Global Residential Energy Management Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Nov 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Residential Energy Management Market By Platform (Energy Management Platform, Energy Analytics, Customer Engagement Platform), User Interface Application (Smart Appliances, Smart Meters, Smart Thermostats, In- House Displays), Communication Technology (Wi-Fi Technology, Zigbee Technology, Z- Wave Technology, Wireless M- Bus Technology, Homeplug Technology, Thread Technology), Hardware (Gateways, Load Control Switches, Demand Response Devices, Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices),Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Residential Energy Management Market

Global residential energy management market is set to witness substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising manufacturing of smart appliances and incorporation of all smartphone user interface devices are the factor for the market growth.

Market Definition: Global Residential Energy Management Market

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.

Market Drivers:

  • Rising demand for efficient energy management will accelerate the market growth
  • Increasing number of smart homes will also enhance the market
  • Growing applications of these solutions acts as a market driver
  • Government is also taking different initiatives so they can encourage the use of residential energy management which is another factor boosting the market growth

Market Restraints:

  • High investment cost will hamper the market growth
  • Dearth of awareness among population will also restrain the market growth

Segmentation: Global Residential Energy Management Market

By Platform

  • Energy Management Platform
  • Energy Analytics
  • Customer Engagement Platform

By User Interface Application

  • Smart Appliances
  • Smart Meters
  • Smart Thermostats
  • In- House Displays

By Communication Technology

  • Wi-Fi Technology
  • Zigbee Technology
  • Z- Wave Technology
  • Wireless M- Bus Technology
  • Homeplug Technology
  • Thread Technology

By Hardware

  • Gateways
  • Load Control Switches
  • Demand Response Devices
  • Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In October 2019, C3 IoT, Inc. and ENGIE announced the launch of smart institutions which is an AI powered holistic Energy-as-a-Service software solution which is specially designed for large institutions. Through Smart Institutions, organisations can control their buildings and energy resources proactively and automatically to improve efficiency and reduce energy costs. This launch will help the company to provide better solutions and services to their customer
  • In July 2017, Schneider electric announced the launch of their Automatic Power Factor Corrector (APFC) panels and Automatic Harmonic Filter (AHF) which has the ability to save energy upto 30% as compared to their conventional solutions. This launch will help the company to support the government initiatives in achieving energy efficiency

Competitive Analysis

Global residential energy management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of residential energy management market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global residential energy management market are Elster Group SE; GENERAL ELECTRIC; Itron; Landis+Gyr.; Schneider Electric; Oracle; Aclara Technologies LLC.; Tendril Networks, Inc.; Emerson Electric Co.; DAIKIN INDUSTRIES, Ltd.,; Toshiba International Corporation; IBM Corporation; ABB; GridPoint; Siemens; ecobee.; Ayla Networks Inc.; STMicroelectronics; Electriq Power, Inc.; among others.

Research Methodology: Global 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 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, other 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.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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