Residential Energy Management Market-Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019–2027

    06-January-2020 | 120 Pages | | Report Code : RC-118

The Residential Energy Management market is projected to rise from $2,860.4 Million in 2014 to $15,620.9 Million by 2019, at a Compound Annual Growth Rate (CAGR) of 40.4%. North America and Europe are anticipated to be the biggest markets in terms of region whereas based on revenue contribution, Asia-Pacific, Middle East and Africa, and Latin America are expected to undergo enhanced market adherence, over the forecast period.
Resident buildings are one of the likely sources of energy savings because it consume about 20-40% of the total energy consumption of a country. Thus, to enhance the benefit of energy the requirement for an intelligent Residential Energy Management Market for residential sector has emerged. Reduction in the excess usage of energy resources and also cutting down the bills for the consumer is possible through an intelligent REM. Smart device like Smart applications, smart meters, smart thermostats, in-house display and several others have been introduced by REM system attributing in optimized usage of energy.

Globally residential energy management market is bifurcated on the terms of a platform, user interface application, communication technology, hardware, and regions. The market is classified into energy management platform (EMP), customer engagement platform (CEP) and energy analytics based on platform. The global market is sub segmented into smart meters, in-house displays, smart appliances and the smart thermostat on the basis of user interface. Based on the communication technology, the residential energy management market is segregated into ZigBee, wireless M-Bus, threads, Wi-Fi, Z-Wave and home plugs. On the terms of hardware, the market is divided into gateways, demand response (DR) devices, ventilating, load control switches (LCS), heating and air-conditioning (HVAC) control devices. The residential energy management market is diversified on basis of regions into North America, Latin America, Asia-Pacific, Europe and the Middle East and Africa.

The competitive landscape of the Residential Energy Management Market is drawn in the report by attributing a detailed correlative analysis of the technological and marketing strategies that the top players are accepting in order to gain an advantage over their competitors. Mergers and acquisition of top players rendering REM solutions is also inclusive in this report. Innovative technologies, customized solutions and acquiring relatively small domain expert players are the major strategies adopted by most companies in the REM market. Elster, General Electric, Itron, Landis+Gyr, Schneider Electric, Opower and many more are among the prominent players of this market.

Elster Group, Itron Incorporate, Schneider Electric SE, Silver Spring Network, AlertMe.com Ltd., General Electric Company, Landis+Gyr AG, Opower Incorporate, Aclara Technologies LLC and Tendril Networks, Inc. are among the potential market players of the residential energy management market.

Market by Type
•    Control devices
•    User interfaces
•    Enabling technologies

Market by Technology
•    Wi-fi
•    Zig-bee
•    Z-wave
•    Homeplug
•    Others

Market by Geography
•    North America
o    United States (US)
o    Canada

•    Europe
o    United Kingdom (UK)
o    Germany
o    Rest of Europe

•    Asia Pacific (APAC)
o    China
o    Japan
o    India
o    Rest of APAC

•    Middle East and Africa (MEA)
o    Middle East
o    Africa

•    Latin America
o    Mexico
o    Brazil
o    Rest of Latin America

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