Home Energy Management Market Key Companies Profile and SWOT Analysis by 2031

MARKET INTRODUCTION 

Home users can monitor and lower the energy usage of the numerous electrical equipment they have placed in their houses with the help of an efficient hardware and software solution called ""home energy management."" Five distinct products that help with managing and lowering energy consumption are included in home energy management. Self-monitoring devices, lighting controls, programmable talking thermostats, sophisticated central controllers, and intelligent HVAC controllers are some of these goods.

MARKET DYNAMICS

Energy conservation methodologies and various techniques have undergone a revolutionary change pertaining to various areas of power consumption domains, such as electricity usage patterns and energy conservation at consumption premises, with the rapid advancements in technologies, such as smart grid, bidirectional communication medium, network communication, information infrastructures, and energy conservation methodologies and diverse techniques. A modern home with a home energy management system makes a substantial contribution to efficiency improvement, reducing energy consumption, reliability, and energy conservation for distributed systems under a strong smart grid paradigm.

MARKET SCOPE    

The "Global Home Energy Management Market Analysis to 2031" is a specialized and in-depth study of the home energy management market with a special focus on the global market trend analysis. The report aims to provide an overview of the home energy management market with detailed market segmentation by offering, product type, technology, and geography. The global home energy management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading home energy management market players and offers key trends and opportunities in the home energy management market. 

MARKET SEGMENTATION

The global home energy management market is segmented based on offering, product type and technology. Based on offering, home energy management market is segmented into hardware, software, and services. Based on product type, home energy management market is segmented into lighting controls, self-monitoring systems and services, programmable communicating thermostats, advanced central controllers and intelligent hvac controllers. Based on technology, home energy management market is segmented into z-wave, zigbee, wi-fi, ethernet and others. 

IMPACT OF COVID-19 ON HOME ENERGY MANAGEMENT MARKET

The COVID-19 pandemic has had a substantial effect on the world's economies, including travel and worker limitations, supply chain and production interruptions, and decreased demand and spending in a variety of industries. The market expansion for home energy management is anticipated to be hampered by a sudden fall in infrastructure development and installation projects. This year, the construction market is anticipated to experience a sudden collapse as a result of the ongoing COVID-19 issues. But a gradual recovery is projected to start the following year. Additionally, it is predicted that the building industry would experience numerous difficulties, which will cause the COVID-19 crisis and stagnation tendencies in many nations. Global supply chains have been severely impacted by shortages of electronics materials and parts. Delays in planned developments in several areas and reductions in capital expenditures have further impacted the global economy.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Home Energy Management Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Home Energy Management Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Home Energy Management Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the home energy management market in these regions.

MARKET PLAYERS

The reports cover key developments in the home energy management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from home energy management market are anticipated to lucrative growth opportunities in the future with the rising demand for home energy management market. Below mentioned is the list of few companies engaged in the home energy management market. 
The report also includes the profiles of key home energy management market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• GENERAL ELECTRIC COMPANY
• Honeywell International Inc.
• Alphabet, Inc. (Google, Inc.)
• Vivint Inc.
• Comcast Cable Communications, LLC (Xfinity)
• EcoFactor, Inc.
• Energyhub, Inc.
• Ecobee, Inc.
• Panasonic Corporation
• SCHNEIDER ELECTRIC SE

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study."

Home Energy Management Report Scope