DUBLIN, August 1, 2017 /PRNewswire/ --
The "Global Home Electrical Consumables Market 2017-2021" report has been added to Research and Markets' offering.
The global home electrical consumables market to grow at a CAGR of 6.74% during the period 2017-2021.
The report, Global Home Electrical Consumables Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is home energy management systems (HEMS). HEMS are a system of devices installed in residential buildings for the provision of feedback on the electricity consumption patterns and power consumption data for individual appliances. These systems also perform pre-programmed functions such as maintaining the temperature of houses.
According to the report, one driver in the market is the rising need for energy conservation. There is a continuous surge in electricity generation worldwide owing to growing population and urbanization. Due to this reason, utilities are running plants at full capacity to generate more power from the existing infrastructure. With the increase in power production, there is also a simultaneous gradual increase in power prices due to investments made by power companies in T&D equipment, the addition of newer power resources, increase in commodity prices, and geopolitical factors.
Further, the report states that one challenge in the market is high rivalry and unorganized sector. The global home electrical consumables market gives an opportunity to both the large international vendors as well as many regional vendors to operate in the market. Major vendors such as Honeywell have over the time created a brand recognition for their products across the globe. However, such major vendors still face fierce competition from regional vendors, especially from China and India, which are the two largest markets for home electrical consumables.
- Schneider Electric
Other prominent vendors
- Havells India
- Hengtong Electric
- Koninklijke Philips
- Palazzoli Group
- SCAME PARRE
Key Topics Covered:
PART 01 Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/6cs7nc/global_home
Laura Wood, Senior Manager
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SOURCE Research and Markets