According to a new market report published by Credence Research, Inc., „Home Energy Management Systems (HEMS) market“ (Wi-Fi, ZigBee, Z-Wave, and other technologies – Insteon, X10, Wireless M-Bus, etc.) – Growth , Proportion, Opportunities, Competitive Analysis and Forecast 2015 – 2022 „expects the Home Energy Management Systems (HEMS) market to grow by a CAGR of 22.3% from 2015 to 2022 and reach $ 3,241.9 million by 2022.
Product and market knowledge
Home Energy Management Systems (HEMS) are devices that enable homeowners to optimally control, monitor and control their power consumption. The global market for home energy management systems (HEMS) is currently in the development phase. The industry was determined to develop a universal platform that can solve problems related to interoperability, interfaces and installation.
Browse the full Home Energy Management Systems (HEMS) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/home-energy-management-systems-hems-market
Competitive Insights
The global market for home energy management systems (HEMS) is focused and technology-oriented. The four leading manufacturers of energy management systems account for more than 45 percent of global market revenues. Panasonic Corporation (Japan), Honeywell International, Inc. (USA), Nest Labs, Inc. (USA), General Electric Company (USA), and Vivint, Inc. (USA) are considered some of the leading players in the home market. Energy Management Systems (HEMS). Other companies such as Alarm.com (USA), Ecobee (Canada), EnergyHub, Inc. (USA), Comcast Cable (USA), EcoFactor (USA), and Cisco Systems, Inc. (USA) were honored. as some of the promising and emerging players in the global home energy management system industry. Market competition is characterized by the presence of core solution providers and application subsystem providers. Their approach has been to offer energy management solutions as part of home automation products and services. New entrants to the home energy management market are in need of significant investment. In order to keep pace with technological advances, they must also provide a high budget for research and development activities. On the contrary, positive government regulations to promote optimal electricity consumption should have a positive impact on new entrants. Therefore, the market is a moderate threat to new entrants. To offer energy management solutions as part of home automation products and services. New entrants to the home energy management market are in need of significant investment. In order to keep pace with technological advances, they must also provide a high budget for research and development activities. On the contrary, positive government regulations to promote optimal electricity consumption should have a positive impact on new entrants. Therefore, the market is a moderate threat to new entrants. To offer energy management solutions as part of home automation products and services. New entrants to the home energy management market are in need of significant investment. In order to keep pace with technological advances, they must also provide a high budget for research and development activities. On the contrary, positive government regulations to promote optimal electricity consumption should have a positive impact on new entrants. Therefore, the market is a moderate threat to new entrants. they must also provide a high budget for research and development activities. On the contrary, positive government regulations to promote optimal electricity consumption should have a positive impact on new entrants. Therefore, the market is a moderate threat to new entrants. they must also provide a high budget for research and development activities. On the contrary, positive government regulations to promote optimal electricity consumption should have a positive impact on new entrants. Therefore, the market is a moderate threat to new entrants.
By hardware:
• Control
device • Display / communication device
Through communication technology:
• Z-wave
• ZigBee
• Wi-Fi
• Other
Through software and service:
• Behavior
• Proactive
Important trends
• Growing interest in residential demand response and introduction of smart utility meters
• Increasing manufacturers‘ efforts to develop multi-functional home power management systems that can be connected to multiple controllers and managed remotely
• Increasing desire to control power consumption and reduce utility bills