Allied Market Research

2024

Home Energy Management System Market

Home Energy Management System Market Size, Share, Competitive Landscape and Trend Analysis Report, by FUNCTION and, by TECHNOLOGY : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Energy Efficiency and Conservation

Select an option
Author's: | Eswara Prasad
Publish Date:

Get Sample to Email

Home energy management system (HEMS) is an effective hardware and software system that facilitate home users to monitor and reduce energy consumption of the various electrical devices installed in their homes. HEMS comprises five different products, which assist in managing and reducing energy consumption. These products include self-monitoring systems, lighting controls, programmable communicating thermostats, advanced central controllers and intelligent HVAC controllers. With HEMS, end-user can access real-time energy consumption data through mobile phones, tablets, and other communication devices to monitor and manage energy consumption in the house. In addition, HEMS provides updates on fluctuating electricity prices to assist users to use less energy during peak hours. Presently, the spiraling energy prices have fostered the demand for energy management. The growth of the world HEMS market is mainly driven by the growing awareness of energy management and rising investment in smart grids. However, high cost of implementation of HEMS technology would impede the growth of the HEMS market.

The world home energy management system (HEMS) market is segmented on the basis of available product types, communication technology and geography. Based on components, the HEMS market is segmented into hardware and software. Hardware is further bifurcated into sensor, controller & others. Furthermore, the market has been sectioned, based on communication technology, into ZigBee, Wi-Fi, home plug and others. The world home energy management system (HEMS) market has been analyzed based on geographical regions, which include North America, Europe, Asia Pacific and LAMEA (Latin America Middle East and Africa). The key market players profiled in the report, include Schneider Electric, Panasonic Corporation, General Electric Company, Emerson Process Management and others.

Potential Benefits for Stakeholders:

  • The report provides an in-depth analysis of the home energy management systems market and offers current and future trends to identify lucrative investment pockets in the market
  • The report identifies the key drivers, opportunities and restraints that shape the market and provides an impact analysis for the forecast period
  • Porters five forces analysis highlights the potency of buyers and suppliers participating in this market. This would further offer a competitive advantage to stakeholders in making profitable business decisions; thus, helping them to strengthen their supplier and buyer networks
  • Current and future trends are outlined to determine the overall attractiveness and highlight the profitable trends in order to gain a stronger foothold in the market
  • Market estimation of geographic segments is derived from the current market scenario and expected market trends

Home Energy Management System Market Report Highlights

Aspects Details
icon_5
By FUNCTION
  • Control device
  • Display/ communication device
  • User interface
icon_6
By TECHNOLOGY
  • Z-wave
  • ZigBee
  • Wi-fi
  • Homeplug
  • Others
icon_7
By GEOGRAPHY
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
icon_8
Key Market Players

Ecobee, Inc., General Electric Company, Nest Labs, Inc., Alarm.Com, Comcast Cable (Xfinity), Ecofactor, Inc., Energyhub, Inc., Vivint, Inc., Panasonic Corporation, Honeywell International, Inc.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Home Energy Management System Market

Global Opportunity Analysis and Industry Forecast, 2023-2032