Residential Energy Management Market to Witness Growth Acceleration During 2018-2023
Date: 2019-01-30   Author: Partha Ray  Category: #industry

Residential Energy Management Market to Witness Growth Acceleration During 2018-2023

The worldwide market for Residential Energy Management is expected to grow at a CAGR of roughly 41.0% over the next five years, will reach 49800 million US$ in 2023, from 6330 million US$ in 2017, according to a new study.

Residential energy management solutions are cost effective and latest technology solutions designed to cater to the demand of reduction in energy consumption by residential customers. Residential energy management solutions consume less power and results in lower utility bills. Residential energy management solutions measure the energy consumption of home?s heating, cooling, lighting systems and individual appliances to uncover trends in electricity use and operate devices to get maximum savings.

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This report focuses on the Residential Energy Management in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

North America (NA) region is one of the prime region for REM with repsect to the adoption of the technology. In 2017 the NA market has the largest market share of 39% followed by Europe. APAC and MEA are at the adoption stage of REM.

Questions answered in the report with respect to the competitive hierarchy of the Residential Energy Management market:

  • As per the report, what are the companies that are encompassed in the competitive landscape of the Residential Energy Management market?
  • Which among these companies – Elster Group, General Electric, Itron, Landis+Gyr, Schneider Electric, Opower, Silver Spring Networks, Aclara Technologies, Alertme.Com, Tendril Networks, Comverge, EcoFactor and Carrier, has been touted to emerge as the most lucrative investment hub in this market?
  • How much share do each of these firms procure in the Residential Energy Management market?
  • What are the principal products manufactured by these companies in the industry?
  • What are the gross margins and price trends of each firm in the market?

Questions answered in the report with respect to the regional expanse of the Residential Energy Management market:

  • Which among the regions of North America, Europe, Asia-Pacific, South America & Middle East and Africa is likely to accrue the maximum market share?
  • What are the sales and revenue statistics of each of the geographies in question?
  • How much is the present valuation of each region and what will the forecast revenue of each place be pegged at
  • What is the projected growth rate touted to be recorded by each of the geographies in Residential Energy Management market?

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Questions answered in the report with respect to the market segmentation and more:

  • Which among the types of Energy Management Platform (EMP), Energy Analytics and Customer Engagement Platform (CEP is slated to amass the maximum returns in the Residential Energy Management market?
  • What is the market share of each type in the industry?
  • What is the revenue and sales estimate of each of the product types in question by the end of the anticipated timeframe?
  • Which application among Smart Appliances, Smart Meters, Smart Thermostat and In-House Displays is touted to be the most lucrative segment in the + market?
  • How much is the market share of every application segment in this business vertical?
  • How much is the revenue that each application is likely to procure by the end of the projected period?

The Residential Energy Management market study, in a nutshell, is comprised of an extensive analysis of this industry vertical that focuses on the regional terrain of this market and a slew of other deliverables such as insights with respect to market share, revenue projection, sales volume, market concentration rate as well as the market competition trends. Further, the report incorporates information regarding the sales channels adopted by myriad vendors in a bid to ensure the most convenient manner of product marketing. Details with regards to the contribution of traders & distributors in the supply chain are elucidated in the study as well.

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About Author

Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.


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