The basic phenomena of a cantilever energy harvesting device based on iron-gallium alloy magnetostrictive material for low frequency were systematically studied. The results highlighted how the physical parameters, geometric structure and bias conditions affected the vibration harvesting capacity through a thorough experimental aimed at enhancing the vibration energy harvesting capacity through an optimal design. How the performance is affected by the configuration of the multi-layers composite beam, material and dimensions of the elastic layer, arrangement position and number of bias magnets, the matching load resistance and other important design parameters was studied in depth. For the first time, it was clearly confirmed that the magnetic field of bias magnets and electromagnetic vibration shaker have almost no effect on the measurement of the voltage induced from the harvester. A harvesting power RMS up to 13.3 mW and power density RMS up to 3.7 mW/cm3/g was observed from the optimized prototype. Correspondingly, the DC output power and power density after the two-stage signal processing circuit were up to 5.2 mW and 1.45 mW/cm3/g, respectively. The prototype successfully powered multiple red light emitting diode lamps connected in a sinusoidal shape and multiple red digital display tubes, which verified the vibration harvesting capability or electricity-generating capability of the harvester prototype and the effectiveness of the signal converter.