HOME Top Market Reports Residential Energy Management Market by Platform (Energy Management Platform, Energy Analytics, and Customer Engagement Platform), by User Interface Application, by Communication Technology, and by Region - Global forecast to 2019

Residential Energy Management Market by Platform (Energy Management Platform, Energy Analytics, and Customer Engagement Platform), by User Interface Application, by Communication Technology, and by Region - Global forecast to 2019

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: TC 3352

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Residential Energy Management (REM) is any device or an integrated system which is capable of controlling the energy consuming devices in the home, that is, to identify the energy saving opportunities and evolve best practices for managing consumption of energy resources. REM supervises the energy consumption of all the devices that are used in the resident and also manages the energy intake.With the decrease in the natural resources there has been a demand for optimizing energy consumption and increasing energy efficiency.  REM also identifies oppurtunities to save energy and provides information to the reisdents about it.

The necessity of REM has grown in recent years across the globe. There has also been a notable growth in the interest of the consumers in adoption of the technology for optimizing the use of energy. This has attracted many top players in the industry to invest in the new technology solution for REM. The Residential energy management market is expected to grow at a faster rate as both the regions NA and Europe are at the growth stage and they form the major market for REM. , British Gas, one of the U.K.’s leading energy service provider has signed up more than 1,00,000 customers for REM.  North America (NA) region is one of the prime region for REM with repsect to the adoption of the technology. In 2014 the NA market has the largest market share of 41.87% followed by Europe. APAC and MEA are at the adoption stage of REM.

Major vendors dealing in the Residential energy management market include Elster Group, General Electric Company, Itron Incorporate, Landis+Gyr AG, Schneider Electric SE, Opower Incorporate, Silver Spring Network, Aclara Technologies LLC, AlertMe.com Ltd, Tendril Networks, Inc.

Markets Covered

This Residential energy management market research report categorizes the global market on the basis of platform, user interface application, communication technology, hardware and region. The REM research report categorizes the REM  market for forecasting the revenues and analyzing the trends in each of the following sub-markets:

On the basis of Platform:

  • Energy Management Platform (EMP)
  • Energy Analytics
  • Customer Engagement Platform (CEP)

On the basis of User Interface Application:

  • Smart Appliances
  • Smart Meters
  • Smart Thermostat
  • In-House Displays

On the basis of Communication Technology:

  • Wi-Fi
  • ZigBee
  • Z-Wave
  • Wireless M-Bus
  • Home Plugs
  • Threads

On the basis of Hardware:

  • Gateways
  • Load Control Switches (LCS)
  • Demand Response (DR) Devices
  • Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices

On the basis of Regions:

  • North America (NA)
  • Europe
  • Latin America (LA)
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
           1.3.3 Currency and Pricing
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities 
    4.2 REM Overall Market 2014 vs. 2019
    4.3 Residential Energy Management Market Snapshot, By Type
    4.4 APAC REM Market, By User Interface Application,  2014–2019
    4.5 Lifecycle Analysis, By Region
    4.6 Market Investment Scenario
    4.7 Product Growth Matrix
    4.8 Regional Adoption Scenario: User Interface Application

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Platform
           5.2.2 By User Interface Application
           5.2.3 By Communication Technology
           5.2.4 By Hardware
           5.2.5 By Region
    5.3 Market Dynamics 
          5.3.1 Drivers
                   5.3.1.1 Increasing Consumer Interest in Efficient Energy Management
                   5.3.1.2 Advanced Metering Infrastructure (AMI) Rollout
                   5.3.1.3 Increasing Need to Improvise Utility Sector Efficiency
                   5.3.1.4 Attractive Prospects for Smart Homes Market Are Propelling Both Private and Government Agencies to Invest
           5.3.2 Restraints
                    5.3.2.1 Lack of Awareness and Standard Guidelines
                    5.3.2.2 High Initial Cost
           5.3.3 Opportunities
                    5.3.3.1 Growing Interest of Smart Appliances Manufacturers’ in REM Market
                    5.3.3.2 Integration of All the User Interface Appliances Over Smart Phones
           5.3.4 Challenges
                    5.3.4.1 Lack of Support From Network Service Providers

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Technology Vendors
           6.2.2 Original Device Manufacturer (ODM)
           6.2.3 Energy Platform Vendors
           6.2.4 System Integrators
    6.3 Ecosystem
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Rivalry
    6.5 Strategic Benchmarking

7 Residential Energy Management Market Analysis,  By Platform (Page No. - 51)
    7.1 Introduction
    7.2 Energy Management Platform (EMP)
    7.3 Energy Analytics
    7.4 Customer Engagement Platform (CEP)

8 Residential Energy Management Market Analysis,  By User Interface Application (Page No. - 56)
    8.1 Introduction
    8.2 Smart Appliances
    8.3 Smart Meters
    8.4 Smart Thermostats
    8.5 In-House Displays (IHD)

9 Residential Energy Management Market Analysis,  By Communication Technology (Page No. - 63)
    9.1 Introduction
    9.2 Wi-Fi Technology
    9.3 Zigbee Technology
    9.4 Z-Wave Technology
    9.5 Wireless M-Bus Technology
    9.6 Homeplug Technology
    9.7 Thread Technology

10 Residential Energy Management Market Analysis,  By Hardware (Page No. - 73)
     10.1 Introduction
     10.2 Gateways
     10.3 Load Control Switches (LCS)
     10.4 Demand Response (Dr) Devices
     10.5 Heating, Ventilating, and Air-Conditioning (HVAC) Control Devices

11 Geographic Analysis (Page No. - 79)
     11.1 Introduction
     11.2 North America (NA)
             11.2.1 United States(U.S.)
             11.2.2 Others
     11.3 Europe
     11.4 Asia-Pacific (APAC)
     11.5 Latin America (La)
     11.6 Middle-East and Africa (MEA)

12 Competitive Landscape (Page No. - 100)
     12.1 Overview
     12.2 Competitive Situation and Trends
     12.3 Venture Funding
     12.4 Mergers and Acquisitions
     12.5 Partnerships, Agreements, Joint Ventures, and Collaborations
     12.6 New Product Launches
     12.7 Business Expansions

13 Company Profiles (Page No. - 116)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MNM View)*
     13.1 Elster Group Gmbh
     13.2 General Electric Company
     13.3 Itron, Inc.
     13.4 Landis+Gyr AG
     13.5 Schneider Electric Se
     13.6 Opower, Inc.
     13.7 Silver Spring Networks, Inc.
     13.8 Aclara Technologies Llc.
     13.9 Alertme.Com Ltd
     13.10 Tendril Networks, Inc.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MNM View Might Not be Captured in Case of Unlisted 
Companies.

14 Appendix (Page No. - 141)
     14.1 Discussion Guide
     14.2 Introducing RT: Real-Time Market Intelligence
     14.3 Available Customizations
     14.4 Related Reports


List of Tables (73 Tables)

Table 1 Residential Energy Management Market Size and Growth Rate, 2012–2019 ($Million, Y-O-Y %)
Table 2 Rising Energy Demand and Price Volatility Will Drive the Market
Table 3 High Initial Cost and Lack of Technology Awareness Are the Major Restraints for the Growth of the Market
Table 4 Growing Demand of Consumer Electronics and Integration of Smart Appliances Over Smart Phones Will Act as an Opportunity for the Market
Table 5 Lack of Support Form Network Service Providers Will be the Major Challenge for Technology Vendors
Table 6 Residential Energy Management Market Size, By Platform, 2012-2019 ($Million)
Table 7 EMP: REM Market Size, By Region, 2012–2019 ($Million)
Table 8 Energy Analytics: REM Market Size, By Region, 2012–2019 ($Million)
Table 9 CEP: REM Market Size, By Region, 2012–2019 ($Million)
Table 10 REM User Interface Application Market Size, By Type, 2012–2019 ($Million)
Table 11 REM User Interface Application Market Size, By Region, 2012–2019 ($Million)
Table 12 Smart Appliances: REM Market Size, By Region, 2012–2019 ($Million)
Table 13 Smart Meters: REM Market Size, By Region, 2012–2019 ($Million)
Table 14 Smart Thermostats: REM Market Size, By Region, 2012–2019 ($Million)
Table 15 In-House Displays: REM Market Size, By Region, 2012–2019 ($Million)
Table 16 Residential Energy Management Market Size, By Communication Technology, 2012-2019 ($Million)
Table 17 REM Communication Technology Market Size, By Region, 2012–2019 ($Million)
Table 18 Wi-Fi Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 19 Zigbee Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 20 Z-Wave Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 21 Wireless M-Bus Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 22 Homeplug Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 23 Thread Technology: REM Market Size, By Region, 2012–2019 ($Million)
Table 24 Residential Energy Management Market Size, By Hardware, 2012–2019 ($Million)
Table 25 REM Hardware Market Size, By Region, 2012–2019 ($Million)
Table 26 Gateways: REM Market Size, By Region, 2012–2019 ($Million)
Table 27 LCS: REM Market Size, By Region, 2012–2019 ($Million)
Table 28 Dr Devices: REM Market Size, By Region, 2012–2019 ($Million)
Table 29 HVAC Control Devices: REM Market Size, By Region, 2012–2019 ($Million)
Table 30 Residential Energy Management Market Size, By Region, 2012–2019 ($Million)
Table 31 LA Has the Highest Growth Rate From 2014 to 2019
Table 32 Regional Snapshot: LA Market as a Hotspot During the Forecast Period
Table 33 NA: Market Size, By Country, 2012–2019 ($Million)
Table 34 NA: Market Size, By Type, 2012–2019 ($Million)
Table 35 NA: Market Size, By Platform, 2012–2019 ($Million)
Table 36 NA: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 37 NA: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 38 NA: Market Size, By Hardware, 2012–2019 ($Million)
Table 39 U.S.: Market Size, By Type, 2012–2019 ($Million)
Table 40 U.S.: Market Size, By Platform, 2012–2019 ($Million)
Table 41 U.S.: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 42 U.S. : Market Size, By Communication Technology, 2012–2019 ($Million)
Table 43 U.S. : Market Size, By Hardware, 2012–2019 ($Million)
Table 44 Others: Market Size, By Type, 2012–2019 ($Million)
Table 45 Others: Market Size, By Platform, 2012–2019 ($Million)
Table 46 Others: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 47 Others: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 48 Others: Market Size, By Hardware, 2012–2019 ($Million)
Table 49 Europe: Market Size, By Type, 2012–2019 ($Million)
Table 50 Europe: Market Size, By Platform, 2012–2019 ($Million)
Table 51 Europe: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 52 Europe: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 53 Europe: Market Size, By Hardware, 2012–2019 ($Million)
Table 54 APAC: Market Size, By Type, 2012–2019 ($Million)
Table 55 APAC: Market Size, By Platform, 2012–2019 ($Million)
Table 56 APAC: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 57 APAC: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 58 APAC: Market Size, By Hardware, 2012–2019 ($Million)
Table 59 LA: Market Size, By Type, 2012–2019 ($Million)
Table 60 LA: Market Size, By Platform, 2012–2019 ($Million)
Table 61 LA: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 62 LA: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 63 LA: Market Size, By Hardware, 2012–2019 ($Million)
Table 64 MEA: Market Size, By Type, 2012–2019 ($Million)
Table 65 MEA: Market Size, By Platform, 2012–2019 ($Million)
Table 66 MEA: Market Size, By User Interface Application, 2012–2019 ($Million)
Table 67 MEA: Market Size, By Communication Technology, 2012–2019 ($Million)
Table 68 MEA: Market Size, By Hardware, 2012–2019 ($Million)
Table 69 Venture Funding, 2009–2015
Table 70 Mergers and Acquisitions, 2011–2015
Table 71 Partnerships, Agreements, Joint Ventures, and Collaborations, 2011–2015
Table 72 New Product Launches, 2011–2015
Table 73 Business Expansions, 2013–2015


List of Figures (50 Figures)

Figure 1 Global Residential Energy Management Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumptions
Figure 6 Limitations
Figure 7 Na Held the Largest Market Share in 2014
Figure 8 Top Three Segments for the REM Market in 2014–2019
Figure 9 Residential Energy Management Market Size and Growth Rate, 2012–2019 ($Million, Y-O-Y %)
Figure 10 Increasing Demand for Residential Sector Energy Management is Driving the Market Towards Growth
Figure 11 Global REM Market, By Region, 2014 vs. 2019 ($Million)
Figure 12 Communication Technology Market to Grow at the Highest Rate Among the Top Four REM Segments
Figure 13 Smart Meters Leading in Terms of Market Share in the APAC Region for 2014
Figure 18 Residential Energy Management Market Segmentation: By Platform
Figure 19 Market Segmentation: By User Interface Application
Figure 20 Market Segmentation: By Communication Technology
Figure 21 Market Segmentation: By Hardware
Figure 22 Market Segmentation: By Region
Figure 23 Increasing Consumer Interest in Energy Management and Rising Energy Price Will Spur the Demand of REM Solutions
Figure 24 REM: Value Chain Analysis
Figure 25 REM Ecosystem
Figure 26 Residential Energy Management Market: Porter’s Five Forces Analysis
Figure 27 Majority of the Market is Dominated By Energy Management Platform
Figure 28 Europe Led the User Interface Application Market in Terms of Revenue Size in 2019
Figure 29 Majority of the Market is Dominated By Wi-Fi Technology During the Forecast Period
Figure 30 Evolution of Wi-Fi Technology
Figure 31 Zigbee Technology
Figure 32 Homeplug Technology Evolution
Figure 33 Residential Energy Management Market Size, By Hardware, 2014–2019 ($Million)
Figure 34 LA: An Attractive Destination for the REM Market, 2014–2019
Figure 35 Companies Adopted Growth Strategies Such as New Product Launch and Partnerships & Agreements 2014 - 2019
Figure 36 Schneider Electric Grew at the Highest CAGR Between 2009 and 2013
Figure 37 Market Evaluation Framework
Figure 38 Battle for Market Share: Venture Funding is the Key Strategy
Figure 39 Elster Group Gmbh: Company Snapshot
Figure 40 Elster Group Gmbh: SWOT Analysis
Figure 41 General Electric: Company Snapshot
Figure 42 General Electric: SWOT Analysis
Figure 43 Itron, Inc.: Company Snapshot
Figure 44 Itron Inc.: SWOT Analysis
Figure 45 Landis+Gyr AG: Company Snapshot
Figure 46 Landis+Gyr AG: SWOT Analysis
Figure 47 Schneider Electric Se: Company Snapshot
Figure 48 Schneider Electric Se: SWOT Analysis
Figure 49 Opower, Inc.: Company Snapshot
Figure 50 Silver Spring Networks, Inc.: Company Snapshot

Worldwide, major developed and developing countries face similar challenges when it comes to energy rising demand, high cost, and security and environmental concerns. Hence, there is a crucial need for changing the way that energy resources are generated and distributed. As a result, utilities around the world are in need of efficient, reliable, and secure ways to manage energy generation, transmission, and distribution. The residential sector alone consumes 18% of world’s total energy that is 92 quadrillion British thermal unit (Btu) energy is consumed. Out of this, 40 quadrillion Btu energy is loss in the form of electricity. Hence, to bridge this gap between the consumption and loss, there is a need for an efficient energy management system with stringent policies and standards.

In recent years, a number of countries have made substantial investments in energy management technology and the global market is expected to continue to grow throughout the decade. According to the industry analysis, the global market for EMS is estimated to reach $38.44 billion by 2018. A majority of this growth is expected to take place in the NA and European region, while the residential sector is likely to be the fastest growing market in these regions. Stringent government policies and fiscal incentives are the primary drivers of demand for REM in a multitude of markets. Eventually, the market tends to attract manufacturers that are seeking to expand their global presence. The governments have been playing a vital role in the advancement of the Residential energy management market.

Government initiatives such as smart meter rollouts, standardization of energy management policies, and incentives grab the interest of the residential consumer to adopt EMS. In 2008, the U.K. mandated that 53 million smart electric and gas meters be deployed in residential and commercial sectors by the end of 2019. Similarly, Europe will be completing its smart meters rollout initiative by 2020; which will cover almost 80% of the consumers. Also, China strategically placed the smart gird technology initiative in its 12th Five-Year Plan (2011–2015) and announced to deploy 300 million smart meters by 2015. Such initiatives by the regional government create substantial new markets for both domestic and foreign investments in the region. The intent was to introduce the smart metering technology which would benefit both the residential consumers and the utilities and then integrate the technology with the REM system to achieve the best result. However, the utilities tend to have limited budgets for capital expenditures that restrain the growth of the market. According to the analysis, although today the Residential energy management market shows slow Y-o-Y growth potential, by the end of decade the market will most likely achieve a winning imperative as new and more efficient technological solutions will be introduced in the market. Moreover, the winning imperatives will be more beneficial for vendors who offer open architecture and user-friendly products. The increasing energy demand, price volatility, government mandates, and spending over EMSs are considered as the influential growth drivers for the Residential energy management market.

The Residential energy management market was estimated to be valued at $2,860.4 Million in 2014 and reach $15,620.9 Million by 2019, with a Compound Annual Growth Rate (CAGR) of 40.4% between 2014 and 2019.

Global Residential Energy Management Market Size, by Region, 2014 - 2019 ($ Million)

Residential Energy Management Market

E- Estimated; P-Projected

Sources: Related Research Publications, Government Publications, Company Press Releases, Company Annual Report, Company Websites, Company Publications, MarketsandMarkets Analysis

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