Delivering more actionable and strategically valuable research, The Business Research Company’s 2026 market reports feature market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights.
Energy Efficient Devices Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The energy efficient devices market has observed rapid expansion in recent years. It is anticipated to grow from $1221.14 billion in 2025 to $1358.92 billion in 2026, achieving a compound annual growth rate (CAGR) of 11.3%. Historically, this growth can be attributed to several factors such as rising energy costs across industries, the implementation of energy efficiency regulations, increased deployment of smart building systems, the availability of efficient power electronics, and advancements in industrial automation.
The market size for energy efficient devices is projected to experience substantial growth in the upcoming years. This sector is forecast to expand to $2017.82 billion by 2030, progressing at a compound annual growth rate (CAGR) of 10.4%. The impetus behind this growth during the forecast period stems from the increasing integration of renewable energy, the expansion of smart grid infrastructure, a heightened demand for net-zero buildings, rising investments in digital energy platforms, and a greater emphasis on carbon footprint reduction. Significant trends anticipated within this period involve the wider adoption of smart energy management systems, a growing requirement for low-power consumption devices, the increased integration of IoT-enabled energy monitoring, the proliferation of predictive maintenance solutions, and an enhanced focus on lifecycle energy efficiency.
Download A Free Sample Report For Comprehensive Market Insights:
Energy Efficient Devices Market Demand Drivers: What Is Fueling Industry Growth?
Government energy-efficiency initiatives are projected to fuel the expansion of the energy-efficient devices market going forward. These initiatives include programs, policies, or actions implemented to reduce energy consumption and enhance energy efficiency. Government energy-efficiency initiatives are crucial in advancing energy-efficient devices by establishing standards, incentivizing their adoption, increasing awareness, supporting research and development, implementing building codes, and promoting cross-sector collaboration. For instance, in March 2024, according to the Department for Energy Security and Net Zero, a UK-based government department, around 318,600 energy efficiency measures were installed through government schemes during 2023, an increase of 49% compared with 2022. Therefore, the government’s energy-efficiency initiatives are driving the energy-efficient devices market.
Energy Efficient Devices Market Segments: Where Are The Largest Growth Opportunities?
The energy efficient devices market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By System Type: Industrial Energy Management Systems (IEMS), Building Energy Management Systems (BEMS), Home Energy Management Systems (HEMS)
3) By Vertical: Residential, Energy And Power, Telecom And Information Technology (IT), Manufacturing, Retail, Healthcare, Other Verticals
Subsegments:
1) By Hardware: Sensors, Actuators, Power Supplies, Controllers, Batteries, LED Lighting, Energy-efficient Appliances
2) By Software: Energy Management Software, Automation Software, Monitoring And Analytics Software, Smart Grid Software, Predictive Maintenance Software
3) By Services: Installation Services, Maintenance And Support Services, Consulting And Advisory Services, Managed Services, System Integration Services
Energy Efficient Devices Market Transformation Trends: Which Innovations Are Driving Change?
Leading companies active in the energy-efficient devices market are prioritizing the development of innovative products featuring advanced technologies, such as smart Internet of Things (IoT) solutions, to boost their market profitability. Smart IoT solutions are essential for promoting energy efficiency across various domains, including homes, buildings, industries, and cities, ultimately supporting sustainability and environmental preservation initiatives. As an illustration, in March 2023, Siemens AG, a Germany-based energy technology and manufacturing enterprise, introduced Connect Box. This IoT solution is intended for small to medium-sized buildings, offering seamless integration of wired and wireless devices. It works to optimize energy usage, monitor performance, and enhance indoor air quality through real-time analysis. With its plug-and-play setup, diverse licensing options, and user-friendly interfaces, it accommodates various needs while ensuring compliance with sustainability regulations and delivering up to 30% energy savings.
Energy Efficient Devices Market Major Participants And Competitive Dynamics
Major companies operating in the energy efficient devices market are Samsung Electronics, Siemens AG, GE Electric, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Toshiba Corporation, Johnson Controls International plc, Eaton Corporation, Carrier Global Corporation, Koninklijke Philips N.V., Trane Technologies, Emerson Electric Co., Legrand Group, Osram Group, Acuity Brands Inc., Itron Inc., Zumtobel Group, Cree Inc., Crompton Greaves Consumer Electricals Limited, Danfoss Group
Access The Complete Energy Efficient Devices Market Report:
Energy Efficient Devices Market Regional Outlook: Where Are The Largest Opportunities Located?
North America was the largest region in the energy efficient devices market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy efficient devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
