Residential Energy Management Market Forecasts to 2028 – Global Analysis By Communication Technology (Wired and Wireless), Hardware, Product Type, Platform, Application and By Geography
According to Stratistics MRC, the Global Residential Energy Management Market is accounted for $2.20 billion in 2020 and is expected to reach $6.87 billion by 2028 growing at a CAGR of 15.3% during the forecast period. Government plans and policies toward energy effectiveness in residential buildings and increasing energy expenditure in residential sectors of non-OCED and OCED nations are the major factors propelling the market growth. However, high initial costs related to deploying residential energy management systems are hampering the market growth.
Residential energy management solutions are cost-efficient and the latest technology solutions are considered to provide the command of decrease in energy consumption by residential customers. Residential energy management solutions measure the energy consumption of a home’s heating and individual appliances to uncover trends in electricity utilization and operate devices to get maximum savings.
Based on the communication technology, the wired segment is estimated to have a huge demand during the forecast period. Wired communication technology broadcasts large volumes of data, analyzes the data, and offers actionable information for grid operators. The growth of this wired communication technology segment is attributed to its increased security, lack of interference, and high speed.
By geography, North America is going to have a lucrative growth during the forecast period. The command for residential energy management in this region is determined by rising investments in grid expansion projects to raise energy efficiency, grid reliability, and improved power consumption residential sector.
Some of the key players profiled in the Residential Energy Management Market include Aclara Technologies, Alertme.Com, Carrier, Comverge, EcoFactor, Elster Group, General Electric, Itron, Landis+Gyr, Opower, Schneider Electric, Silver Spring Networks, Tendril Networks, Danaher Corporation, Celestron LLC, Leica Microsystems, Carl Zeiss AG, Nikon Corporation, Keyence Corporation, Jeol, Ltd., Hirox Corporation, Olympus Corporation, and Tagarno A/S.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 2.20 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
15.3% |
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Predicted 2028 Value: |
USD 6.87billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
281 |
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Chapters Covered: |
Communication Technology, Hardware, Product Type, Platform, Application and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Communication Technologies Covered:
• Wired
• Wireless
Hardwares Covered:
• Control Devices
• Demand Response (DR) Devices
• In-House Displays (IHD)
• Load Control Switches (LCS)
• Relays
• Remote Terminal Units
• Heating and Air-Conditioning (HVAC) Control Devices
• Gateways
• Ventilating
• Sensors
• Display Devices
• Batteries
• Controllers
• Smart Meters
• Smart Appliances
• Smart Thermostats
• Smart Plugs
Product Types Covered:
• Desktop Digital Microscope
• Portable Digital Microscope
• Wireless digital microscope
Platforms Covered:
• Energy Analytics
• Energy Management Platform (EMP)
• Customer Engagement Platform (CEP)
Applications Covered:
• Power Monitoring & Control
• Load Shedding & Management
• Flexible Load Management
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Residential Energy Management Market is majorly driven by government plans and policies toward energy effectiveness in residential buildings and increasing energy expenditure in residential sectors of non-OCED and OCED nations.
The wireless segment is growing at the highest CAGR due to it reduces maintenance costs and has easy accessibility of data from remote locations.
North America dominated with a significant market share owing to the rising investments in grid expansion projects to raise energy efficiency and improved power consumption residential sector.
Asia Pacific market is growing at the highest CAGR owing to rising population and emerging start-ups that are focusing on the improvement of energy-efficient solutions.
Key players in Residential Energy Management Market include Aclara Technologies, Alertme.Com, Carrier, Comverge, EcoFactor, Elster Group, General Electric, Itron, Landis+Gyr, Opower, Schneider Electric, Silver Spring Networks, Tendril Networks, Danaher Corporation, Celestron LLC, Leica Microsystems, Carl Zeiss AG, Nikon Corporation, Keyence Corporation, Jeol, Ltd., Hirox Corporation, Olympus Corporation, and Tagarno A/S.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Residential Energy Management Market, By Communication Technology
5.1 Introduction
5.2 Wired
5.2.1 Ethernet
5.2.2 Fiber Optic
5.2.3 Internet Protocol (IP)
5.2.4 Powerline Carrier
5.2.5 Home Plugs
5.3 Wireless
5.3.1 Radio Frequency Mesh
5.3.2 Cellular Network
5.3.3 Worldwide Interoperability for Microwave Access (WiMAX)
5.3.4 Z-Wave
5.3.5 ZigBee
5.3.6 Wi-Fi
5.3.7 Threads
6 Global Residential Energy Management Market, By Hardware
6.1 Introduction
6.2 Control Devices
6.3 Demand Response (DR) Devices
6.4 In-House Displays (IHD)
6.5 Load Control Switches (LCS)
6.6 Relays
6.7 Remote Terminal Units
6.8 Heating and Air-Conditioning (HVAC) Control Devices
6.9 Gateways
6.10 Ventilating
6.11 Sensors
6.12 Display Devices
6.13 Batteries
6.14 Controllers
6.15 Smart Meters
6.16 Smart Appliances
6.17 Smart Thermostats
6.18 Smart Plugs
7 Global Residential Energy Management Market, By Product Type
7.1 Introduction
7.2 Desktop Digital Microscope
7.3 Portable Digital Microscope
7.4 Wireless digital microscope
8 Global Residential Energy Management Market, By Platform
8.1 Introduction
8.2 Energy Analytics
8.3 Energy Management Platform (EMP)
8.4 Customer Engagement Platform (CEP)
9 Global Residential Energy Management Market, By Application
9.1 Introduction
9.2 Power Monitoring & Control
9.3 Load Shedding & Management
9.4 Flexible Load Management
10 Global Residential Energy Management Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Aclara Technologies
12.2 Alertme.Com
12.3 Carrier
12.4 Comverge
12.5 EcoFactor
12.6 Elster Group
12.7 General Electric
12.8 Itron
12.9 Landis+Gyr
12.10 Opower
12.11 Schneider Electric
12.12 Silver Spring Networks
12.13 Tendril Networks
12.14 Danaher Corporation
12.15 Celestron LLC
12.16 Leica Microsystems
12.17 Carl Zeiss AG
12.18 Nikon Corporation
12.19 Keyence Corporation
12.20 Jeol, Ltd.
12.21 Hirox Corporation
12.22 Olympus Corporation
12.23 Tagarno A/S
List of Tables
1 Global Residential Energy Management Market Outlook, By Region (2019-2028) ($MN)
2 Global Residential Energy Management Market Outlook, By Communication Technology (2019-2028) ($MN)
3 Global Residential Energy Management Market Outlook, By Wired (2019-2028) ($MN)
4 Global Residential Energy Management Market Outlook, By Ethernet (2019-2028) ($MN)
5 Global Residential Energy Management Market Outlook, By Fiber Optic (2019-2028) ($MN)
6 Global Residential Energy Management Market Outlook, By Internet Protocol (IP) (2019-2028) ($MN)
7 Global Residential Energy Management Market Outlook, By Powerline Carrier (2019-2028) ($MN)
8 Global Residential Energy Management Market Outlook, By Home Plugs (2019-2028) ($MN)
9 Global Residential Energy Management Market Outlook, By Wireless (2019-2028) ($MN)
10 Global Residential Energy Management Market Outlook, By Radio Frequency Mesh (2019-2028) ($MN)
11 Global Residential Energy Management Market Outlook, By Cellular Network (2019-2028) ($MN)
12 Global Residential Energy Management Market Outlook, By Worldwide Interoperability for Microwave Access (WiMAX) (2019-2028) ($MN)
13 Global Residential Energy Management Market Outlook, By Z-Wave (2019-2028) ($MN)
14 Global Residential Energy Management Market Outlook, By ZigBee (2019-2028) ($MN)
15 Global Residential Energy Management Market Outlook, By Wi-Fi (2019-2028) ($MN)
16 Global Residential Energy Management Market Outlook, By Threads (2019-2028) ($MN)
17 Global Residential Energy Management Market Outlook, By Hardware (2019-2028) ($MN)
18 Global Residential Energy Management Market Outlook, By Control Devices (2019-2028) ($MN)
19 Global Residential Energy Management Market Outlook, By Demand Response (DR) Devices (2019-2028) ($MN)
20 Global Residential Energy Management Market Outlook, By In-House Displays (IHD) (2019-2028) ($MN)
21 Global Residential Energy Management Market Outlook, By Load Control Switches (LCS) (2019-2028) ($MN)
22 Global Residential Energy Management Market Outlook, By Relays (2019-2028) ($MN)
23 Global Residential Energy Management Market Outlook, By Remote Terminal Units (2019-2028) ($MN)
24 Global Residential Energy Management Market Outlook, By Heating and Air-Conditioning (HVAC) Control Devices (2019-2028) ($MN)
25 Global Residential Energy Management Market Outlook, By Gateways (2019-2028) ($MN)
26 Global Residential Energy Management Market Outlook, By Ventilating (2019-2028) ($MN)
27 Global Residential Energy Management Market Outlook, By Sensors (2019-2028) ($MN)
28 Global Residential Energy Management Market Outlook, By Display Devices (2019-2028) ($MN)
29 Global Residential Energy Management Market Outlook, By Batteries (2019-2028) ($MN)
30 Global Residential Energy Management Market Outlook, By Controllers (2019-2028) ($MN)
31 Global Residential Energy Management Market Outlook, By Smart Meters (2019-2028) ($MN)
32 Global Residential Energy Management Market Outlook, By Smart Appliances (2019-2028) ($MN)
33 Global Residential Energy Management Market Outlook, By Smart Thermostats (2019-2028) ($MN)
34 Global Residential Energy Management Market Outlook, By Smart Plugs (2019-2028) ($MN)
35 Global Residential Energy Management Market Outlook, By Product Type (2019-2028) ($MN)
36 Global Residential Energy Management Market Outlook, By Desktop Digital Microscope (2019-2028) ($MN)
37 Global Residential Energy Management Market Outlook, By Portable Digital Microscope (2019-2028) ($MN)
38 Global Residential Energy Management Market Outlook, By Wireless digital microscope (2019-2028) ($MN)
39 Global Residential Energy Management Market Outlook, By Platform (2019-2028) ($MN)
40 Global Residential Energy Management Market Outlook, By Energy Analytics (2019-2028) ($MN)
41 Global Residential Energy Management Market Outlook, By Energy Management Platform (EMP) (2019-2028) ($MN)
42 Global Residential Energy Management Market Outlook, By Customer Engagement Platform (CEP) (2019-2028) ($MN)
43 Global Residential Energy Management Market Outlook, By Application (2019-2028) ($MN)
44 Global Residential Energy Management Market Outlook, By Power Monitoring & Control (2019-2028) ($MN)
45 Global Residential Energy Management Market Outlook, By Load Shedding & Management (2019-2028) ($MN)
46 Global Residential Energy Management Market Outlook, By Flexible Load Management (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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