Residential Energy Management Market Size

Residential Energy Management Market size was valued at USD 3.77 billion in 2024 and is projected to cross USD 16.65 billion by the end of 2037, registering more than 12.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of residential energy management is estimated at USD 4.13 billion.

The growing production of energy to meet the rising energy demands of the global population and the increasing need to track this energy usage with digitized and automated systems are expected to propel the market growth.

Factors such as the adoption of advanced metering infrastructure (AMI) in homes along with the increasing interest in efficient energy management due to the emergence of smart home automation technology will drive residential energy management market. In addition to these, with the rising implementation of rules and regulations regarding the application of sustainable solutions, there is a rapid escalation in the demand for energy-efficient appliances, which is further expected to increase the utilization rate of solutions such as residential energy management in the upcoming years.