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Home Energy Management Systems Market Expected To Reach USD 1.91 Billion By 2019

Home energy management systems (HEMS) are intermediary devices that enable home-owners to monitor and manage their electricity consumption wisely. The system can use weather information and sensors to find the excess energy source, and through the control of household appliances to achieve the purpose of saving energy consumption. In addition, the use of domestic energy sources, when the power output of solar panels appear surplus, the system can be used to indicate the heat pump water heater, or instruct the washer to start working, in order to realize the effective use of electric power.
According to different functions, the home energy management systems (HEMS) can be divided into control devices, enabling technologies, and user interface.
According to the forecast, the global home energy management systems market is expected to reach USD 1.91 billion by 2019 from USD 0.62 billion in 2014, and will grow at a CAGR of approximately 24.73% from 2015 to 2019.
On the basis of functions, control devices dominate the market, and enabling technologies is expected to become the fastest growing market.
In terms of geography, North America is the largest market for home energy management systems, account for more than 30% of the global market, followed by Europe. Asia Pacific region will grow at a highest growth rate, about 27.5%.
The key players in the market are Honeywell International, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), General Electric Company (U.S.), and Panasonic Corporation (Japan).
Global Home Energy Management Systems Market Share Analysis, by geographies, 2015

Read Full Report: http://www.gosreports.com/global-home-energy-management-systems-market-research-report-analysis/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com