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Home Energy Management Systems Market by Component, Product and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 183
  • SKU: IRTNTR45972
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The home energy management systems market is estimated to grow at a CAGR of 9.11% between 2022 and 2027. The size of the market is forecast to increase by USD 1,625.57 million. The growth of the market depends on serval factors, including the growing adoption of smart grid technologies, the rising need for energy conservation, and the availability of a wide range of smart home products. 

This report extensively covers market segmentation by component (hardware, software, and services), product (lighting controls, programmable thermostats, self-monitoring systems, and advanced central controllers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Home Energy Management Systems Market During the Forecast Period?

Home Energy Management Systems Market Size

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Parent Market Analysis

The reports categorize the global home energy management system market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market, covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Home Energy Management Systems Market: Key Drivers, Trends, Challenges, and Customer Landscape

The availability of a wide range of smart home products is notably driving the market growth, although factors such as privacy and security risks may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Home Energy Management Systems Market Driver

The availability of a wide range of smart home products is notably driving market growth. The home energy management system market is highly attractive, where large blue-chip and start-up companies alike have entered with a wide range of products. Ever since Apple announced its smart home platform, the range of compatible devices by various vendors has been growing continuously.

The devices are an addition to existing products that are already available in the market, working with technologies such as ZigBee and Z-Wave. Companies such as Amazon and Google have launched products that act as a hub, which is an essential component in home energy management systems. The proliferation of smart home devices has expanded to the adoption of home energy management systems, wherein consumers are embracing the technology, which helps in energy conservation, in addition to the convenience of the products. Hence, the market in focus is expected to grow during the forecast period.

Significant Home Energy Management Systems Market Trend

Growing investment in smart cities and smart homes is the primary trend in the market. The smart home concept is rapidly gaining ground as consumers seek to improve domestic convenience through electronic devices. Owing to the comfort and convenience provided by these devices, consumers are considering their installation, such as smart thermostats and smart lighting devices at home. Today, smart home technologies using advanced sensors are affordable. They can be used by an average household to connect appliances such as heating modules, lighting systems, air conditioning units, computers, television sets, entertainment systems, security devices, and camera systems.

The homeowner can control these devices using their smartphones and tablets. Moreover, home appliances use artificial intelligence to accurately predict consumer preferences based on historical data. With an increased focus on building smart cities with improved quality of life and efficiency of services, the demand for home energy management systems is expected to experience growth during the forecast period.

Major Home Energy Management Systems Market Challenge

Privacy and security risks is the major challenge impeding the market growth. With the advent of home energy management system technology, the number of connected devices worldwide has increased significantly over the past few years. All Wi-Fi-enabled devices are now operated using cloud technology, where privacy is one of the major concerns. Regarding smart homes, individuals focus on the security aspect while adopting any new technology.

Public or unauthorized access to cloud information could lead to cyber threats and compromise the integrity of the entire system. If a smart meter has been installed, it acts as a gateway between the house and the grid. This connection allows for remote access wherein activities such as controlling the HVAC system, charging the EV, and other energy-intensive activities can be shifted to off-peak hours. These functions are performed over a communication network, and it comes with security concerns. Security and privacy concerns have a negative impact on the adoption of home energy management systems.  This may negatively affect the market during the forecast period.

Key Home Energy Management Systems Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Home Energy Management Systems Market Share by Geography

Global Home Energy Management Systems Market Customer Landscape

Who are the Major Home Energy Management Systems Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

tado GmbH - The company offers home energy management systems that include features that empower full-control to homeowners to set their monthly heating costs, and stick within budget. The company offers intelligent climate control for private households, small businesses, and shops.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ecobee
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • Intel Corp.
  • Johnson Controls International Plc.
  • Lennox International Inc.
  • Liricco Technologies Ltd.
  • Panasonic Holdings Corp.
  • Resideo Technologies Inc.
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Snap One LLC
  • Vivint Smart Home Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Home Energy Management Systems Market?

The market share growth of the hardware segment will be significant during the forecast period. The hardware of a home energy management system typically consists of a hub device that relays communications between events occurring inside the home, the user, and occasionally the neighborhood utility or electricity retailer. In homes where the home energy management system solely relies on a wireless network, this hub is typically installed on the electrical board but can also be installed virtually. Smart plugs, light and temperature sensors, and home-based smart devices are examples of additional, less crucial components. As communication and sensing technology becomes more widely used, the hardware sector may represent a sizeable portion of the global market in focus.

Home Energy Management Systems Market Size

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The hardware segment was valued at USD 865.06 million in 2017 and continued to grow until 2021Bridges and sensors have also become more popular, with wired sensor networks seeing increased adoption due to their increased dependability, longer service lives, and reduced susceptibility to interference and disruptions. Hardware components may boost the market during the forecast period as monitoring and controlling building operations gain traction to embed intelligence.

Which are the Key Regions for the Home Energy Management Systems Market?

Home Energy Management Systems Market Share by Geography

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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is the largest regional contributor to the global home energy management systems market. The increasing energy prices and the rising focus on demand response and energy efficiency to decrease electricity costs have made energy management products a compelling proposition. The US is the largest revenue contributor in the region. This is mainly driven by the increased awareness about energy efficiency and products that can help in achieving it, combined with rising income levels, which are leading to the higher adoption of home energy management systems. The US is one of the largest markets for home energy management systems. The adoption of home energy management systems has increased in the country due to high-income levels and increased awareness about the benefits of these systems. With added functionalities of battery storage in homes, energy management has become more flexible in the country.

The outbreak of COVID-19 spread widely across North America, especially in the US. However, statistics showed that 1,342,000 building permits were issued in the US. Additionally, there were also 1,427,000 housing starts and 1,490,000 housing completions. Since October 2022, electricity prices in Hawaii have increased by 30.1%. At 10.59 cents/kWh, Washington had the lowest residential electricity rates in the region. With a rate of 44.85 cents/kWh, Hawaii had the highest regional average electricity rates. This augments the need for home energy management systems in the region.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Component Outlook (USD Million, 2017 - 2027)
    • Hardware
    • Software
    • Services
  • Product Outlook (USD Million, 2017 - 2027)
    • Lighting controls
    • Programmable thermostats
    • Self-monitoring systems
    • Advanced central controllers
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Home Energy Management Systems Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.11%

Market growth 2023-2027

USD 1,625.57 million

Market structure

Fragmented

YoY growth 2022-2023(%)

8.4

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Capgemini Service SAS, Carrier Global Corp., Cisco Systems Inc., Comcast Corp., ecobee, Emerson Electric Co., General Electric Co., Honeywell International Inc., Intel Corp., Johnson Controls International Plc., Lennox International Inc., Liricco Technologies Ltd., Panasonic Holdings Corp., Resideo Technologies Inc., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Snap One LLC, tado GmbH, and Vivint Smart Home Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Home Energy Management Systems Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the home energy management systems market between 2023 and 2027
  • Precise estimation of the home energy management systems market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of home energy management systems market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global home energy management systems market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global home energy management systems market 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Hardware - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • 6.4 Software - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 6.5 Services - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 46: Market opportunity by Component ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 47: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 49: Chart on Comparison by Product
      • Exhibit 50: Data Table on Comparison by Product
    • 7.3 Lighting controls - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Lighting controls - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Lighting controls - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Lighting controls - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Lighting controls - Year-over-year growth 2022-2027 (%)
    • 7.4 Programmable thermostats - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Programmable thermostats - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Programmable thermostats - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Programmable thermostats - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Programmable thermostats - Year-over-year growth 2022-2027 (%)
    • 7.5 Self-monitoring systems - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Self-monitoring systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Self-monitoring systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Self-monitoring systems - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Self-monitoring systems - Year-over-year growth 2022-2027 (%)
    • 7.6 Advanced central controllers - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Advanced central controllers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Advanced central controllers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Advanced central controllers - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Advanced central controllers - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Product
      • Exhibit 67: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Capgemini Service SAS
              • Exhibit 120: Capgemini Service SAS - Overview
              • Exhibit 121: Capgemini Service SAS - Business segments
              • Exhibit 122: Capgemini Service SAS - Key news
              • Exhibit 123: Capgemini Service SAS - Key offerings
              • Exhibit 124: Capgemini Service SAS - Segment focus
            • 12.4 Carrier Global Corp.
              • Exhibit 125: Carrier Global Corp. - Overview
              • Exhibit 126: Carrier Global Corp. - Business segments
              • Exhibit 127: Carrier Global Corp. - Key news
              • Exhibit 128: Carrier Global Corp. - Key offerings
              • Exhibit 129: Carrier Global Corp. - Segment focus
            • 12.5 Cisco Systems Inc.
              • Exhibit 130: Cisco Systems Inc. - Overview
              • Exhibit 131: Cisco Systems Inc. - Business segments
              • Exhibit 132: Cisco Systems Inc. - Key news
              • Exhibit 133: Cisco Systems Inc. - Key offerings
              • Exhibit 134: Cisco Systems Inc. - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 135: Emerson Electric Co. - Overview
              • Exhibit 136: Emerson Electric Co. - Business segments
              • Exhibit 137: Emerson Electric Co. - Key news
              • Exhibit 138: Emerson Electric Co. - Key offerings
              • Exhibit 139: Emerson Electric Co. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 140: General Electric Co. - Overview
              • Exhibit 141: General Electric Co. - Business segments
              • Exhibit 142: General Electric Co. - Key news
              • Exhibit 143: General Electric Co. - Key offerings
              • Exhibit 144: General Electric Co. - Segment focus
            • 12.8 Honeywell International Inc.
              • Exhibit 145: Honeywell International Inc. - Overview
              • Exhibit 146: Honeywell International Inc. - Business segments
              • Exhibit 147: Honeywell International Inc. - Key news
              • Exhibit 148: Honeywell International Inc. - Key offerings
              • Exhibit 149: Honeywell International Inc. - Segment focus
            • 12.9 Intel Corp.
              • Exhibit 150: Intel Corp. - Overview
              • Exhibit 151: Intel Corp. - Business segments
              • Exhibit 152: Intel Corp. - Key news
              • Exhibit 153: Intel Corp. - Key offerings
              • Exhibit 154: Intel Corp. - Segment focus
            • 12.10 Johnson Controls International Plc.
              • Exhibit 155: Johnson Controls International Plc. - Overview
              • Exhibit 156: Johnson Controls International Plc. - Business segments
              • Exhibit 157: Johnson Controls International Plc. - Key news
              • Exhibit 158: Johnson Controls International Plc. - Key offerings
              • Exhibit 159: Johnson Controls International Plc. - Segment focus
            • 12.11 Lennox International Inc.
              • Exhibit 160: Lennox International Inc. - Overview
              • Exhibit 161: Lennox International Inc. - Business segments
              • Exhibit 162: Lennox International Inc. - Key offerings
              • Exhibit 163: Lennox International Inc. - Segment focus
            • 12.12 Panasonic Holdings Corp.
              • Exhibit 164: Panasonic Holdings Corp. - Overview
              • Exhibit 165: Panasonic Holdings Corp. - Business segments
              • Exhibit 166: Panasonic Holdings Corp. - Key news
              • Exhibit 167: Panasonic Holdings Corp. - Key offerings
              • Exhibit 168: Panasonic Holdings Corp. - Segment focus
            • 12.13 Resideo Technologies Inc.
              • Exhibit 169: Resideo Technologies Inc. - Overview
              • Exhibit 170: Resideo Technologies Inc. - Business segments
              • Exhibit 171: Resideo Technologies Inc. - Key offerings
              • Exhibit 172: Resideo Technologies Inc. - Segment focus
            • 12.14 Robert Bosch GmbH
              • Exhibit 173: Robert Bosch GmbH - Overview
              • Exhibit 174: Robert Bosch GmbH - Business segments
              • Exhibit 175: Robert Bosch GmbH - Key news
              • Exhibit 176: Robert Bosch GmbH - Key offerings
              • Exhibit 177: Robert Bosch GmbH - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 178: Schneider Electric SE - Overview
              • Exhibit 179: Schneider Electric SE - Business segments
              • Exhibit 180: Schneider Electric SE - Key news
              • Exhibit 181: Schneider Electric SE - Key offerings
              • Exhibit 182: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 183: Siemens AG - Overview
              • Exhibit 184: Siemens AG - Business segments
              • Exhibit 185: Siemens AG - Key news
              • Exhibit 186: Siemens AG - Key offerings
              • Exhibit 187: Siemens AG - Segment focus
            • 12.17 tado GmbH
              • Exhibit 188: tado GmbH - Overview
              • Exhibit 189: tado GmbH - Product / Service
              • Exhibit 190: tado GmbH - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Home Energy Management Systems market growth will increase by $1230.56 million during 2020-2025.
              The home energy management systems market is expected to grow at a CAGR of 7.93% during 2020-2025.
              Technavio has segmented the home energy management systems market by product (Lighting controls, Programmable thermostats, Self-monitoring systems, and Advanced central controllers) and geographic (North America, Europe, APAC, South America, and MEA).
              Alphabet Inc., Cisco Systems Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Panasonic Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG are a few of the key vendors in the home energy management systems market.
              North America will register the highest growth rate of 34.41% among the other regions. Therefore, the home energy management systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the home energy management systems market growth are:
              • Growing adoption of smart grid technologies
              The home energy management systems market vendors should focus on grabbing business opportunities from the lighting controls segment as it accounted for the largest market share in the base year.
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