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
The 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. The market’s growth in is mainly driven by investments in smart grid and the upgrade of the existing power infrastructures focus on energy efficiency and the replacement of aging infrastructure. Moreover, upcoming smart city projects in developing economies provide opportunities for the residential energy management market in this region creates a lucrative opportunity for the market. Furthermore, high initial costs related to deploying residential energy management systems,need for ensuring privacy and security of residential consumer data is likely to hamper the growth of the residential energy management market.
“The flexible load management, by application, is expected to be the fastest-growing market from 2020 to 2025.”
The residential energy management market has been segmented based on component into power monitoring & control, load shedding & management, and flexible load management. The flexible load management is projected to be the fastest market owing to the need for the 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. North America is expected to hold the largest flexible load management market.
“The wired segment is projected to witness a larger market share than the wireless segment from 2020 to 2025.”
Based on communication technology, the residential energy management market has been segmented into wired and wireless. The wired segment accounted for a larger market share in 2019. Wired communication technology transmits large volumes of data, analyzes the data, and provides actionable information for grid operators. The growth of this wired communication technology segment is attributed to its increased security, lack of interference, and high speed. The most commonly used wired communication technology is fiber optic, which is expected to witness a high CAGR during the forecast period.
“North America is estimated to lead the residential energy management market during the forecast period.”
North America is estimated to be the largest market for residential energy management during the forecast period. For the market analysis, the region has been segmented into US, Canada, and Mexico. The demand for residential energy management in this region is driven by increasing investments in grid expansion projects to increase energy efficiency, grid reliability and increased power consumption residential sector.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 1 and USD 5 billion, and Tier 3 Company—Revenue < USD 1 billion
The residential energy management market is dominated by a few major players that have an extensive regional presence. The leading players in the residential energy management market. The leading players in this market are ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), Honeywell International (US), and Siemens (Germany).
Study Coverage:
The report defines, describes, and forecasts the residential energy management market, by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the residential energy management market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for residential energy management operations, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
“The flexible load management, by application, is expected to be the fastest-growing market from 2020 to 2025.”
The residential energy management market has been segmented based on component into power monitoring & control, load shedding & management, and flexible load management. The flexible load management is projected to be the fastest market owing to the need for the 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. North America is expected to hold the largest flexible load management market.
“The wired segment is projected to witness a larger market share than the wireless segment from 2020 to 2025.”
Based on communication technology, the residential energy management market has been segmented into wired and wireless. The wired segment accounted for a larger market share in 2019. Wired communication technology transmits large volumes of data, analyzes the data, and provides actionable information for grid operators. The growth of this wired communication technology segment is attributed to its increased security, lack of interference, and high speed. The most commonly used wired communication technology is fiber optic, which is expected to witness a high CAGR during the forecast period.
“North America is estimated to lead the residential energy management market during the forecast period.”
North America is estimated to be the largest market for residential energy management during the forecast period. For the market analysis, the region has been segmented into US, Canada, and Mexico. The demand for residential energy management in this region is driven by increasing investments in grid expansion projects to increase energy efficiency, grid reliability and increased power consumption residential sector.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
- By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
- By Region: North America- 40%, Europe- 20%, Asia Pacific- 15%, Middle East & Africa – 15%, and South America- 10%
Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 1 and USD 5 billion, and Tier 3 Company—Revenue < USD 1 billion
The residential energy management market is dominated by a few major players that have an extensive regional presence. The leading players in the residential energy management market. The leading players in this market are ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), Honeywell International (US), and Siemens (Germany).
Study Coverage:
The report defines, describes, and forecasts the residential energy management market, by technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the residential energy management market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for residential energy management operations, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
1 INTRODUCTION
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
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
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
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
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
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
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
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
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
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
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
(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
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
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
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
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
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
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
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
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
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
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
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
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
(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
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
