Global Residential Energy Management System (REMS) Market Outlook to 2028
The rapid adoption of smart devices owing to falling prices, high adoption of smart grid and smart meters, favorable government policies and initiatives for energy efficiency, fluctuating energy prices, rapid advancement in technology further promises users reduction in energy bills and achieving greater energy efficiency are some of the few factors driving the Residential Energy Management Systems market growth.
Residential energy management systems (REMS) are rapidly gaining popularity worldwide as the technology behind them improves, and as small-scale solar power and battery storage become more viable. At the same time, the surge adoption of smart speakers around the world has unlocked a large potential for energy management and home automation. However, the fall in prices of these smart devices like TV, speakers, lights, and others, particularly in developing nations like India and China, will further fuel up the market in the future.
Several partnerships are seen to hold a strong market position. For instance, in July 2020, Trilliant Networks announced a partnership with Grid4C to deploy its AI-powered solutions to Trilliant’s smart metering platform. Utilizing Trilliant’s expanded IIOT platform for Smart Grid and Smart City solutions, the partnership will enhance Trilliant’s ability to deliver real-time intelligence and analytics across all technology layers to new and existing customers.
This market research report provides an overview of the competitive landscape for the Residential Energy Management System (REMS). Also, the study comprehensively analyses the Residential Energy Management Systems market by segmenting it based on geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa).
The report also addresses present and future market opportunities, market trends, developments, new product launches, region, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the REMS market. Further, REMS market size, demand forecast, and growth rates will also be provided in the report.
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- 1. Executive Summary
- 2. Research Scope and Methodology
- 3. Market Analysis
- 3.1 Introduction
- 3.2 Market Dynamics
- 3.2.1. Drivers
- 3.2.2 Restraints
- 3.3 Market Trends & Developments
- 3.4 Market Opportunities
- 3.5 Market Size and Forecast
- 4. Industry Analysis
- 4.1 Supply Chain Analysis
- 4.2 Porter's Five Forces Analysis
- 5. Market Segmentation & Forecast
- 5.1 By Location of Deployment
- 5.1.1 Onshore
- 5.1.2 Offshore
- 5.2 By Service
- 5.2.1 Solids Control
- 5.2.2 Treatment and Disposal
- 5.2.3 Containment and Handling
- 6. Regional Market Analysis
- 6.1 North America
- 6.1 Latin America
- 6.2 Europe
- 6.3 Asia-Pacific
- 6.4 Middle East and Africa
- 7. Key Company Profiles
- 7.1 Schlumberger Limited
- 7.2 Weatherford International plc
- 7.3 Halliburton Company
- 7.4 NOV Inc
- 7.5 Baker Hughes
- 7.6 Scomi Energy Services Bhd
- 7.7 Newpark Resources, Inc
- 7.8 TWMA group ltd.
- 7.9 KOSUN Machinery Co. Ltd.
- 7.10 SECURE Energy Services Inc.
- 8. Competitive Landscape
- 8.1 List of Notable Players in the Market
- 8.2 M&A, JV, and Agreements
- 8.3 Market Share Analysis
- 8.4 Strategies of Key Players
- 9. Conclusions and Recommendations
- List of Tables & Figures
- Abbreviations
- Additional Notes
- Disclaimer
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