Global Market Research Report on Home Energy Management Systems Market 2016 is a professional and in-depth complete study on the current state of the Home Energy Management Systems worldwide.

Deerfield Beach, FL -- (SBWire) -- 03/13/2017 --The nwe report on world Home Energy Management system (HEMS) market is segmented on the basis of available product types, communication technology and geography. Based on components, the HEMS market is segmented into hardware and software. Hardware is further bifurcated into sensor, controller & others. Furthermore, the market has been sectioned, based on communication technology, into ZigBee, Wi-Fi, home plug and others. The world home energy management system (HEMS) market has been analyzed based on geographical regions, which include North America, Europe, Asia Pacific and LAMEA (Latin America Middle East and Africa). The key market players profiled in the report, include Schneider Electric, Panasonic Corporation, General Electric Company, Emerson Process Management and others.

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Home energy management system (HEMS) is an effective hardware and software system that facilitate home users to monitor and reduce energy consumption of the various electrical devices installed in their homes. Home energy management system comprises five different products, which assist in managing and reducing energy consumption. These products include self-monitoring systems, lighting controls, programmable communicating thermostats, advanced central controllers and intelligent HVAC controllers. With HEMS, end-user can access real-time energy consumption data through mobile phones, tablets, and other communication devices to monitor and manage energy consumption in the house. In addition, HEMS provides updates on fluctuating electricity prices to assist users to use less energy during peak hours. Presently, the spiraling energy prices have fostered the demand for energy management. The growth of the world HEMS market is mainly driven by the growing awareness of energy management and rising investment in smart grids. However, high cost of implementation of HEMS technology would impede the growth of the HEMS market.

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HOME Energy Management System Market Segmentation:

The home energy management system (HEMS) market is segmented based on component, technology and geography

Market by Component

Hardware
Sensor
Controller
Others
Software

Market by Communication Technology

ZigBee
Wi-Fi
Home plug
Others
Market by Geography
North America
Europe
Asia Pacific
LAMEA

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