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Home Energy Management Systems (HEMS) Market Expected To Grow $2 Billion By 2020:Grand View Research Business Articles | July 19 Wholesale Arron Afflalo Jersey , 2016

New Market Research Reports Title “Home Energy Management Systems (HEMS) Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database



The Global Home Energy Management Systems (HEMS) Market?is expected to exceed USD 2 billion by 2020, according to a new study by Grand View Research, Inc. Owing to increasing energy cost coupled with growing environmental concerns Wholesale Brandon Jennings Jersey , energy management has emerged as a significant priority, which is expected to fuel the HEMS market. The need to conserve and optimize energy utilization is expected to serve as a key market driver. Increased connectivity and widespread adoption of smartphones is also expected to favorably impact the market growth. Energy management products demand has gained momentum over the last few years owing to use of variable pricing schemes offered by service providers. Favorable regulatory initiatives in the U.S. pertaining to energy conservation are expected to propel regional HEMS market growth.


High installation cost coupled with system complexity is expected to pose a challenge to market growth over the forecast period. Lack of consumer awareness regarding home energy management systems and the benefits they offer may also hinder the HEMS market. Technological proliferation along with decreased sensor and display costs, improved device-level information processing capability Wholesale Lance Stephenson Jersey , and roll-out of smart utility meters provide avenues for market growth.


Browse full research report on Global Home Energy Management Systems (HEMS) Market:?http:www.grandviewresearchindustry-analysissm...ergy-management


Further key findings from the study suggest:

Wi-Fi emerged as the dominant segment in 2013; it is expected to continue accounting for considerable market share over the forecast period. ZigBee, a standard for wireless networks, is expected to be a high growth segment over the forecast period. This can be attributed to its ability to support needs of various utilities Wholesale Langston Galloway Jersey , government groups and product manufacturers. The HEMS market is dominated by control devices and systems; these include thermostats, whole home lighting systems and home automation systems. Enabling technologies are expected to witness high growth over the next six years due to popularity of technologies such as home area network, ZigBee and sensing. On account of favorable government initiatives and growing need to address issues related to aging infrastructure Wholesale Derrick Rose Jersey , North America is expected to emerge as the most dominant regional market over the forecast period. Smart meter mandates by utilities is primarily expected to drive the HEMS market in Europe. Key market participants include Intel Corporation, Panasonic Corporation, Cisco Systems Inc Wholesale Carmelo Anthony Jersey , General Electric Co. and Honeywell International. Innovations and extensive product development are expected to be the key growth strategies over the forecast period.

Read detailed report or request for sample of this research report:?
www.grandviewresearchindustry-analysissm...nagementrequest


For the purpose of this study, Grand View Research has segmented the global HEMS market on the basis of technology, component and region:


HEMS Technology Outlook (Revenue Wholesale Kristaps Porzingis Jersey , USD Million, 2012 - 2020)
? ? • Wi-Fi
? ? • ZigBee
? ? • Wireless M-Bus
? ? • HomePlug
? ? • Z-Wave
? ? • Others
HEMS Component Outlook (Revenue, USD Million Cheap Michael Beasley Jersey , 2012 - 2020)
? ? • Enabling Technologies
? ? • User Interface
? ? • Control Devices
HEMS Regional Outlook (Revenue, USD Million, 2012 - 2020)
? ? • North America
? ? • Europe
? ? • Asia Pacific
? ? • RoW


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