Residential Energy Management Market - Trends Forecast Till 2028

Residential Energy Management Market, by Component (Hardware (RTU, Relays, LCS, DR devices, Control Devices, In-house Displays), Software (EMP, Energy Analytics, CEP)), Communication Technology (Wired, Wireless), Application and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-EN-REMM-1046

Format:  

Number of Pages: 406

Domain: Energy

Residential Energy Management Market – Trends Forecast Till 2028

The global Residential Energy Management market size is projected to reach USD 4.2 billion by 2026 at a CAGR of 13.2% from USD 2.5 billion in 2021 during the forecast period 2021-2028.

Residential energy delas with the energy used in the household by the people. There are multiple ways which can be used for efficient energy management like identifying source of energy consumption, collection of data, analysis, identifying the opportunities, and tracking the progress.

Due to the surged energy consumption along with the governmental policies for the sector are some of the factors that have supported long-term expansion for Residential Energy Management Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Though the consumption of electricity in household has increased but the net demand for electricity has been reduced significantly affecting the sector negatively.

Residential Energy Management Market Analysis Report

North America is expected to be the largest market during the forecast period. The increased investment in the sector has led to the expansion of market in the region.

Residential Energy Management Market is segmented into Component, Communication technology, Application and geography.

On the basis of Component

  • Hardware
    • Remote Terminal Units
    • Relays
    • Load Control Switches
    • Demand Response Devices
    • Control Devices
    • In- house Displays
  • Software
    • Energy Management Platform
    • Energy Analytics
    • Customer Engagement Platform

On the basis of Communication Technology

  • Wired
    • Fiber Optic
    • Ethernet
    • Powerline Carrier
    • IP
  • Wireless
    • Radio Frequency Mesh
    • Cellular Network
    • WiMAX

On the basis of Application

  • Power Monitoring & Control
  • Load Shedding & Management
  • Flexible Load Management

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Residential Energy Management Market Primary Respondent

 

Key Players

  • ABB
  • Eaton
  • Schneider Electric
  • Honeywell International
  • Siemens
  • Itron
  • Emerson
  • Bosch
  • Span.Io
  • Lumin
  • Racepoint Energy
  • Appartme
  • Uplight

Recent Developments

  • In June 2020, Eaton and Sunverge joined hands for providing intelligent and dynamic energy management of in-home appliances.
  • In May 2018, Schneider Electric signend a partnership with SolarEdge Technologies Inc so as to  enhance the residential solar market and provided homeowners with seamless energy management for smart homes.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Residential Energy Management market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 2.5 billion

Growth Rate

CAGR of 13.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Component, Communication technology, Application and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

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

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB , Eaton , Schneider Electric , Honeywell International , and Siemens, Itron, Emerson, Bosch, Span.Io, Lumin, Racepoint Energy, Appartme, Uplight

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