The global energy efficient devices market is expected to reach a market size of USD 1,771.70 Billion at a steady CAGR of 12.5% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing need to reduce carbon footprint and steady shift towards utilization of renewable energy resources. The report provides detailed insights into Energy Efficient Devices market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Energy Efficient Devices market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Increasing oil prices, fuel shortages, and growing national competition for global energy supplies are other key factors driving demand for energy efficient devices. Increasing adoption of home energy management systems and smart meters in residential and commercial buildings is also boosting growth of the energy efficient devices market. The steady Energy Efficient Devices market share growth can be attributed to a variety of factors and trends in the global Energy Efficient Devices market currently. Global Energy Efficient Devices market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Energy Efficient Devices market share growth over the forecast period. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Energy Efficient Devices market share contribution of these countries. In addition, Energy Efficient Devices market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Energy Efficient Devices Market include are:
General Electric, Cree Inc., Aclara Technologies LLC, Koninklijke Philips N.V., Honeywell International Inc., CG Power and Industrial Solutions, Osram Licht AG, Acuity Brands, Inc., Legrand, and Zumtobel Group.
Emergen Research has segmented the global energy efficient devices market on the basis of applications, product type, and region:
- Applications Outlook (Revenue, USD Billion; 2021–2028)
- Commercial Application
- Residential Application
- Industrial Application
- Product Type Outlook (Revenue, USD Billion; 2021–2028)
- Consumer Electronics and Appliances
- Heating, Ventilation, and Air Conditioning (HVAC) Energy Efficient Devices
- Smart Lighting
- Smart Electric Meters
- Regional Outlook (Revenue, USD Billion; 2021–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
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In terms of Energy Efficient Devices market share and revenue contribution to the global Energy Efficient Devices market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Energy Efficient Devices market share.
Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Energy Efficient Devices Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Energy Efficient Devices industry
Asia Pacific market share contribution to the global Energy Efficient Devices market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Energy Efficient Devices market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe Energy Efficient Devices market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Energy Efficient Devices market going ahead.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/507
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Energy Efficient Devices industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Energy Efficient Devices market across different regions?
- Who are the major driving forces expected to decide the fate of the Energy Efficient Devices industry worldwide?
- Who are the prominent market players making a mark in the Energy Efficient Devices market with their winning strategies?
- Which Energy Efficient Devices industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Energy Efficient Devices market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Energy Efficient Devices Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Energy Efficient Devices Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Energy Efficient Devices Market Segmentation & Impact Analysis
4.1. Energy Efficient Devices Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Energy Efficient Devices Market indicators analysis
4.2.2. Energy Efficient Devices Market drivers analysis
22.214.171.124. Rapid urbanization and industrialization
126.96.36.199. Stringent government regulations regarding carbon emissions
188.8.131.52. Increasing prevalence of respiratory diseases
184.108.40.206. Rising need to enhance indoor air quality
4.2.3. Energy Efficient Devices Market restraints analysis
220.127.116.11. High cost associated with the maintenance of Energy Efficient Devices products
18.104.22.168. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Energy Efficient Devices Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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