Home Energy Management System Market by Hardware (Control Device, Display/ Communication Device), by Communication Technology (Z-Wave, ZigBee, Wi-Fi) and by Software & Service (Behavioral, Proactive) - Global Forecast to 2022

 Published On: Feb, 2016 |    No of Pages: 132 |  Published By: MarketsandMarkets | Format: PDF
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Global HEMS– market size and drivers

The global market for HEMS is expected to grow at a CAGR of 18.36% between 2016 and 2022 from USD 864.2 million in 2015 to USD 3.15 billion by 2022. The market is expected to be driven by the increasing real-time energy conservation approach, convenience of cloud computing and data analytics, and increased device interconnectivity.

ZigBee technology is expected to grow at the highest rate in the HEMS market

With the growing potential and awareness the ZigBee protocol is expected to grow at a faster pace. As it can be structured in a variety of topologies such as mesh, stellate, and tree, ZigBee is widely preferred by most of the HEMS providers. ZigBee is preferred for applications related to low data rate, long battery life, and secure networking. As a result of the advanced features and excellent compatibility provided by this protocol, most of the Fortune 500 companies are supporting and joining the ZigBee alliance. This factor is expected to have a high influence on the high growth of ZigBee technology across the globe, during the forecast period.

North Americas and Asia-Pacific are major markets

North America accounted for the largest share of the global HEMS market in 2015 because of the growing necessity of energy conservation in the homes and better and customized services provided by the HEMS providers in the U.S., Canada, and Mexico. The HEMS market in Asia-Pacific, however, is expected to grow at the highest rate. This region has a considerable market in countries such as China, Japan, Australia, and the Rest of APAC (RoAPAC). Currently, Japan is considered to be a huge market for HEMS because of the considerable implementation rate of various control devices such as lighting controllers and smart meters in this country. Economies such as Australia, China, India, Singapore, and Malaysia among others are expected to grow at a high growth rate for home automation products during the forecast period.

In the process of determining and verifying the market size for several segments and sub-segments gathered through the secondary research, extensive primary interviews were conducted with key people in the HEMS industry. The break-up of primary participants for the report is shown below:

• By Company type – Tier 1– 55%, Tier 2 – 20%, and Tier 3 – 25%
• By Designation – C-level – 43%, Manager level – 32%, and others – 25%
• By Region – North America – 60%, Europe – 25%, Asia-Pacific – 10%, and RoW – 5%

The report profiles key players in the HEMS market with their respective market share analysis. The prominent players profiled in this report are Honeywell International, Inc. (U.S.), Nest Labs, Inc. (U.S.), Ecobee (Canada), General Electric Company (U.S.), EnergyHub, Inc. (U.S.), Vivint, Inc. (U.S.), Panasonic Corporation (Japan), Alarm.com (U.S.), Ecofactor (U.S.), and Comcast Cable (Xfinity, U.S.).

The report will help leaders/new entrants in this market in the following ways:

1. This report segments the HEMS market comprehensively and provides the closest market size projection for all sub-segments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders better understand a competitor and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 12
1.3.1 MARKETS COVERED 12
1.4 CURRENCY 13
1.5 LIMITATION 14
1.6 STAKEHOLDERS 14

2 RESEARCH DESIGN 15
2.1 MARKET SIZE ESTIMATION 16
2.1.1 BOTTOM-UP APPROACH 17
2.1.2 TOP-DOWN APPROACH 17
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 18
2.3 MARKET SHARE ESTIMATION 19
2.3.1 KEY DATA FROM SECONDARY SOURCES 20
2.3.2 KEY DATA FROM PRIMARY SOURCES 20
2.4 ASSUMPTIONS 21

3 EXECUTIVE SUMMARY 22

4 PREMIUM INSIGHTS 26
4.1 OPPORTUNITIES IN THE HEMS MARKET 26
4.2 HEMS MARKET—TOP CONTROL DEVICES 26
4.3 THE HEMS MARKET BASED ON COMMUNICATION TECHNOLOGY AND GEOGRAPHY 27
4.4 NORTH AMERICA DOMINATED THE HEMS MARKET IN 2015 28
4.5 GLOBAL HEMS MARKET SIZE BASED ON SOFTWARE & SERVICES (2015, 2016, AND 2022) 28

5 MARKET OVERVIEW 29
5.1 INTRODUCTION 30
5.2 MARKET SEGMENTATION 30
5.2.1 HEMS MARKET, BY HARDWARE 30
5.2.2 HEMS MARKET, BY COMMUNICATION TECHNOLOGY 30
5.2.3 HEMS MARKET, BY SOFTWARE/ SERVICE 31
5.2.4 HEMS MARKET, BY GEOGRAPHY 31
5.3 MARKET DYNAMICS 32
5.3.1 DRIVERS 32
5.3.1.1 Real-time energy conservation approach 32
5.3.1.2 Convenience of cloud computing and data analytics 33
5.3.1.3 Increased device interconnectivity 33
5.3.2 RESTRAINTS 34
5.3.2.1 Additional costs for supplementary tools and services 34
5.3.2.2 Supply-side of HEMS ecosystem affected due to low implementation rate in APAC 34
5.3.3 OPPORTUNITIES 35
5.3.3.1 Emerging growth of smart home industry 35
5.3.4 CHALLENGES 35
5.3.4.1 Large dependance on analytics software 35
5.3.4.2 Need for constant monitoring 36

6 INDUSTRY TRENDS 37
6.1 INTRODUCTION 37
6.2 VALUE CHAIN ANALYSIS 37
6.3 PORTER’S ANALYSIS 38
6.3.1 THREAT OF NEW ENTRANTS 39
6.3.2 THREAT OF SUBSTITUTES 40
6.3.3 BARGAINING POWER OF SUPPLIERS 41
6.3.4 BARGAINING POWER OF BUYERS 42
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 43

7 MARKET, BY HARDWARE 44
7.1 INTRODUCTION 45
7.2 CONTROL DEVICE 46
7.2.1 LIGHTING CONTROLLER 49
7.2.2 SENSOR 50
7.2.3 SMART METER 51
7.2.4 SMART PLUG/ STRIP 52
7.2.5 THERMOSTAT 53
7.3 DISPLAY/ COMMUNICATION DEVICE 54

8 MARKET, BY COMMUNICATION TECHNOLOGY 57
8.1 INTRODUCTION 58
8.2 Z-WAVE 60
8.3 ZIGBEE 61
8.4 WI-FI 62
8.5 OTHER COMMUNICATION TECHNOLOGIES 63

9 MARKET, BY SOFTWARE & SERVICE 64
9.1 INTRODUCTION 65
9.2 BEHAVIORAL 67
9.3 PROACTIVE 68

10 MARKET, BY GEOGRAPHY 70
10.1 INTRODUCTION 71
10.2 NORTH AMERICA 72
10.3 EUROPE 78
10.4 APAC 83
10.5 REST OF THE WORLD (ROW) 89

11 COMPETITIVE LANDSCAPE 93
11.1 OVERVIEW 93
11.2 MARKET SHARE ANALYSIS, HEMS SYSTEM MARKET 94
11.3 COMPETITIVE SITUATION AND TRENDS 95
11.3.1 NEW PRODUCT LAUNCHES 96
11.3.2 CONTRACTS, COLLABORATIONS, AND AGREEMENTS 97
11.3.3 MERGERS AND ACQUISITIONS 98

12 COMPANY PROFILES 99 (Overview, Products & Services, Strategies & Insights, Developments and MnM View )*
12.1 HONEYWELL INTERNATIONAL, INC. 100
12.2 NEST LABS, INC. 103
12.3 VIVINT, INC. 106
12.4 GENERAL ELECTRIC COMPANY 109
12.5 ECOBEE, INC. 112
12.6 ALARM.COM 114
12.7 COMCAST CABLE (XFINITY) 116
12.8 PANASONIC CORPORATION 118
12.9 ECOFACTOR, INC. 120
12.10 ENERGYHUB, INC. 122

*Details on MarketsandMarkets View, Overview, Products & Services, Financials and Strategy & Analyst Insights might not be captured in case of unlisted companies.

13 APPENDIX 124
13.1 INSIGHTS OF INDUSTRY EXPERTS 124
13.2 DISCUSSION GUIDE 125
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 127
13.4 AVAILABLE CUSTOMIZATIONS 129
13.5 RELATED REPORTS 130

LIST OF TABLES

TABLE 1 GLOBAL HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 22
TABLE 2 HEMS MARKET SIZE, BY SOFTWARE AND SERVICE, 2014–2022 (USD MILLION) 23
TABLE 3 NORTH AMERICA: HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 25
TABLE 4 DRIVER ANALYSIS 34
TABLE 5 RESTRAINT ANALYSIS 35
TABLE 6 HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 45
TABLE 7 HEMS MARKET SIZE FOR HARDWARE, BY REGION, 2014–2022 (USD MILLION) 46
TABLE 8 HEMS MARKET SIZE FOR HARDWARE, BY CONTROL DEVICE, 2014–2022 (USD MILLION) 47
TABLE 9 HEMS MARKET SIZE FOR CONTROL DEVICES, BY REGION, 2014–2022 (USD MILLION) 48
TABLE 10 HEMS MARKET SIZE FOR HARDWARE, BY CONTROL DEVICE, 2014–2022 (THOUSAND UNITS) 48
TABLE 11 HEMS MARKET SIZE FOR LIGHTING CONTROLLERS, BY REGION, 2014–2022 (USD MILLION) 49
TABLE 12 HEMS MARKET SIZE FOR SENSORS, BY REGION, 2014–2022 (USD MILLION) 50
TABLE 13 HEMS MARKET SIZE FOR SMART METERS, BY REGION, 2014–2022 (USD MILLION) 51
TABLE 14 HEMS MARKET FOR SMART PLUGS/ STRIPS, BY REGION, 2014–2022 (USD MILLION) 52
TABLE 15 HEMS MARKET SIZE FOR THERMOSTATS, BY REGION, 2014–2022 (USD MILLION) 53
TABLE 16 HEMS MARKET FOR HARDWARE , BY DISPLAY/ COMMUNICATION DEVICE, 2014–2022 (USD MILLION) 54
TABLE 17 HEMS MARKET SIZE FOR DISPLAY/ COMMUNICATION DEVICES, BY REGION, 2014–2022 (USD MILLION) 55
TABLE 18 HEMS MARKET SIZE FOR MONITORING/ DISPLAY SYSTEMS, BY REGION, 2014–2022 (USD MILLION) 55
TABLE 19 HEMS MARKET SIZE FOR COMMUNICATION DEVICES, BY REGION, 2014–2022 (USD MILLION) 56
TABLE 20 HEMS MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2014–2022 (USD MILLION) 59
TABLE 21 HEMS MARKET SIZE FOR COMMUNICATION TECHNOLOGY, BY REGION, 2014-2022 (USD MILLION) 59
TABLE 22 HEMS MARKET SIZE FOR Z-WAVE, BY REGION, 2014–2022 (USD MILLION) 60
TABLE 23 HEMS MARKET SIZE FOR ZIGBEE, BY REGION, 2014–2022 (USD MILLION) 61
TABLE 24 HEMS MARKET FOR WI-FI, BY REGION, 2014–2022 (USD MILLION) 62
TABLE 25 HEMS MARKET FOR OTHER COMMUNICATION TECHNOLOGIES, BY REGION, 2014–2022 (USD MILLION) 63
TABLE 26 HEMS MARKET SIZE, BY SOFTWARE & SERVICE, 2014–2022 (USD MILLION) 66
TABLE 27 HEMS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2014–2022 (USD MILLION) 67
TABLE 28 HEMS MARKET SIZE FOR BEHAVIORAL, BY REGION, 2014–2022 (USD MILLION) 67
TABLE 29 HEMS MARKET SIZE FOR PROACTIVE, BY REGION, 2014–2022 (USD MILLION) 68
TABLE 30 HEMS MARKET SIZE, BY REGION, 2014–2022 (USD MILLION) 71
TABLE 31 NORTH AMERICA: HEMS MARKET SIZE, BY COUNTRY, 2014–2022 (USD MILLION) 74
TABLE 32 NORTH AMERICA : HEMS MARKET SIZE, BY SEGMENT, 2014–2022 (USD MILLION) 74
TABLE 33 NORTH AMERICA: HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 74
TABLE 34 NORTH AMERICA: HEMS MARKET SIZE, BY CONTROL DEVICE, 2014–2022 (USD MILLION) 75
TABLE 35 NORTH AMERICA: HEMS MARKET SIZE, BY DISPLAY/ COMMUNICATION DEVICE, 2014–2022 (USD MILLION) 75
TABLE 36 NORTH AMERICA: HEMS MARKET SIZE FOR HARDWARE, BY COUNTRY, 2014–2022 (USD MILLION) 76
TABLE 37 NORTH AMERICA: HEMS MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2014–2022 (USD MILLION) 76
TABLE 38 NORTH AMERICA: HEMS MARKET SIZE FOR COMMUNICATION TECHNOLOGY, BY COUNTRY, 2014–2022 (USD MILLION) 77
TABLE 39 NORTH AMERICA: HEMS MARKET SIZE, BY SOFTWARE & SERVICE, 2014–2022 (USD MILLION) 77
TABLE 40 NORTH AMERICA: HEMS MARKET SIZE FOR SOFTWARE & SERVICE, BY COUNTRY, 2014–2022 (USD MILLION) 77
TABLE 41 EUROPE: HEMS MARKET SIZE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 79
TABLE 42 EUROPE: HEMS MARKET SIZE, BY SEGMENT, 2014–2022 (USD MILLION) 79
TABLE 43 EUROPE: HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 79
TABLE 44 EUROPE: HEMS MARKET SIZE FOR HARDWARE, BY CONTROL DEVICE, 2014–2022 (USD MILLION) 80
TABLE 45 EUROPE: HEMS MARKET SIZE, BY DISPLAY/ COMMUNICATION DEVICE, 2014–2022 (USD MILLION) 80
TABLE 46 EUROPE: HEMS MARKET SIZE FOR HARDWARE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 81
TABLE 47 EUROPE: HEMS MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2014–2022 (USD MILLION) 81
TABLE 48 EUROPE: HEMS MARKET SIZE FOR COMMUNICATION TECHNOLOGY, BY GEOGRAPHY, 2014–2022 (USD MILLION) 82
TABLE 49 EUROPE: HEMS MARKET SIZE, BY SOFTWARE & SERVICE, 2014–2022 (USD MILLION) 82
TABLE 50 EUROPE: HEMS MARKET SIZE FOR SOFTWARE & SERVICE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 83
TABLE 51 APAC: HEMS MARKET SIZE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 85
TABLE 52 APAC: HEMS MARKET SIZE, BY SEGMENT, 2014–2022 (USD MILLION) 85
TABLE 53 APAC: HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 86
TABLE 54 APAC: HEMS MARKET SIZE, BY CONTROL DEVICE, 2014–2022 (USD MILLION) 86
TABLE 55 APAC: HEMS MARKET SIZE, BY DISPLAY/ COMMUNICATION DEVICE, 2014–2022 (USD MILLION) 86
TABLE 56 APAC: HEMS MARKET SIZE FOR HARDWARE, BY GEOGRAPHY, 2014–2022 (USD MILLION) 87
TABLE 57 APAC: HEMS MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2014–2022 (USD MILLION) 87
TABLE 58 APAC: HEMS MARKET SIZE FOR COMMUNICATION TECHNOLOGY, BY GEOGRAPHY, 2014–2022 (USD MILLION) 88
TABLE 59 APAC: HEMS MARKET SIZE, BY SOFTWARE & SERVICE, 2014–2022 (USD MILLION) 88
TABLE 60 APAC: HEMS MARKET FOR SOFTWARE & SERVICES, BY GEOGRAPHY, 2014–2022 (USD MILLION) 88
TABLE 61 ROW: HEMS MARKET SIZE, BY REGION, 2014–2022 (USD MILLION) 89
TABLE 62 ROW: HEMS MARKET SIZE, BY SEGMENT, 2014–2022 (USD MILLION) 89
TABLE 63 ROW: HEMS MARKET SIZE, BY HARDWARE, 2014–2022 (USD MILLION) 90
TABLE 64 ROW: HEMS MARKET SIZE, BY CONTROL DEVICE, 2014–2022 (USD MILLION) 90
TABLE 65 ROW: HEMS MARKET SIZE, BY DISPLAY/ COMMUNICATION DEVICE, 2014–2022 (USD MILLION) 90
TABLE 66 ROW: HEMS MARKET SIZE FOR HARDWARE, BY REGION, 2014–2022 (USD MILLION) 91
TABLE 67 ROW: HEMS MARKET SIZE, BY COMMUNICATION TECHNOLOGY, 2014–2022 (USD MILLION) 91
TABLE 68 ROW: HEMS MARKET SIZE FOR COMMUNICATION TECHNOLOGY MARKET SIZE, BY REGION, 2014–2022 (USD MILLION) 91
TABLE 69 ROW: HEMS MARKET SIZE, BY SOFTWARE & SERVICE, 2014–2022 (USD MILLION) 92
TABLE 70 ROW: HEMS MARKET SIZE FOR SOFTWARE & SERVICES, BY REGION, 2014–2022 (USD MILLION) 92
TABLE 71 NEW PRODUCT LAUNCHES, 2013-2015 96
TABLE 72 CONTRACTS, COLLABORATIONS AND AGREEMENTS, 2013-2015 97
TABLE 73 MERGERS AND ACQUISITIONS, 2013-2015 98

LIST OF FIGURES

FIGURE 1 MARKET SEGMENTS 13
FIGURE 2 YEARS CONSIDERED FOR THE STUDY 13
FIGURE 3 HEMS MARKET: RESEARCH DESIGN 15
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 17
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 18
FIGURE 6 HEMS MARKET: DATA TRIANGULATION MODEL 19
FIGURE 7 HEMS MARKET, BY COMMUNICATION TECHNOLOGY SNAPSHOT: THE ZIGBEE PROTOCOL EXPECTED TO WITNESS A HIGH GROWTH BETWEEN 2016–2022 23
FIGURE 8 HEMS MARKET, BY GEOGRAPHY, SNAPSHOT (2015 VS. 2022): APAC TO WITNESS THE HIGHEST GROWTH DURING THE FORECAST PERIOD 24
FIGURE 9 ATTRACTIVE MARKET OPPORTUNITIES FOR THE HEMS MARKET (2016–2022) 26
FIGURE 10 THERMOSTATS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD 26
FIGURE 11 WI-FI HELD THE LARGEST SHARE IN THE HEMS MARKET 27
FIGURE 12 CHINA AND AUSTRALIA EXPECTED TO GROW AT THE HIGHEST RATE BY 2022 28
FIGURE 13 PROACTIVE SOLUTIONS TO HOLD THE LARGEST SHARE IN THE GLOBAL HEMS MARKET ON THE BASIS OF SOFTWARE & SERVICES 28
FIGURE 14 BY GEOGRAPHY 31
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR THE HEMS MARKET 32
FIGURE 16 VALUE CHAIN ANALYSIS: SOFTWARE AND SERVICE PROVIDERS TO GENERATE MAXIMUM REVENUE IN THE HEMS INDUSTRY 37
FIGURE 17 PORTER’S ANALYSIS 38
FIGURE 18 PORTER’S ANALYSIS: HEMS MARKET 39
FIGURE 19 THREAT OF NEW ENTRANTS 39
FIGURE 20 THREAT OF SUBSTITUTES 40
FIGURE 21 BARGAINING POWER OF SUPPLIERS 41
FIGURE 22 BARGAINING POWER OF BUYERS 42
FIGURE 23 INTENSITY OF COMPETITIVE RIVALRY 43
FIGURE 24 HEMS MARKET SIZE FOR HARDWARE, BY CONTROL DEVICE (USD MILLION) 45
FIGURE 25 HEMS MARKET, BY COMMUNICATION TECHNOLOGY, 2015 AND 2022 58
FIGURE 26 HEMS MARKET, BY SOFTWARE & SERVICE, 2015-2022 (USD MILLION) 66
FIGURE 27 GEOGRAPHIC SNAPSHOT OF THE HEMS MARKET (2016–2022) 72
FIGURE 28 NORTH AMERICA: HEMS MARKET SNAPSHOT 73
FIGURE 29 THE U.K. HELD THE LARGEST SHARE OF THE HEMS MARKET IN EUROPE, IN 2015 78
FIGURE 30 APAC: HEMS MARKET SNAPSHOT—CHINA TO BE THE MOST LUCRATIVE MARKET DURING THE FORECAST PERIOD 84
FIGURE 31 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AND MERGERS AND ACQUISITIONS AS THE KEY GROWTH STRATEGIES BETWEEN 2013 AND 2015 93
FIGURE 32 GLOBAL HEMS MARKET SHARE, BY KEY PLAYER, 2015 94
FIGURE 33 MARKET EVOLUTION FRAMEWORK—NEW PRODUCT LAUNCHES FUELED THE MARKET GROWTH IN 2015 95
FIGURE 34 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY 95
FIGURE 35 GEOGRAPHY REVENUE MIX 99
FIGURE 36 HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT 100
FIGURE 37 HONEYWELL INTERNATIONAL, INC: SWOT ANALYSIS 102
FIGURE 38 NEST LABS, INC.: SWOT ANALYSIS 105
FIGURE 39 VIVINT, INC.: COMPANY SNAPSHOT 106
FIGURE 40 VIVINT, INC.: SWOT ANALYSIS 108
FIGURE 41 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 109
FIGURE 42 GENERAL ELECTRIC COMPANY: SWOT ANALYSIS 111
FIGURE 43 ECOBEE, INC.: SWOT ANALYSIS 113
FIGURE 44 ALARM.COM: COMPANY SNAPSHOT 114
FIGURE 45 COMCAST CORPORATION: COMPANY SNAPSHOT 116
FIGURE 46 PANASONIC CORPORATION: COMPANY SNAPSHOT 118


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