Friday 29 April 2022

Smart Home Energy Management Device Market Share, Research Report - Global Forecast to 2030

 Smart Home Energy Management Device Market - Overview

The management of energy remains an important debate with consumption skyrocketing; thus, the Smart Home Energy Management Device Market 2020 is expected to develop beneficially in the coming years. The semiconductor and electronics industry reports are produced by Market Research Future, which highlights market options for expansion.

The global COVID-19 pandemic seems to have an impact on several markets including the Smart Energy Monitoring Systems Market. The influence of the COVID-19 epidemic on the smart home market has been both favorable and unfavorable. Since the majority of the population was following works from home norms, there was surging demand for smart home products such as smart speakers and home healthcare during the COVID-19 epidemic. As the smart speakers’ production is simpler and different from other smart products like smart furniture, smart kitchens, and HVAC controls, its production capacity has not been pointedly obstructed.

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Segmental Analysis

The segmental examination of the smart home energy management device market is segmented by components, regions, and communication technology.

On the basis of communication technology, the smart home energy management device market is segmented into Z-Wave, ZigBee, Wi-Fi, home plug, among others. The components based segmentation of the smart home energy management device market is segmented into hardware, services, and software. The hardware segment is additionally sub-segmented into power management devices, sensors, display units, smart controllers, smart meter, and others. The service sub-segment in the market is divided into managed and professional service.

Based on the regions, the smart home energy management device market includes regions such as North America, Asia Pacific, Europe, and other regions.

Detailed Regional Analysis

The evaluation of the regions in the smart home energy management device market includes North America, Asia Pacific, Europe, and other regions.

The study makes the observation that the North American region is responsible for the larger share of the global market. The incidence of major players in the region who are creating well-organized, expedient, and cost-effective HEM products and solutions are expected to aid in the dominance of the North American region in this market. The Asia Pacific region is projected to demonstrate the top growth prospects in the smart home energy management device market due to the escalating purchasing power of the public, development of the economies in the region.

Competitive Analysis

The top-most players in the smart home energy management device market are C3 Energy (U.S.), Energate Inc. (Canada), Trilliant (U.S.), Honeywell (U.S.), Nest Labs (U.S.), Aclara (U.S.), Logitech (U.S.), Icontrol Networks (U.S.), Energyhub, Inc. (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), Alarm.com (U.S.), Ecofactor (U.S.), Trilliant (U.S.), Comcast Cable (U.S.), Ecobee (Canada) among others.

Industry Updates:

Mar 2020 Evervolt energy storage system has been launched by Panasonic, which is unique as it is offered in an AC and DC design that optimizes the energy flow involving the battery, the solar system, and the home. When set up in a novel home, the DC version of Evervolt allows rooftop solar generation to gush straight into the batteries with no extra losses that come with converting the power to AC first, then reverse to DC again for storage.

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