Global Home Energy Management Systems Market to Reach $7.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Home Energy Management Systems estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 15% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 13.6% CAGR and reach US$3.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 16.9% CAGR for the next 7-year period.The U.S. Market is Estimated at $879.6 Million, While China is Forecast to Grow at 14.5% CAGR
The Home Energy Management Systems market in the U.S. is estimated at US$879.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 14.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 12.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.Services Segment to Record 14.9% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 14.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$568.2 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 27 Featured) -
- Allure Energy Inc.
- C3 IoT
- Capgemini SE
- Cisco Systems, Inc.
- GE Appliances
- Hitachi Chemical Co., Ltd.
- Honeywell International, Inc.
- Intel Corporation
- Johnson Controls, Inc.
- Panasonic Corporation
- Schneider Electric SA
- Siemens AG
- SmartThings
- Toshiba Corporation
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 237 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 3 Billion |
Forecasted Market Value ( USD | $ 7.9 Billion |
Compound Annual Growth Rate | 14.8% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- Allure Energy Inc.
- C3 IoT
- Capgemini SE
- Cisco Systems, Inc.
- GE Appliances
- Hitachi Chemical Co., Ltd.
- Honeywell International, Inc.
- Intel Corporation
- Johnson Controls, Inc.
- Panasonic Corporation
- Schneider Electric SA
- Siemens AG
- SmartThings
- Toshiba Corporation