Residential Energy Management Market

Residential Energy Management Market by Component (Hardware (RTU, Relays, LCS, DR devices, Control Devices, In-house Displays), Software(EMP, Energy Analytics, CEP); Communication Technology (Wired, Wireless); Application; Region - Global forecast to 2025

Report Code: EP 7831 Feb, 2021, by marketsandmarkets.com

[191 Pages Report] The global residential energy management market is projected to reach USD 4.1 billion by 2025 from an estimated USD 2.2 billion in 2020, at a CAGR of  12.9% during the forecast period. Increasing government initiative for residential buildings and increasing power consumption is driving the residential energy management market.

Residential Energy Management Market

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COVID-19 Impact on the Global Residential energy management  Market

The ongoing COVID-19 pandemic has impacted the power industry globally. Due to the current scenario ,various device manufacture companies across regions has to shut down their manufacturing facilities and services as countries practiced partial or full lockdown strategy to deal with the pandemic. The electricity demand has been reduced significantly due to the COVID-19 pandemic, though electricity use in residential buildings has increased. However, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing to the decline in the business activities has further negatively impacted residential energy management solutions in the short term.

Residential energy management Market Dynamics

Driver: Rising energy consumption in residential sectors of OCED and non OCED nations

Energy consumption in the residential sector includes all energy consumed by households, excluding the energy used for transportation. It includes energy used for heating, cooling, lighting, water heating, and consumer products. In the International Energy Outlook 2016, the residential sector accounted for about 13% of the total world delivered energy consumption in 2040. Delivered energy consumption in the residential sector grows by an average of 1.4%/year from 2012 to 2040, increasing by a total of 48% over the entire period. This will likely drive the demand of residential energy management market.

Restraints: High initial costs related to deploying residential energy management systems

The initial phase of residential energy management system deployment is capital intensive. The role of local and national governments is vital in transforming infrastructures. The technology requires huge investments initially to set up the transmission network between the customers and the smart grid. Furthermore, an effective deployment requires strong coordination across customary organizational boundaries, significant process change, and rigorous governance. High operational and maintenance costs post-deployment are also a huge concern for the utility providers. Thus, reducing the demand for enhanced oil recovery.

Opportunities: Increasing investments for modernizing aging grid infrastructures

Increased investments in the digitalization of the grid by implementing advanced communication technologies will fuel the residential energy management market growth. Over the next decade, China plans to invest USD 6 trillion in infrastructure as part of its urbanization development plan. The private and public investments for the urbanization of the infrastructure in the UK are expected to be worth about USD 375 billion. Thus, these investments creates opportunities for the  residential energy management market.

Challenges: Interoperability of residential energy management systems

The interoperability problem is compounded by the need to interconnect both legacy equipment in buildings (such as roof-top chillers, electric meters, and lighting control panels) with next-generation over the top (OTT) devices such as sensors and switches in the electric power system, to enhance the coordination of energy flow with the real-time flow of information and analysis. Lack of communication standards, incapability of different IT protocols, and incompatible components of REM systems are also a few of the major barriers to the deployment and interoperability of residential energy management systems.

Residential Energy Management Market Interconnection

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Software is expected to grow at the fastest rate for residential energy management market, by component, during the forecast period

Based on component, the residential energy management market has been segmented into hardware, and software. The software segment accounted for the fastest growing market for the residential energy management market in 2019.The growth of the market for software component is attributed to its ease in accessibility and the ability to manage a huge amount of data from multiple devices, which transmit data simultaneously.

The wireless segment is projected to register a higher CAGR than the wired segment during the forecast period

Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is projected to witness a higher growth rate than the wired segment from 2020 to 2025. Wireless communication technology reduces maintenance costs and has easy accessibility of data from remote locations, which are expected to help drive its demand. The wireless segment includes radio frequency mesh, cellular, and WiMAX, among which the radio frequency mesh holds the largest market share owing to its high bandwidth, minimal latency, and end-to-end security features

By application, power monitoring & control is expected to be the most significant contributor to the residential energy management market  during the forecast period

The power monitoring & control segment is expected to grow at the fastest rate during the forecast period. The power monitoring & control application segment is projected to hold the largest market size during the forecast period. The growth of this segment is driven by the rising demand for power in the residential sector and the need for effectively utilizing the power. Thus,  increasing demand in the residnetial are driving the residential energy management market.

North America is expected to be the largest market during the forecast period.

North America, Europe, South America, Asia Pacific, Middle East, and Africa are the major regions considered for the study of the residential energy management market. North America is estimated to be the largest market from 2020 to 2025, driven by the huge increase in demand for electricity in North America, and its power sector is facing challenges in terms of reaching energy efficiency targets, compliance with federal carbon policy, and integrating various distributed energy generation sources. Hence, there is an increase in investments for residential energy management to overcome such challenges.

Residential Energy Management Market by Region

Key Market Players

The major players in the global residential energy management market are  include ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), Honeywell International (US), and Siemens (Germany).

Scope of the Report

Report Metric

Details

Market Size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Component, Communication technology, Application,  and region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), Honeywell International (US), and Siemens (Germany),General Electric (US), Engie (France), E.On (Germany), Bosch (Germany), Landis+Gyr (Switzerland) , Itron (US), Emerson (US), Trane Technologies (Ireland), Tantalus system Corp, (US), Provident Energy Management Inc. (Canada), Sunverge Energy Inc.(US) , Koben System Inc. (Canada), NeoSilica (India), Lockheed Martin Corporation (US), Uplight (US), Span.IO (US), Lumin (US), RacePoint Energy(US), and Appartme (Poland), Wattics Ltd (UK)

This research report categorizes the residential energy management market-based technology, application,  and region

Based on component, the residential energy management market has been segmented as follows:

  • Hardware
    • Remote Terminal Units
    • Relays
    • Load Control Switches
    • Demand Response Devices
    • Control Devices
    • In- house Displays
  • Software
    • Energy Management Platform
    • Energy Analytics
    • Customer Engagement Platform

Based on communication technology, the residential energy management market has been segmented as follows:

  • Wired
    • Fiber Optic
    • Ethernet
    • Powerline Carrier
    • IP
  • Wireless
    • Radio Frequency Mesh
    • Cellular Network
    • WiMAX

Based on application, the residential energy management market has been segmented as follows:

  • Power Monitoring & Control
  • Load Shedding & Management
  • Flexible Load Management

Based on the region, the residential energy management market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa

Recent Developments

  • In June 2020, Eaton entered into a collaboration with Sunverge for providing intelligent and dynamic energy management of in-home appliances. Integrating Eaton’s energy management residential energy management with the Sunverge platform delivered utilities an all-in-one solution for smart home energy management, DER control, and dynamic, flexible load management.
  • In May 2018, Schneider Electric entered into a partnership with SolarEdge Technologies Inc. It enhanced the residential solar market and provided homeowners with seamless energy management for smart homes.
  • In May 2018, Honeywell launched IQ Vision, a building energy management system (BEMS) from Trend Control Systems.
  • IQ Vision is designed to help building owners and managers optimize energy use in their properties.
  • In March 2018, ABB launched the energy and asset management portfolio. The portfolio includes two energy monitoring solutions, the CMS-700 circuit-monitoring system, and the EQmatic energy analyzer. The portfolio simplifies energy management for buildings, enabling savings of up to 30 percent.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMPONENT: INCLUSIONS VS. EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 1 RESIDENTIAL ENERGY MANAGEMENT MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
                            TABLE 1 RESIDENTIAL ENERGY MANAGEMENT: PLAYERS/COMPANIES CONNECTED
    2.3 SCOPE
    2.4 IMPACT OF COVID-19 ON POWER INDUSTRY
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
                 FIGURE 3 RESIDENTIAL ENERGY MANAGEMENT MARKET: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                 FIGURE 4 RESIDENTIAL ENERGY MANAGEMENT MARKET: TOP-DOWN APPROACH
           2.5.3 IDEAL DEMAND-SIDE ANALYSIS
                 FIGURE 5 RESIDENTIAL ENERGY MANAGEMENT MARKET: DEMAND-SIDE ANALYSIS
                    2.5.3.1 Assumptions for demand-side
                    2.5.3.2 Calculations
           2.5.4 SUPPLY-SIDE ANALYSIS
                 FIGURE 6 RESIDENTIAL ENERGY MANAGEMENT MARKET: SUPPLY-SIDE ANALYSIS
                    2.5.4.1 Supply-side calculations
                            FIGURE 7 MARKET RANKING & INDUSTRY CONCENTRATION, 2019
           2.5.5 FORECASTS

3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 SCENARIO ANALYSIS
        FIGURE 8 SCENARIO ANALYSIS: RESIDENTIAL ENERGY MANAGEMENT MARKET, 2019–2021
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
                 TABLE 2 RESIDENTIAL ENERGY MANAGEMENT MARKET SNAPSHOT
                 FIGURE 9 NORTH AMERICA DOMINATED RESIDENTIAL ENERGY MANAGEMENT  MARKET IN 2019, IN TERMS OF SHARE
                 FIGURE 10 HARDWARE SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMPONENT, DURING FORECAST PERIOD
                 FIGURE 11 WIRED COMMUNICATION TECHNOLOGY SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMMUNICATION TECHNOLOGY, DURING FORECAST PERIOD
                 FIGURE 12 POWER MONITORING & CONTROL SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF RESIDENTIAL ENERGY MANAGEMENT MARKET, BY APPLICATION, DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN RESIDENTIAL ENERGY MANAGEMENT MARKET
        FIGURE 13 INCREASING CONSUMPTION OF POWER IN RESIDENTIAL SECTOR IS DRIVING RESIDENTIAL ENERGY MANAGEMENT MARKET DURING 2020–2025
    4.2 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY REGION
        FIGURE 14 RESIDENTIAL ENERGY MANAGEMENT MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 RESIDENTIAL ENERGY MANAGEMENT MARKET IN ASIA PACIFIC, BY APPLICATION & COUNTRY
        FIGURE 15 POWER MONITORING & CONTROL AND CHINA DOMINATED RESIDENTIAL ENERGY MANAGEMENT MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2019
    4.4 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMPONENT
        FIGURE 16 HARDWARE PROJECTED TO CONTINUE TO DOMINATE RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMPONENT, IN 2019
    4.5 RESIDENTIAL ENERGY MANAGEMENT MARKET,  BY COMMUNICATION TECHNOLOGY
        FIGURE 17 WIRED COMMUNICATION TECHNOLOGY SEGMENT EXPECTED TO HOLD LARGER SHARE OF RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMMUNICATION TECHNOLOGY, IN 2019

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 18 COVID-19 GLOBAL PROPAGATION
        FIGURE 19 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
        FIGURE 20 RECOVERY ROAD FOR 2020 & 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 21 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
        FIGURE 22 RESIDENTIAL ENERGY MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Rising energy consumption in residential sectors of OCED and non-OCED nations
                            FIGURE 23 WORLD ELECTRICITY FINAL CONSUMPTION, BY SECTOR, 1974–2018 (TWH)
                    5.5.1.2 Government initiatives and policies toward energy efficiency in residential buildings
           5.5.2 RESTRAINTS
                    5.5.2.1 High initial costs related to deploying residential energy management systems
                    5.5.2.2 Need for ensuring privacy and security of residential consumer data
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Increasing investments for modernizing aging grid infrastructures
                            FIGURE 24 INVESTMENTS IN SMART GRIDS, BY TECHNOLOGY AREA, 2014–2019 (USD BILLION)
                    5.5.3.2 Upcoming smart city projects in developing economies enhance growth in residential sector
           5.5.4 CHALLENGES
                    5.5.4.1 Interoperability of residential energy management systems
                    5.5.4.2 Impact of COVID-19 on manufacture of residential energy management systems
    5.6 YC-YCC SHIFT
           5.6.1 REVENUE SHIFT FOR RESIDENTIAL ENERGY MANAGEMENT
                 FIGURE 25 REVENUE SHIFT FOR RESIDENTIAL ENERGY MANAGEMENT
    5.7 MARKET MAP
        FIGURE 26 MARKET MAP FOR RESIDENTIAL ENERGY MANAGEMENT
    5.8 SUPPLY CHAIN ANALYSIS
        FIGURE 27 RESIDENTIAL ENERGY MANAGEMENT: SUPPLY CHAIN ANALYSIS
           5.8.1 ORIGINAL DEVICE MANUFACTURERS
           5.8.2 ENERGY PLATFORM VENDORS
           5.8.3 SYSTEM INTEGRATORS
    5.9 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 28 REM MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 INTENSITY OF RIVALRY
    5.10 TECHNOLOGY ANALYSIS
    5.11 RESIDENTIAL ENERGY MANAGEMENT: PATENT ANALYSIS
           5.11.1 INNOVATIONS & PATENT REGISTRATIONS
                  TABLE 3 IMPORTANT INNOVATIONS & PATENT REGISTRATIONS, 2016
    5.12 TARIFF AND REGULATORY LANDSCAPE
         TABLE 4 RESIDENTIAL ELECTRICITY PRICES IN SELECTED ECONOMIES, 2018
         TABLE 5 REGULATORY PROGRAMS FOR ENERGY MANAGEMENT
    5.13 CASE STUDY ANALYSIS
           5.13.1 RESIDENTIAL ENERGY MANAGEMENT FOR ENERGY MARKET
                    5.13.1.1 ABB upgrades landmark buildings in Zaragoza’s smart city project with energy monitoring system
                               5.13.1.1.1 Problem statement: February 2019
                               5.13.1.1.2 Solution statement

6 IMPACT OF COVID-19 ON RESIDENTIAL ENERGY MANAGEMENT MARKET, SCENARIO ANALYSIS, BY REGION (Page No. - 70)
    6.1 INTRODUCTION
           6.1.1 IMPACT OF COVID-19 ON GDP
                 TABLE 6 GDP ANALYSIS (IN PERCENTAGE)
           6.1.2 OPTIMISTIC SCENARIO
                 TABLE 7 OPTIMISTIC SCENARIO: RESIDENTIAL ENERGY MANAGEMENT MARKET, BY REGION,  2018–2025 (USD MILLION)
           6.1.3 REALISTIC SCENARIO
                 TABLE 8 REALISTIC SCENARIO: RESIDENTIAL ENERGY MANAGEMENT MARKET, BY REGION,  2018–2025 (USD MILLION)
           6.1.4 PESSIMISTIC SCENARIO
                 TABLE 9 PESSIMISTIC SCENARIO: RESIDENTIAL ENERGY MANAGEMENT MARKET, BY REGION,  2018–2025 (USD MILLION)

7 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY COMPONENT (Page No. - 74)
    7.1 INTRODUCTION
        FIGURE 29 HARDWARE COMPONENT SEGMENT EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
        TABLE 10 RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
    7.2 HARDWARE
        TABLE 11 HARDWARE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY TYPE,  2018–2025 (USD MILLION)
           7.2.1 REMOTE TERMINAL UNITS
                    7.2.1.1 Need for voltage regulation, advanced fault detection, and automating power restoration is expected to drive market
                            TABLE 12 REMOTE TERMINAL UNIT: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.2.2 RELAYS
                    7.2.2.1 Rising awareness regarding potential power wastes and optimization of energy consumption
                            TABLE 13 RELAYS: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
           7.2.3 LOAD CONTROL SWITCHES
                    7.2.3.1 Need for managing energy usage at times of peak demand is leaky to drive market for LCS
                            TABLE 14 LOAD CONTROL SWITCH: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
           7.2.4 DEMAND RESPONSE DEVICES
                    7.2.4.1 Demand for controlling high-energy appliances is expected to boost market growth
                            TABLE 15 DEMAND RESPONSE DEVICE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
           7.2.5 CONTROL DEVICES
                    7.2.5.1 Reduced long-term energy costs offered by control devices are driving market
                            TABLE 16 CONTROL DEVICE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.2.6 IN-HOUSE DISPLAYS
                    7.2.6.1 Ease of connectivity offered by smart devices is fueling market growth
                            TABLE 17 IN-HOUSE DISPLAYS: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    7.3 SOFTWARE
        TABLE 18 SOFTWARE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SOFTWARE,  2018–2025 (USD MILLION)
           7.3.1 ENERGY MANAGEMENT PLATFORM
                    7.3.1.1 EMP handles large quantities of energy data and analyzes it on real-time basis
                            TABLE 19 ENERGY MANAGEMENT PLATFORM: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.3.2 ENERGY ANALYTICS
                    7.3.2.1 Energy analytics have potential to improve grid reliability by monitoring frequency and duration of power outages
                            TABLE 20 ENERGY ANALYTICS: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           7.3.3 CUSTOMER ENGAGEMENT PLATFORM
                    7.3.3.1 Rising customer satisfaction and loyalty while increasing customer participation in home energy efficiency programs
                            TABLE 21 CUSTOMER ENGAGEMENT PLATFORM: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)

8 RESIDENTIAL ENERGY MANAGEMENT MARKET,  BY COMMUNICATION TECHNOLOGY (Page No. - 85)
    8.1 INTRODUCTION
        FIGURE 30 WIRED COMMUNICATION TECHNOLOGY SEGMENT EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
        TABLE 22 RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
    8.2 WIRED COMMUNICATION TECHNOLOGY
        TABLE 23 WIRED COMMUNICATION TECHNOLOGY: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
           8.2.1 FIBER OPTIC
                    8.2.1.1 Increasing investments for data transfer in utilities drive growth of this segment
                            TABLE 24 FIBER OPTIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
           8.2.2 ETHERNET
                    8.2.2.1 High level of security and reliability offered are driving market for this segment
                            TABLE 25 ETHERNET: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
           8.2.3 POWERLINE CARRIER
                    8.2.3.1 High insulation level of high-voltage power lines for transmission of data
                            TABLE 26 POWERLINE CARRIER: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           8.2.4 IP
                    8.2.4.1 Cost-effectiveness and security for data transfer in utilities
                            TABLE 27 IP: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    8.3 WIRELESS COMMUNICATION TECHNOLOGY
        TABLE 28 WIRELESS COMMUNICATION TECHNOLOGY: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
           8.3.1 RADIO FREQUENCY MESH
                    8.3.1.1 Ability to manage huge amounts of traffic from multiple devices
                            TABLE 29 RADIO FREQUENCY MESH: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)
           8.3.2 CELLULAR NETWORK
                    8.3.2.1 Increasing investments in introduction of 5G technology
                            TABLE 30 CELLULAR NETWORK: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
           8.3.3 WIMAX
                    8.3.3.1 Ability to support high-speed data transfer over long distances
                            TABLE 31 WIMAX: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)

9 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY APPLICATION (Page No. - 93)
    9.1 INTRODUCTION
        FIGURE 31 POWER MONITORING & CONTROL APPLICATION SEGMENT EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
        TABLE 32 RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
    9.2 POWER MONITORING & CONTROL
           9.2.1 RISING NEED FOR EFFECTIVE UTILIZATION OF POWER RESOURCES IS EXPECTED TO DRIVE MARKET
                 TABLE 33 POWER MONITORING & CONTROL: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.3 LOAD SHEDDING & MANAGEMENT
           9.3.1 INCREASING GRID RELIABILITY BY AVOIDING SYSTEM OUTAGES IS EXPECTED TO BOOST MARKET GROWTH
                 TABLE 34 LOAD SHEDDING & MANAGEMENT: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.4 FLEXIBLE LOAD MANAGEMENT
           9.4.1 GROWING NEED OF CONSUMERS TO SHIFT ENERGY USAGE TO OFF-PEAK TIMES IS EXPECTED TO DRIVE MARKET
                 TABLE 35 FLEXIBLE LOAD MANAGEMENT: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY REGION, 2018–2025 (USD MILLION)

10 RESIDENTIAL ENERGY MANAGEMENT MARKET, BY REGION (Page No. - 98)
     10.1 INTRODUCTION
          FIGURE 32 REGIONAL SNAPSHOT: ASIA PACIFIC TO REGISTER HIGHEST CAGR OF RESIDENTIAL ENERGY MANAGEMENT MARKET DURING FORECAST PERIOD
          FIGURE 33 RESIDENTIAL ENERGY MANAGEMENT MARKET SHARE, BY REGION, 2019
          TABLE 36 RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SCENARIO ANALYSIS,  2018–2025 (USD MILLION)
          TABLE 37 RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY REGION,  2018–2025 (USD MILLION)
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: COVID-19 IMPACT
                    FIGURE 34 NORTH AMERICA: REGIONAL SNAPSHOT,2019
             10.2.2 BY COMPONENT
                    TABLE 38 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMPONENT,  2018–2025 (USD MILLION)
                        10.2.2.1 By Hardware
                                 TABLE 39 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY HARDWARE,  2018–2025 (USD MILLION)
                        10.2.2.2 By Software
                                 TABLE 40 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SOFTWARE,  2018–2025 (USD MILLION)
             10.2.3 BY COMMUNICATION TECHNOLOGY
                    TABLE 41 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.2.3.1 By Wired Technology
                                 TABLE 42 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRED COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.2.3.2 By Wireless Technology
                                 TABLE 43 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRELESS COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
             10.2.4 BY APPLICATION
                    TABLE 44 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
             10.2.5 BY COUNTRY
                    TABLE 45 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
                        10.2.5.1 US
                                     10.2.5.1.1 Increasing focus on upgrading aging grid infrastructure with digitalization of grids is expected to drive market
                                                TABLE 46 US: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.2.5.2 Canada
                                     10.2.5.2.1 Increased domestic power consumption is boosting market growth
                                                TABLE 47 CANADA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.2.5.3 Mexico
                                     10.2.5.3.1 Government initiative to enhance energy efficiency are boosting market growth
                                                TABLE 48 MEXICO: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
     10.3 EUROPE
             10.3.1 EUROPE: COVID-19 IMPACT
                    FIGURE 35 EUROPE: REGIONAL SNAPSHOT,2019
             10.3.2 BY COMPONENT
                    TABLE 49 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMPONENT,  2018–2025 (USD MILLION)
                        10.3.2.1 By Hardware
                                 TABLE 50 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY HARDWARE,  2018–2025 (USD MILLION)
                        10.3.2.2 By Software
                                 TABLE 51 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SOFTWARE,  2018–2025 (USD MILLION)
             10.3.3 BY COMMUNICATION TECHNOLOGY
                    TABLE 52 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.3.3.1 By Wired Technology
                                 TABLE 53 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRED COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.3.3.2 By Wireless Technology
                                 TABLE 54 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRELESS COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
             10.3.4 BY APPLICATION
                    TABLE 55 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
             10.3.5 BY COUNTRY
                    TABLE 56 EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
                        10.3.5.1 Germany
                                     10.3.5.1.1 Heightened focus on smart grid deployment is propelling market growth
                                                TABLE 57 GERMANY: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        10.3.5.2 UK
                                     10.3.5.2.1 Need to monitor energy consumption in residential buildings is driving market growth
                                                TABLE 58 UK: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        10.3.5.3 France
                                     10.3.5.3.1 Ambitious medium- and long-term energy and climate targets are fueling market growth
                                                TABLE 59 FRANCE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.3.5.4 Italy
                                     10.3.5.4.1 Need for reducing power factor penalties is favoring market growth
                                                TABLE 60 ITALY: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.3.5.5 Spain
                                     10.3.5.5.1 Focus on decreasing energy cost is supporting market growth
                                                TABLE 61 SPAIN: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.3.5.6 Russia
                                     10.3.5.6.1 Energy Strategy 2035 to foster market growth in Russia
                                                TABLE 62 RUSSIA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.3.5.7 Rest of Europe
                                 TABLE 63 REST OF EUROPE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: COVID-19 IMPACT
             10.4.2 BY COMPONENT
                    TABLE 64 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMPONENT,  2018–2025 (USD MILLION)
                        10.4.2.1 By Hardware
                                 TABLE 65 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY HARDWARE,  2018–2025 (USD MILLION)
                        10.4.2.2 By Software
                                 TABLE 66 NORTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SOFTWARE,  2018–2025 (USD MILLION)
             10.4.3 BY COMMUNICATION TECHNOLOGY
                    TABLE 67 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.4.3.1 By Wired Technology
                                 TABLE 68 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRED COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.4.3.2 By Wireless Technology
                                 TABLE 69 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRELESS COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
             10.4.4 BY APPLICATION
                    TABLE 70 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
             10.4.5 BY COUNTRY
                    TABLE 71 ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
                        10.4.5.1 China
                                     10.4.5.1.1 Increasing investments for residential energy efficiency are likely to drive market
                                                TABLE 72 CHINA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.4.5.2 India
                                     10.4.5.2.1 Rising investments in smart city projects are expected to boost market growth
                                                TABLE 73 INDIA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.4.5.3 Japan
                                     10.4.5.3.1 Growing government initiatives toward energy-efficient technologies in buildings are expected to propel market growth
                                                TABLE 74 JAPAN: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.4.5.4 Australia
                                     10.4.5.4.1 Replacement of aging grid infrastructure to increase efficiency is expected to drive market
                                                TABLE 75 AUSTRALIA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        10.4.5.5 Rest of Asia Pacific
                                 TABLE 76 REST OF ASIA PACIFIC: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)
     10.5 SOUTH AMERICA
             10.5.1 BY COMPONENT
                    TABLE 77 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
                        10.5.1.1 By Hardware
                                 TABLE 78 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY HARDWARE, 2018–2025 (USD MILLION)
                        10.5.1.2 By Software
                                 TABLE 79 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY SOFTWARE, 2018–2025 (USD MILLION)
             10.5.2 BY COMMUNICATION TECHNOLOGY
                    TABLE 80 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.5.2.1 By Wired Technology
                                 TABLE 81 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRED COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.5.2.2 By Wireless Technology
                                 TABLE 82 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRELESS COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
             10.5.3 BY APPLICATION
                    TABLE 83 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
             10.5.4 BY COUNTRY
                    TABLE 84 SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
                        10.5.4.1 Brazil
                                     10.5.4.1.1 Modernization of existing power infrastructures and high electricity demand to drive market growth
                                                TABLE 85 BRAZIL: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.5.4.2 Argentina
                                     10.5.4.2.1 Economic and regulatory changes in Argentinian energy sector are expected to boost market growth
                                                TABLE 86 ARGENTINA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        10.5.4.3 Rest of South America
                                 TABLE 87 REST OF SOUTH AMERICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA
             10.6.1 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
             10.6.2 BY COMPONENT
                    TABLE 88 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY COMPONENT, 2018–2025 (USD MILLION)
                        10.6.2.1 By Hardware
                                 TABLE 89 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY HARDWARE, 2018–2025 (USD MILLION)
                        10.6.2.2 By Software
                                 TABLE 90 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY SOFTWARE, 2018–2025 (USD MILLION)
             10.6.3 COMMUNICATION TECHNOLOGY
                    TABLE 91 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.6.3.1 By Wired Technology
                                 TABLE 92 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY WIRED COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
                        10.6.3.2 By Wireless Technology
                                 TABLE 93 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY WIRELESS COMMUNICATION TECHNOLOGY, 2018–2025 (USD MILLION)
             10.6.4 BY APPLICATION
                    TABLE 94 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)
             10.6.5 BY COUNTRY
                    TABLE 95 MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY GEOGRAPHY, 2018–2025 (USD MILLION)
                        10.6.5.1 Saudi Arabia
                                     10.6.5.1.1 Increasing investments in power projects are expected to fuel market growth
                                                TABLE 96 SAUDI ARABIA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.6.5.2 UAE
                                     10.6.5.2.1 Several upcoming transmission and distribution network projects are expected to propel market growth
                                                TABLE 97 UAE: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION,  2018–2025 (USD MILLION)
                        10.6.5.3 South Africa
                                     10.6.5.3.1 Need to modernize aging grid infrastructure is expected to augment market growth
                                                TABLE 98 SOUTH AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        10.6.5.4 Rest of Middle East & Africa
                                 TABLE 99 REST OF MIDDLE EAST & AFRICA: RESIDENTIAL ENERGY MANAGEMENT MARKET SIZE,  BY APPLICATION, 2018–2025 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 138)
     11.1 OVERVIEW
          FIGURE 36 KEY DEVELOPMENTS IN GLOBAL RESIDENTIAL ENERGY MANAGEMENT MARKET, 2017–2020
     11.2 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
          FIGURE 37 TOP 5 PLAYERS DOMINATED MARKET IN LAST 5 YEARS
     11.3 MARKET SHARE ANALYSIS, 2019
          FIGURE 38 MARKET SHARE ANALYSIS, 2019
     11.4 COMPETITIVE SCENARIO
          TABLE 100 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2017–2020
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANTS
     11.6 COMPANY EVALUATION MATRIX, 2019
          FIGURE 39 RESIDENTIAL ENERGY MANAGEMENT MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING (2019)
     11.7 COMPETITIVE LEADERSHIP MAPPING OF START-UPS
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 STARTING BLOCKS
             11.7.4 DYNAMIC COMPANIES
                    FIGURE 40 COMPETITIVE LEADERSHIP MAPPING OF START-UPS, 2019
     11.8 KEY MARKET DEVELOPMENTS
             11.8.1 PRODUCT LAUNCHES
             11.8.2 INVESTMENTS & EXPANSIONS
             11.8.3 MERGERS & ACQUISITIONS
             11.8.4 PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES

12 COMPANY PROFILES (Page No. - 149)
(Business and financial overview, Products offered, Recent Developments, MNM view)*
     12.1 ABB
          FIGURE 41 ABB: COMPANY SNAPSHOT
     12.2 EATON
          FIGURE 42 EATON: COMPANY SNAPSHOT
     12.3 SCHNEIDER ELECTRIC
          FIGURE 43 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
     12.4 HONEYWELL INTERNATIONAL
          FIGURE 44 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
     12.5 LANDIS+GYR
          FIGURE 45 LANDIS+GYR: COMPANY SNAPSHOT
     12.6 GENERAL ELECTRIC
          FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT
     12.7 SIEMENS
          FIGURE 47 SIEMENS: COMPANY SNAPSHOT
     12.8 ITRON
          FIGURE 48 ITRON: COMPANY SNAPSHOT
     12.9 EMERSON
          FIGURE 49 EMERSON: COMPANY SNAPSHOT
     12.10 BOSCH
           FIGURE 50 BOSCH: COMPANY SNAPSHOT
     12.11 SPAN.IO
     12.12 LUMIN
     12.13 RACEPOINT ENERGY
     12.14 APPARTME
     12.15 UPLIGHT
     12.16 WATTICS LTD
     12.17 TANTALUS SYSTEMS CORP.
     12.18 SUNVERGE ENERGY, INC
     12.19 KOBEN SYSTEMS INC.
     12.20 NEOSILICA
     12.21 TANTALUS SYSTEMS CORP.

*Details on Business and financial overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 184)
     13.1 INSIGHTS OF INDUSTRY EXPERTS SS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the residential energy management market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global residential energy management market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The residential energy management market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as upstream/oilfield operators, and others. The supply-side is characterized by residential energy management service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Residential Energy Management Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global residential energy management market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Residential Energy Management Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, segment, and forecast the residential energy management market by communication technology, component, and application
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the residential energy management market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To provide a detailed analysis of the impact of the COVID-19 pandemic on the residential energy management market and an estimation of the market size
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the residential energy management market with respect to the main regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
  • To profile key players and comprehensively analyze their market share
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the residential energy management market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Residential Energy Management Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Residential Energy Management Market

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EP 7831
Published ON
Feb, 2021
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