Home Energy Management Systems (HEMS) Market By Product Type (Control Devices, User Interface Devices), By Technology (Wi-Fi, ZigBee, Wave) - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022

Increasing electricity expense resulting in need for optimum energy management is identified as the major factor driving the home energy management systems market. However, lack of awareness regarding the benefits offered by these systems coupled with 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 towards a compounded annual growth rate (CAGR) of 22.3% during the forecast period 2015 – 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 in terms of product type, technology, and geographical distribution. On the basis of technology, the market is segmented into Wi-Fi, ZigBee, Z-Wave, and other technologies (Insteon, X10, Wireless M-Bus, etc.). Similarly, on the basis of 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, Middle East and Africa and 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 with in-depth insights to enable them 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

USP and Key Offerings

The report titled “Global Home Energy Management Systems (HEMS) Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global home energy management systems (HEMS) market along with the market size and estimates for the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on product type, technology, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading home energy management system (HEMS) manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the home energy management systems (HEMS) market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Value Chain Analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis

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, keeping in mind the above mentioned factors.

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.

On the basis of product type (hardware), the global home energy management systems (HEMS) market is categorized into 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.)

The contribution of these product segments to the global home energy management systems (HEMS) market in 2014 and 2022 is as shown in the figure below

In the base year of 2014, the control devices segment comprising home automation systems, home lighting control systems, thermostats, smart plugs, and smart appliances among others was the largest contributor to the global home energy management systems (HEMS) market. The trend is expected to continue during the forecast period 2015 – 2022, with the said segment retaining its dominant position. Although the control device segment is expected to continue their dominance, the user interface device segment covering in-home display units and web dashboard/ portals is expected to exhibit maximum growth over the forecast period 2015 – 2022. The segment (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, declining cost of displays and thus display products is expected to have positive impact on market momentum during the forecast period 2015 - 2022.

On the basis of technology deployed, the global home energy management systems (HEMS) market is categorized into following segments:

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

The contribution of these communication technologies to the global home energy management systems (HEMS) market in 2014 and 2022 is as shown in the figure below

In the base year of 2014, Wireless-Fidelity (Wi-Fi) and ZigBee were the major 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 since the integrated technology using Wi-Fi as the back-bone 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 on account of the growing demand from the emerging markets and regulated demand from the developed economies like North America and Europe. The ZigBee technology is easy to use and can be 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 during the forecast period 2015 – 2022.

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

• North America
  • U.S.
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • Indian Subcontinent
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global home energy management systems (HEMS) market in 2014 is as shown in the figure below.

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