Market Overview:
The global home energy management market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about home energy management systems among consumers. The global home energy management market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into z-wave technology, ZigBee technology, Wi-Fi technology, and other communication technologies. The z-wave technology segment is expected to hold a major share in the global home energy management market during the forecast period owing to its low power consumption and high security features. On the basis of application, residential building held a major share in 2017 owing to rising concerns about electricity bills among consumers across different regions.
Product Definition:
Home Energy Management is the process of managing and monitoring energy use in a home. This can include anything from turning off lights when you leave a room to adjusting the temperature on your thermostat. Home Energy Management can help you save money on your energy bills and make your home more comfortable.
Z-Wave Technology:
Z-Wave is a wireless technology which was initially developed by Zensar Technologies for commercial applications in the building automation industry. The technology has evolved over time and is now being used across several application areas including home energy management. Home energy management includes devices and systems that are capable of reducing utility bills, thereby making homes more comfortable and sustainable as well as helping in overall security & safety concerns.
Zigbee Technology:
Zigbee is a wireless low power communication technology used in home energy management applications. It offers features such as remote control, monitoring and metering for appliances. Zigbee can be used to monitor the temperature, humidity, air quality and light of a room using sensor-based devices.
Application Insights:
The residential building segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to growing urbanization, which has resulted in an increased number of households requiring energy management solutions. Furthermore, rising concerns regarding energy conservation are expected to drive demand over the forecast period.
The commercial building segment is also estimated to witness considerable growth during the study period owing to increasing investments by businesses for efficient usage of electricity bills. For instance, according with a survey conducted by Smart Energy Rates, it was found that around 60% of small business owners have installed their own meters as compared with 40% who haven¢â‚¬â„¢t done so yet. The aforementioned factors are expected fuel product demand from 2018 to 2030 thus driving home energy management market growth across regions globally.
Industrial buildings are estimatedto account for a significant share owingto growing industrializationin developing countries such as India.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing penetration of smart electricity meters, smart water meters, and other advanced energy-efficient products and solutions. Moreover, growing adoption of automation in homes through such technologies as voice control systems is expected to drive the regional market over the forecast period. Europe accounted for a significant share owing to rising demand for highly automated homes with integrated home energy management systems that allow users to manage their daily household needs using voice commands or smartphone apps. Asia Pacific is projected to witness substantial growth over the forecast period owing to rapid urbanization coupled with increasing disposable income levels among consumers especially in developing countries such as India and China.
Growth Factors:
- Increasing awareness about the benefits of home energy management systems among consumers
- Favorable government policies and regulations for the deployment of home energy management systems
- Growing demand for energy-efficient homes and buildings
- Rising prices of traditional fuels such as electricity, natural gas, and oil
- Proliferation of smart devices and the Internet of Things (IoT)
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Energy Management Market Research Report
By Type
Z-Wave Technology, Zigbee Technology, Wi-Fi Technology, Other Communication Technologies
By Application
Residential Building, Commercial Building, Industrial Building, Others
By Companies
Honeywell International, Inc., Nest Labs, Inc., Vivint, Inc., General Electric Company, Ecobee, Inc., Alarm.Com, Comcast Cable (Xfinity), Panasonic Corporation, Ecofactor, Inc., Energyhub, Inc.
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Home Energy Management Market Report Segments:
The global Home Energy Management market is segmented on the basis of:
Types
Z-Wave Technology, Zigbee Technology, Wi-Fi Technology, Other Communication Technologies
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:
- Honeywell International, Inc.
- Nest Labs, Inc.
- Vivint, Inc.
- General Electric Company
- Ecobee, Inc.
- Alarm.Com
- Comcast Cable (Xfinity)
- Panasonic Corporation
- Ecofactor, Inc.
- Energyhub, Inc.
Highlights of The Home Energy Management 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:
- Z-Wave Technology
- Zigbee Technology
- Wi-Fi Technology
- Other Communication Technologies
- 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 Home Energy Management 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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- Consumer Insights
- 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?
Home energy management (HEM) is a suite of technologies used to optimize the use of energy in an individual's home. HEM can include devices such as weather sensors, thermostats, and occupancy sensors to monitor and adjust the temperature or air conditioning settings; lighting controls to reduce consumption during nighttime hours; and power management software that optimizes appliance usage.
Some of the key players operating in the home energy management market are Honeywell International, Inc., Nest Labs, Inc., Vivint, Inc., General Electric Company, Ecobee, Inc., Alarm.Com, Comcast Cable (Xfinity), Panasonic Corporation, Ecofactor, Inc., Energyhub, Inc..
The home energy management market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Energy Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Energy Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Energy Management Market - Supply Chain
4.5. Global Home Energy Management Market Forecast
4.5.1. Home Energy Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Energy Management Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Energy Management Market Absolute $ Opportunity
5. Global Home Energy Management Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Energy Management Market Size and Volume Forecast by Type
5.3.1. Z-Wave Technology
5.3.2. Zigbee Technology
5.3.3. Wi-Fi Technology
5.3.4. Other Communication Technologies
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Energy Management Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Energy Management Market Size and Volume Forecast by Application
6.3.1. Residential Building
6.3.2. Commercial Building
6.3.3. Industrial Building
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Energy Management Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Energy Management Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Energy Management Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Energy Management Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Energy Management Demand Share Forecast, 2019-2026
9. North America Home Energy Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Energy Management Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Energy Management Market Size and Volume Forecast by Application
9.4.1. Residential Building
9.4.2. Commercial Building
9.4.3. Industrial Building
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Energy Management Market Size and Volume Forecast by Type
9.7.1. Z-Wave Technology
9.7.2. Zigbee Technology
9.7.3. Wi-Fi Technology
9.7.4. Other Communication Technologies
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Energy Management Demand Share Forecast, 2019-2026
10. Latin America Home Energy Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Energy Management Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Energy Management Market Size and Volume Forecast by Application
10.4.1. Residential Building
10.4.2. Commercial Building
10.4.3. Industrial Building
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Energy Management Market Size and Volume Forecast by Type
10.7.1. Z-Wave Technology
10.7.2. Zigbee Technology
10.7.3. Wi-Fi Technology
10.7.4. Other Communication Technologies
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Energy Management Demand Share Forecast, 2019-2026
11. Europe Home Energy Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Energy Management Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Energy Management Market Size and Volume Forecast by Application
11.4.1. Residential Building
11.4.2. Commercial Building
11.4.3. Industrial Building
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Energy Management Market Size and Volume Forecast by Type
11.7.1. Z-Wave Technology
11.7.2. Zigbee Technology
11.7.3. Wi-Fi Technology
11.7.4. Other Communication Tehnologies
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Energy Management Demand Share, 2019-2026
12. Asia Pacific Home Energy Management Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Energy Management Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Energy Management Market Size and Volume Forecast by Application
12.4.1. Residential Building
12.4.2. Commercial Building
12.4.3. Industrial Building
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Energy Management Market Size and Volume Forecast by Type
12.7.1. Z-Wave Technology
12.7.2. Zigbee Technology
12.7.3. Wi-Fi Technology
12.7.4. Other Communication Technologies
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Energy Management Demand Share, 2019-2026
13. Middle East & Africa Home Energy Management Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Energy Management Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Energy Management Market Size and Volume Forecast by Application
13.4.1. Residential Building
13.4.2. Commercial Building
13.4.3. Industrial Building
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Energy Management Market Size and Volume Forecast by Type
13.7.1. Z-Wave Technology
13.7.2. Zigbee Technology
13.7.3. Wi-Fi Technology
13.7.4. Other Communication Technologies
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Energy Management Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Energy Management Market: Market Share Analysis
14.2. Home Energy Management Distributors and Customers
14.3. Home Energy Management Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell International, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nest Labs, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vivint, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ecobee, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alarm.Com
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Comcast Cable (Xfinity)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Panasonic Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ecofactor, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Energyhub, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
