The US Home Energy Management Systems Market to Reach $2.81 Billion by 2029- Single Family Houses Creating Growth Avenues – Arizton

The US Home Energy Management Systems Market to Reach $2.81 Billion by 2029- Single Family Houses Creating ...  PR Newswire

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The US Home Energy Management Systems Market to Reach $2.81 Billion by 2029- Single Family Houses Creating Growth Avenues – Arizton

The US Home Energy Management Systems Market to Reach $2.81 Billion by 2029- Single Family Houses Creating Growth Avenues - Arizton

US Home Energy Management Systems Market Growing at a CAGR of 15.12%

April 18, 2024

CHICAGO, April 18, 2024 /PRNewswire/ — Arizton’s latest research report shows that the US home energy management systems market is growing at a CAGR of 15.12% from 2023-2029.

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U.S. Home Energy Management Systems Market Focus Insight Report by Arizton
U.S. Home Energy Management Systems Market Focus Insight Report by Arizton

The US Home Energy Management Systems Market Report Scope

Report Attributes 

Details  

Market Size (2029) 

$2.81 Billion 

CAGR (2023-2029) 

15.12 %

Historic Year 

2020-2022 

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 7: Affordable and Clean Energy
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 11: Sustainable Cities and Communities
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action

The article discusses the growth of the US home energy management systems market, which is driven by the demand for eco-friendly and sustainable solutions. This aligns with SDG 7, which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The article also mentions the integration of renewable energy sources like solar panels, which contributes to SDG 7 and SDG 13 (taking urgent action to combat climate change). Additionally, the article highlights the role of technology and innovation in the market, connecting to SDG 9. The focus on energy efficiency and reducing carbon footprint relates to SDG 11 (making cities and human settlements inclusive, safe, resilient, and sustainable) and SDG 12 (ensuring sustainable consumption and production patterns).

2. What specific targets under those SDGs can be identified based on the article’s content?

  • Target 7.2: Increase substantially the share of renewable energy in the global energy mix.
  • Target 7.3: Double the global rate of improvement in energy efficiency.
  • Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
  • Target 11.6: Reduce the adverse per capita environmental impact of cities.
  • Target 12.2: Achieve sustainable management and efficient use of natural resources.
  • Target 13.2: Integrate climate change measures into national policies, strategies, and planning.

The targets mentioned above are relevant to the issues discussed in the article. The growth of the home energy management systems market contributes to increasing the share of renewable energy (Target 7.2) and improving energy efficiency (Target 7.3). The integration of renewable energy sources and the focus on sustainable consumption and production align with Target 12.2. The article also highlights the role of technology and innovation in upgrading infrastructure and retrofitting industries (Target 9.4). Additionally, the emphasis on reducing carbon footprint and promoting energy efficiency relates to Target 11.6 and Target 13.2.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

  • Share of renewable energy in the US home energy management systems market
  • Improvement in energy efficiency in the US home energy management systems market
  • Number of homes with integrated renewable energy sources like solar panels
  • Reduction in carbon footprint of households using home energy management systems
  • Investments in infrastructure upgrades and industry retrofitting for sustainability

While the article does not explicitly mention specific indicators, these indicators can be used to measure progress towards the identified targets. Monitoring the share of renewable energy in the market, improvement in energy efficiency, adoption of integrated renewable energy sources, reduction in carbon footprint, and investments in infrastructure upgrades and industry retrofitting can provide insights into the progress made towards achieving the targets.

SDGs, Targets, and Indicators Table

SDGs Targets Indicators
SDG 7: Affordable and Clean Energy Target 7.2: Increase substantially the share of renewable energy in the global energy mix. Share of renewable energy in the US home energy management systems market
SDG 9: Industry, Innovation, and Infrastructure Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable. Investments in infrastructure upgrades and industry retrofitting for sustainability
Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable. Investments in infrastructure upgrades and industry retrofitting for sustainability
SDG 11: Sustainable Cities and Communities Target 11.6: Reduce the adverse per capita environmental impact of cities. Reduction in carbon footprint of households using home energy management systems
Target 11.6: Reduce the adverse per capita environmental impact of cities. Reduction in carbon footprint of households using home energy management systems
SDG 12: Responsible Consumption and Production Target 12.2: Achieve sustainable management and efficient use of natural resources. Reduction in carbon footprint of households using home energy management systems
Target 12.2: Achieve sustainable management and efficient use of natural resources. Reduction in carbon footprint of households using home energy management systems
SDG 13: Climate Action Target 13.2: Integrate climate change measures into national policies, strategies, and planning. Reduction in carbon footprint of households using home energy management systems
Target 13.2: Integrate climate change measures into national policies, strategies, and planning. Reduction in carbon footprint of households using home energy management systems

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: prnewswire.com

 

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