Home Energy Management Systems Market : Rising Demand for Energy Conservation

Home energy management systems (HEMS) are devices that allow home-owners to monitor and manage their electricity consumption wisely. The global home energy management system (HEMS) market is striving to meet the basic demand for a universal platform that solves the problem of interface and complexities involved in installations. Escalating electricity prices and thus growing need for optimum energy management is the major factor offering impetus for the growth of home energy management system (HEMS) market. In order to increase awareness about the cost efficiency offered by home energy management system (HEMS), the manufactures and solution providers across the globe have started employing variable pricing schemes. This has lead to the growth of home energy management system (HEMS) market, even in cost sensitive countries of Africa, Middle East and Asia Pacific. Alliance with real estate players and builders for offering home energy management systems (HEMSs) as a part of basic amenities present a sound opportunity for manufacturers as well as service providers.

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This report provides strategic analysis of the global home energy management system (HEMS) market, and the market growth forecast for the period 2013 to 2019. The scope of the report includes competitive analysis of various market segments based on the products, technologies and in-depth cross sectional scrutiny of the home energy management system (HEMS) market across different geographic segments. To aid in strategic decision making, the report also includes competitive profiling of leading players in the industry, their market share, various business winning strategies adopted by them, and recent developments. The value chain analysis included in the report provides information on the raw material suppliers, manufacturers, service providers, and distributors of home energy management systems (HEMSs). The market attractiveness analysis and Porter’s Five Forces analysis included in the report provide insight into market dynamics, industry competition, and most profitable segments in home energy management system (HEMS) market. The home energy management system (HEMS) market is segmented on the basis of functionality, technology, and geography. On the basis of functionality, the home energy management system (HEMS) market is segmented into control devices, user interface, and enabling technologies.


The market revenue and forecast for functionality has been provided for the period 2011 to 2019 in terms of USD million, along with the CAGR for the forecast period 2013 to 2019. The types of technology protocols studied in the report include Wi-Fi, ZigBee, HomePlug, and Z-Wave among others. This section provides the historical revenue sales for 2011 and 2012 along with the forecast for the period 2013 to 2019. Each of these segments provides market size and forecast for the period 2012- 2019, highlighting key, influencing, and challenging factors for that segment. The regional market analysis gives in-depth analysis of the current trends prevailing in different regions including North America, Europe, Asia Pacific, and Rest of the World (RoW) countries.

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The report also provides breakdown and review of various factors affecting the market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. In all, the report includes a holistic analysis of the global HEMS market, and provides an estimate of growth for the period 2013 to 2019, keeping in mind the various factors affecting the market.

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