Global Residential Energy Management (REM) Market By Platform (Energy Management Platform (EMP), Energy Analytics, Customer Engagement Platform (CEP)), Communication Technology (ZigBee, Wireless M-Bus, Threads, Wi-Fi, Z-Wave, Home Plugs), Hardware (Gateways, Demand Response (DR) Devices, Ventilating, Load Control Switches (LCS), Heating and Air-Conditioning (HVAC) Control Devices), Component (Sensors, Controllers, Software, Batteries, Display Devices, Others), Application (Smart Appliances, Smart Meters, Smart Thermostats, In-House Displays (IHD), Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2027
Residential energy management (REM) market is expected to witness its market growth at a rate of 40% in the forecast period of 2020 to 2027. Data Bridge Market Research report on residential energy management (REM) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The increasing consumer interest in efficient energy management is one of the major factors for the growth of the market. The advanced metering infrastructure (AMI) rollout, effective government regulations to raises the demand for renewables and sustainable solutions, rising need to improvise utility sector efficiency, growing popularity of sustainable power resources, increased energy efficiency of appliances and insulation, attractive prospects for smart homes that are propelling both private/government agencies and wide applications of these solutions in the different sector are also accelerating the growth of the residential energy management (REM) market in the forecast period of 2020 to 2027. Moreover, the rising interest of smart appliances manufacturers and addition of all the user interface appliances over smart phones will further cater various new opportunities that will lead to the growth of the residential energy management (REM) in the above mentioned forecasted period.
However, the lack OF awareness along with standard guidelines and high initial cost are acting as market restraints in the above mentioned forecasted period. The lack of support from network service providers is acting as a biggest challenge towards the growth of the residential energy management (REM) market.
This residential energy management (REM) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on residential energy management (REM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Residential Energy Management (REM) Market Scope and Market Size
Residential energy management (REM) market is segmented on the basis of platform, communication technology, hardware, component and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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.
Residential Energy Management (REM) Market Country Level Analysis
Residential energy management (REM) market is analyzed and market size, volume information is provided by country, platform, communication technology, hardware, component and application as referenced above.
The countries covered in the market report are 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).
Asia-Pacific will be expected to witness the highest growth rate during the forecast period of 2020 to 2027 due to growing population and emerging start-ups which are focusing on the improvement of energy-efficient solutions in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Residential Energy Management (REM) Market Share Analysis
Residential energy management (REM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to residential energy management (REM) market.
The major players covered in the residential energy management (REM) market report are General Electric, Elster Group SE, Itron Incorporate, Opower Incorporate, Schneider Electric, Aclara Technologies LLC, Silver Spring Network, Landis+Gyr AG, Tendril Networks, Inc., and AlertMe.com Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Residential Energy Management (REM) Market
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