The need for energy conservation will drive the market
August 25, 2015
The global home energy management systems (HEMS) market is forecast to grow at a compound annual growth rate (CAGR) of nearly 27 percent from 2015 to 2019, according to a new market research report published by Technavio.
Industrial Energy Management Systems Are the Largest Revenue Generating Segment
March 31, 2015
The global energy management systems (EMS) market is expected to reach $44.4 billion by 2020, registering a compound annual growth rate (CAGR) of 13.75 percent from 2014 to 2020, according to a new report by Allied Market Research.
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.
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.
Early Devices such as Smart Thermostats Provide a Gateway to Further Adoption of Home Automation
October 2, 2013
Currently valued at $1.5 billion, but with only 1.5 to 2.5 percent penetration in most states, the home energy management systems (HEMS) market is poised for significant growth, according to a report by GTM Research. The firm forecasts that the U.S. HEMS market will be worth over $4 billion by 2017.
Shipments of home energy management (HEM) systems, both standalone and networked, are forecast to rise steadily over the remainder of this decade, and the installed base of households with HEM systems will grow to more than 40 million in 2020, according to a report from Pike Research.