, smart cities are looking for more sustainable and cost-effective choices. Piezoelectric technology in the form of kinetic tiles, smart speed absorbers, and reactive flooring could power everyday life in the near future: roads, paths, public transportation, and more. By strategically deploying kinetic tiles in crucial locations of a city, one may have on-demand lighting, mobile phone charging stations at bus stops, and interactive displays that are powered solely by foot traffic, saving energy.

The Internet of Things (IoT) is increasingly being adopted across various end-user industries. Crowded places with high footfalls such as airports and public stations, business buildings, and department stores, are employing smart IoT-devices, such as Radio-frequency identification (RFID) sensors and (GPS). When looking for an alternative source of energy for such gadgets, kinetic footfall energy holds high potential and its wide adoption in countries with high population density such as China and India is expected over the years to come.

Segment overview

On the basis of mechanism, Piezoelectric mechanism held the largest share of global kinetic footfall energy harvest market in 2020. Even with a steady or predictable vibrational frequency, piezoelectric can generate energy. It is perfect for a variety of applications due to its capacity to leverage any type of force, stress, or strain, and so has a growing market potential. Piezoelectric floors in public spaces can scavenge a decent amount of energy that can be used to power electrical equipment such as lighting and screens. However, piezoelectric application still needs to overcome many challenges including varying or inconsistent vibrational frequency range.

On the basis of End-Use, Ticket gates at train and tube stations are an obvious application, however the technology is also suitable to work at shopping malls, sports arenas, and even airport terminals. It’s also a very elegant method to match supply and demand, as it creates more energy when more people move across the energy-producing materials. Energy Floors, a Dutch company installed the flooring for Club Watt in Rotterdam, making it the world’s first sustainable dance floor and saving the club 30% on electricity expenditures. The company also created interactive smart flooring systems for crowd control and navigation in smart cities, as well as gamified physical training and dance. The startup’s solutions, which are mediated by footfall sensors, not only supply specific electricity needs in schools and communities, but also capture large data for subsequent analysis.

On the basis of region, European region accounted for the largest share in the global kinetic footfall energy harvest market in 2020. The presence of leading company such as Pavegen Inc., coupled with technological advancement in energy harvesting technology puts the region at the forefront for larger adoption of kinetic footfall energy harvesting. The growing emphasis on green cities to reduce the carbon footprint further strengthens the large scale employment of the technology in the EU region. APAC regions offers significant opportunity for this sustainable energy harvesting technology, and is expected to be the key market over the forecast period. The growing economies and emphasis on modern infrastructure and high population density are the primary drivers for Kinetic Footfall Energy Harvest in the region. The increasing awareness among shareholders has further attracted the interest, and investment to develop the technology and overcome the challenges in order to achieve full scale employment.

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.

Key questions Answered in the report :

What shares do the major regional markets occupy?

On what basis is the market segmented?

What are the sales prediction for the world market and sub markets?

How has the Global market for kinetic footfall energy harvest performed, and what are its key drivers?

What would be influence of the emerging trends in Global kinetic footfall energy harvest industry?

What is the degree of competition in the Global kinetic footfall energy harvest market?

What are the key strategies adopted by the players operating in the Global kinetic footfall energy harvest market?