DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rhshb6/residential) has announced the addition of the "Residential Energy Management Market by Platform, by User Interface Application, by Communication Technology, and by Region - Global forecast to 2019" report to their offering.
In recent years, a number of countries have made substantial investments in energy management technology and the global market is expected to continue to grow throughout the decade. According to the industry analysis, the global market for EMS is estimated to reach $38.44 billion by 2018. A majority of this growth is expected to take place in the NA and European region, while the residential sector is likely to be the fastest growing market in these regions. Stringent government policies and fiscal incentives are the primary drivers of demand for REM in a multitude of markets. Eventually, the market tends to attract manufacturers that are seeking to expand their global presence. The governments have been playing a vital role in the advancement of the Residential energy management market.
Government initiatives such as smart meter rollouts, standardization of energy management policies, and incentives grab the interest of the residential consumer to adopt EMS. In 2008, the U.K. mandated that 53 million smart electric and gas meters be deployed in residential and commercial sectors by the end of 2019. Similarly, Europe will be completing its smart meters rollout initiative by 2020; which will cover almost 80% of the consumers. Also, China strategically placed the smart gird technology initiative in its 12th Five-Year Plan (2011-2015) and announced to deploy 300 million smart meters by 2015. Such initiatives by the regional government create substantial new markets for both domestic and foreign investments in the region. The intent was to introduce the smart metering technology which would benefit both the residential consumers and the utilities and then integrate the technology with the REM system to achieve the best result. However, the utilities tend to have limited budgets for capital expenditures that restrain the growth of the market.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Residential Energy Management Market Analysis, By Platform
- Residential Energy Management Market Analysis, By User Interface Application
- Residential Energy Management Market Analysis, By Communication Technology
- Residential Energy Management Market Analysis, By Hardware
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Aclara Technologies
- Elster Group
- General Electric Company
- Schneider Electric
- Silver Spring Networks
- Tendril Networks
For more information visit http://www.researchandmarkets.com/research/rhshb6/residential.