Insights Into the World Market for Home Energy Management Systems (2019-2024): Focus on Product, Communication Technology, Software & Service, and Region

Dublin, July 03, 2019 (GLOBE NEWSWIRE) -- The "Home Energy Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global home energy management systems market was worth US$ 1.6 Billion in 2018. Looking forward, the market value is projected to reach US$ 4.4 Billion by 2024, exhibiting a CAGR of around 17% during 2019-2024.

This report provides a deep insight into the global home energy management systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.

Catalyzed by rising awareness among consumers towards the sustainable use of energy resources, a strong growth has been witnessed in the demand of energy efficient appliances and home energy management systems. Consumers are realizing that these systems are not only helping in reducing energy expenses, but are also playing a major part in making the available energy resources more sustainable.

Other major factor driving the home energy management systems market include rising penetration of the internet across both developed and developing economies, increasing role of Internet of Things (IoT) and Big Data in energy management, growing market for smart homes, etc.

Market Summary

  • Based on the product type, the market has been segmented into lighting controls, self-monitoring systems and services, programmable communicating thermostats, advanced central controllers and intelligent HVAC controllers. Lighting controls currently represent the biggest segment.
  • Based on the communication technology, the market has been segmented into Z-Wave, Zigbee, Wi-Fi and other communication technologies.
  • Based on the software & service type, the market has been segmented into behavioral and proactive.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined with some of the key players being Honeywell International, Nest Labs, Vivint, General Electric, Ecobee,, Comcast Cable (Xfinity), Panasonic Corporation, Ecofactor and Energyhub.

Key Topics Covered

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Home Energy Management Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Communication Technology
5.5 Market Breakup by Software AG & Service
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes

6 Market Breakup by Product
6.1 Lighting Controls
6.2 Self-Monitoring Systems and Services
6.3 Programmable Communicating Thermostats
6.4 Advanced Central Controllers
6.5 Intelligent HVAC Controllers

7 Market Breakup by Communication Technology
7.1 Z-Wave
7.2 Zigbee
7.3 Wi-Fi
7.4 Others

8 Market Breakup by Software AG & Service
8.1 Behavioral
8.2 Proactive

9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Honeywell International, Inc.
10.3.2 Nest Labs, Inc.
10.3.3 Vivint, Inc.
10.3.4 General Electric
10.3.5 Ecobee, Inc.
10.3.7 Comcast Cable (Xfinity)
10.3.8 Panasonic Corporation
10.3.9 Ecofactor, Inc.
10.3.10 Energyhub, Inc.

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Related Topics: Utilities, Electricity