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
Vancouver, BC -- (SBWIRE) -- 05/07/2021 -- The latest research report on the Energy Efficient Devices market for the forecast period, 2021 - 2028 is involved in screening the business environment and the companies operating in the Energy Efficient Devices industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of the total revenue generated as well as the output/volume produced year after year
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.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others
Key players in the market include 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.
The all-inclusive report on the Global Energy Efficient Devices Market added by Emergen Research demonstrates that the global Energy Efficient Devices market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Energy Efficient Devices market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Applications Outlook (Revenue, USD Billion; 2021–2028)
Product Type Outlook (Revenue, USD Billion; 2021–2028)
Consumer Electronics and Appliances
Heating, Ventilation, and Air Conditioning (HVAC) Energy Efficient Devices
Smart Electric Meters
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The report conducts a comparative assessment of the leading market players participating in the global Energy Efficient Devices market.
The report marks the notable developments that have recently taken place in the Energy Efficient Devices industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Energy Efficient Devices market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
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. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Increasing purchasing power of consumers
126.96.36.199. Increasing use of renewable sources of energy
188.8.131.52. Rising need to reduce electricity use and costs
4.2.3. Market restraints analysis
184.108.40.206. Lack of awareness among consumers
220.127.116.11. Higher initial costs
18.104.22.168. Present challenging economic conditions due to the pandemic
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 5. Energy Efficient Devices Market By Applications Insights & Trends, Revenue (USD Billion)
5.1. Applications Dynamics & Market Share, 2020 & 2028
5.1.1. Commercial Application
5.1.2. Residential Application
5.1.3. Industrial Application
Chapter 6. Energy Efficient Devices Market By Product Type Insights & Trends Revenue (USD Billion)
6.1. Product Type Dynamics & Market Share, 2020 & 2028
6.1.1. Consumer Electronics and Appliances
6.1.2. Heating, Ventilation, and Air Conditioning (HVAC) Energy Efficient Devices
6.1.3. Smart Lighting
6.1.4. Smart Electric Meters
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