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The Global Residential Energy Management Market is expected to reach $5.38 billion by 2027 growing at a CAGR of 14.5% from 2020 to 2027. Residential energy management solutions are cost effective and latest technology solutions designed to cater to the demand of reduction in energy consumption by residential customers. Residential energy management solutions consume less power and results in lower utility bills. Residential energy management solutions measure the energy consumption of home’s heating, cooling, lighting systems and individual appliances to uncover trends in electricity use and operate devices to get maximum savings. Consumers choose residential energy management solutions independently or at times data ownership rights and device control is assigned to third party energy management service providers (EMSPs). Factors such as rising interest of smart appliance manufacturers and addition of all the user interface appliances over smart phones are driving the growth of the market. However, lack of awareness along with standard guidelines and high initial cost are restraining the growth of the market. Based on application, the flexible load management segment is going to have a lucrative growth during the forecast period which can be attributed to the need for reduction of stress on the electricity grid during peak periods and enabling building systems to act as distributed energy assets for the grid to achieve significant cost savings. Flexible load management is gaining steam across the utility industry as a critical strategy to increase the reliability of the power grid in a way that allows customers access to energy when they need it without requiring the expensive construction of new generation. The key vendors mentioned are ABB, Eaton, General Electric, Elster Group SE, Itron Incorporate, Opower Incorporate, Schneider Electric, Aclara Technologies LLC, Silver Spring Network, Landis+Gyr AG, Tendril Networks Inc, AlertMe.com Ltd, Comverge, Inc, EcoFactor, Inc, Carrier Corporation, Honeywell International, Emerson, Bosch, Uplight, Wattics Ltd, and Siemens. Platforms Covered: • Energy Management Platform (EMP) • Energy Analytics • Customer Engagement Platform (CEP) Components Covered: • Sensors • Software • Controllers • Batteries • Display Devices Communication Technologies Covered: • Threads • Wi-Fi • ZigBee • Wireless M-Bus • Z-Wave • Home Plugs • Fiber Optics • Internet Protocol (IP) • Ethernet Hardwares Covered: • Demand Response (DR) Devices • Ventilating • Heating and Air-Conditioning (HVAC) Control Devices • Smart Appliances • Smart Meters • Smart Thermostats • In-House Displays (IHD) • Smart Plugs • Load Control Switches (LCS) • Gateways • Relay Applications Covered: • Power Monitoring & Control • Load Shedding & Management • Flexible Load Management • Motive Battery and Energy Storage Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
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 Platform
5.1 Introduction
5.2 Energy Management Platform (EMP)
5.3 Energy Analytics
5.4 Customer Engagement Platform (CEP)
6 Global Residential Energy Management Market, By Component
6.1 Introduction
6.2 Sensors
6.3 Software
6.4 Controllers
6.5 Batteries
6.6 Display Devices
7 Global Residential Energy Management Market, By Communication Technology
7.1 Introduction
7.2 Threads
7.3 Wi-Fi
7.4 ZigBee
7.5 Wireless M-Bus
7.6 Z-Wave
7.7 Home Plugs
7.8 Fiber Optics
7.9 Internet Protocol (IP)
7.10 Ethernet
8 Global Residential Energy Management Market, By Hardware
8.1 Introduction
8.2 Demand Response (DR) Devices
8.3 Ventilating
8.4 Heating and Air-Conditioning (HVAC) Control Devices
8.5 Smart Appliances
8.6 Smart Meters
8.7 Smart Thermostats
8.8 In-House Displays (IHD)
8.9 Smart Plugs
8.10 Load Control Switches (LCS)
8.11 Gateways
8.12 Relay
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
9.5 Motive Battery and Energy Storage
10 Global Residential Energy Management Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 ABB
12.2 Eaton
12.3 General Electric
12.4 Elster Group SE
12.5 Itron Incorporate
12.6 Opower Incorporate
12.7 Schneider Electric
12.8 Aclara Technologies LLC
12.9 Silver Spring Network
12.10 Landis+Gyr AG
12.11 Tendril Networks Inc
12.12 AlertMe.com Ltd
12.13 Comverge, Inc
12.14 EcoFactor, Inc
12.15 Carrier Corporation
12.16 Honeywell International
12.17 Emerson
12.18 Bosch
12.19 Uplight
12.20 Wattics Ltd
12.21 Siemens
List of Data Tables
1 Global Residential Energy Management Market Outlook, By Region (2019-2027) ($MN)
2 Global Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
3 Global Residential Energy Management Market Outlook, By Energy Management Platform (EMP) (2019-2027) ($MN)
4 Global Residential Energy Management Market Outlook, By Energy Analytics (2019-2027) ($MN)
5 Global Residential Energy Management Market Outlook, By Customer Engagement Platform (CEP) (2019-2027) ($MN)
6 Global Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
7 Global Residential Energy Management Market Outlook, By Sensors (2019-2027) ($MN)
8 Global Residential Energy Management Market Outlook, By Software (2019-2027) ($MN)
9 Global Residential Energy Management Market Outlook, By Controllers (2019-2027) ($MN)
10 Global Residential Energy Management Market Outlook, By Batteries (2019-2027) ($MN)
11 Global Residential Energy Management Market Outlook, By Display Devices (2019-2027) ($MN)
12 Global Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
13 Global Residential Energy Management Market Outlook, By Threads (2019-2027) ($MN)
14 Global Residential Energy Management Market Outlook, By Wi-Fi (2019-2027) ($MN)
15 Global Residential Energy Management Market Outlook, By ZigBee (2019-2027) ($MN)
16 Global Residential Energy Management Market Outlook, By Wireless M-Bus (2019-2027) ($MN)
17 Global Residential Energy Management Market Outlook, By Z-Wave (2019-2027) ($MN)
18 Global Residential Energy Management Market Outlook, By Home Plugs (2019-2027) ($MN)
19 Global Residential Energy Management Market Outlook, By Fiber Optics (2019-2027) ($MN)
20 Global Residential Energy Management Market Outlook, By Internet Protocol (IP) (2019-2027) ($MN)
21 Global Residential Energy Management Market Outlook, By Ethernet (2019-2027) ($MN)
22 Global Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
23 Global Residential Energy Management Market Outlook, By Demand Response (DR) Devices (2019-2027) ($MN)
24 Global Residential Energy Management Market Outlook, By Ventilating (2019-2027) ($MN)
25 Global Residential Energy Management Market Outlook, By Heating and Air-Conditioning (HVAC) Control Devices (2019-2027) ($MN)
26 Global Residential Energy Management Market Outlook, By Smart Appliances (2019-2027) ($MN)
27 Global Residential Energy Management Market Outlook, By Smart Meters (2019-2027) ($MN)
28 Global Residential Energy Management Market Outlook, By Smart Thermostats (2019-2027) ($MN)
29 Global Residential Energy Management Market Outlook, By In-House Displays (IHD) (2019-2027) ($MN)
30 Global Residential Energy Management Market Outlook, By Smart Plugs (2019-2027) ($MN)
31 Global Residential Energy Management Market Outlook, By Load Control Switches (LCS) (2019-2027) ($MN)
32 Global Residential Energy Management Market Outlook, By Gateways (2019-2027) ($MN)
33 Global Residential Energy Management Market Outlook, By Relay (2019-2027) ($MN)
34 Global Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)
35 Global Residential Energy Management Market Outlook, By Power Monitoring & Control (2019-2027) ($MN)
36 Global Residential Energy Management Market Outlook, By Load Shedding & Management (2019-2027) ($MN)
37 Global Residential Energy Management Market Outlook, By Flexible Load Management (2019-2027) ($MN)
38 Global Residential Energy Management Market Outlook, By Motive Battery and Energy Storage (2019-2027) ($MN)
39 North America Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
40 North America Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
41 North America Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
42 North America Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
43 North America Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)
44 Europe Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
45 Europe Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
46 Europe Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
47 Europe Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
48 Europe Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)
49 Asia Pacific Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
50 Asia Pacific Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
51 Asia Pacific Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
52 Asia Pacific Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
53 Asia Pacific Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)
54 South America Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
55 South America Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
56 South America Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
57 South America Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
58 South America Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)
59 Middle East & Africa Residential Energy Management Market Outlook, By Platform (2019-2027) ($MN)
60 Middle East & Africa Residential Energy Management Market Outlook, By Component (2019-2027) ($MN)
61 Middle East & Africa Residential Energy Management Market Outlook, By Communication Technology (2019-2027) ($MN)
62 Middle East & Africa Residential Energy Management Market Outlook, By Hardware (2019-2027) ($MN)
63 Middle East & Africa Residential Energy Management Market Outlook, By Application (2019-2027) ($MN)