Middle East Home Energy Management System Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Middle East Home Energy Management System Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Middle East Home Energy Management System market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and country while spotlighting the most recent developments in the market.
Middle East Home Energy Management System Reports Highlights
What is the size of the Middle East Home Energy Management System Market?
The Middle East Home Energy Management System Market is estimated to grow at a CAGR of around 12.24% during the forecast period, i.e., 2023-28. This growth could be attributed to several factors, including the continuous growth in power consumption, majorly from HVAC lighting purposes (around 60% of the region's power is consumed by HVAC solutions), increasing adoption of renewable energy resources in the residential sector, and favorable government incentives regulations to promote energy efficiency.
What do the growth prospects and trends look like in the Middle East Home Energy Management System Industry?
Growing Energy Consumption to Amplify the Market – The Middle East region has been witnessing a substantial surge in electricity consumption in recent years, driven by factors like industrial technological development, economic growth, and a rapidly expanding population. As industries flourish new technologies emerge, the power demand continues to rise, placing significant strain on the existing energy infrastructure. According to the Saudi Central Bank, in 2020, residential buildings dominated the demand for electricity in Saudi Arabia.
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What Components are encompassed within Middle East Home Energy Management System Market segmentation?
The report has divided the market into the following segments:
By Offering
-Hardware- Market Size Forecast 2018-2028, (USD Million)
--Control Devices
---Lighting Controls
---Sensor
---Smart Meter
---Intelligent HVAC Controllers
---Others (Thermostat, Smart Plug/Strip, etc.)
--Communication Devices
--Software- Market Size Forecast 2018-2028, (USD Million)
--Services-- Market Size Forecast 2018-2028, (USD Million)
By Communication Technology
-Z-wave- Market Size Forecast 2018-2028, (USD Million)
-ZigBee- Market Size Forecast 2018-2028, (USD Million)
-Wi-Fi- Market Size Forecast 2018-2028, (USD Million)
-Homeplug- Market Size Forecast 2018-2028, (USD Million)
-Others (6LoWPAN, Bluetooth, etc.)- Market Size Forecast 2018-2028, (USD Million)
By Country
-The UAE
-Saudi Arabia
-Qatar
-Oman
-Turkey
-Egypt
-Rest of the Middle East.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
Schneider Electric
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Honeywell International Middle East LTD
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Eaton Corporation
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Panasonic
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
ABB Group
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Bosch GmbH
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Hager Middle East
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Ista The Middle East FZE
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
ENGISY
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
ALTEC Energy
-Business Description
-Facility Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others.
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