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Energy Efficient Devices Market Size And Revenue Outlook Through 2030
The market size for energy efficient devices has shown rapid expansion in recent years. It is projected to increase from $1221.14 billion in 2025 to $1358.92 billion in 2026, at a compound annual growth rate (CAGR) of 11.3%. This historical growth can be attributed to escalating energy costs across various industries, the enforcement of energy efficiency regulations, the wider deployment of smart building systems, the accessibility of efficient power electronics, and the progression in industrial automation.
The energy efficient devices market is projected to experience substantial expansion in the coming years. This market is anticipated to reach a size of $2017.82 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.4%. Several factors are expected to fuel this growth during the forecast period, including the increasing adoption of renewable energy integration, the expansion of smart grid infrastructure, a rising demand for net-zero buildings, growing investments in digital energy platforms, and an increasing focus on carbon footprint reduction. Furthermore, major trends anticipated in the forecast period involve the increasing uptake of smart energy management systems, a rising demand for low-power consumption devices, the growing integration of IoT-enabled energy monitoring, the expansion of predictive maintenance solutions, and an enhanced focus on lifecycle energy efficiency.
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Energy Efficient Devices Market Growth Backed By Core Demand Fundamentals
Governmental energy-efficiency programs are anticipated to bolster the expansion of the energy-efficient devices market moving ahead. These initiatives encompass various programs, policies, or actions aimed at decreasing energy usage and enhancing energy efficiency. Government-led energy efficiency efforts play a crucial role in promoting energy-efficient devices by setting standards, offering incentives for adoption, raising public awareness, backing research and development, enforcing building codes, and fostering cooperation across different sectors. As an illustration, in March 2024, data from the Department for Energy Security and Net Zero, a UK-based government department, revealed that approximately 318,600 energy efficiency measures were implemented via government initiatives in 2023, representing a 49% rise from 2022. Consequently, these governmental energy-efficiency efforts are propelling the energy-efficient devices market.
Energy Efficient Devices Market Segment Analysis: What Are The Core Market Categories?
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 Growth Trends Reshaping The Competitive Landscape
Major companies operating within the energy-efficient devices market are primarily focused on developing innovative products featuring advanced technologies, such as smart IoT solutions, to boost their profitability in the market. Smart IoT solutions are essential in driving energy efficiency across various domains, including homes, buildings, industries, and cities, ultimately contributing to sustainability and environmental conservation efforts. For instance, in March 2023, Siemens AG, a Germany-based energy technology and manufacturing company, introduced Connect Box. This Connect Box serves as an IoT solution for small to medium-sized buildings, providing 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 caters to varied needs while ensuring compliance with sustainability regulations and delivering up to 30% energy savings.
Energy Efficient Devices Market Top Companies Driving Competitive Growth
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
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Energy Efficient Devices Market Global Footprint: Which Region Leads The Market?
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
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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.
