Asia-Pacific Residential Energy Management (REM) Market, By User Interface Application (Smart Meter, Smart Thermostats, In-House Displays (IHD), and Smart Appliances), Platform (Energy Management Platform (EMP), Energy Analytics, and Customer Engagement Platform (CEP)), Component (Hardware, and Software), Communication Technology (Zigbee, Z-Wave, Wi-Fi, Homeplug, Wireless M-Bus, and Thread), End-User (Independent Homes, and Apartment), Country (China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Asia-Pacific residential energy management (REM) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the highest CAGR of 35.8% in the forecast period of 2021 to 2028 and expected to reach Euro 10,310.88 million by 2028. The focus of consumer towards efficient energy management provides environmental friendly and reduced CO2 emission. Improving the utility sector efficiency is boosting the growth of the market.
A home energy management system is a hardware and software technology platform that enables the user to monitor the use and production of energy and to manually control and/or automate the use of energy within a household. In the production, transmission and distribution systems of power system networks, residential energy management (REM) has difficult applications. Demand management is important among the applications and real time pricing (RTP) is two ordinary demand side management (DSM) techniques designed by special energy suppliers with features of the energy management system. Residential energy management (REM) is an important current expansion for residential and industrial consumers.
- In November 2020, Schneider Electric has awarded among the top 50 diversity and inclusion leader by the Financial Times for the second year in a row that promotes all types of diversity in the workplace. The company is going to enhance its brand image which will generate more income to it.
The report encompasses an overview and examination of the major companies operating within the industry which are considered to be revenue drivers for the Asia-Pacific Residential Energy Management (REM) market. The report conveys thorough information regarding the market’s major competitors as well as currently emerging organizations that hold considerable shareholdings in the Asia-Pacific Residential Energy Management (REM) Industry on the basis of sales, revenue, demand, superior products manufacturers, and satisfactory services providers.
This residential energy management (REM) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The residential energy management (REM) market is analysed and market size information is provided by country, platform, user interface application, component, communication technology and end user as referenced above.
The countries covered in Asia-Pacific residential energy management (REM) market report are China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific.
China accounted for the largest market share as the major factors responsible for the growth of the residential energy management (REM) market is the high penetration for solar PV and electric heating appliances helps in the market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic Asia-Pacific brands, impact of sales channels are considered while providing forecast analysis of the country data.
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