Asia-Pacific Residential Energy Management (REM) Market is forecasted to grow at 35.8% with factors such as increasing demand for energy and cost saving technologies and rising adoption of smart meters are will boost the market demand.
Asia-Pacific residential energy management (REM) market has shown an exceptional penetration in China due to consumer awareness towards efficient energy management, increasing need to improvise utility sector efficiency, and advanced metering infrastructure (AMI) rollout. Moreover, smart homes propelling both private and government to invest and government initiatives for energy lighting are creating opportunities for the Asia-Pacific residential energy management (REM) market.
Asia-Pacific Residential Energy Management (REM) Market Scenario
According to Data Bridge Market Research market leader is Panasonic Corporation which accounts an estimated market share of approximately 12% to 15% in the Asia-Pacific. The company has gained outstanding sale through their user interface products, and home appliances.
- In October 2020, Panasonic Corporation was awarded as the marketing innovation leader in B2B services and solutions from ITSMA (Information Technology Services Marketing Association. The company enhanced its brand image through the recognition of the award that is going to increase the market value for the company.
Trends Impacting the Market
Now the question is which other regions Panasonic Corporation, LG Electronics and Schneider Electric are targeting? Data Bridge Market Research has forecasted a large growth in China residential energy management (REM) market and the market leaders targeting South Korea and Japan to be their next revenue pockets for 2021.
Asia-Pacific Residential Energy Management (REM) market is becoming more competitive every year with companies such as Panasonic Corporation, LG Electronics and Schneider Electric as they are the market leaders for Asia-Pacific energy management (REM) market. . Data Bridge Market Research new reports highlight the major growth factors and opportunities in the residential energy management (REM) market.
For more analysis on the residential energy management (REM) market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-residential-energy-management-market
Asia-Pacific Residential Energy Management (REM) Market Development
- In January 2019, Lutron Electronics Co., Inc. expanded its range of signal repeater with Caséta Smart Lighting system that has the Z-wave standard for the product. The company is going to enhance the brand value which will generate more income to it.
Scope of Asia-Pacific Residential Energy Management (REM) Market
Asia-Pacific residential energy management (REM) market on the basis of country is further segmented into China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific.
All country based analysis of residential energy management (REM) market is further analyzed based on further segmentation. On the basis of user interface application, the residential energy management (REM) market is segmented into smart meters, smart thermostats, in-house displays (IHD) and smart appliances. On the basis of platform, the residential energy management (REM) market is segmented into energy management platform (EMP), energy analytics and customer engagement platform (CEP). On the basis of component, the residential energy management (REM) market is segmented into hardware and software. On the basis of communication technology, the residential energy management (REM) market is segmented into ZigBee, Z-wave, Wi-Fi, homeplug, wireless M-bus and thread. On the basis of end user, the residential energy management (REM) market is segmented into independent homes and apartment.
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-residential-energy-management-market
Key Pointers Covered in Asia-Pacific Residential Energy Management (REM) Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Recent Developments for Market Competitors
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Lutron Electronics Co., Inc.
- Schneider Electric
- Elster Solutions (a subsidiary of Honeywell International Inc.)
- ABB
- Siemens
- Aclara Technologies LLC
- e-peas
- Cisco
- LG Electronics
- Itron Inc.
- SAMSUNG SDI CO.,LTD. (a subsidiary of SAMSUNG ELECTRONICS CO., LTD.)
- Landis+Gyr
- Panasonic Corporation
- COMCAST
Above are the key players covered in the report, to know about more and exhaustive list of residential energy management (REM) companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-residential-energy-management-market
Research Methodology: Asia-Pacific Residential Energy Management (REM) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Managers, Manufacturing Industries, Energy & Utilities Industries, and Power Generation Industries
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, System Installation, Market Intelligence, and Regulatory Affairs Managers among others.
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