The Global Wireless Home Energy Monitors Market Size is projected to grow at a CAGR of 6.1% during the forecast period and is anticipated to reach USD 3.06 billion by the end of 2028. The rising demand for renewable energy sources and growing concerns about climate change are some of the factors fueling this growth.
Wireless Home Energy Monitors are used to measure the power consumption of a home. It is connected with one or more appliances in your home, and it tracks how much electricity they use on an ongoing basis. The goal is to see what you can do to reduce energy usage at no cost.
On the basis of Types, the market is segmented into Solar Ready Type, Non-Solar Ready Type.
Solar ready type is a wireless home energy monitor that comes with solar panels. These monitors are capable of connecting to the grid and can be used for self-consumption, or they can send excess power back from renewable sources to the grid.
The Non-Solar Ready Type of wireless home energy monitors is sold with a voltage adapter (or an outlet) to monitor electricity consumption. Non-Solar Ready Types can be used and set up in places where there is no powerline or digital connection. Solar panels are not needed for these types, but they still measure the amount of consumed electric current at any time by calculating how much was drawn out from the electrical socket. So if you have solar-ready sensors installed on your house, then this type might be better suited for you because all that's required is plugging them into an AC outlet instead of tracking down a more expensive volt adapter cord.
On the basis of Application, the market is segmented into Android System, iOS System, and Other.
Wireless Home Energy Monitors are being used in the Android system for monitoring the energy of an electric meter and to track usage. These monitors can also be utilized as a unit that is connected to a smartphone or tablet which would then send data back to the monitor, thereby allowing users to view their use of power remotely on their mobile devices.
The Android system is the most popular operating platform among mobile devices. Hence, it has been able to become an integrated component of many different wireless home energy monitors that are available in the market today. The main reason for this success is because developers and manufacturers have a larger audience from which they can sell their products globally through App Stores on Google Play or Amazon. This also means there will be more opportunities for competition with other companies who make similar products or applications, resulting in better innovation within this industry since people would need new features to differentiate themselves when marketing their products.
Wireless Home Energy Monitors are also being used in the iOS system. One of the benefits of this is that there’s no need for a power cable which means it can be used anywhere within range and doesn’t require an outlet or wiring. The main drawback with using wireless home energy monitors on iOS devices has to do with their data usage as it requires more battery life from your phone than non-wireless devices, but this will depend on how often you have access to WiFi and other factors such as WiFi signal strength. If you have constant access to WiFi then you won't notice much difference between using Wireless Home Energy Monitor vs Non-Wireless Device when monitoring your electricity consumption on iPhone or iPad, however if not, you will notice your battery life draining much faster.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is the largest market for Wireless Home Energy Monitors. The Asia Pacific is expected to be the fastest-growing region in terms of sales from 2021 to 2028.
Up Market Research published a new report titled “Wireless Home Energy Monitors Sales Market research report which is segmented by Types (Solar Ready Type, Non Solar Ready Type), By Applications (Android System, iOS System, Other), By Players/Companies Schneider Electric, Sense, Efergy, OWL Intuition Ltd, Curb, Smappee, Neurio, Aeotec, Current Cost, Emporia Energy, Rainforest Automation, Eyedro, Blue Line Innovations”.
Report Attributes | Report Details |
Report Title | Wireless Home Energy Monitors Sales Market Research Report |
By Type | Solar Ready Type, Non Solar Ready Type |
By Application | Android System, iOS System, Other |
By Companies | Schneider Electric, Sense, Efergy, OWL Intuition Ltd, Curb, Smappee, Neurio, Aeotec, Current Cost, Emporia Energy, Rainforest Automation, Eyedro, Blue Line Innovations |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Solar Ready Type, Non Solar Ready Type and By Application Android System, iOS System, Other.
Some of the companies that are profiled in this report are:
Wireless Home Energy Monitors Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Wireless Home Energy Monitors Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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