The requirement to acquire power efficacy is the main aspect that is predicted to stimulate the growth and expansion of the global home energy management systems market in future. Rising trend towards proficient energy management is predicted to play a vital role in market growth. Current technological trends like sensor, diminishing computation and display costs combined with the roll out of smart utility meters offer many avenues for growth.
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Home energy management systems are the intermediate equipments that help home owners to observe and handle utility of electricity intelligently. Due to rise in prices of electricity worldwide, homeowners are reluctant to choose substitute methods of detecting & regulating their power consumption, minimize electricity expenses and efficiently manage the power consumption. Thus the growing need for power savings and regulated use of power by homeowners is predicted to stimulate the demand and growth of the global home energy management systems market in coming years.
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The home energy management systems market is still in its emerging phase and is featured by low customer acceptance. Hence, many industry participants like Cisco, Google and Microsoft took a business decision to quit the industry. But, government initiatives to educate the customers regarding the advantages of these items provide many opportunities for the growth of the home energy management systems industry.
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Home Energy Management Systems Market By Component :
The global home energy management systems market is divided into enabling technologies, user interface and control equipments. User interface components offer power feedback to the consumers while enabling technologies helps to process and communicate information related to power utilization. Control equipments regulate the energy use and provide high level of automation.
Even though control equipments like automation, home lightening and thermostats have dominated the industry, enabling technologies are predicted to display rapid growth and expansion in next few years owing to enhanced use of technologies like Han and sensing providing connectivity for power management.
Even though control equipments like automation, home lightening and thermostats have dominated the industry, enabling technologies are predicted to display rapid growth and expansion in next few years owing to enhanced use of technologies like Han and sensing providing connectivity for power management.
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.1. Report Scope and Description
1.2. Research Methodology
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2. Executive Summary
2.1. Home Energy Management Systems Market Industry Snapshot
2.1. Home Energy Management Systems Market Industry Snapshot
3. Global Home Energy Management Systems Market Analysis
3.1. Home Energy Management Systems Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Restraints
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Home Energy Management Systems Manufacturers
3.1. Home Energy Management Systems Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Restraints
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Home Energy Management Systems Manufacturers
4. Global Home Energy Management Systems Market By Functionality, 2013 – 2022 (US$ Bn)
4.1. Doughnut Analysis
4.2. Control devices
4.3. User Interface
4.4. Enabling technologies
4.1. Doughnut Analysis
4.2. Control devices
4.3. User Interface
4.4. Enabling technologies
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