Industry Background:
Energy Efficiency Gamification is aimed at encouraging individuals to utilize less power and, in some situations, even encourages them to generate more power. There are a variety of such solutions that try to make the entire process of energy conservation a bit easier. In energy efficiency gamification; the user gets a reward for his efficiency while using the energy. It can be used on a number of devices, like smartphones or even on laptops. Many times, organizations use it to promote energy efficiency in the organization. With the increasing need for energy conservation, the demand for Energy Efficiency Gamification is increasing. The USA and Europe have the largest share of the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Oroeco Inc. (United States), Evolaris (Austria), Lockheed Martin Corporation (United States), Opower Inc. (United States), JouleBug (United States), FuelGood (Germany), Simple Energy Inc. (United States), WeSpire Inc. (United States), Take Charge Challenge (United States) and Cool Choices Inc. (United States) |
According to AMA, the market for Energy Efficiency Gamification is expected to register a CAGR of 26.15% during the forecast period to 2027. This growth is primarily driven by Need Of Energy Efficiency Gamification to Conserve Energy and Demand Of Energy Efficiency Gamification to Motivate Individuals to Save Energy.
Globally, a noticeable market trend is evident Adoption Of Energy Efficiency Gamification by Industrial Users The Electric Utilities sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Oroeco Inc. (United States), Evolaris (Austria), Lockheed Martin Corporation (United States), Opower Inc. (United States), JouleBug (United States), FuelGood (Germany), Simple Energy Inc. (United States), WeSpire Inc. (United States), Take Charge Challenge (United States) and Cool Choices Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Key Developments in the Market:
On November 15, 2023, OhmConnect, a Texas-based energy efficiency gamification company, acquired Bidgely, a California-based AI startup specializing in energy disaggregation and behavioral analytics. This merger aims to combine OhmConnect's gamified engagement platform with Bidgely's AI technology to create a more comprehensive energy management solution for households and businesses.
On October 26, 2023, Opower, a leading provider of energy engagement and behavioral change solutions, announced a partnership with Enphase Energy, a global solar energy company. This partnership will integrate Opower's gamification platform with Enphase's Encharge home energy storage systems, allowing homeowners to track their energy usage, earn rewards for energy savings, and optimize their solar energy consumption.
Influencing Trend:
Adoption Of Energy Efficiency Gamification by Industrial Users
Market Growth Drivers:
Need Of Energy Efficiency Gamification to Conserve Energy and Demand Of Energy Efficiency Gamification to Motivate Individuals to Save Energy
Challenges:
Reluctant Nature of Individuals to Use Energy Efficiency Gamification
Restraints:
Lack Of Awareness About the Energy Efficiency Gamification
Opportunities:
Growing Demand of Energy Efficiency Gamification in Developing Countries and Increasing Air Pollution by Energy Industry Will Boost the Demand of Energy Efficiency Gamification
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Energy Efficiency Gamification Market
- Analysis about New Entrants in Energy Efficiency Gamification Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Energy Efficiency Gamification Study Sheds Light on
The Energy Efficiency Gamification Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Energy Efficiency Gamification industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Energy Efficiency Gamification industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.