Published Date: 24-Jan-2022
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According to a new report Global Home Energy Management Market, published by KBV research, The Global Home Energy Management Market size is expected to reach $7,157.36 million by 2027, rising at a market growth of 19.70% CAGR during the forecast period.
The Lighting Controls market dominated the Global Home Energy Management Market by Product Type in 2020, thereby, growing at a CAGR of 20% during the forecast period. This solution, when in operation, works as a source of transmission of communication between a variety of system inputs and outputs associated with lighting control by using a single or multiple central computing devices.
The Ethernet market dominated the Global Home Energy Management Market by Technology in 2020, thereby, growing at a CAGR of 19.9% during the forecast period. It helps in streamlining the way to manage and maintain operations by enabling smart grid switchboards for internet connection and enhancing efficiency with customer satisfaction. This would further accelerate the growth of the segment over the forecast period.
The Hardware market dominated the Global Home Energy Management Market by Offering in 2020, thereby growing at a CAGR of 19.5% during the forecast period. It has the ability to be connected to other smart devices existing in the home premises and it can be operated through any supported wireless device virtually. Hardware devices allow the software to display the real-time status of the electronic appliances installed in the home of the consumer.
The North America market dominated the Global Home Energy Management Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,797.8 million by 2027. The Europe market is estimated to witness a CAGR of 18.8% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 21.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/home-energy-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Schneider Electric SE, General Electric (GE) Co., Intel Corporation, Honeywell International, Inc., Panasonic Corporation, Google LLC, Comcast Corporation, Vivint Smart Home, Inc., Alarm.com Holdings, Inc., and Generac Holdings, Inc.
By Product Type
Unique Offerings from KBV Research
North America Home Energy Management Market, Future Scope & Opportunities 2021-2027
Europe Home Energy Management Market, Size & Growth Forecast 2021-2027
Asia Pacific Home Energy Management Market, Size, Share & Industry Outlook to 2027
LAMEA Home Energy Management Market, Growth, Trends and Forecasts 2021-2027