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Figure 32: Energy Harvesting Market: Revenue Forecast Global, 2014–2050

Source: Frost & Sullivan

2014 2020 2030 2040 2050

Revenue (billion US$)

Energy Harvesting 10 20 30 40 50 60 0

xxx Energy harvesting market size includes revenue generated from sales of PV, piezoelectric, electromagnetic, and thermoelectric harvesters used in devices such as wristwatches, bicycle dynamo, wireless mesh networks, mobile phones and other consumer devices.

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5.3.3 Quantification and Forecast

The global energy harvesting market revenue was US$ 1  billion in 2014. Europe is the fastest growing market, followed by North America and APAC. The energy harvesting market is projected to grow by more than US$ 8 billion in terms of revenue within the next ten years which can largely be attributed to its steady technological advancement. Between 2020 and 2030 thermoelectric technologies are expected to attain 10 to 15% of the total market. Human-powered EH applications are expected to be commercially available after 2025. Decreasing average sales prices of maturing EH solutions will be initially compensated by higher unit sales but will ultimately provoke a decline of overall revenues after 2045.

5.3.4 New Business Models

Energy harvesting solutions will be present in many everyday objects that require electricity. The amount of electric devices has already risen significantly during the last decades but is still far from an all-time high. This offers tremendous growth opportunities for energy harvesting solutions provided that original equipment manufacturers can agree on common interface standards.

There is no one-size-fits-all energy harvesting solution available in the market; and these solutions are tuned to the requirement of the actual end user application and energy sources available.

EnOcean is a pioneer in the field of indoor EH solutions

for applications in buildings. The company is the mastermind of the EH wireless EnOcean technology that offers a complete maintenance-free wireless sensor solution for the building automation systems and smart homes. It is also a founding promoter of the EnOcean Alliance, an association of more than 200 original equipment manufacturers established 2008, which aims to accomplish interoperability of EnOcean wireless technology. As of today, EnOcean-enabled EH solutions were installed in more than 250,000 buildings worldwide.

For other application markets new solutions need to be commercialised that can be integrated easily into existing products, e.g. pacemakers or scooters. To that end, open- source business models have proven to create the best possible conditions.

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6 Industrial Processes

KEY INSIGHTS

Ubiquitous integration of wireless sensor networks feeding into cloud-based, big-data analytics platforms and machine-to-machine (M2M) communication interfaces will allow for new levels of control and automation in factory operations and management of global factory networks.

Heightened levels of centralised remote management and automation, combined with the growth of 3D printing technologies will provide vastly increased flexibility in manufacturing processes, allowing for significant increased efficiencies in production and supply chain, reduced faults and maintenance costs, and highly customisable on-demand manufacturing to meet changing market needs.

The smart factory and 3D printing markets are expected to reach annual market sizes of US$ 397 billion and US$ 207 billion respectively by 2050.

THROUGH THE INTEGRATION of new IT infrastructure and services, the automation and centralised remote management of factories across multiple levels of their production processes, as well as across an organisations global network of factories will enable factories of the future to gain new levels of efficiencies in material use, energy consumption, production processes and supply chain management. This highly networked and responsive production capacity will further allow for a greater degree of flexibility in response to regional or global demand profiles, maximising logistic efficiencies while providing a higher value of service and product quality to consumers. The total market size for smart factories and 3D printing

is expected to grow rapidly over the 2014 to 2050 period, reaching annual market sizes of US$ 397 billion and US$ 207 billion respectively by 2050.

The following section provides an overview of the key industry low-carbon trends expected to drive the evolution of the industrial processes over the following decades. Sub-trends selected for analysis based on these criteria are: smart factories and 3D printing.

6.1 Smart Factory

6.1.1 Overview

Smart factories will achieve significantly higher levels of efficiencies through the convergence of technologies in advanced software systems, automation and advanced ICT enabled infrastructure design. Smart IT hardware, soft- ware, services and communications in the manufacturing sector is expected to represent a US$ 397 billion market by 2050. Convergence of technologies in smart factories will be focused on increasing production efficiency by reducing cost and achieving the desired quality product with minimal wastage through monitoring of the supply chain in real-time. Assets are required to be continually monitored for performance; early fault detection can help organisations plan output and maintenance more effectively. Technologies already being used to improve the capabilities of production systems, such as sensors, ultrafast lasers, augmented reality, three-dimensional (3D) printers, and machine vision systems, will show strong growth through the development of highly connected, integrated and automated smart manufacturing facilities and networks. At present, large investments are being made to implement smart factories in Europe, with Asia and North America involved in similar transformations.

Smart factories will achieve