Home Energy Management Systems Market to Grow at CAGR of 27% to 2019
The need for energy conservation will drive the market
LONDON — 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.
The need for energy conservation will drive the market, as energy management is considered the most effective method to reduce usage in the residential sector. The various processes involved include recording, normalizing, analyzing, targeting, monitoring, reporting, and controlling.