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The Worldwide Residential Energy Management Industry is Projected to Reach $4.1 Billion by 2025DUBLIN, Feb. 19, 2021 /PRNewswire/ -- The "Residential Energy Management Market by Component (Hardware (RTU, Relays, LCS, DR devices, Control Devices, In-house Displays), Software(EMP, Energy Analytics, CEP); Communication Technology (Wired, Wireless); Application; Region - Global forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global residential energy management market is projected to reach USD 4.1 billion by 2025 from an estimated USD 2.2 billion in 2020, at a CAGR of 12.9% during the forecast period. The flexible load management, by application, is expected to be the fastest-growing market from 2020 to 2025. The residential energy management market has been segmented based on component into power monitoring & control, load shedding & management, and flexible load management. The flexible load management is projected to be the fastest market owing to the need for the reduction of stress on the electricity grid during peak periods and enabling building systems to act as distributed energy assets for the grid to achieve significant cost savings. North America is expected to hold the largest flexible load management market. The wired segment is projected to witness a larger market share than the wireless segment from 2020 to 2025. Based on communication technology, the residential energy management market has been segmented into wired and wireless. The wired segment accounted for a larger market share in 2019. Wired communication technology transmits large volumes of data, analyzes the data, and provides actionable information for grid operators. The growth of this wired communication technology segment is attributed to its increased security, lack of interference, and high speed. The most commonly used wired communication technology is fiber optic, which is expected to witness a high CAGR during the forecast period. North America is estimated to lead the residential energy management market during the forecast period. North America is estimated to be the largest market for residential energy management during the forecast period. For the market analysis, the region has been segmented into US, Canada, and Mexico. The demand for residential energy management in this region is driven by increasing investments in grid expansion projects to increase energy efficiency, grid reliability and increased power consumption residential sector. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4.4 Residential Energy Management Market, by Component 4.5 Residential Energy Management Market, by Communication Technology 5 Market Overview 5.1 Introduction 5.2 COVID-19 Health Assessment 5.3 Road to Recovery 5.4 COVID-19 Economic Assessment 5.5 Market Dynamics 5.5.1 Drivers 5.5.1.1 Rising Energy Consumption in Residential Sectors of Oced and Non-Oced Nations 5.5.1.2 Government Initiatives and Policies Toward Energy Efficiency in Residential Buildings 5.5.2 Restraints 5.5.2.1 High Initial Costs Related to Deploying Residential Energy Management Systems 5.5.2.2 Need for Ensuring Privacy and Security of Residential Consumer Data 5.5.3 Opportunities 5.5.3.1 Increasing Investments for Modernizing Aging Grid Infrastructures 5.5.3.2 Upcoming Smart City Projects in Developing Economies Enhance Growth in Residential Sector 5.5.4 Challenges 5.5.4.1 Interoperability of Residential Energy Management Systems 5.5.4.2 Impact of COVID-19 on Manufacture of Residential Energy Management Systems 5.6 Yc-Ycc Shift 5.6.1 Revenue Shift for Residential Energy Management 5.7 Market Map 5.8 Supply Chain Analysis 5.8.1 Original Device Manufacturers 5.8.2 Energy Platform Vendors 5.8.3 System Integrators 5.9 Porter's Five Forces Analysis 5.9.1 Threat of New Entrants 5.9.2 Threat of Substitutes 5.9.3 Bargaining Power of Suppliers 5.9.4 Bargaining Power of Buyers 5.9.5 Intensity of Rivalry 5.10 Technology Analysis 5.11 Residential Energy Management: Patent Analysis 5.11.1 Innovations & Patent Registrations 5.12 Tariff and Regulatory Landscape 5.13 Case Study Analysis 5.13.1 Residential Energy Management for Energy Market 5.13.1.1 Abb Upgrades Landmark Buildings in Zaragoza's Smart City Project with Energy Monitoring System 5.13.1.1.1 Problem Statement: February 2019 5.13.1.1.2 Solution Statement 6 Impact of COVID-19 on Residential Energy Management Market, Scenario Analysis, by Region 6.1 Introduction 6.1.1 Impact of COVID-19 on GDP 6.1.2 Optimistic Scenario 6.1.3 Realistic Scenario 6.1.4 Pessimistic Scenario 7 Residential Energy Management Market, by Component 7.1 Introduction 7.2 Hardware 7.2.1 Remote Terminal Units 7.2.1.1 Need for Voltage Regulation, Advanced Fault Detection, and Automating Power Restoration is Expected to Drive Market 7.2.2 Relays 7.2.2.1 Rising Awareness Regarding Potential Power Wastes and Optimization of Energy Consumption 7.2.3 Load Control Switches 7.2.3.1 Need for Managing Energy Usage at Times of Peak Demand is Leaky to Drive Market for Lcs 7.2.4 Demand Response Devices 7.2.4.1 Demand for Controlling High-Energy Appliances is Expected to Boost Market Growth 7.2.5 Control Devices 7.2.5.1 Reduced Long-Term Energy Costs Offered by Control Devices Are Driving Market 7.2.6 In-House Displays 7.2.6.1 Ease of Connectivity Offered by Smart Devices is Fueling Market Growth 7.3 Software 7.3.1 Energy Management Platform 7.3.1.1 Emp Handles Large Quantities of Energy Data and Analyzes It on Real-Time Basis 7.3.2 Energy Analytics 7.3.2.1 Energy Analytics Have Potential to Improve Grid Reliability by Monitoring Frequency and Duration of Power Outages 7.3.3 Customer Engagement Platform 7.3.3.1 Rising Customer Satisfaction and Loyalty while Increasing Customer Participation in Home Energy Efficiency Programs 8 Residential Energy Management Market, by Communication Technology 8.1 Introduction 8.2 Wired Communication Technology 8.2.1 Fiber Optic 8.2.1.1 Increasing Investments for Data Transfer in Utilities Drive Growth of this Segment 8.2.2 Ethernet 8.2.2.1 High Level of Security and Reliability Offered Are Driving Market for this Segment 8.2.3 Powerline Carrier 8.2.3.1 High Insulation Level of High-Voltage Power Lines for Transmission of Data 8.2.4 Ip 8.2.4.1 Cost-Effectiveness and Security for Data Transfer in Utilities 8.3 Wireless Communication Technology 8.3.1 Radio Frequency Mesh 8.3.1.1 Ability to Manage Huge Amounts of Traffic from Multiple Devices 8.3.2 Cellular Network 8.3.2.1 Increasing Investments in Introduction of 5G Technology 8.3.3 Wimax 8.3.3.1 Ability to Support High-Speed Data Transfer Over Long Distances 9 Residential Energy Management Market, by Application 9.1 Introduction 9.2 Power Monitoring & Control 9.2.1 Rising Need for Effective Utilization of Power Resources is Expected to Drive Market 9.3 Load Shedding & Management 9.3.1 Increasing Grid Reliability by Avoiding System Outages is Expected to Boost Market Growth 9.4 Flexible Load Management 9.4.1 Growing Need of Consumers to Shift Energy Usage to Off-Peak Times is Expected to Drive Market 10 Residential Energy Management Market, by Region 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia-Pacific 10.5 South America 10.6 Middle East & Africa 11 Competitive Landscape 11.1 Overview 11.2 Revenue Analysis of Top 5 Market Players 11.3 Market Share Analysis, 2019 11.4 Competitive Scenario 11.5 Company Evaluation Quadrant 11.5.1 Stars 11.5.2 Emerging Leaders 11.5.3 Pervasive 11.5.4 Participants 11.6 Company Evaluation Matrix, 2019 11.7 Competitive Leadership Mapping of Start-Ups 11.7.1 Progressive Companies 11.7.2 Responsive Companies 11.7.3 Starting Blocks 11.7.4 Dynamic Companies 11.8 Key Market Developments 11.8.1 Product Launches 11.8.2 Investments & Expansions 11.8.3 Mergers & Acquisitions 11.8.4 Partnerships, Collaborations, Alliances, and Joint Ventures 12 Company Profiles 12.1 ABB 12.2 Eaton 12.3 Schneider Electric 12.4 Honeywell International 12.5 Landis+Gyr 12.6 General Electric 12.7 Siemens 12.8 Itron 12.9 Emerson 12.10 Bosch 12.11 Span.Io 12.12 Lumin 12.13 Racepoint Energy 12.14 Appartme 12.15 Uplight 12.16 Wattics Ltd 12.17 Tantalus Systems Corp. 12.18 Sunverge Energy, Inc 12.19 Koben Systems Inc. 12.20 Neosilica 12.21 Tantalus Systems Corp. 13 Appendix 13.1 Insights of Industry Experts Ss 13.2 Discussion Guide 13.3 Knowledge Store: The Subscription Portal 13.4 Available Customizations 13.5 Related Reports 13.6 Author Details For 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