In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Home Energy Management Systems market for 2018-2023.
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.
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.
Over the next five years, LPI(LP Information) projects that Home Energy Management Systems will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Energy Management Systems market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
GE Appliances and Lighting
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Home Energy Management Systems consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Home Energy Management Systems market by identifying its various subsegments.
Focuses on the key global Home Energy Management Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Home Energy Management Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Home Energy Management Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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