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Energy harvesting reduces dependency on battery power, minimizes maintenance cost and as long as the ambient energy is available it will provide long term solution are the major drivers which help in surging the growth of this market whereas high initial setup cost may act as a restraining factor for this market. Innovation in energy harvesting technology such as ocean energy harvesting will add new opportunities for this market in the coming years.
Key player - Convergence Wireless LLC, Cymbet Corporation, EnOcean GmbH., Honeywell International Inc