Market Overview:
The global smart home energy management system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about the benefits of using such systems. The global smart home energy management system market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into gateway, smart meter, and others. Gateway is further sub-segmented into controller hub and router hub segments. Smart meter is further sub-segmented into single phase meters and three phase meters segments. Others include sensors, actuators, data loggers etcetera On the basis of application, residential building accounted for majority share in 2017 owing to increase in adoption rate across different regions globally followed by commercial building and industrial building applications respectively .
Product Definition:
A smart home energy management system (SHEMS) is a computerized system used to manage home energy consumption. SHEMS typically include a central controller that monitors and optimize energy use in the home, and sensors and actuators installed in appliances, lighting, heating, and cooling systems to allow the devices to be controlled remotely or automatically. The goal of using a SHEMS is to reduce overall energy consumption in the home while still providing residents with the comfort they expect.
Gateway:
Gateway is a device that helps in monitoring and controlling the energy consumption of home appliances. It also provides information related to power usage effectiveness (PUE) which further helps in identifying the cost saving opportunities for consumers. The PUE value of a product can be easily determined by using Gateway, which further drives its adoption among consumers.
The smart home energy management system market has been gaining traction over the past few years owing to growing consumer awareness regarding their electrical.
Smart Meter:
A smart meter is an electronic device that measures and records the electricity used by appliances in a home. It is also capable of measuring the energy consumed by water heaters, furnaces, air conditioners, etc. The data obtained from these meters are wirelessly transmitted to the utility company for billing purposes.
Smart meters help monitor power usage patterns.
Application Insights:
The residential building application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for energy efficient products and services across urban areas, especially in developed economies such as U.K., Germany, U.S., Canada, etc. Furthermore, growing concerns regarding rising electricity costs coupled with an increase in disposable income levels among consumers are expected to drive the industry growth over the coming years.
The commercial building application segment is also estimated to witness significant growth during the forecast period owing to rising demand from SMBs & enterprises for cost-effective energy solutions that help them manage their utility bills as well as reduce carbon footprint by reducing electricity consumption through improved energy efficiency policies implemented by various governments around globe including EPA (U.S.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing penetration of electricity distribution networks, high adoption rate of advanced technologies, and growing awareness about energy conservation among consumers. Moreover, rising demand for smart appliances and home automation products is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for improving energy infrastructure in emerging countries such as China and India. For instance, In 2015, The Chinese Government launched a national smart grid strategy with an aim to develop a modernized power system equipped with greater information technology (IT) capabilities that will help improve grid management efficiency while reducing costs associated with conventional systems.
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for energy-efficient homes: The global market for smart home energy management systems is expected to grow at a CAGR of more than 25% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient homes, as homeowners are becoming increasingly aware of the benefits of using such systems.
- Rising awareness about the benefits of smart home energy management systems: Homeowners are becoming increasingly aware of the benefits offered by smart home energy management systems, such as reduced electricity bills and increased convenience. This is driving the growth of this market.
- Growing popularity of connected devices: The growing popularity of connected devices is another major factor that is driving the growth of the global market for smart home energy management systems. With an increase in internet penetration and declining prices, more and more people are buying connected devices, which helps them save on their electricity bills by optimizing their usage patterns accordingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Energy Management System Market Research Report
By Type
Gateway, Smart Meter, Others
By Application
Residential Building, Commercial Building, Industrial Building, Others
By Companies
IBM, Indesit Company, ETRI, Nokia Corporation, Panasonic, Qualcomm, Robert Bosch, Intel-GE Care Innovations, Invensys Building Systems, Koninklijke Philips, IBM, General Electric, Google, Hitachi, Honeywell, Samsung
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Energy Management System Market Report Segments:
The global Smart Home Energy Management System market is segmented on the basis of:
Types
Gateway, Smart Meter, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Building, Commercial Building, Industrial Building, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Indesit Company
- ETRI
- Nokia Corporation
- Panasonic
- Qualcomm
- Robert Bosch
- Intel-GE Care Innovations
- Invensys Building Systems
- Koninklijke Philips
- IBM
- General Electric
- Google
- Hitachi
- Honeywell
- Samsung
Highlights of The Smart Home Energy Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gateway
- Smart Meter
- Others
- By Application:
- Residential Building
- Commercial Building
- Industrial Building
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Home Energy Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Home Energy Management System (S-HEMS) is a type of home automation system that uses sensors and actuators to monitor and manage energy use in a residential or commercial building. S-HEMS systems can automate many aspects of energy use, including lighting, heating, cooling, appliances, and security.
Some of the major players in the smart home energy management system market are IBM, Indesit Company, ETRI, Nokia Corporation, Panasonic, Qualcomm, Robert Bosch, Intel-GE Care Innovations, Invensys Building Systems, Koninklijke Philips, IBM, General Electric, Google, Hitachi, Honeywell, Samsung.
The smart home energy management system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Home Energy Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Home Energy Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Home Energy Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Home Energy Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Home Energy Management System Market Size & Forecast, 2020-2028
4.5.1 Smart Home Energy Management System Market Size and Y-o-Y Growth
4.5.2 Smart Home Energy Management System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gateway
5.2.2 Smart Meter
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential Building
6.2.2 Commercial Building
6.2.3 Industrial Building
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Home Energy Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Home Energy Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gateway
9.6.2 Smart Meter
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential Building
9.10.2 Commercial Building
9.10.3 Industrial Building
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gateway
10.6.2 Smart Meter
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential Building
10.10.2 Commercial Building
10.10.3 Industrial Building
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gateway
11.6.2 Smart Meter
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential Building
11.10.2 Commercial Building
11.10.3 Industrial Building
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gateway
12.6.2 Smart Meter
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential Building
12.10.2 Commercial Building
12.10.3 Industrial Building
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gateway
13.6.2 Smart Meter
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential Building
13.10.2 Commercial Building
13.10.3 Industrial Building
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Home Energy Management System Market: Competitive Dashboard
14.2 Global Smart Home Energy Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Indesit Company
14.3.3 ETRI
14.3.4 Nokia Corporation
14.3.5 Panasonic
14.3.6 Qualcomm
14.3.7 Robert Bosch
14.3.8 Intel-GE Care Innovations
14.3.9 Invensys Building Systems
14.3.10 Koninklijke Philips
14.3.11 IBM
14.3.12 General Electric
14.3.13 Google
14.3.14 Hitachi
14.3.15 Honeywell
14.3.16 Samsung
