PUBLISHER: The Business Research Company | PRODUCT CODE: 1932481
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932481
Energy-efficient devices are appliances, equipment, or systems specifically engineered to consume less energy while providing comparable performance to traditional counterparts. These devices are designed with the primary objective of minimizing energy consumption while either maintaining or even improving performance standards. By reducing the demand for energy, they contribute to overall energy conservation efforts and promote sustainability.
The main components of energy-efficient devices encompass hardware, software, and services. Energy-efficient device hardware comprises the physical components and technologies incorporated into appliances, equipment, and systems engineered to minimize energy consumption. These components are integral to various applications such as industrial energy management systems (IEMS), building energy management systems (BEMS), and home energy management systems (HEMS). They find application across a diverse range of industries including residential, energy and power, telecommunications and information technology (IT), manufacturing, retail, healthcare, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are affecting the energy efficient devices market by increasing the cost of imported semiconductors, sensors, power electronics, batteries, and advanced control hardware used in energy management systems. Industrial, commercial, and residential deployments in North America and Europe are most impacted due to dependence on imported electronic components, while Asia-Pacific manufacturers face pricing pressure in export markets. These tariffs are raising system installation costs and slowing large-scale energy efficiency retrofits. At the same time, tariffs are encouraging domestic electronics manufacturing, local assembly of energy-efficient devices, and accelerated innovation in cost-optimized hardware and software solutions.
The energy efficient devices market research report is one of a series of new reports from The Business Research Company that provides energy efficient devices market statistics, including energy efficient devices industry global market size, regional shares, competitors with an energy efficient devices market share, detailed energy efficient devices market segments, market trends and opportunities, and any further data you may need to thrive in the energy efficient devices industry. This energy efficient devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The energy efficient devices market size has grown rapidly in recent years. It will grow from $1221.14 billion in 2025 to $1358.92 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to rising energy costs across industries, implementation of energy efficiency regulations, increased deployment of smart building systems, availability of efficient power electronics, growth in industrial automation.
The energy efficient devices market size is expected to see rapid growth in the next few years. It will grow to $2017.82 billion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing adoption of renewable energy integration, expansion of smart grid infrastructure, rising demand for net-zero buildings, growing investments in digital energy platforms, increasing focus on carbon footprint reduction. Major trends in the forecast period include increasing adoption of smart energy management systems, rising demand for low-power consumption devices, growing integration of iot-enabled energy monitoring, expansion of predictive maintenance solutions, enhanced focus on lifecycle energy efficiency.
Government energy-efficiency initiatives are expected to drive the growth of the energy-efficient devices market moving forward. These initiatives encompass programs, policies, or actions aimed at reducing energy consumption and improving energy efficiency. Through the establishment of standards, the provision of incentives for adoption, raising awareness, supporting research and development, enforcing building codes, and encouraging cross-sector collaboration, government efforts play a critical role in advancing energy-efficient devices. For example, in March 2024, the Department for Energy Security and Net Zero, a UK-based government agency, reported that in 2023, approximately 318,600 energy efficiency measures were installed through government schemes, marking a 49% increase compared to 2022. As a result, these government initiatives are significantly contributing to the growth of the energy-efficient devices market.
Key players in the energy-efficient devices market are increasingly focused on innovation to bolster their competitiveness. A notable trend is the development of smart IoT solutions, which play a vital role in enhancing energy efficiency across various sectors. For example, in March 2023, Siemens AG introduced Connect Box, an IoT solution tailored for small to medium-sized buildings. This solution facilitates energy optimization, performance monitoring, and indoor air quality enhancement through real-time analysis. Its user-friendly features and compatibility with sustainability regulations make it a compelling option, potentially delivering significant energy savings of up to 30%.
In June 2023, ABB Group expanded its presence in the energy-efficient devices market through the acquisition of Eve Systems. This strategic move reinforces ABB's expertise in smart home solutions and underscores its commitment to innovation and sustainability in the electrification sector. Eve Systems, known for its smart plug and power meter offerings, brings valuable capabilities such as built-in schedules, voice control, and Bluetooth low-energy connectivity. This acquisition positions ABB to capitalize on the growing demand for energy-efficient solutions, particularly in the residential sector.
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
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
The countries covered in the energy efficient devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The energy efficient devices market consists of sales of lighting solutions, HVAC (heating, ventilation, and air conditioning) systems, smart appliances, and energy-efficient motors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Energy Efficient Devices Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses energy efficient devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for energy efficient devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The energy efficient devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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