Energy Management - France

France

The Energy Management market in France is projected to experience a substantial increase in revenue, reaching €189.8m by 2024.
This upward trend is expected to continue, with an annual growth rate (CAGR 2024-2028) of 10.29%, resulting in a projected market volume of €280.8m by 2028.
Looking specifically at the number of active households in the Energy Management market, it is anticipated to reach 19.2m users by 2028.
This indicates a significant potential for growth and adoption of energy management solutions among households in France.
In terms of household penetration, the current rate stands at 16.0% in 2024 and is expected to increase to 61.1% by 2028.
This indicates a growing interest and adoption of energy management technologies among French households.
The average revenue per installed Smart_Home in France is expected to amount to €38.63.
This figure highlights the economic viability and potential profitability of implementing energy management solutions in households.
When comparing revenue across different countries, it is noteworthy that in the United States generates the highest revenue in the Energy Management market, with a projected revenue of €2,763.0m in 2024.
This demonstrates the significant market size and potential in the United States compared to other countries.
Overall, the Energy Management market in France shows promising growth prospects, with increasing revenue, household adoption, and market volume.
These trends align with the global market, indicating a growing demand for energy management solutions worldwide.
France is leading the way in energy management with its strong focus on renewable energy sources and implementation of smart grid technologies.

Key regions: Japan, United Kingdom, South Korea, Asia, United States

Marché

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Comparaison de régions

Monnaie

Analyst Opinion

The segment Energy Management covers the sale of products and services for the control and reduction of energy consumption. For many consumers saving money is one of the main arguments for buying smart home solutions. The main product category are smart thermostats in combination with AC and radiator controls build by Google Nest, Bosch, Hive, Honeywell or Samsung. Moderately rising energy prices and a decentralized energy provision are still the main global drivers. While the first smart homes were high-value mansions, new plug-and-play solutions drive prices down and thus open the market for middle class households. While smart homes now focus on preserving energy, we can also expect a shift towards energy storage and production.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.