Press release
Global Residential Energy Management Market Current Trends & Industry Analysis by Key Players like Elster Group SE, GENERAL ELECTRIC, Itron, Landis+Gyr., Schneider Electric, Oracle, Aclara Technologies LLC
Global Residential Energy Management Market
Market Analysis:
Global residential energy management market is set to witness substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising manufacturing of smart appliances and incorporation of all smartphone user interface devices are the factor for the market growth.
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Major Market Competitors/Players
Few of the major competitors currently working in the global residential energy management market are Elster Group SE, GENERAL ELECTRIC, Itron, Landis+Gyr., Schneider Electric, Oracle, Aclara Technologies LLC., Tendril Networks, Inc., Emerson Electric Co., DAIKIN INDUSTRIES, Ltd.,, Toshiba International Corporation, IBM Corporation, ABB, GridPoint, Siemens, ecobee., Ayla Networks Inc., STMicroelectronics, Electriq Power, Inc., among others.
Competitive Analysis
Global residential energy management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of residential energy management market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
• In October 2019, C3 IoT, Inc. and ENGIE announced the launch of smart institutions which is an AI powered holistic Energy-as-a-Service software solution which is specially designed for large institutions. Through Smart Institutions, organisations can control their buildings and energy resources proactively and automatically to improve efficiency and reduce energy costs. This launch will help the company to provide better solutions and services to their customer
• In July 2017, Schneider electric announced the launch of their Automatic Power Factor Corrector (APFC) panels and Automatic Harmonic Filter (AHF) which has the ability to save energy upto 30% as compared to their conventional solutions. This launch will help the company to support the government initiatives in achieving energy efficiency
Global Residential Energy Management Market By Platform (Energy Management Platform, Energy Analytics, Customer Engagement Platform), User Interface Application (Smart Appliances, Smart Meters, Smart Thermostats, In- House Displays), Communication Technology (Wi-Fi Technology, Zigbee Technology, Z- Wave Technology, Wireless M- Bus Technology, Homeplug Technology, Thread Technology), Hardware (Gateways, Load Control Switches, Demand Response Devices, Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices),Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Market Definition:
A residential energy management system is a technology platform consisting of both hardware and software that enables users to track energy use and output and manually control and/or automate energy use within a household. This is very beneficial as they manage the power utilization which can automatically decrease the utility bill. The residential energy management systems calculate the energy consumed by the home cooling, individual appliances and lighting system in order to achieve maximum savings.
Market Drivers:
• Rising demand for efficient energy management will accelerate the market growth
• Increasing number of smart homes will also enhance the market
• Growing applications of these solutions acts as a market driver
• Government is also taking different initiatives so they can encourage the use of residential energy management which is another factor boosting the market growth
Market Restraints:
• High investment cost will hamper the market growth
• Dearth of awareness among population will also restrain the market growth
Table Of Content: Residential Energy Management Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Aerial Imaging
Part 04: Global Residential Energy Management Market Sizing
Part 05: Global Residential Energy Management Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Continue…..
Segmentation: Global Residential Energy Management Market
By Platform
o Energy Management Platform
o Energy Analytics
o Customer Engagement Platform
By User Interface Application
o Smart Appliances
o Smart Meters
o Smart Thermostats
o In- House Displays
By Communication Technology
o Wi-Fi Technology
o Zigbee Technology
o Z- Wave Technology
o Wireless M- Bus Technology
o Homeplug Technology
o Thread Technology
By Hardware
o Gateways
o Load Control Switches
o Demand Response Devices
o Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Contact:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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