Smart Home Energy Management Device Market 2020 Global Analysis by Size, Trends, Growth, Covid-19 Business Impact, Company Profile, Sales Revenue and Forecast 2023

Market Research Future published a research report on “Smart Home Energy Management Device Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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.

An 18 % CAGR is expected to bolster the earning of the market to USD 3 billion in the forecast period. The need to manage energy consumption in households has become increasingly important due to the effects of climate change; this, in turn, is expected to modify the Smart Home Energy Management Device Market share in the coming years.

Key Players:

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

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Segmentation:

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.

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.

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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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