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World Home Energy Management Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773042
  • Report
  • Region: Global
  • Allied Analytics LLP
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A home energy management system facilitates a user in order to manage the energy consumption in a house. The upcoming industry provides solutions to various home owners which efficiently optimizes their energy requirements and consequently enhances performance.

The technology provides numerous benefits to user such as reduced energy spending, security from theft and improved performance of equipment. The solutions are gaining popularity among users in order to protect their electronic assets. The research elaborates the competitive strategies for businesses with detailed market dynamics.

The market is driven by increasing demand of energy management solutions and rising differences in energy distribution prices across world. The market faces limitations due to high cost of installation and lack of awareness. The growth opportunities of the market are due to increasing awareness and government regulations.

Home Energy Management Market by Type

According to integration types, market is classified into segments such as control devices, user interfaces and enabling technologies. Control device segment is dominating the market due to functionalities such as home lighting, automation systems, etc. However, in future, enabling technologies are expected to grow rapidly due to increasing use of technologies such as sensing, energy management, etc.

Home Energy Management Market by Technology

According to technologies, market is categorized into technology types such as Wi-Fi, Zigbee, Z-Wave, homeplug and others. Wi-fi technology is currently leading the market, which is expected to be surpassed by Zigbee in future. Zigbee is becoming more popular due to higher scalability and interface support.

Home Energy Management Market by Geography

Geographically, market is segmented into regions such as North America, Europe, Asia-Pacific, Middle East & Africa and Rest of the World (RoW). North American region is leading the market due to increased deployment of services such as wi-fi and home area network. European region is expected to drive the growth in future due to rapidly increasing roll-out of smart meters.

Competitive Landscape

To penetrate into the home automation market, companies are adopting strategies such as product innovations. For example, AlertMe has lauched cloud based water heating solution. The market is fragmented into numerous players such as Panasonic Corporation, Honeywell International, Inc., Intel Corporation, Sharp Corporation, AlertMe.com Ltd., General Electricals, Vivint Inc., Freescales Semiconductors, Inc. Schneider Electric SA and Cisco Systems, Inc.

High Level Analysis

The bargaining power of customers is expected to increase due to entry of multiple companies in the market. Whereas, the bargaining power of suppliers is expected to remain moderate due to easier availability of necessary equipment. Degree of intersegment rivalry is expected rise higher as numerous players are present in the market and many other players are expected to step in. Threat of substitutes is low/moderate due to unavailability of feasible substitutes.

KEY BENEFITS

The report explains advantages of automated home energy management as compared to conventional system. The advantages help to understand business opportunities in the market
The market dynamics explained in the report evaluates market potential
Porter’s five forces analysis and value chain models help to formulate strategies for the upcoming home automation market
Trends and market figures forecast for the period 2014-2020 by statistically analyzing base figures. The figures assist top level management in effective business planning

Key Deliverables

The global home energy management market is classified according to technology, type and geographies.

Market by Type

Control devices
User interfaces
Enabling technologies

Market by Technology

Wi-fi
Zig-bee
Z-wave
Homeplug
Others

Market by Geography

North Ame



* This report will be delivered in 12 Business Days. *
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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