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Charting the Course: Forecasting the Future of Residential Energy Management

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Pushpendra Shukla
Charting the Course: Forecasting the Future of Residential Energy Management

Residential Energy Management Market Overview

The Residential Energy Management Market research report looks at the examples in the parent market, close by the standard factors and piece of the pie by different portions and sub-sections. The Residential Energy Management Market report furthermore predicts the effect of different industry viewpoints accessible in market portions and geologies. The exploration report also distinguishes the market circumstance and impending difficulties of the overall market. It then analyzed competitive landscapes, item dispatches, augmentations, and acquisitions in the 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 and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)


The global Residential Energy Management market size is projected to reach USD 4.2 billion by 2026 at a CAGR of 13.2% from USD 2.5 billion in 2021 during the forecast period 2021-2028.

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Residential energy delas with the energy used in the household by the people. There are multiple ways which can be used for efficient energy management like identifying source of energy consumption, collection of data, analysis, identifying the opportunities, and tracking the progress.

Due to the surged energy consumption along with the governmental policies for the sector are some of the factors that have supported long-term expansion for Residential Energy Management Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Though the consumption of electricity in household has increased but the net demand for electricity has been reduced significantly affecting the sector negatively.

Residential Energy Management Market Regional Analysis

North America is expected to be the largest market during the forecast period. The increased investment in the sector has led to the expansion of market in the region.

Residential Energy Management Market Competitive Landscape

Key Players

·        ABB

·        Eaton

·        Schneider Electric

·        Honeywell International

·        Siemens

·        Itron

·        Emerson

·        Bosch

·        Span.Io

·        Lumin

·        Racepoint Energy

·        Appartme

·        Uplight

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Recent Developments in the Residential Energy Management Market

·        In June 2020, Eaton and Sunverge joined hands for providing intelligent and dynamic energy management of in-home appliances.

·        In May 2018, Schneider Electric signend a partnership with SolarEdge Technologies Inc so as to enhance the residential solar market and provided homeowners with seamless energy management for smart homes.

Reasons to Acquire Residential Energy Management Market Report

·        Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·        Gain authentic and granular data access for Residential Energy Management market so as to understand the trends and the factors involved behind changing market situations

·        Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·        In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Table of Contents

Residential Energy Management Market is segmented into Component, Communication technology, Application and geography.

On the basis of Component

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

On the basis of Communication Technology

Wired

Fiber Optic

Ethernet

Powerline Carrier

IP

Wireless

Radio Frequency Mesh

Cellular Network

WiMAX

On the basis of Application

Power Monitoring & Control

Load Shedding & Management

Flexible Load Management

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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