Global Residential Energy Management Market is Driven by Increasing Consumer Interest in Efficient Energy Management

Residential Energy Management Market is estimated to grow at a CAGR of 40.00% for 2020 to 2027 with factors such as, lack OF awareness along with standard guidelines and high initial cost, restraining the market growth in the above mentioned forecasted period.

Residential energy management market has shown an exceptional penetration in developed economies in Asia-Pacific due to growing population and emerging start-ups which are focusing on the improvement of energy-efficient solutions in the region.

Residential Energy Management Market Scenario

According to Data Bridge Market Research residential energy management market is witnessing a significant growth in developed economies during the forecast period of 2020-2027 due to factors such as advanced metering infrastructure (AMI) rollout, effective government regulations to raises the demand for renewables and sustainable solutions and rising need to improvise utility sector efficiency, driving the market swiftly. Moreover, rising interest of smart appliances manufacturers and addition of all the user interface appliances over smart phones, will further create opportunities for the residential energy management market in the above mentioned forecast period.

Now the question is which are the other regions residential energy management market is targeting? Data Bridge Market Research has estimated a large growth in North America residential energy management market be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the residential energy management market.

For more analysis on the residential energy management market request for a briefing with our analysts

Scope of the Residential Energy Management Market

Residential energy management market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

  • All country based analysis of residential energy management market is further analyzed based on maximum granularity into further segmentation. On the basis of platform, the residential energy management (REM) market has been segmented into energy management platform (EMP) and energy analytics, customer engagement platform (CEP). Based on communication technology, the residential energy management (REM) market has been segmented into ZigBee, wireless M-Bus, threads, Wi-Fi, Z-Wave and home plugs. Based on hardware, the residential energy management (REM) market has been segmented into gateways, demand response (DR) devices, ventilating, load control switches (LCS) and heating and air-conditioning (HVAC) control devices. Residential energy management (REM) market on the basis of component has been segmented as sensors, controllers, software, batteries, display devices and others. The end user segment is segmented into smart appliances, smart meters, smart thermostats, in-house displays (IHD) and others
  • A residential energy management system is a technology platform consisting of both hardware and software that enables users to track energy use and output and manually control and/or automate energy use within a household. This is very beneficial as they manage the power utilization which can automatically decrease the utility bill. The residential energy management systems calculate the energy consumed by the home cooling, individual appliances and lighting system in order to achieve maximum savings.

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Key Pointers Covered in Residential Energy Management Market and Forecast to 2027

  • Market Size
  •  Market New Sales Volumes
  •  Market Replacement Sales Volumes
  •  Market By Brands
  •  Market Procedure Volumes
  •  Market Product Price Analysis
  • Market Regulatory Framework and Changes
  •  Market Shares in Different Regions
  •  Recent Developments for Market Competitors
  •  Market Upcoming Applications
  •  Market Innovators Study

Key Market Competitors Covered in the report

  • General Electric
  • Elster Group SE
  • Itron Incorporate
  • Opower Incorporate
  • Schneider Electric
  • Aclara Technologies LLC
  • Silver Spring Network
  • Landis+Gyr AG
  • Tendril Networks, Inc.
  • AlertMe

Above are the key players covered in the report, to know about more and exhaustive list of residential energy management market companies, contact us

Research Methodology: Residential Energy Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated 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, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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