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.
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Scope of the Report:
This report studies the Home Energy Management System (HEMS) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Home Energy Management System (HEMS) market by product type and applications/end industries.
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.
The global Home Energy Management System (HEMS) market is valued at 1220 million USD in 2017 and is expected to reach 3830 million USD by the end of 2023, growing at a CAGR of 21.0% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Home Energy Management System (HEMS).
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Self-monitoring Systems and Services
Programmable Communicating Thermostats
Intelligent HVAC Controllers
Advance Central Controllers
Market Segment by Applications, can be divided into
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Table of content
1 Home Energy Management System (HEMS) Market Overview
1.1 Product Overview and Scope of Home Energy Management System (HEMS)
1.2 Classification of Home Energy Management System (HEMS) by Types
1.2.1 Global Home Energy Management System (HEMS) Revenue Comparison by Types (2017–2023)
1.2.2 Global Home Energy Management System (HEMS) Revenue Market Share by Types in 2017
1.2.3 Lighting Controls
1.2.4 Self-monitoring Systems and Services
1.2.5 Programmable Communicating Thermostats
1.2.6 Intelligent HVAC Controllers
1.2.7 Advance Central Controllers
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Home Energy Management System (HEMS) Type and Applications
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