Home Energy Management Systems (HEMS) Market

Market Insights

Increasing electricity expenses resulting in the need for optimum energy management is identified as the major factor driving the home energy management systems market. However, the lack of awareness regarding these systems’ benefits and the high upfront cost has somewhat inhibited the market growth. However, to address these challenges effectively, suppliers and solution providers have started offering variable pricing schemes to encourage consumers to make optimum use of the electricity during off-peak hours and reduce consumption during peak hours. These factors are expected to contribute toward a compounded annual growth rate (CAGR) of 22.3% from 2015 to 2022. The home energy management systems (HEMS) market is expected to reach US$ 3,241.9 Mn by 2022.

1.1 Market Scope and Segmentation

This report analyzes the global home energy management systems (HEMS) market regarding the product type, technology, and geographical distribution. Based on technology, the market is segmented into Wi-Fi, ZigBee, Z-Wave, and other technologies (Insteon, X10, Wireless M-Bus, etc.). Similarly, based on product type, the home energy management systems market is further classified as control devices (home automation systems, home lighting control systems, thermostats, smart plugs, smart appliances, etc.) and display/user interface devices. The geographical distribution of the global home energy management systems (HEMS) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East, Africa, and the Rest of the World.

1.2 Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Home Energy Management Systems (HEMS) Market – Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global home energy management systems (HEMS) industry.

Target Audience

• Industry Investors
• Home Energy Management System Manufacturers
• Interface and Software Providers
• End-users

Overall, the research study provides a holistic view of the global home energy management systems (HEMS) market, offering market size and estimates for the period from 2015 to 2022, considering the above-mentioned factors.

Based on product type (hardware), the global home energy management systems (HEMS) market is categorized into the following segments:

• Control Devices (Home Automation Systems, Home Lighting Control Systems, Thermostats, Smart Plugs, Smart Appliances, etc.)
• User Interface Devices (In-House Displays, Web Dashboard/ Portals, etc.)

In 2014, the control devices segment, comprising home automation systems, home lighting control systems, thermostats, smart plugs, and smart appliances, among others, was the most significant contributor to the global home energy management systems (HEMS) market. The trend is expected to continue during 2015 – 2022, with the said segment retaining its dominant position. Although the control device segment is expected to continue its dominance, the user interface device segment covering in-home display units and web dashboards/ portals is expected to exhibit maximum growth over the forecast period 2015 – 2022. The part (user interface devices) is anticipated to witness steep growth on account of the growing desire of consumers to study and analyze their household energy consumption by appliances or products. In addition, the declining cost of displays and, thus, display products is expected to have a positive impact on market momentum during the forecast period 2015 – 2022.

Based on the technology deployed, the global home energy management systems (HEMS) market is categorized into the following segments:

• Wi-Fi
• ZigBee
• Z-Wave
• Others (Wireless M-Bus, Insteon, X10, etc.)

In 2014, Wireless-Fidelity (Wi-Fi) and ZigBee were the primary communication technologies used in home energy management systems (HEMS). These communication technologies collectively accounted for over 45 percent of the global home energy management systems (HEMS) market revenue in 2014. This trend is expected to continue in the coming years. The integrated technology using Wi-Fi as the backbone and ZigBee as an interface to several end-points is poised to witness growing acceptance. The ZigBee technology is expected to witness maximum adoption during the forecast period. This is primarily because of the growing demand from emerging markets and regulated demand from developed economies like North America and Europe. The ZigBee technology is easy to use and easily integrated with multiple home area networking devices. Furthermore, the technology is scalable and highly tolerant of intrusion from other technologies like Wi-Fi and Bluetooth. Other communication technologies, including Z-Wave and Insteon, are also anticipated to exhibit robust growth from 2015 – 2022.

Based on geography, the global home energy management systems (HEMS) market is segmented into the following regions and countries.

• • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

In 2014, North America was the most powerful home energy systems (HEMS) market, followed by Europe. The regions collectively accounted for over two-thirds of the global market revenue in 2014. This dominance can be attributed to technological advancements and greater adoption of wireless technologies, including ZigBee, Z-Wave, and Wi-Fi for energy management. Furthermore, the growing demand for HAN (Home Area Network) devices has cemented their leading position. The U.S. is the largest individual HEMS market worldwide. The dominance of the U.S. can be attributed to a large base of energy management solutions and service providers. Over the forecast period, Asia Pacific is expected to witness maximum growth, mainly due to the growing desire among consumers to control and manage residential electricity consumption.

1. Preface
1.1. Report Description
1.2. Report Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase II-Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Home Energy Management Systems (HEMS) Market Industry Snapshot

3. Global Home Energy Management Systems (HEMS) Market Analysis
3.1. Home Energy Management Systems (HEMS) Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Restraints
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Home Energy Management Systems (HEMS) Manufacturers

4. Global Home Energy Management Systems (HEMS) Market, By Product Type, 2013 – 2022, (US$ Mn)
4.1. Pac-Man Analysis
4.2. Control Devices (Lighting Control Systems, Thermostats, Smart Plugs, etc.)
4.3. User Interface Devices (Home Energy Display, Web Dashboard, etc.)

5. Global Home Energy Management Systems (HEMS) Market, By Technology, 2013 – 2022, (US$ Mn)
5.1. Tornado Analysis
5.2. Wi-Fi
5.3. ZigBee
5.4. Z-Wave
5.5. Others (Wireless M-Bus, Insteon, X10, etc.)

6. North America Home Energy Management Systems (HEMS) Market, 2013 – 2022 (US$ Mn)
6.1. Overview
6.2. North America Home Energy Management Systems (HEMS) Market, By Product Type, 2013 – 2022 (US$ Mn)
6.2.1. Pac-Man Analysis
6.2.2. Control Devices (Lighting Control Systems, Thermostats, Smart Plugs)
6.2.3. User Interface Devices (Home Energy Display, Web Dashboard, etc.)
6.3. North America Home Energy Management Systems (HEMS) Market, By Technology, 2013 – 2022 (US$ Mn)
6.3.1. Pac-Man Analysis
6.3.2. Tornado Analysis
6.3.3. Wi-Fi
6.3.4. ZigBee
6.3.5. Z-Wave
6.3.6. Others (Wireless M-Bus, Insteon, X10, etc.)
6.4. North America Home Energy Management Systems (HEMS) Market, By Country 2013 – 2022 (US$ Mn)
6.4.1. U.S.
6.4.2. Rest of North America

7. Europe Home Energy Management Systems (HEMS) Market, 2013 – 2022 (US$ Mn)
7.1. Overview
7.2. Europe Home Energy Management Systems (HEMS) Market, By Product Type, 2013 – 2022 (US$ Mn)
7.2.1. Pac-Man Analysis
7.2.2. Control Devices (Lighting Control Systems, Thermostats, Smart Plugs)
7.2.3. User Interface Devices (Home Energy Display, Web Dashboard, etc.)
7.3. Europe Home Energy Management Systems (HEMS) Market, By Technology, 2013 – 2022 (US$ Mn)
7.3.1. Pac-Man Analysis
7.3.2. Tornado Analysis
7.3.3. Wi-Fi
7.3.4. ZigBee
7.3.5. Z-Wave
7.3.6. Others (Wireless M-Bus, Insteon, X10, etc.)
7.4. Europe Home Energy Management Systems (HEMS) Market, By Region 2013 – 2022 (US$ Mn)
7.4.1. EU7 (U.K., France Germany, Spain, Italy, Netherlands, Belgium)
7.4.2. CIS
7.4.3. Rest of Europe

8. Asia Pacific Home Energy Management Systems (HEMS) Market, 2013 – 2022 (US$ Mn)
8.1. Overview
8.2. Asia Pacific Home Energy Management Systems (HEMS) Market, By Product Type, 2013 – 2022 (US$ Mn)
8.2.1. Pac-Man Analysis
8.2.2. Control Devices (Lighting Control Systems, Thermostats, Smart Plugs)
8.2.3. User Interface Devices (Home Energy Display, Web Dashboard, etc.)
8.3. Asia Pacific Home Energy Management Systems (HEMS) Market, By Technology, 2013 – 2022 (US$ Mn)
8.3.1. Pac-Man Analysis
8.3.2. Tornado Analysis
8.3.3. Wi-Fi
8.3.4. ZigBee
8.3.5. Z-Wave
8.3.6. Others (Wireless M-Bus, Insteon, X10, etc.)
8.4. Asia Pacific Home Energy Management Systems (HEMS) Market, By Country 2013 – 2022 (US$ Mn)
8.4.1. China
8.4.2. Japan
8.4.3. India Subcontinent
8.4.4. Rest of Asia Pacific

9. Rest of World Home Energy Management Systems (HEMS) Market, 2013 – 2022 (US$ Mn)
9.1. Overview
9.2. Rest of World Home Energy Management Systems (HEMS) Market, By Product Type, 2013 – 2022 (US$ Mn)
9.2.1. Pac-Man Analysis
9.2.2. Control Devices (Lighting Control Systems, Thermostats, Smart Plugs)
9.2.3. User Interface Devices (Home Energy Display, Web Dashboard, etc.)
9.3. Rest of World Home Energy Management Systems (HEMS) Market, By Technology, 2013 – 2022 (US$ Mn)
9.3.1. Pac-Man Analysis
9.3.2. Tornado Analysis
9.3.3. Wi-Fi
9.3.4. ZigBee
9.3.5. Z-Wave
9.3.6. Others (Wireless M-Bus, Insteon, X10, etc.)
9.4. Rest of World Home Energy Management Systems (HEMS) Market, By Region 2013 – 2022 (US$ Mn)
9.4.1. Latin America
9.4.2. Middle East and Africa

10. Profiles
10.1. Panasonic Corporation
10.2. Honeywell International, Inc.
10.3. Nest Labs, Inc.
10.4. General Electric Company
10.5. Vivint, Inc.
10.6. Alarm.com
10.7. Ecobee
10.8. EnergyHub, Inc.
10.9. Comcast Cable
10.10. EcoFactor, Inc.
10.11. Cisco Systems, Inc.