Smart Home Energy Management System Industry Key Factors 2017
The findings of a research report made available by Radiant
Insights, Inc. suggest that the global smart home energy management system
market would showcase a fast-paced expansion over the forecast period (from
2016 to 2022). A home energy management system or home MES allows its users to
keep a detailed track of energy consumption to better save money, as well as
energy. For example, the user can see the energy consumption for various
appliances and electronic products through smart home EMS.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-smart-home-energy-management-system-industry-2017/request-sample
Potential growth opportunities in various emerging
regions and increased adoption of energy-efficient devices are expected to be
the key factors driving the global market over the coming years. Several other
factors such as easy availability and accessibility of data analytics and cloud
computing are also anticipated to support the market expansion. In addition, increasing
real-time energy conservation approach and advanced device interconnectivity
technology may also fuel the product demand in near future.
Many companies, as well as institutions, are aiming at
introducing innovative products, which is also contributing toward global
market development. For instance, Tri Cascade, Inc. recently introduced its
Cloud-based EMS called BRIGHTenergy System. The new EMS provides users the
ability to control their energy usage; thus, directly affecting the carbon discharge
they release into the environment.
The global smart home energy management system market
is categorized based on product type, end user or application, and region.
Based on product type, the market is categorized into smart meter, gateway, and
others. Based on end user, the market is categorized into industrial building,
commercial building, residential building, and others. Based on region, the
market is divided into China, Japan, India, Southeast Asia, Europe, and North
America.
The North America region is likely to have a faster growth
compared to other regions over the forecast period. The region is also anticipated
to account for a considerable amount of the overall market share during the
forecast years. The US and Canada are expected to be the maximum
revenue-generating nations in this region as a result of strong presence of
various key companies such as Nest Labs, Logitech, and General Electric Co.
These companies focus on developing more economic, convenient, and efficient HEM
systems and solutions due to high need for advancements and innovations in
terms of technology. This factor is predicted to have a positive impact on the region’s
expansion over the next few years.
In addition, the region also has a developed
infrastructure providing better connectivity, which is contributing toward the surging
demand for advanced systems and devices. This factor is also projected to boost
the North America regional market over the forecast period. The Southeast Asia region
is also predicted to have a substantial growth at a healthy CAGR from 2016 to 2022.
This expansion is attributed to the rapid technological developments in smart
HEM along with the rising awareness among people about using energy-efficient
systems and devices. In addition, the presence of lucrative, emerging economies
with high growth opportunities is also anticipated to augment the regional
market development.
Some of the key companies operating in the global smart home energy management system market include International Business Machines (IBM) Corp.; Electronics and Telecommunications Research Institute; Invensys Building Systems, Inc.; Intel-GE Care Innovations, LLC; Robert Bosch GmbH; and General Electric Co.
For More Details: https://www.radiantinsights.com
Comments
Post a Comment