Global Home Energy Monitor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Home Energy Monitor market:
The latest research study on the global Home Energy Monitor market finds that the global Home Energy Monitor market reached a value of USD 219.49 million in 2022. It’s expected that the market will achieve USD 354.68 million by 2028, exhibiting a CAGR of 8.33% during the forecast period.

A Home Energy Monitor is a device that continuously monitors the energy consumption of home residents to help them adapt their energy usage behavior based on the feedback they receive from the system. Energy monitors come with a variety of features, from recognizing the energy usage of individual appliances to generating personalized recommendations for energy efficiency.

Market Challenges
The R & D and production of home energy monitor products involve microelectronics technology, communication technology, automatic control technology, new material technology and other fields of technology and electronic assembly, measurement and testing and other advanced production and testing processes, which are technology-intensive and knowledge-intensive. With the continuous improvement of market requirements for metering accuracy, function, technical advancement, operation stability, reliability and long life of home energy monitors, the manufacturing technology requirements of home energy monitors also continue to improve.
Home energy monitors are different from ordinary consumer goods or ordinary industrial products. Their product quality and performance directly determine customers' satisfaction with home energy monitors. Brand effect is an important factor to enter customers' bidding and decide the bidding result. Brand effect is the production of enterprise's management level, technical level, quality level, product operation records, the after-sales service levels, and other elements, is the enterprise in the industry for many years of accumulation, the new into the enterprise even if obtained the manufacturing license and other quality certification, it is hard to in the intangible brand effect in the certification requirements of the customer's approval.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Schneider Electric is one of the major players operating in the Home Energy Monitor market, holding a share of 16.45% in 2022.

Schneider Electric is a French multinational company providing energy and automation digital solutions for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software and services.

Sense specializes in developing and distributing tracking devices and home automation solutions for its customers. Sense, its home monitoring system, is able to listen to the electronic signatures of electrical devices through its current sensors on the main breakers in electrical panels and records them. Followed by the recording process, itapplies multi-domain device signature detection algorithms to distinguish one appliance from another to recognize each individual voice. Furthermore, the system transmits its data to its users through a specially designed mobile application.

Segmentation Overview:
Among different product types, Non Solar Ready segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Online Sales segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Home Energy Monitor market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Home Energy Monitor market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Home Energy Monitor and its sub-markets in an intuitive way.

Key Companies in the global Home Energy Monitor market covered in Chapter 3:
Current Cost
Smappee
Efergy
Emporia Energy
Blue Line Innovations
Rainforest Automation
Sense
Schneider Electric
Elevation
OWL Intuition Ltd
Eyedro
Aeotec

In Chapter 4 and Chapter 14.2, on the basis of types, the Home Energy Monitor market from 2018 to 2029 is primarily split into:
Solar Ready
Non Solar Ready

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Home Energy Monitor market from 2018 to 2029 covers:
Offline Sales
Online Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Home Energy Monitor market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029