The Residential Energy Management Market research report looks at the examples in the parent market, close by the standard factors and piece of the pie by different portions and sub-sections. The Residential Energy Management Market report furthermore predicts the effect of different industry viewpoints accessible in market portions and geologies. The exploration report also distinguishes the market circumstance and impending difficulties of the overall market. It then analyzed competitive landscapes, item dispatches, augmentations, and acquisitions in the Residential Energy Management Market.
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)
Residential Energy Management Market Overview
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.
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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 Regional Analysis
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 Competitive Landscape
Key Players
• ABB
• Eaton
• Schneider Electric
• Honeywell International
• Siemens
• Itron
• Emerson
• Bosch
• Span.Io
• Lumin
• Racepoint Energy
• Appartme
• Uplight
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Recent Developments in the Residential Energy Management Market
• 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 Residential Energy Management Market Report
• 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
Table of Contents
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
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