The North America Home Energy Management System Market size is estimated at USD 3.86 billion in 2024, and is expected to reach USD 7.31 billion by 2029, growing at a CAGR of 13.58% during the forecast period (2024-2029).
A home energy management system (HEMS) combines hardware and software components to manage home energy usage efficiently. Compatible appliances can also be connected to a HEMS, allowing the user to control when appliances operate, including manually turning appliances off or on and setting up scheduled running times.
The North American home energy management system market is fragmented, with the presence of major market players like Robert Bosch GMBH, Rockwell Automation Inc., General Electric Company, Schneider Electric SE, and Eaton Corporation PLC. Market players are adopting strategies, such as partnerships and acquisitions, to enhance their product offerings and gain sustainable competitive advantage.
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