Global energy management market revenue 2018-2029

The revenue of energy management market is forecast to experience significant growth until 2029. It is estimated that the revenue will continuously rise in the segments for smart thermostats, as well as smart AC & heater controls. In this regard, the Smart AC & Heater Controls segment achieves the highest value of 8.31 billion U.S. dollars in 2029.

Revenue forecast of energy management segment of the smart home market worldwide from 2018 to 2029, by type (in billion U.S. dollars)

Characteristic	Smart Thermostats	Smart AC & Heater Controls
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Energy Management market covers the sale of products for the control and reduction of energy consumption (e.g., automated heating control and timers) as well as connected sensors (e.g., temperature, sunlight, and precipitation sensors).
Networked light bulbs (see Comfort & Lighting) and smart sockets/plugs (see Control & Connectivity) are not included. Unlike in previous releases, smart plugs are no longer part of this segment but can now be found in the Control & Connectivity market. Smart Meters are not part of our Smart Home market.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include Xiaomi, Google, Honeywell, LG, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

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