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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 8.25 billion by 2029 | 16.18% | North America |
| By Component | By Communication Technology | By Product Type |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Home Energy Management System Market Overview
The global home energy management system size was valued at USD 2.14 billion in 2020, and projected to reach USD 8.25 billion by 2029, with a CAGR of 16.18% from 2022 to 2029.
A home energy management system is a collection of hardware and software components that work together to efficiently control a house’s energy consumption. The HEMS connect three separate sectors inside a home: home appliances, metering, and the communication network.
The key piece of hardware is the HEMS’s central unit, which is required for the system to work. This device is located on the main electrical switchboard of the home, which is in charge of distributing electricity throughout the house. It serves as a hub for all communications and data transfer among energy management devices, the user, and home appliances. Photovoltaic batteries, smart meters and switches, sensors, and other energy management equipment are examples of hardware. A home energy management system software regulates data and communications from devices and the user. It makes advantage of the communication network to transfer information between the HEMS, the provider, and the user. Apart from that, the programme includes an algorithm that analyses energy usage data and looks for chances to optimize it.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Component, By Communication Technology, By Product Type, By Region. |
| By Component |
|
| By Communication Technology |
|
| By Product Type |
|
| By Region |
|
End users may monitor and regulate energy usage in the home with a home energy management system by using mobile phones, tablets, and other communication tools to obtain real-time data on energy consumption. The home energy management system also provides updates on changing power costs to assist users in using less energy during peak hours. The rising cost of energy has raised the demand for energy management. The worldwide Home Energy Management System market is developing as a consequence of increased expenditures in smart grids and improved energy management awareness.
The worldwide home energy management market is expected to increase significantly over the projected period. Rising demand for energy-efficient solutions, increased urbanization in developing economies, and an increase in the number of connected devices via the Internet of Things are driving the expansion of the home energy management market. The increased awareness of housing development in these nations has resulted in a growing need for enhanced housing infrastructure. This would result in the installation of home energy management systems.
The growing popularity of renewable energy sources like solar panels creates a big potential for the Home Energy Management System (HEMS) sector. HEMS devices may be used in conjunction with solar panels to monitor energy output and consumption, allowing homeowners to optimize their energy use and lessen their reliance on the grid. HEMS may also be used to store extra solar energy in batteries, which can then be used during peak hours or when the sun isn’t shining, minimizing the need to use the grid.
In terms of possible invasion of privacy, the home energy management system industry faces a serious risk. To function properly, the system of devices must stay linked to a communication network, exposing them to the danger of hacking and personal information theft. With the rise in the number of linked devices globally as a result of home energy management system technology, all Wi-Fi-enabled gadgets are now powered by cloud technology, raising privacy issues. These security and privacy issues may have a negative influence on home energy management system adoption, potentially hurting the market throughout the projected period.
Home Energy Management System Market Segment Analysis
By Component – Throughout the projection period, the Hardware category is predicted to develop at the quickest CAGR of 8.5%. There is a large range of energy monitoring hardware available, including applications for communication, sensing, and machine learning methods. Some of the hardware components of energy management systems include in-home displays, metres, thermostats, load control switches, sensors, and smart plugs. Some of the auxiliary equipment is incorporated in the Home Energy Management System hardware.
By communication technology – Throughout the projection period, the ZigBee sector is predicted to develop at the quickest CAGR of 6.4%. As these modules are widely used to track how much energy is consumed by lighting and appliances in houses, the market for ZigBee-powered home energy management systems is likely to rise. ZigBee is a low-cost, wireless mesh networking protocol. The technology’s low power consumption enhances battery life with smaller batteries and makes it broadly useful in wireless control and monitoring applications due to its inexpensive cost.
By Product Type – Throughout the forecast period, the lighting controls sector of the global home energy management system market is predicted to rise fast. The market for lighting control systems is being pushed by falling lighting control device prices, a greater emphasis on energy-efficient lighting systems, and rising consumer, government, and industry awareness of energy conservation.
Home Energy Management System Market Players
The global market is fragmented in nature with the presence of various key players such as Capgemini Service SAS, Carrier Global Corp., Cisco Systems Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Intel Corp., Johnson Controls International Plc., Lennox International Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.
Industry Development:
- March 9, 2023 – Schneider Electric, a pioneer in the digital transformation of energy management and automation, had introduced new solutions to improve building sustainability. New integration features in EcoStruxure Building Operation 2023, EcoStruxure Connected Room Solutions, and EcoStruxure Power Monitoring Expert are included, which will simplify and accelerate access to data needed to control energy usage, decrease carbon emissions, and increase building value.
- February 28, 2023 – To enhance indoor air quality, dual treatment technique using a carbon core and UV light is used. Carrier has added the Carbon Air Purifier with UV to its Healthy Homes offering in North America. The new technology provides air filtration to assist in the reduction of undesirable smells, volatile organic compounds, and typical home pollutants from indoor air.
- January 12, 2023 — Emerson, a global technology and software firm, has been named the IoT Breakthrough 2023 “Industrial IoT Company of the Year” for the fifth time, after honours in 2018, 2019, 2020, and 2022. The strength of Emerson’s industry-leading Plantweb digital ecosystem, which now incorporates the AspenTech (NASDAQ: AZPN) portfolio of plant optimization software solutions, is recognised in this year’s award.
Who Should Buy? Or Key Stakeholders
- HEMS chips and hardware device providers
- HEMS technology providers
- HEMS software and service providers
- Energy conservation related associations
- Distributors and retailers
- Utilities
- Governments and regulatory bodies
- Homeowners and businesses
- Others
Home Energy Management System Market Regional Analysis
Geographically, the home energy management system market is segmented into North America, South America, Europe, Asia Pacific and Middle East & Africa.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America held the highest market share (38%) in the Home Energy Management System market in 2021, followed by Europe. The extensive use of home energy management systems, as well as growing public awareness of this technology, are expected to drive up demand in North America. The adoption of smart metres and the development of systems to monitor and regulate power use are expected to stimulate demand for home energy management systems in the region.
Europe is predicted to increase significantly throughout the projection period as more renewable energy sources and energy-efficient solutions are adopted. Germany is predicted to have the greatest market share in this area, with roughly 28%.
Key Market Segments: Home Energy Management System Market
Home Energy Management System Market By Component, 2020-2029, (USD Billion)
- Hardware
- Software
- Services
Home Energy Management System Market By Communication Technology, 2020-2029, (USD Billion)
- Z-Wave
- Zigbee
- Wi-Fi
- Homeplug
- Others
Home Energy Management System Market By Product Type, 2020-2029, (USD Billion)
- Self-Monitoring Systems
- Lighting Controls
- Programmable Communicating Thermostats
- Advanced Central Controllers
- Intelligent HVAC Controllers
- Others
Home Energy Management System Market By Region, 2020-2029, (USD Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the home energy management system market over the next 7 years?
- Who are the major players in the home energy management system market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the home energy management system market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on home energy management system market?
- What is the current and forecasted size and growth rate of the global home energy management system market?
- What are the key drivers of growth in the home energy management system market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the home energy management system market?
- What are the technological advancements and innovations in the home energy management system market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the home energy management system market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the home energy management system market?
- What are the service offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- HOME ENERGY MANAGEMENT SYSTEM MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON HOME ENERGY MANAGEMENT SYSTEM MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- HOME ENERGY MANAGEMENT SYSTEM MARKET OUTLOOK
- GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT, 2020-2029, (USD BILLION)
- HARDWARE
- SOFTWARE
- SERVICES
- GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY, 2020-2029, (USD BILLION)
- Z-WAVE
- ZIGBEE
- WI-FI
- HOMEPLUG
- OTHERS
- GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE, 2020-2029, (USD BILLION)
- SELF-MONITORING SYSTEMS
- LIGHTING CONTROLS
- PROGRAMMABLE COMMUNICATING THERMOSTATS
- ADVANCED CENTRAL CONTROLLERS
- INTELLIGENT HVAC CONTROLLERS
- OTHERS
- GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGION, 2020-2029, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
9.1 CAPGEMINI SERVICE SAS
9.2 CARRIER GLOBAL CORP.
9.3 CISCO SYSTEMS INC.
9.4 EMERSON ELECTRIC CO.
9.5 GENERAL ELECTRIC CO.
9.6 HONEYWELL INTERNATIONAL INC.
9.7 INTEL CORP.
9.8 JOHNSON CONTROLS INTERNATIONAL PLC.
9.9 LENNOX INTERNATIONAL INC.
9.10 PANASONIC HOLDINGS CORP.
9.11 ROBERT BOSCH GMBH
9.12 SCHNEIDER ELECTRIC SE
9.13 SIEMENS AGÂ *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â UK HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â RUSSIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â UAE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â UAE HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â UAE HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â UAE HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGIONS (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGION (USD BILLION) 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT (USD BILLION) 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY PRODUCT TYPE (USD BILLION) 2021
FIGURE 18Â Â Â Â Â Â Â Â Â Â GLOBAL HOME ENERGY MANAGEMENT SYSTEM MARKET BY REGION (USD BILLION) 2021
FIGURE 19Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â EUROPE HOME ENERGY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HOME ENERGY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC HOME ENERGY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA HOME ENERGY MANAGEMENT SYSTEM MARKET SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 25Â Â Â Â Â Â Â Â Â Â CAPGEMINI SERVICE SAS: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CARRIER GLOBAL CORP.: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â CISCO SYSTEMS INC.: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â GENERAL ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â INTEL CORP.: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â JOHNSON CONTROLS INTERNATIONAL PLC.: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â PANASONIC HOLDINGS CORP.: COMPANY SNAPSHOT
FIGURE 35Â Â Â Â Â Â Â Â Â Â ROBERT BOSCH GMBH: COMPANY SNAPSHOT
FIGURE 36Â Â Â Â Â Â Â Â Â Â SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT
FIGURE 37Â Â Â Â Â Â Â Â Â Â SIEMENS AG: COMPANY SNAPSHOT
FAQ
The home energy management system market is expected to reach USD 3.36 billion by the end of 2023.
Integration with smart home devices is the ongoing trend observed.
The global home energy management system size was valued at USD 2.14 billion in 2020, and projected to reach USD 8.25 billion by 2029, with a CAGR of 16.18% from 2022 to 2029.
The North America dominated the global industry in 2021 and accounted for the maximum share of more than 38% of the overall revenue.
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