Market Highlights

The global smart home energy management device market is projected to witness a rapid growth during the forecast period. High growth opportunities in emerging economies and rising adoption of energy efficient device are the major factors driving the growth of the market. Other factors such as increasing real-time energy conservation approach, accessibility of cloud computing and data analytics and advanced device interconnectivity technology are aiding the market growth.

The global Smart Home Energy Management Device Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the smart home energy management device market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. The U.S and Canada are anticipated to drive the growth of the North American smart home energy management device market owing to the presence of large number of established key players such as Nest Labs (U.S.), Logitech (U.S.), Icontrol Networks (U.S.), C3 Energy (U.S.), Energyhub, Inc. (U.S.), Trilliant (U.S.), General Electric Company (U.S.). General Electric Company (U.S.) in this region. Owing to the presence of major players and developing more efficient, convenient, and economic HEM products and solutions. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the smart home energy management device market.

In the global smart home energy management device market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of energy efficient device, emerging economies and technological advancement in smart home energy management device in the region.

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The global smart home energy management device market is projected to reach USD 3 billion at a CAGR of over 18% by the end of the forecast period 2017-2023.

Key Players:

Some of the prominent players in the global smart home energy management device market: Aclara (U.S.), Energate Inc. (Canada), Trilliant (U.S.), Honeywell (U.S.), Nest Labs (U.S.), Logitech (U.S.), Icontrol Networks (U.S.), C3 Energy (U.S.), Energyhub, Inc. (U.S.), Trilliant (U.S.), General Electric Company (U.S.), Panasonic Corporation (Japan), Alarm.com (U.S.), Ecofactor (U.S.), Comcast Cable (U.S.), Ecobee (Canada) among others.

Smart Home Energy Management Device Market Segmentation:

The global smart home energy management device market is segmented on the basis of components and communication technology. The service segment is further classified into professional service and managed service. The HEMS software and service industry are facing rapid development. The factors such as technically advanced and user-friendly software solutions providers are driving the market growth.

Market Research Analysis:

North America is estimated to account for the largest share of the market, whereas the Asia-Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. U.S. holds the majority of the market share both in terms of revenue as well as the adoption of mobile applications.

Intended Audience

Technology Investors
Research/Consultancy firms
Technology Solution Providers
HEMS software and service providers
The product/ system integrators
Original equipment manufacturers
Energy conservation related associations, organizations, forums, and alliances
Government and Residential sector
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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain

5 Industry Overview Of Global Smart Home Energy Management Device Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

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