Home Energy Management Market to Reach $8.73 Bn, Globally, by 2030 at 15.6% CAGR: Allied Market Research
According to the report, the global home energy management industry generated $2.28 billion in 2020, and is expected to reach $8.73 billion by 2030, witnessing a CAGR of 15.6% from 2021 to 2030.
- According to the report, the global home energy management industry generated $2.28 billion in 2020, and is expected to reach $8.73 billion by 2030, witnessing a CAGR of 15.6% from 2021 to 2030.
- However, high initial costs regarding deployment of energy management systems hinder the market growth.
- On the other hand, supportive government initiatives toward the construction of smart homes create new opportunities in the coming years.
- This is due to improvement of the smart home energy management and reduction of energy usage and CO2 emissions.