COVID-19 Impact on Home Energy Management Systems Market, Global Research Reports 2020-2021
Home Energy Management Systems are devices that are installed in residential buildings to enable the provision of feedback on electricity consumption patterns and power consumption data for individual appliances. These systems perform pre-programmed functions, such as maintaining the temperature of houses. In addition, Home Energy Management Systems not only provide demand-response prompts from utility loads but also provide data about loads generated by microgrids. The data generated are provided to users, wherein they can view their energy consumption patterns and compare them with historical data.
North America accounted for the largest share of the Home Energy Management System Market in 2017, followed by Europe and Asia-Pacific. The U.S. is expected to dominate the HEMS market in North America. The market for proactive solution under the software and service segment is expected to grow at the highest rate for HEMS, during the forecast period. The latest HEMSs come along with analytical software and solutions. The integration of data analytics with HEMS can be benchmarked and it enables the comparison of previous performance with actual energy usage. This proves to be a driving factor for the HEMS market to grow.
This report provides a complete quantitative data and qualitative analysis on the global market for Home Energy Management Systems. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Home Energy Management Systems was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Home Energy Management Systems is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Home Energy Management Systems, including the following market information:
Global Home Energy Management Systems Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include Schneider Electric, Siemens, Honeywell, Johnson Controls, GridPoint, General Electric, Emerson Electric Electric, Eaton Corporation, Azbil, Cylon Controls, Tongfang Technovator, etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Software
Hardware
Service
Based on the Application:
Department
Private House
Others
North America accounted for the largest share of the Home Energy Management System Market in 2017, followed by Europe and Asia-Pacific. The U.S. is expected to dominate the HEMS market in North America. The market for proactive solution under the software and service segment is expected to grow at the highest rate for HEMS, during the forecast period. The latest HEMSs come along with analytical software and solutions. The integration of data analytics with HEMS can be benchmarked and it enables the comparison of previous performance with actual energy usage. This proves to be a driving factor for the HEMS market to grow.
This report provides a complete quantitative data and qualitative analysis on the global market for Home Energy Management Systems. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Home Energy Management Systems was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Home Energy Management Systems is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Home Energy Management Systems, including the following market information:
Global Home Energy Management Systems Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Home Energy Management Systems Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include Schneider Electric, Siemens, Honeywell, Johnson Controls, GridPoint, General Electric, Emerson Electric Electric, Eaton Corporation, Azbil, Cylon Controls, Tongfang Technovator, etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Software
Hardware
Service
Based on the Application:
Department
Private House
Others
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