Home Energy Management Systems Market Analysis, Size, Share, Growth and Forecast to 2020 - Hexa Research

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Home Energy Management Systems Market Research Report Global Industry Analysis, Size, Growth and Forecasts To 2020
Increasing usage of home energy and use of renewable energy has made the manufacturers to
realize the requirement for optimum energy management systems. The main need to conserve
and optimize energy utilization is estimated to boost the home energy management systems
market. Home energy management systems are devices which enables users to monitor and
manage the electricity consumption. Increasing electricity prices and thus rises in need for
energy management is anticipated to drive the market over the forecast period. Favorable
policies by manufactures such as variable pricing schemes in order to make customer aware
about the efficient uses of HEMS is estimated to provide positive avenues to the market growth
over the next five years.
Strict U.S. government policies concerning energy efficiency and conservation are also
estimated to fuel the HEMS market over the forecasted period. Home appliances coordination
proposal for Distributed Energy Resources (DER) and energy management with different
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policies are major HEMS market drivers. High cost, complexity I installing the device and lack of
awareness are estimated to hinder the market growth over the next five years. Increasing
demand for Energy-based smart phones is likely to provide positive avenues to the market
growth.
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Technology Insights
On the basis of technology the HEMS market is categorized into Zigbee, HomePlug, Wi-Fi,
Wireless M-Bus and Z-Wave. Wi-Fi technology reduces wiring cost and we can use the devices
at any place within specified Wi-Fi signal range. Since this technology has many benefits, the
usage of Wi-Fi is increasing globally due this Wi-Fi market is expected to have favourable
market growth rate in the coming years. HomePlug segment offers broadband applications such
as gaming, internet content, low-power, IPTV and low-throughput for in-resedential
communication between electric systems and appliances. ZigBee technology is the promising
standard for wireless networks. This standard supports the various needs to government
groups, product manufacturers and utilities. Hence, the market is estimated to grow owing to
increasing usage of Wi-Fi technology over the next five years.
Component Insights
Based on component, the HEMS market is categorized into user interface, control devices and
enabling technologies. Enabling technologies for HEMS include sensors, communications and
data acquisition devices. User interfaces offer energy feedback to customers, and essential
information with partial processing to people such as real-time data on energy utilization.
Control devices enable consumer or the utility to manage energy use, with unreliable degree of
automation. These include smart plugs, smart power strips, thermostats, lighting control with
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remotes and motion sensors. HEMS solutions are estimated to become a significant element of
solutions for the prospect of smart energy model.
Regional Insights
North America and Europe market is expected to grow at a significant rate owing to technology
advancement. The HEMS market in Europe is estimated to grow significantly due to smart
meter mandates by utilities and consumer retention motivations. Asia-Pacific is expected to
grow significantly owing to growing infrastructure, urbanization trends and technological
advancements in developing countries such as India and China. Increase usage of consumer
electronic goods is the major factor which is expected to drive the market growth in Asia Pacific
region.
Competitive Insights
The key market and niche players include Cisco Systems Inc., Sharp Corporation, Panasonic
Corporation, Intel Corporation, Honeywell International, General Electric Co and others. Market
participants enter into mergers & acquisitions to sustain in the market.
Table of Contents
Chapter 1 Executive Summary
1.1 HEMS- Industry Summary & Critical Success Factors (CSFs)
Chapter 2 HEMS Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 HEMS Value Chain Analysis
2.4 HEMS Market Dynamics
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2.4.1 Key Driver Analysis
2.4.1.1 Increased connectivity and growing smartphone applications
2.4.1.2 Demand for optimum energy management
2.4.1.3 Wider use of variable pricing schemes
2.4.2 Key Restraint Analysis
2.4.2.1 Lack of awareness
2.4.2.2 High installation cost and complexity
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 HEMS - Company Market Share Analysis, 2013
2.8 HEMS - PESTEL Analysis
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Home Energy Management Systems (HEMS) Market Analysis, By Technology (Wi-Fi, ZigBee, Wireless M-Bus, HomePlug, Z-Wave), By Component (Enabling Technologies, User Interface, Control Devices) And Segment Forecasts from 2012 To 2020