Infinium Global Research Home Energy Management System (HEMS) Market | Page 2

A latest report has been added to the wide database of Home Energy Management System (HEMS) Market by Infinium Global
Research. This report studies the Home Energy Management System (HEMS) Market by technology type (Wi-Fi, homeplug, wireless M-
bus,Z-wave, zigbee), by component type (enabling technologies, control devices, user interface) market status and outlook of global
and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments
& countries in recent years and to forecast the values for the next six years. Home Energy Management System (HEMS) Market
provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest
trends, and product offerings of the major companies in the Home Energy Management System (HEMS) Market.
Home energy management system (HEMS) is product or service which controls, monitors or analyzes energy used at home. Some of
the home energy management system includes personal energy management, home automation services, utility demand response
program, auditing, visualization & data analysis and other security services. Whilst home energy management system enables energy
optimization and power efficiency, it also connects every part of the smart home and controls it from a central point. These systems
basically provide interface between energy consuming objects in the house and smart grid. With growing awareness about new
products/services that better manage and help to control home energy consumption, the global HEMS market is gaining momentum.
On the basis of technology used the global home energy management market can be segmented into Wi-Fi, HomePlug, Wireless M-
Bus, Z-Wave, Zigbee and others (Ethernet, Wavenis, Insteon and Enocean). HEMS market is also categorized on the basis of
components as enabling technologies, control devices and user interface.
Browse Research Full Report @
https://www.infiniumglobalresearch.com/energy_mining_infra/global_home_energy_management_system_hems_market
One of the major drivers of the global home energy management systems market is that it helps its users to efficiently manage and
monitor their energy consumption. It also allows them to control activation/deactivation of appliances and collect real-time electricity
consumption data. Additionally, it generates optimal consumption schedules by considering energy cost, load profiles, consumer
comfort and environmental concerns. On the other hand, high cost and complex behavior of these energy management systems is one
of the major market restraints. Furthermore, the future of the home energy management system industry largely depends on the
market awareness about the importance of energy conservation.