Home energy management systems (HEMS)
can be defined as any hardware and/or software system that can be installed in houses to monitor and provide feedback about a home's energy usage, and/or also enable advanced control of energy-using systems and devices. Global demand for home energy management systems is driven by increasing awareness about energy conservation coupled with increasing internet accessibility across the world and increasing penetration of internet of things in the western countries. Growing market for smart home and related hardware and software opportunity is poised to offer a huge opportunity in the home energy management systems market.
This report identifies the
global home energy management systems market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to home energy management systems market.
Globally, demand for home energy management system is expected to witness growth in the upcoming future due to increasing penetration of internet and increasing number of connected devices. North America represents the highest market share in the global home energy management systems market due higher internet connectivity and techsavy population followed by Europe and Asia-Pacific with the second and third highest market share amongst all the major regions. Looming energy crisis in major emerging nations such as India in the Asia-Pacific region is expected to be the major driving factor responsible for the growth of home energy management systems in the region.
This report on home energy management systems has been divided based on disease type, which is segmented as
- Based on device type global home energy management system market research report is segmented as: Control Device, Display Device, Communication Device
- This report on global home energy management system market also covers major technologies used in this systems which are classified as: Wi-Fi, Z-Wave, ZigBee, Ethernet and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the home energy management systems market. Some of the major companies’ profiles in detail are as follows:
- GE Company
- Panasonic Corporation
- Honeywell International Inc.
- Cisco Systems Inc.
- Intel Corporation