This report studies the global Home Energy Management System (HEMS) market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Home Energy Management System (HEMS) market by companies, region, type and end-use industry.
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.
The need to achieve energy efficiency is the primary factor that is expected to drive the home energy management systems market growth over the next few years. Growing inclination towards efficient energy management is expected to play a key role in market development. Ongoing technology trends such as declining computation, sensor, and display cost along with the roll-out of smart utility meters provide several growth opportunities. In addition to this, the rising connectivity and accelerating smartphone applications will drive the global home energy management systems market.
North America dominated the global home energy management systems market due to large scale deployment of wireless technologies such as ZigBee, Wi-Fi, and HAN (home area network). In 2017, the European home energy management systems market was estimated at US$155.7 million. The European HEMS market is projected to grow with the highest CAGR of 26.2% during the forecasting horizon.
In 2017, the global Home Energy Management System (HEMS) market size was 1220 million US$ and it is expected to reach 6000 million US$ by the end of 2025, with a CAGR of 22.0% during 2018-2025.
This report focuses on the global top players, covered
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Self-monitoring Systems and Services
Programmable Communicating Thermostats
Intelligent HVAC Controllers
Advance Central Controllers
Market segment by Application, split into
The study objectives of this report are:
To study and forecast the market size of Home Energy Management System (HEMS) in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Home Energy Management System (HEMS) are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Home Energy Management System (HEMS) Manufacturers
Home Energy Management System (HEMS) Distributors/Traders/Wholesalers
Home Energy Management System (HEMS) Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Home Energy Management System (HEMS) market, by end-use.
Detailed analysis and profiles of additional market players.