Improved
levels of Internet connectivity along with increasing global
penetration are what can boost the market in the years to come.
The
global home energy management (HEM) systems market was valued at
US$393.8 million in 2012. After showing a CAGR of 25.0% from 2013 to
2019, the market’s value is expected to reach US$1,909.4 million in
2019.
A
research report has been published by Transparency Market Research on
the HEM systems. “Home Energy Management Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 –
2019” reveals all statistical data about the HEM systems market
from a historical and future perspective.
Browse
the full Browse the full Home Energy Management Systems Market Report
at
http://www.transparencymarketresearch.com/home-energy-management-systems.html
The
report explains how increasing electricity prices around the world
have prompted homeowners to seek different means of monitoring and
controlling their use of electricity. The increasing need for energy
conservation and controlled utilization is what is expected to drive
the HEM systems market in the near future.
The
report explains how utilities and service providers are beginning to
offer flexible plans to homeowners to generate more interest about
HEM systems in the cost-conscious populace.
HEM
systems are usually cloud based and often tethered to Internet based
services. Therefore greater Internet coverage and awareness of cloud
services should further drive the HEM systems market.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/home-energy-management-systems.htm
Nearly
25.1% of the home energy management systems market share was taken by
Wi-Fi based technology in 2012, making it the dominant force in the
market. The report shows how the forecast period will see ZigBee to
show the fastest growth rate and surpass Wi-Fi technology to become
the largest HEM systems technology provider by 2019. The factors that
govern this growth are a growing demand in the U.S. and Europe,
scalability, interference tolerance, and high compatibility with more
Home Area Network devices.
Thermostats,
home lighting systems, home automation systems, and power strips were
the largest segments in functionality in 2012. The report then shows
how home area network technologies, sensory technology and others
that offer better connectivity and energy management, are set to
surpass the previously dominant factors. It is expected to grow at a
CAGR of 26.3% from 2013 to 2019.
global-home-energy-management-systems-market-revenue-share-by-geography-2012-and-2019
The
report provides a geographical division of the home energy management
systems market. It states North America to be the largest HEM systems
market in 2012. The region was followed by Europe and Asia-Pacific.
Europe has been shown to be the fastest growing HEM systems market
with a CAGR of 26.2%. Reasons for this rapid rate of growth have been
cited as a complete roll-out of smart meters and government mandates
that increase the importance of energy management systems. The energy
generated in Asia-Pacific and the Rest of the World is heavily
subsidized, due to which the homeowners do not show much interest to
invest in HEM systems.
The
report mentions the key players in the HEM systems market as
Panasonic Corporation, General Electric Company, Honeywell
International, Intel Corporation and Cisco Systems.
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1016
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