The North America Home Energy Management Market would witness market growth of 19.23% CAGR during the forecast period (2021-2027).
Home energy management refers to an efficient advanced technology that includes both software and hardware solution that provides the customers a detail of their power consumption. The constant monitoring feature of home energy management allows the customers to eliminate the cost that occurs due to the unnecessary consumption of energy in their homes, offices, or any other building in which the system is installed.
This intelligent energy management solution has the ability to receive DR signals from the utility and prepare signal-based time-table. In modern era, the smart home technology enables the users to manually control the amount of energy being consumed by them on monthly basis and allows them to automate the process of energy management for higher comfort.
With the rising adoption of various automated customer service products, North America is one of the most advanced regions across the world.
The US and Canada are large countries with a cold climate, the people residing in the countries need a lot of energy for heating their homes as well as water. According to the office of energy efficiency and renewable energy, the residential sector was responsible for around 21% of total U.S. energy consumption in 2020. Such figures indicate the need to better manage, and monitor energy in the residential sector. If the available HEMS solutions can monitor and reduce electricity usage while also monitoring the environmental consequences of energy savings, these solutions can become widely attractive among the regional population who are conscious about the environment. Hence, these factors are anticipated to boost the growth of home energy management solutions during the forecasting period.
The USA market dominated the North America Home Energy Management Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,884.6 million by 2027. The Canada market is poised to grow at a CAGR of 19.6% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 21.9% during (2021 - 2027).
Based on Product Type, the market is segmented into Lighting Controls, Programmable Communicating Thermostats, Advanced Central Controllers, Intelligent HVAC Controllers, and Self-Monitoring Systems and Services. Based on Technology, the market is segmented into Ethernet, Z-Wave, ZigBee, Wi-Fi, and Other technologies. Based on Offering, the market is segmented into Software, Services, and Hardware. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Home Energy Management Market is Estimated to Reach USD 7,157.36 million by 2027 at a CAGR of 19.70%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, General Electric (GE) Co., Intel Corporation, Honeywell International, Inc., Panasonic Corporation, Google LLC, Comcast Corporation, Vivint Smart Home, Inc., Alarm.com Holdings, Inc., and Generac Holdings, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Lighting Controls
- Programmable Communicating Thermostats
- Advanced Central Controllers
- Intelligent HVAC Controllers
- Self-Monitoring Systems and Services
By Technology
- Ethernet
- Z-Wave
- ZigBee
- Wi-Fi
- Other technologies
By Offering
- Software
- Services
- Hardware
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Schneider Electric SE
- General Electric (GE) Co.
- Intel Corporation
- Honeywell International, Inc.
- Panasonic Corporation
- Google LLC
- Comcast Corporation
- Vivint Smart Home, Inc.
- Alarm.com Holdings, Inc.
- Generac Holdings, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Home Energy Management Market, by Product Type
1.4.2 North America Home Energy Management Market, by Technology
1.4.3 North America Home Energy Management Market, by Offering
1.4.4 North America Home Energy Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jan – 2021, Jul) Leading Players
Chapter 4. North America Home Energy Management Market by Product Type
4.1 North America Lighting Controls Market by Country
4.2 North America Programmable Communicating Thermostats Market by Country
4.3 North America Advanced Central Controllers Market by Country
4.4 North America Intelligent HVAC Controllers Market by Country
4.5 North America Self-Monitoring Systems and Services Market by Country
Chapter 5. North America Home Energy Management Market by Technology
5.1 North America Ethernet Market by Country
5.2 North America Z-Wave Market by Country
5.3 North America ZigBee Market by Country
5.4 North America Wi-Fi Market by Country
5.5 North America Other Technologies Market by Country
Chapter 6. North America Home Energy Management Market by Offering
6.1 North America Software Market by Country
6.2 North America Services Market by Country
6.3 North America Hardware Market by Country
Chapter 7. North America Home Energy Management Market by Country
7.1 USA Home Energy Management Market
7.1.1 USA Home Energy Management Market by Product Type
7.1.2 USA Home Energy Management Market by Technology
7.1.3 USA Home Energy Management Market by Offering
7.2 Canada Home Energy Management Market
7.2.1 Canada Home Energy Management Market by Product Type
7.2.2 Canada Home Energy Management Market by Technology
7.2.3 Canada Home Energy Management Market by Offering
7.3 Mexico Home Energy Management Market
7.3.1 Mexico Home Energy Management Market by Product Type
7.3.2 Mexico Home Energy Management Market by Technology
7.3.3 Mexico Home Energy Management Market by Offering
7.4 Rest of North America Home Energy Management Market
7.4.1 Rest of North America Home Energy Management Market by Product Type
7.4.2 Rest of North America Home Energy Management Market by Technology
7.4.3 Rest of North America Home Energy Management Market by Offering
Chapter 8. Company Profiles
8.1 Schneider Electric SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental And Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 General Electric (GE) Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Intel Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Honeywell International, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Partnerships, Collaboration, and Agreements:
8.4.6 SWOT Analysis
8.5 Panasonic Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Google LLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Comcast Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product launches and Product Expansions:
8.8 Vivint Smart Home, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.9 Alarm.com Holdings, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansion:
8.10. Generac Holdings, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisitions and Mergers:
8.10.5.3 Product Launches and Product Expansions:
TABLE 1 North America Home Energy Management Market, 2017 - 2020, USD Million
TABLE 2 North America Home Energy Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Home Energy Management Market
TABLE 4 Product Launches And Product Expansions– Home Energy Management Market
TABLE 5 Acquisition and Mergers– Home Energy Management Market
TABLE 6 North America Home Energy Management Market by Product Type, 2017 - 2020, USD Million
TABLE 7 North America Home Energy Management Market by Product Type, 2021 - 2027, USD Million
TABLE 8 North America Lighting Controls Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Lighting Controls Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Programmable Communicating Thermostats Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Programmable Communicating Thermostats Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Advanced Central Controllers Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Advanced Central Controllers Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Intelligent HVAC Controllers Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Intelligent HVAC Controllers Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Self-Monitoring Systems and Services Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Self-Monitoring Systems and Services Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Home Energy Management Market by Technology, 2017 - 2020, USD Million
TABLE 19 North America Home Energy Management Market by Technology, 2021 - 2027, USD Million
TABLE 20 North America Ethernet Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Ethernet Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Z-Wave Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Z-Wave Market by Country, 2021 - 2027, USD Million
TABLE 24 North America ZigBee Market by Country, 2017 - 2020, USD Million
TABLE 25 North America ZigBee Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Wi-Fi Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Wi-Fi Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Other Technologies Market by Country, 2017 - 2020, USD Million
TABLE 29 North America Other Technologies Market by Country, 2021 - 2027, USD Million
TABLE 30 North America Home Energy Management Market by Offering, 2017 - 2020, USD Million
TABLE 31 North America Home Energy Management Market by Offering, 2021 - 2027, USD Million
TABLE 32 North America Software Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Software Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Services Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Services Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Hardware Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Hardware Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Home Energy Management Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Home Energy Management Market by Country, 2021 - 2027, USD Million
TABLE 40 USA Home Energy Management Market, 2017 - 2020, USD Million
TABLE 41 USA Home Energy Management Market, 2021 - 2027, USD Million
TABLE 42 USA Home Energy Management Market by Product Type, 2017 - 2020, USD Million
TABLE 43 USA Home Energy Management Market by Product Type, 2021 - 2027, USD Million
TABLE 44 USA Home Energy Management Market by Technology, 2017 - 2020, USD Million
TABLE 45 USA Home Energy Management Market by Technology, 2021 - 2027, USD Million
TABLE 46 USA Home Energy Management Market by Offering, 2017 - 2020, USD Million
TABLE 47 USA Home Energy Management Market by Offering, 2021 - 2027, USD Million
TABLE 48 Canada Home Energy Management Market, 2017 - 2020, USD Million
TABLE 49 Canada Home Energy Management Market, 2021 - 2027, USD Million
TABLE 50 Canada Home Energy Management Market by Product Type, 2017 - 2020, USD Million
TABLE 51 Canada Home Energy Management Market by Product Type, 2021 - 2027, USD Million
TABLE 52 Canada Home Energy Management Market by Technology, 2017 - 2020, USD Million
TABLE 53 Canada Home Energy Management Market by Technology, 2021 - 2027, USD Million
TABLE 54 Canada Home Energy Management Market by Offering, 2017 - 2020, USD Million
TABLE 55 Canada Home Energy Management Market by Offering, 2021 - 2027, USD Million
TABLE 56 Mexico Home Energy Management Market, 2017 - 2020, USD Million
TABLE 57 Mexico Home Energy Management Market, 2021 - 2027, USD Million
TABLE 58 Mexico Home Energy Management Market by Product Type, 2017 - 2020, USD Million
TABLE 59 Mexico Home Energy Management Market by Product Type, 2021 - 2027, USD Million
TABLE 60 Mexico Home Energy Management Market by Technology, 2017 - 2020, USD Million
TABLE 61 Mexico Home Energy Management Market by Technology, 2021 - 2027, USD Million
TABLE 62 Mexico Home Energy Management Market by Offering, 2017 - 2020, USD Million
TABLE 63 Mexico Home Energy Management Market by Offering, 2021 - 2027, USD Million
TABLE 64 Rest of North America Home Energy Management Market, 2017 - 2020, USD Million
TABLE 65 Rest of North America Home Energy Management Market, 2021 - 2027, USD Million
TABLE 66 Rest of North America Home Energy Management Market by Product Type, 2017 - 2020, USD Million
TABLE 67 Rest of North America Home Energy Management Market by Product Type, 2021 - 2027, USD Million
TABLE 68 Rest of North America Home Energy Management Market by Technology, 2017 - 2020, USD Million
TABLE 69 Rest of North America Home Energy Management Market by Technology, 2021 - 2027, USD Million
TABLE 70 Rest of North America Home Energy Management Market by Offering, 2017 - 2020, USD Million
TABLE 71 Rest of North America Home Energy Management Market by Offering, 2021 - 2027, USD Million
TABLE 72 Key information – Schneider Electric SE
TABLE 73 Key Information – General Electric (GE) Co.
TABLE 74 Key Information – Intel Corporation
TABLE 75 Key information – Honeywell International, Inc.
TABLE 76 Key Information – Panasonic Corporation
TABLE 77 Key Information – Google LLC
TABLE 78 key information – Comcast Corporation
TABLE 79 Key information –Vivint Smart Home, Inc.
TABLE 80 Key Information – Alarm.com Holdings, inc.
TABLE 81 Key Information – Generac Holdings, INC.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jan – 2021, Jul) Leading Players
FIG 5 Recent strategies and developments: Schneider Electric SE
FIG 6 Swot analysis: Schneider Electric SE
FIG 7 Swot analysis: General electric (GE) Co.
FIG 8 SWOT analysis: Intel corporation
FIG 9 Swot analysis: Honeywell international, inc.
FIG 10 SWOT Analysis: Panasonic Corporation
FIG 11 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 12 Recent strategies and developments: Comcast Corporation
FIG 13 Recent strategies and developments: Alarm.com Holdings, Inc.
FIG 14 Recent strategies and developments: Generac Holdings, Inc.