Global Home Energy Management System (HEMS) market to grow at a CAGR of 26.7% over the period 2015-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global Home Energy Management System (HEMS) market to grow at a CAGR of 26.7 percent over the period 2013-2018.A HEMS allows homeowners to monitor and reduce the energy consumption of electrical and electronic devices at home and hence to conserve energy. With HEMS, energy consumption can easily be monitored by using cellphones, tablets, or other communicating devices. It can also help in power management by tracking real-time energy consumption and comparing it with the historical data of many electronic devices. HEMS helps in improving the communication between communications devices and consumer.
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HEMS allow homeowners to monitor and reduce the energy consumption of electrical and electronic devices at home and conserve energy. With the help of HEMS, energy consumption can be easily monitored by cellphones, tablets, or other communication devices. They help in power management by tracking the real-time energy consumption of electronic devices and comparing it with historical data. It aims to improve the communication between the tool and the consumer.
"The emergence of smart grids facilitates the growth of several technologies, which include those deployed in the Global HEMS market,".
"Smart grid solutions for managing data include smart grid applications such as smart meters, supervisory control and data acquisition systems, HANs, and IT networks."
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Covered in this Report
In terms of products, the Global HEMS market can be segmented into five: Lighting Controls, Self-monitoring Systems and Services, Programmable Communicating Thermostats, Intelligent HVAC Controllers, and Advance Central Controllers.
Global HEMS Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global HEMS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Market Drivers
Increased Need for Saving Energy
Construction of Smart Grids
Need to Optimize Energy Consumption
Demand for Increased Comfort Levels
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Key Market Trends
Increased Usage of Computer-based Systems in Residential Sector
Development of User-friendly Programming Platforms
Growth of Global Economy
Key Market Vendors
Cisco Systems Inc.
Freescale Semiconductor Inc.
Honeywell International Inc.
Schneider Electric SA
To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.