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.
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.
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.