Smart Energy Devices Market Set to Skyrocket: Innovations Driving 14.8% CAGR by 2031 | Top key players - Crown ElectroKinetics, Gree Electric Appliances Inc, General Electric.

Market Overview:

The Global Smart Energy Devices Market is expected to reach at a CAGR of 14.8% during the forecast period 2024-2031. The Market is growing due to increasing demand for energy-efficient solutions, smart grids, and IoT-enabled devices that optimize energy consumption and reduce costs. According to DataM Intelligence Report.

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The Smart Energy Devices Market encompasses advanced devices and systems designed to optimize energy consumption, enhance efficiency, and enable intelligent energy management. These devices include smart meters, sensors, controllers, and connected appliances that monitor, control, and analyze energy usage in residential, commercial, and industrial settings. Growing adoption of IoT, renewable energy integration, and energy conservation initiatives drive market growth.

United States: Recent Developments of Smart Energy Devices Market

✅ September 2025: DTE Energy announced that its smart grid devices prevented over 16,000 outages year-to-date, accelerating deployment with plans to add more than 675 devices by year-end as part of a $10 billion grid modernization initiative.​

✅ September 2025: Google Nest expanded its smart thermostats with AI-based predictive energy optimization for households, reducing peak demand and utility costs to enhance sustainable living.​

✅ October 2025: Schneider Electric launched a cloud-integrated smart home energy management system in California, integrating solar, battery storage, and appliances for real-time monitoring and grid reliability.

Europe: Recent Developments of Smart Energy Devices Market

✅ October 2025: Europe transitioned electricity trading to fifteen-minute intervals from hourly, improving market alignment with renewable fluctuations and enabling more efficient cross-border flows under the Single Day-Ahead Coupling framework.​

✅ November 2025: The European Commission approved 235 energy infrastructure projects, including smart grid enhancements, to bolster grid capacity and integration of renewables across the region.​

✅ November 2025: CEF Energy funded projects like Gabreta advanced smart grid digitalization in the German-Czech border, deploying remotely controlled systems and new substations for resilient renewable integration.

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Major Players:

Key companies in the Smart Energy Devices market include:

Crown ElectroKinetics
Gree Electric Appliances Inc
General Electric
Cuori Electrical Appliances Group Co., Ltd
Acme Kitchenettes Corp.
Invacare
BSH Bosch Hausgarate GMBH
Jabil Inc
EMH Metering GmbH & Co. KG
Microstar Electric Company Limited.

Market Growth Drivers:

✅ Rising integration of renewable energy sources into power grids, driven by the global shift to low-carbon economies and the need to manage intermittency from solar, wind, and other renewables through smart devices.​

✅ Technological advancements in IoT, AI, sensors, and smart metering, enabling real-time energy monitoring, optimization, and connectivity for more efficient devices in homes and industries.​

✅ Government policies, incentives, and investments in smart grid modernization and energy efficiency, including subsidies, tax credits, and mandates that accelerate adoption across North America, Europe, and Asia.

Segments Covered in the Smart Energy Devices Market:

By Type: Smart Meters, Smart Thermostats, Load Control Switches, Electric Vehicles, Smart Displays, Smart Home Appliances, Smart Kitchen Appliances, Smart Connectivity Appliances.

By Component: Power Component, Memory Component, Processing Component, Communication Interface.

By Application: Emission Reductions, Security of Energy Supply, Reducing Carbon Footprint, Others.

By End-User: Home Appliances, Mining, Water Treatment, Power Generation, General Machineries, Others.

Regional Analysis for Smart Energy Devices Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Smart Energy Devices market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Smart Energy Devices Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Smart Energy Devices market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Smart Energy Devices Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Smart Energy Devices market?

➠ Who are the global key manufacturers of the Smart Energy Devices Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Smart Energy Devices market opportunities and threats faced by the vendors in the global Smart Energy Devices Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Smart Energy Devices market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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