DUBLIN, Nov. 26, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vb3p4j/global_home) has announced the addition of the "Global Home Energy Management Systems Market 2015-2019" report to their offering.
This report covers the present scenario and the growth prospects of the global HEMS market for the period 2015-2019. The analysts forecast the global HEMS market to grow at a CAGR of 26.8% over the period 2014-2019.
Commenting on the report, an analyst from the team said, One major trend in this market is rise in distributed generation. The use of distributed renewable power generation is helping households worldwide implement HEMS which will cause the demand for HEMS to increase during the forecast period. Surplus electricity generated from solar panels can be stored in batteries and can be sent back to the grids by the consumers through the HEMS.
According to the report, one key driver of this market is need for energy conservation. Energy management is considered to be one of most effective methods to reduce the energy usage in the residential sector. There are various processes involved in HEM, including recording, normalizing, analyzing, targeting, monitoring, reporting, and controlling.
Further, the report states that one of the major challenges is the high initial costs. Installing HEMS is highly expensive as it involves the use of many components such as sensors, displays, and software, which are interconnected to save energy consumption.
Key questions answered in this report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Cisco Systems
- GE Energy Management
- Honeywell International
- Schneider Electric
- Allure Energy
- C3 Energy
- Invensys Controls
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Products
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
For more information visit http://www.researchandmarkets.com/research/vb3p4j/global_home
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets