Global Home Energy Management Systems Market Research and Upcoming Forecast Report
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description and Highlights Report Description Home Energy Management Systems Market Outlook 2026:
According to the latest report by IMARC Group, titled “Home Energy Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global home energy management systems market reached a value of US$ 2.18 Billion in 2020. Home energy management systems (HEMS) is a smart energy device that is used in the management and monitoring of energy consumption in the domestic sector. Consisting of hardware and software, it aids in keeping track of an individual appliance’s electricity consumption pattern and power consumption data. In addition to this, these systems create optimal consumption schedules by taking numerous factors such as load profiles, energy costs, environmental concerns and consumer comfort into consideration. Some of the primary functions of the system include efficient use of solar energy, along with monitoring the usage of electricity and management of backup with the help of battery storage. They can also be accessed through various web portals as well as mobile applications, which has led them to be widely adopted by a majority of the population. Request for a PDF sample of this report: https:// www.imarcgroup.com/home-energy-management-systems-market/requestsample
Report Description and Highlights
Report Description
Global Home Energy Management Systems Market Trends:
Altering climatic conditions across the globe have led to an increase in the adoption rates of heating, ventilating, and air conditioning (HVAC) systems. Consequently, the energy consumption has significantly risen across the residential and commercial sectors. This, along with rising electricity rates on a global level, is bolstering the sales of home energy management systems. Moreover, growing consumer awareness regarding the sustainable usage of energy has boosted the sales of these energy-saving systems across the globe. Inflating per capita income levels, rapid urbanization, a growing number of smart homes, and increasing rate of penetration of high-speed internet are some of the other factors contributing to the growth of the market. Looking forward, IMARC Group expects the market to grow at a CAGR of 16.3% during 2021-2026.
Report Description and Highlights
Report Description Key Market Segmentation: Breakup by Product Type:
•Lighting Controls •Self-Monitoring Systems and Services •Programmable Communicating Thermostats •Advanced Central Controllers •Intelligent HVAC Controllers
Breakup by Communication Technology: •Z-Wave •Zigbee •Wi-Fi •Others
Breakup by Software & Service: •Behavioral •Proactive
Report Description and Highlights
Report Description Breakup by Region:
•North America •Asia Pacific •Europe •Latin America •Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc
Report Description and Highlights
Report Description Competitive Landscape:
•Honeywell International •Nest Labs •Vivint •General Electric Company •Ecobee •Alarm.Com.Comcast Cable (Xfinity) •Panasonic Corporation •Ecofactor •Energyhub View Report TOC, Figures and Tables: https:// www.imarcgroup.com/home-energy-management-systems-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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