According to a market report by Lucintel, the future of the global home energy management system market looks promising with opportunities in the lighting control, self-monitoring systems and service, programmable communicating thermostat, advanced central controller, and intelligent hvac controllers markets. The global home energy management system market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 17.5% from 2024 to 2030. The major drivers for this market are growing demand for energy-efficient solution, increasing adoption of connected devices through internet of things, and rising investments in smart grid infrastructure across the globe.

In this market, hardware, software, and services are the major segments of home energy management system market by offering.
Lucintel forecast that software is expected to witness highest growth over the forecast period.
Within this market, lighting controls will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Schneider Electric, Alphabet, Vivint, General Electric Company, Panasonic, Ecofacto, Comcast Cable Communications, LLC(Xfinity), Ecobee, Honeywell International, and Energyhub are the major suppliers in the home energy management system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]