Market Overview:
The global smart home energy management device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into Z-Wave, ZigBee, Wi-Fi, and others. On the basis of application, the market is segmented into sensors, power management devices (smart plugs), smart meters (electricity/water), display units (smart thermostats), smart controllers (HVAC systems), and others. The North America region dominates this market followed by Europe and Asia Pacific regions respectively.
Product Definition:
A Smart Home Energy Management Device is a device that helps manage home energy usage. This can be done through monitoring and controlling appliances, thermostats, and other devices in the home. The importance of a Smart Home Energy Management Device is that it can help save money on energy costs by helping to optimize energy usage.
Z-Wave:
Z-Wave is a wireless home energy management system. It enables consumers to monitor and control electrical appliances using smartphones, computers or tablets. Z-Wave works on the 2.4 GHz frequency band and it can cover up to 4,000 square feet of space; whereas Bluetooth operates at 2.1 GHz frequency covering up to 3,500 square feet of space.
The major difference between Z-Wave.
ZigBee:
ZigBee is a wireless protocol for communication. It uses very low power (10 mW) and is based on the 2.4 GHz band, which makes it suitable to be used in small devices such as motion detectors, door locks, security cameras etc. The growing demand for smart home automation may drive market growth over the forecast period.
The major application areas of ZigBee include consumer electronics.
Application Insights:
The sensors segment dominated the global smart home energy management device market in 2017 and is expected to continue its dominance over the forecast period. The growing need for advanced security systems at homes, coupled with a rising number of burglaries, thefts and other crimes in various countries around the world has led to an increased demand for energy monitoring systems that use sensor technologies. Furthermore, increasing penetration of smart meters across households globally is expected to drive growth over the forecast period.
Smart meter-based applications are gaining traction as they offer several advantages such as real-time usage information; improved billing and payment options; remote monitoring; protection against power outages by enabling users to monitor power flow from remote locations using smartphones or computers; etc. These advantages are estimated to drive significant demand for zigBee based products while Wi-Fi may be suitable for some applications due to limited range of connectivity offered by ZigBee devices.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to early adoption of technologies and increased penetration of smart devices. Europe accounted for a significant share in the global market in 2017 due to high demand for energy-efficient products and growing awareness about home automation among consumers. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 on account of increasing investments by companies, such as Samsung Electronics Co., Ltd., Google Inc., and China Telecom Corporation Limited (CTC), in developing smart home solutions across countries such as India, Japan, Singapore, Australia etc. Moreover, rising disposable income levels are anticipated to fuel growth over this period.
Growth Factors:
- Increasing demand for energy-efficient devices and appliances
- Rising awareness about the benefits of smart home energy management devices
- Proliferation of internet of things (IoT) and big data analytics
- Growing demand for home automation and smart homes
- Development of innovative features and applications for smart home energy management devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Energy Management Device Market Research Report
By Type
Z-Wave, ZigBee, Wi-Fi, Others
By Application
Sensors, Power Management Devices, Smart Meter, Display Units, Smart Controllers, Others
By Companies
Aclara, Alarm.Com, C3 Energy, Comcast Cable, Ecobee, Ecofactor, Energate Inc., General Electric Company, Honeywell, I Control Networks, Logitech, Nest Labs, Panasonic Corporation, Trilliant
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Energy Management Device Market Report Segments:
The global Smart Home Energy Management Device market is segmented on the basis of:
Types
Z-Wave, ZigBee, Wi-Fi, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sensors, Power Management Devices, Smart Meter, Display Units, Smart Controllers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aclara
- Alarm.Com
- C3 Energy
- Comcast Cable
- Ecobee
- Ecofactor
- Energate Inc.
- General Electric Company
- Honeywell
- I Control Networks
- Logitech
- Nest Labs
- Panasonic Corporation
- Trilliant
Highlights of The Smart Home Energy Management Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Z-Wave
- ZigBee
- Wi-Fi
- Others
- By Application:
- Sensors
- Power Management Devices
- Smart Meter
- Display Units
- Smart Controllers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Home Energy Management Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A smart home energy management device (also known as a smart thermostat or a home automation system) is an electronic device that can be used to control the temperature in a residential or commercial building.
Some of the key players operating in the smart home energy management device market are Aclara, Alarm.Com, C3 Energy, Comcast Cable, Ecobee, Ecofactor, Energate Inc., General Electric Company, Honeywell, I Control Networks, Logitech, Nest Labs, Panasonic Corporation, Trilliant.
The smart home energy management device market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Home Energy Management Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Home Energy Management Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Home Energy Management Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Home Energy Management Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Home Energy Management Device Market Size & Forecast, 2018-2028
4.5.1 Smart Home Energy Management Device Market Size and Y-o-Y Growth
4.5.2 Smart Home Energy Management Device Market Absolute $ Opportunity
Chapter 5 Global Smart Home Energy Management Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Home Energy Management Device Market Size Forecast by Type
5.2.1 Z-Wave
5.2.2 ZigBee
5.2.3 Wi-Fi
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Home Energy Management Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Home Energy Management Device Market Size Forecast by Applications
6.2.1 Sensors
6.2.2 Power Management Devices
6.2.3 Smart Meter
6.2.4 Display Units
6.2.5 Smart Controllers
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Home Energy Management Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Home Energy Management Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Home Energy Management Device Analysis and Forecast
9.1 Introduction
9.2 North America Smart Home Energy Management Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Home Energy Management Device Market Size Forecast by Type
9.6.1 Z-Wave
9.6.2 ZigBee
9.6.3 Wi-Fi
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Home Energy Management Device Market Size Forecast by Applications
9.10.1 Sensors
9.10.2 Power Management Devices
9.10.3 Smart Meter
9.10.4 Display Units
9.10.5 Smart Controllers
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Home Energy Management Device Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Home Energy Management Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Home Energy Management Device Market Size Forecast by Type
10.6.1 Z-Wave
10.6.2 ZigBee
10.6.3 Wi-Fi
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Home Energy Management Device Market Size Forecast by Applications
10.10.1 Sensors
10.10.2 Power Management Devices
10.10.3 Smart Meter
10.10.4 Display Units
10.10.5 Smart Controllers
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Home Energy Management Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Home Energy Management Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Home Energy Management Device Market Size Forecast by Type
11.6.1 Z-Wave
11.6.2 ZigBee
11.6.3 Wi-Fi
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Home Energy Management Device Market Size Forecast by Applications
11.10.1 Sensors
11.10.2 Power Management Devices
11.10.3 Smart Meter
11.10.4 Display Units
11.10.5 Smart Controllers
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Home Energy Management Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Home Energy Management Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Home Energy Management Device Market Size Forecast by Type
12.6.1 Z-Wave
12.6.2 ZigBee
12.6.3 Wi-Fi
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Home Energy Management Device Market Size Forecast by Applications
12.10.1 Sensors
12.10.2 Power Management Devices
12.10.3 Smart Meter
12.10.4 Display Units
12.10.5 Smart Controllers
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Home Energy Management Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Home Energy Management Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Home Energy Management Device Market Size Forecast by Type
13.6.1 Z-Wave
13.6.2 ZigBee
13.6.3 Wi-Fi
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Home Energy Management Device Market Size Forecast by Applications
13.10.1 Sensors
13.10.2 Power Management Devices
13.10.3 Smart Meter
13.10.4 Display Units
13.10.5 Smart Controllers
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Home Energy Management Device Market: Competitive Dashboard
14.2 Global Smart Home Energy Management Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aclara
14.3.2 Alarm.Com
14.3.3 C3 Energy
14.3.4 Comcast Cable
14.3.5 Ecobee
14.3.6 Ecofactor
14.3.7 Energate Inc.
14.3.8 General Electric Company
14.3.9 Honeywell
14.3.10 I Control Networks
14.3.11 Logitech
14.3.12 Nest Labs
14.3.13 Panasonic Corporation
14.3.14 Trilliant
