Global Home Energy Management Systems Market Growth (Status and Outlook) 2023-2029

Global Home Energy Management Systems Market Growth (Status and Outlook) 2023-2029

Home Energy Management Systems are devices that are installed in residential buildings to enable the provision of feedback on electricity consumption patterns and power consumption data for individual appliances. These systems perform pre-programmed functions, such as maintaining the temperature of houses. In addition, Home Energy Management Systems not only provide demand-response prompts from utility loads but also provide data about loads generated by microgrids. The data generated are provided to users, wherein they can view their energy consumption patterns and compare them with historical data.

LPI (LP Information)' newest research report, the “Home Energy Management Systems Industry Forecast” looks at past sales and reviews total world Home Energy Management Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Home Energy Management Systems sales for 2023 through 2029. With Home Energy Management Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Home Energy Management Systems industry.

This Insight Report provides a comprehensive analysis of the global Home Energy Management Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Home Energy Management Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Home Energy Management Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Home Energy Management Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Home Energy Management Systems.

The global Home Energy Management Systems market size is projected to grow from US$ 1656.8 million in 2022 to US$ 3416.5 million in 2029; it is expected to grow at a CAGR of 10.9% from 2023 to 2029.

North America accounted for the largest share of the Home Energy Management System Market in 2017, followed by Europe and Asia-Pacific. The U.S. is expected to dominate the HEMS market in North America. The market for proactive solution under the software and service segment is expected to grow at the highest rate for HEMS, during the forecast period. The latest HEMSs come along with analytical software and solutions. The integration of data analytics with HEMS can be benchmarked and it enables the comparison of previous performance with actual energy usage. This proves to be a driving factor for the HEMS market to grow.

This report presents a comprehensive overview, market shares, and growth opportunities of Home Energy Management Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Software
Hardware
Service

Segmentation by application
Department
Private House
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Schneider Electric
Siemens
Honeywell
Johnson Controls
GridPoint
General Electric
Emerson Electric Electric
Eaton Corporation
Azbil
Cylon Controls
Tongfang Technovator

Please note: The report will take approximately 2 business days to prepare and deliver.