Home Energy Management Systems Market Outlook 2025 - In-Depth Industry Coverage By Technological Advancement and Industry Demand

Wi-fi technology home energy management systems market is expected to grow owing to increasing use of internet across the globe. Development of smart homes coupled with heavy investment in wireless technology will further drive the industry growth. High capacity load balancing, network access control and ability to measure performance are some of the noteworthy features that helps in providing Wi-fi technology a competitive advantage over other verticals.

Control device home energy management systems market is predicted to witness growth on account of functionalities consisting automation, smart meters, thermostats and home lighting controllers. Increasing investments toward development of smart homes and the need to optimize energy requirements will further propel the industry growth.

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Technological advancements along with growing awareness toward carbon footprint management will drive the China home energy management systems market share. Modernization of old infrastructure with rising need to curtail power losses will further propel the industry growth.
Europe home energy management systems market will witness growth owing to the strict energy conservation norms and rollout programs for smart meters. Incentives, regulations and labeling programs implemented by the government to mitigate environmental crisis will propel the business landscape. In November 2016, the European Union proposed an update on the Energy Efficiency Directive with a target of 30 percent energy savings by 2030.

The home energy management systems market in the U.S. will witness growth on account of increased deployment of user friendly software services consisting home area network and wi-fi. Higher internet connectivity and real time services required for energy conservation coupled with the development of technologically efficient products and services will further accelerate the installation of HEMS in the region.

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Stringent government measures to promote energy conservation coupled with government intervention over misuse of energy will boost the home energy management systems market. Formulation of government legislatives in developed and developing economies to accelerate the installation of smart energy systems will further fuel the industry growth. In 2015, the U.S. government under the Resident Energy Efficiency Valuation Act (REEVA) established pilot programs to help the residential sector achieve energy efficiency and reduce the energy expenditure.

Notable participants in the home energy management systems market include Panasonic Corporation, Cisco Systems, Honeywell International, General Electric, Ecofactor, EnergyHub, Johnson Controls, Nest Labs, Hitachi, Vivint and Ecobee amongst others.

Methodology use in this report: -
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data

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