Home Energy Management System Market Worth $3.15 Billion by 2022
North America held the largest market share in 2015, Asia-Pacific expected to hold the major share by 2022
PUNE, India — 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.
The HEMS market is expected to grow substantially because of such factors as the ability to provide real-time energy conservation, the convenience of cloud computing and data analytics, and increased device interconnectivity.