North America held the largest market share in 2015, Asia-Pacific expected to hold the major share by 2022
March 8, 2016
The global home energy management system (HEMS) market is forecast to grow from $864.2 million in 2015 to $3.15 billion in 2022, increasing at a compound annual growth rate (CAGR) of 18.36 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
Global Market Expected to Peak in 2020 Following Great Britain’s Government-Mandated Smart Meter Rollout
March 9, 2015
Shortly after Google purchased Nest Labs in January 2014, home energy management stakeholders began reporting increased market activity, as the acquisition signaled to vendors, utilities, service providers, and retailers that the value in home energy management was finally gaining recognition, notes Navigant Research.
Google’s Purchase of Nest Has Provided a Boost to the Market
December 15, 2014
After years of sputtering growth, the home energy management (HEM) market has begun to gather momentum, notes Navigant Research. Product vendors, utilities, service providers, retailers, and other stakeholders report increasing activity, and there are signs of growing awareness among consumers.
North America Is Expected to Emerge as the Most Dominant Regional Market
November 17, 2014
The global home energy management systems (HEMS) market is expected to exceed $2 billion by 2020, according to a new study by Grand View Research. Owing to increasing energy cost coupled with growing environmental concerns, energy management has emerged as a priority, which is expected to fuel the HEMS market.
The Need to Conserve and Optimize Energy Utilization Is Expected to Increase Demand
August 25, 2014
According to a new report on the home energy management systems (HEMS) market, the market was valued at $393.8 million in 2012, and it is expected to reach USD $1.9 billion by 2019, growing at a compound annual growth rate (CAGR) of 25 percent from 2013 to 2019.
Non-Utility Providers and Smart Thermostats to Help Drive Steady Growth
March 17, 2014
Until 2012, home energy management systems struggled to gain market traction, noted Navigant Research. More recently, however, non-utility stakeholders have moved into this segment, increasing awareness of new tools and helping to drive steady growth.
As This Market Grows, Software Platforms and Analytics Will Play an Important Role
January 1, 2014
The home energy management (HEM) market has struggled to gain traction, particularly from a utility standpoint, says Navigant Research. However, HEM systems have picked up momentum since early 2012, as non-utility stakeholders have moved in and started to lay the groundwork for growth.
With the groundwork for growth in place, the global installed base of homes with home energy management (HEM) systems, either standalone or networked, is forecast to grow from 4 million in 2013 to 87 million in 2022, according to a new report from Navigant Research.