The residential energy management (REM) industry will relinquish an approximated estimate at a frequency of 32.9% for the projection space of 2021 to 2028 with factors such as increasing demand for energy and cost saving technologies and rising adoption of smart meters which helps to boost the residential energy management (REM) market demand.
The residential energy management (REM) market has shown an exceptional penetration in the U.S., Canada and Mexico due to consumer awareness towards efficient energy management, increasing need to improvise utility sector efficiency and advanced metering infrastructure (AMI) rollout. Moreover, smart homes propelling both private and government to invest and government initiatives for energy lighting are creating opportunity for the North America residential energy management (REM) market.
Residential Energy Management (REM) Market Scenario
According to Data Bridge Market Research, the market for residential energy management (REM) in the U.S. has the highest market share. Market leader is Elster Solutions (a subsidiary of Honeywell International Inc.) which accounts an estimated market share of approximately 12% to 18% in the North America. The company has gained outstanding sale through their user interface products such as smart meter, smart thermostats among others.
- In January 2020, ABB has launched a smart machine rotation sensor for monitoring powertrain equipment in hazardous areas. These smart sensors enable customers to see issues earlier and offer more ATEX, IECEx and NEC-certified monitoring capabilities, communication range and exceptional battery life. This has helped the business to improve its product portfolio and the market's customer base.
Trends Impacting the Residential Energy Management (REM) Market
Now the question is which other countries Elster Solutions (a subsidiary of Honeywell International Inc.), COMCAST and SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY) are targeting? Data Bridge Market Research has forecasted a large growth in the U.S. in North America residential energy management (REM) market and the market leaders targeting Canada and Mexico to be their next revenue pockets for 2021.
The residential energy management (REM) market is becoming more competitive every year with companies such as Elster Solutions (a subsidiary of Honeywell International Inc.), COMCAST and SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY) as they are the market leaders for residential energy management (REM). The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the residential energy management (REM) market.
For more analysis on the North America residential energy management (REM) market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=north-america-residential-energy-management-market
North America Residential Energy Management (REM) Market Development
- In August 2020, Aclara Technologies LLC introduced polyphase SMETS2 smart meter which provides heavy loads of electricity in residential sites for the U.K. The company is going to enhance its business portfolio through the launch of the service which is going to generate more income for it.
Scope of the North America Residential Energy Management (REM) Market
North America residential energy management (REM) market is segmented on the basis of countries into the U.S., Canada and Mexico.
All country based analysis of North America residential energy management (REM) market is further analyzed based on further segmentation. On the basis of platform, the residential energy management (REM) market is segmented into energy management platform (EMP), energy analytics and customer engagement platform (CEP). On the basis of user interface application, the residential energy management (REM) market is segmented into smart meters, smart thermostats, in-house displays (IHD) and smart appliances. On the basis of component, the residential energy management (REM) market is segmented into hardware and software. On the basis of communication technology, the residential energy management (REM) market is segmented into zigbee, Z-wave, Wi-fi, homeplug, wireless M-bus and thread. On the basis of end user, the residential energy management (REM) market is segmented into independent homes and apartment.
To know more about the study https://www.databridgemarketresearch.com/reports/north-america-residential-energy-management-market
Key Pointers Covered in North America Residential Energy Management (REM) Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Recent Developments for Market Competitors
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Lutron Electronics Co., Inc.
- SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY)
- Schneider Electric
- Elster Solutions (a subsidiary of Honeywell International Inc.)
- ABB
- Siemens
- Aclara Technologies LLC
- ecobee
- Uplight, Inc.
- e-peas
- Cisco
- LG Electronics
- Itron Inc.
- SAMSUNG SDI CO.,LTD. (a subsidiary of SAMSUNG ELECTRONICS CO., LTD.)
- EcoFactor
- GridPoint
- Landis+Gyr
- Panasonic Corporation
- COMCAST
Above are the key players covered in the report, to know about more and exhaustive list of North America residential energy management (REM) companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-residential-energy-management-market
Research Methodology: North America Residential Energy Management (REM) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Developers, Electronic Engineers, Industrial Professionals and Electrical Engineers
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, System Installation, Market Intelligence and Regulatory Affairs Managers among others.
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