The global Residential Energy Management market was valued at US$ 6320.9 million in 2022 and is projected to reach US$ 66000 million by 2029, at a CAGR of 39.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 homes heating, cooling, lighting systems and individual appliances to uncover trends in electricity use and operate devices to get maximum savings.
This report aims to provide a comprehensive presentation of the global market for Residential Energy Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Residential Energy Management. This report contains market size and forecasts of Residential Energy Management in global, including the following market information:
Global Residential Energy Management Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
North America (NA) region is one of the prime region for REM with repsect to the adoption of the technology. In 2017 the NA market has the largest market share of 39% followed by Europe. APAC and MEA are at the adoption stage of REM.
We surveyed the Residential Energy Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Residential Energy Management Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Residential Energy Management Market Segment Percentages, by Type, 2022 (%)
- Energy Management Platform (EMP)
- Energy Analytics
- Customer Engagement Platform (CEP)
Global Residential Energy Management Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Residential Energy Management Market Segment Percentages, by Application, 2022 (%)
- Smart Appliances
- Smart Meters
- Smart Thermostat
- In-House Displays
Global Residential Energy Management Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Residential Energy Management Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Residential Energy Management revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Residential Energy Management revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Elster Group
- General Electric
- Itron
- Landis+Gyr
- Schneider Electric
- Opower
- Itron
- Aclara Technologies
- Alertme.Com
- Tendril Networks
- Comverge
- EcoFactor
- Carrier
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Residential Energy Management, market overview.
- Chapter 2: Global Residential Energy Management market size in revenue.
- Chapter 3: Detailed analysis of Residential Energy Management company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Residential Energy Management in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
