The Key Players in Global Home Energy Management Systems Market 2015-2019
Monday 10 August 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Home Energy Management Systems Market: Cisco Systems, GE Energy Management, Honeywell International, Panasonic, Schneider Electric.
Other Prominent Vendors in the market are Allure Energy, C3 Energy, Hitachi, Invensys Controls, Toshiba.
Commenting on the report, an analyst said, “One major trend in this market is rise in distributed generation. The use of distributed renewable power generation is helping households worldwide implement HEMS which will cause the demand for HEMS to increase during the forecast period. Surplus electricity generated from solar panels can be stored in batteries and can be sent back to the grids by the consumers through the HEMS. ”
According to the report, one key driver of this market is need for energy conservation. Energy management is considered to be one of most effective methods to reduce the energy usage in the residential sector. There are various processes involved in HEM, including recording, normalizing, analyzing, targeting, monitoring, reporting, and controlling.
Further, the report states that one of the major challenges is the high initial costs. Installing HEMS is highly expensive as it involves the use of many components such as sensors, displays, and software, which are interconnected to save energy consumption.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Home Energy Management Systems Market 2015-2019
Publish date : August 2015
Report code : ASDR-212523
Pages : 54