Covid Impact Residential Energy Management Market is projected to reach a value of over USD 200 billion by 2027 at a CAGR of around 36.1%.

Residential Energy Management Market: Summary

The Global Residential Energy Management Market is projected to reach a value of over USD 200 billion by 2027 at a CAGR of around 36.1%.

Energy management refers to the planning as well as operation of energy production and energy consumption units. Also, it is the process of tracking and optimizing energy consumption to conserve usage in a buildings. Whereas, the residential energy management solutions are being designed to provide a solution to the demand of reduction in the consumption of energy by the residential consumers. Moreover, A residential energy management system is also refers as a technology platform which contain of both hardware as well as software, which helps the users track energy use as well as automate energy use within a household.

Hence, residential energy management systems helps to calculate the energy consumed by the home cooling, lighting system for the purpose of generating maximum savings. These trend will lead to boost the growth of the market in the forecast period.

Get Sample Copy of This Report @

https://www.forencisresearch.com/residential-energy-management-market-sample-pdf/

Residential Energy Management Market: Drivers & Restraints

Market Driver:

  • Rising Growth of Advanced Metering Infrastructure (AMI)

With the rising growth of advanced metering infrastructure (AMI) is witness to boost the growth of the market in the forecast period. Whereas, the AMI helps to enable the technologies which includes smart devices as well as various other advanced metering devices to improve an information transfer in between customer and utility. Also, it help to provide customers and utility with the data on consumption such as electricity price as well as the energy consumed.

Hence, these also provide benefits to the electric customers with the features such as detecting early meter failures, accommodating faster service restoration, as well as enhancing the accuracy and flexibility of billing. These trend will fuel the growth of residential energy management market in the forecast period.

Market Restraints:

  • High Cost of Investment

One of the major key concern of the market high cost of investment which may hamper the market growth. Whereas, high initial costs for material as well as the installation lead to hamper the market growth. Moreover, the lack of awareness is also create a major restraining factor as it lead to cause electrical energy wastage. Also, lack of awareness as well as knowledge is a barrier to energy conservation and efficiency. However, the electrical energy management practice awareness among consumers is very essential to grow the market.

Hence, these will lead to create a major impact for the growth of the residential energy management market in the forecast period.

Request for Methodology of This Report @

https://www.forencisresearch.com/residential-energy-management-market-request-methodology/

Residential Energy Management Market: Key Segments

  • Segmentation based on Platform: Energy Management Platform, Energy Analytics and Customer Engagement Platform.
  • Segmentation based on Communication Technology: Wi-Fi Technology, Wireless M- Bus Technology, Homeplug Technology, Zigbee Technology, Z- Wave Technology and Thread Technology.
  • Segmentation based on Hardware: Load Control Switches, Demand Response Devices, Gateways and Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices.
  • Segmentation based on Application: Smart Appliances, Smart Meters, Smart Thermostats and In-House Displays (IHD).
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Consult with Analyst @

https://www.forencisresearch.com/residential-energy-management-market-consult-with-an-analyst/

Key Companies Covered

  • GENERAL ELECTRIC (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Elster Group GmbH (Honeywell International Inc.)
  • Itron Inc.
  • Emerson Electric Co.
  • Landis+Gyr
  • Schneider Electric
  • ABB
  • OPOWER, Inc. (Oracle)
  • Aclara Technologies LLC.
  • Carrier Global Corp
  • Other Key Companies

Residential Energy Management Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Residential Energy Management Market, by Platform

  • Energy Management Platform
  • Energy Analytics
  • Customer Engagement Platform

Residential Energy Management Market, by Communication Technology

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

Residential Energy Management Market, by Hardware

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

Residential Energy Management Market, by Application

  • Smart Appliances
  • Smart Meters
  • Smart Thermostats
  • In-House Displays (IHD)

Residential Energy Management Market, by End-User

  • Commercial
  • Industrial
  • Defense
  • Government
  • Retail
  • Entertainment
  • Transportation
  • Others

Residential Energy Management Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Customize this Industry Analysis @

https://www.forencisresearch.com/residential-energy-management-market-custome-research/

Table of Content

  1. INTRODUCTION
  2. Research Objectives
  3. Market Definition
  4. Research Scope
  5. Regional Coverage
  6. Research Timeline
  7. Assumptions
  8. Limitations
  9. RESEARCH DESIGN & SCOPE
  10. Introduction
  11. Primary Research
  12. Key Industry Expert Insight
  13. Secondary Research
  14. Vital Data from Secondary Sources
  15. Market Size Estimation
  16. Data Validation & Triangulation
  17. EXECUTIVE SUMMARY
  18. MARKET DYNAMICS
  19. Introduction
  20. Drivers
  21. Rising Growth of Advanced Metering Infrastructure (AMI)
  22. Growing Demand of Internet of Things (IoT) and Big Data in Energy Management
  23. Restraint
  24. High Cost of Investment
  25. Opportunities
  26. Growing Adoption of Smart Homes
  27. Government Support to Encourage the Use of Residential Energy Management
  28. Challenges
  29. Lack of Awareness
  30. INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
  31. Introduction
  32. Power of Buyers
  33. Power of Suppliers
  34. Intensity of Competition
  35. Challenges of Substitutes
  36. Challenges of New Entrants
  37. Macro-Economic Indicators
  38. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY PLATFORM, Market Size in USD Million (2019–2027)
  39. Introduction
  40. Energy Management Platform
  41. Energy Analytics
  42. Customer Engagement Platform
  43. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY COMMUNICATION TECHNOLOGY, Market Size in USD Million (2019–2027)
  44. Introduction
  45. Wi-Fi Technology
  46. Wireless M- Bus Technology
  47. Homeplug Technology
  48. Zigbee Technology
  49. Z- Wave Technology
  50. Thread Technology
  51. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY HARDWARE, Market Size in USD Million (2019–2027)
  52. Introduction
  53. Load Control Switches
  54. Demand Response Devices
  55. Gateways
  56. Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices
  57. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2019–2027)
  58. Introduction
  59. Smart Appliances
  60. Smart Meters
  61. Smart Thermostats
  62. In-House Displays (IHD)
  63. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019–2027)
  64. North America
  65. US
  66. Canada
  67. Mexico
  68. Europe
  69. Germany
  70. France
  71. Italy
  72. UK
  73. Russia
  74. Rest of Europe
  75. Asia-Pacific
  76. China
  77. India
  78. Japan
  79. Taiwan
  80. South Korea
  81. Rest of Asia-Pacific
  82. Middle East and Africa
  83. Saudi Arabia
  84. UAE
  85. Rest of Middle East and Africa
  86. South America
  87. Brazil
  88. Argentina
  89. Rest of South America
  90. COMPETITIVE LANDSCAPE
  91. Introduction
  92. Market Ranking/Share Analysis of Key Companies
  93. Company Benchmarking
  94. COMPANY PROFILES
  95. GENERAL ELECTRIC
  96. Company Overview
  97. Financial Overview
  98. Products/Solutions/Services Offered
  99. Key Developments
  100. SWOT Analysis
  101. Elster Group GmbH (Honeywell International Inc.)
  102. Itron Inc.
  103. Emerson Electric Co.
  104. Landis+Gyr
  105. Schneider Electric
  106. ABB
  107. OPOWER, Inc. (Oracle)
  108. Aclara Technologies LLC.
  109. Carrier Global Corp
  110. Other Key Companies
  111. APPENDIX
  112. Key Industry Expert Insights
  113. Primary Discussion Guide
  114. Customization Options

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: sales@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store