Residential Energy Management Market by Platform (Energy Management Platform, Energy Analytics), by Communication Technology (Wi-Fi Technology, Wireless M- Bus Technology), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Residential Energy Management Market- Global Industry Analysis and Forecast 2020 to 2027

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.

Residential Energy Management Market

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.

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.

Residential Energy Management Market: Report Scope

The report on the residential energy management market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Platform, Communication Technology, Hardware, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

 

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

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Residential Energy Management Market  Providers
  • Residential Energy Management Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Residential Energy Management Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE RESIDENTIAL ENERGY MANAGEMENT MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Growth of Advanced Metering Infrastructure (AMI)
      2. Growing Demand of Internet of Things (IoT) and Big Data in Energy Management
    3. Restraint
      1. High Cost of Investment
    4. Opportunities
      1. Growing Adoption of Smart Homes
      2. Government Support to Encourage the Use of Residential Energy Management
    5. Challenges  
      1. Lack of Awareness
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY PLATFORM, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Energy Management Platform
    3. Energy Analytics
    4. Customer Engagement Platform
  7. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY COMMUNICATION TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Wi-Fi Technology
    3. Wireless M- Bus Technology
    4. Homeplug Technology
    5. Zigbee Technology
    6. Z- Wave Technology
    7. Thread Technology
  8. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY HARDWARE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Load Control Switches
    3. Demand Response Devices
    4. Gateways
    5. Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices
  9. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Smart Appliances
    3. Smart Meters
    4. Smart Thermostats
    5. In-House Displays (IHD)
  10. GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. GENERAL ELECTRIC
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Elster Group GmbH (Honeywell International Inc.)
    3. Itron Inc.
    4. Emerson Electric Co.
    5. Landis+Gyr
    6. Schneider Electric
    7. ABB
    8. OPOWER, Inc. (Oracle)
    9. Aclara Technologies LLC.
    10. Carrier Global Corp
    11. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 0101

Published : September, 2020


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