Residential Energy Management Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Residential energy management market is anticipated to grow at a considerable CAGR of 13.1% during the forecast period. Rising government initiative regarding green and sustainable energy usage for residential buildings is driving the residential energy management market. Governments globally are encouraging digitization to transform their national energy systems to boost efficiency and economic growth. Governments across various are aiming their vision toward sustainable, secure, and affordable energy systems to reinforce the significance of energy management. Realizing its importance, the Government of India is focusing on improving energy efficiency across residential building establishments. For instance, several new Initiatives in Building Energy Efficiency (BEE) were launched in July 2021, by the Bureau of Energy Efficiency, Union Minister to ensure continuous efforts to enhance energy efficiency in the economy. The initiatives are intended to help enhance the energy-efficiency levels in residential buildings across the country. Moreover, upcoming smart city projects including smart residential buildings in developing economies provide opportunities for the residential energy management market.

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The global residential energy management market is further segmented based on geography including North America (the US, and copyright), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Among these, North America is expected to cater prominent growth over the forecast period. However, Europe is projected to experience considerable growth in the residential energy management market.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Residential Energy Management Market by Component 

  • Hardware

  • Software


Global Residential Energy Management Market by Communication Technology

  • Wired

  • Wireless


Global Residential Energy Management Market by Application

  • Smart Appliances

  • Smart Meters

  • Smart Thermostats

  • In-House Displays (IHD)

  • Others


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific

  • Rest of the World


Company Profiles 

  • ABB Ltd

  • Aclara Technologies LLC. (Hubbell Inc.)

  • Amphenol group

  • Aztech Associates Inc.

  • Comcast Corp.

  • Eaton Corporation plc

  • ecobee inc.

  • Energate, Inc.

  • ON

  • General Electric Company

  • HPL Electric and Power Ltd

  • Itron, Inc.

  • Landis+Gyr AG

  • Lloyd Security Inc.

  • NXP Semiconductors N.V.

  • Oracle Corp.

  • Robert Bosch GmbH

  • Siemens AG

  • ZEN Within Inc.


The Report Covers

  • Market value data analysis of 2021 and forecast to 2028.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global residential energy management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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