Market Report, "Home Energy Management System Market - Global Forecast To 2022", published

From: Fast Market Research, Inc.
Published: Tue May 10 2016


Home Energy Management System Market By Hardware (Control Device, Display/ Communication Device), By Communication Technology (Z-wave, Zigbee, I-fi) And By Software & Service (Behavioral, Proactive) - Global Forecast To 2022

Global HEMS- market size and drivers:

The global market for HEMS is expected to grow at a CAGR of 18.36% between 2016 and 2022 from USD 864.2 million in 2015 to USD 3.15 billion by 2022. The market is expected to be driven by the increasing real-time energy conservation approach, convenience of cloud computing and data analytics, and increased device interconnectivity.

ZigBee technology is expected to grow at the highest rate in the HEMS market

With the growing potential and awareness the ZigBee protocol is expected to grow at a faster pace. As it can be structured in a variety of topologies such as mesh, stellate, and tree, ZigBee is widely preferred by most of the HEMS providers. ZigBee is preferred for applications related to low data rate, long battery life, and secure networking. As a result of the advanced features and excellent compatibility provided by this protocol, most of the Fortune 500 companies are supporting and joining the ZigBee alliance. This factor is expected to have a high influence on the high growth of ZigBee technology across the globe, during the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1152308_home_energy_management_system.aspx?afid=301

North Americas and Asia-Pacific are major markets

North America accounted for the largest share of the global HEMS market in 2015 because of the growing necessity of energy conservation in the homes and better and customized services provided by the HEMS providers in the U.S., Canada, and Mexico. The HEMS market in Asia-Pacific, however, is expected to grow at the highest rate. This region has a considerable market in countries such as China, Japan, Australia, and the Rest of APAC (RoAPAC). Currently, Japan is considered to be a huge market for HEMS because of the considerable implementation rate of various control devices such as lighting controllers and smart meters in this country. Economies such as Australia, China, India, Singapore, and Malaysia among others are expected to grow at a high growth rate for home automation products during the forecast period.

In the process of determining and verifying the market size for several segments and sub-segments gathered through the secondary research, extensive primary interviews were conducted with key people in the HEMS industry. The break-up of primary participants for the report is shown below:

* By Company type - Tier 1- 55%, Tier 2 - 20%, and Tier 3 - 25%
* By Designation - C-level - 43%, Manager level - 32%, and others - 25%
* By Region - North America - 60%, Europe - 25%, Asia-Pacific - 10%, and RoW - 5%

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Battery Energy Storage System Market - Global Forecast to 2022
- HVAC Controls Market - Global Trend and Forecast to 2022
- Building Automation System Market - Global Forecasts to 2022
- Ambient Assisted Living and Smart Home Market - Global Trend & Forecast to 2020
- Internet of Things (IoT) in Energy Market - Global Forecast to 2020

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »