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  • February 2016
  • 132 pages
  • ID: 3670112
In this report:
Hence, the ZigBee market in APAC and Europe is expected to grow at a considerable CAGR of ##.##% and ##.##% between 2016 and 2022, respectively.
The hardware devices have become a major area of interest for the consumers and energy companies based out of the U.S. The hardware market in Canada and Mexico is expected to grow at a CAGR of ##.##% and ##.##%, respectively between 2016 and 2022.


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Global HEMS- market size and drivers:

The overall market for HEMS is anticipated to grow at a Compound annual growth rate of ~18.4 percent between 2016 and 2022 from $864.20M in 2015 to ~$3.2B by 2022. The sector is anticipated to be driven by the growing real-time energy conservation approach, convenience of cloud computing and data analytics, and rised device interconnectivity.

ZigBee technology is anticipated to increase at the highest level rate in the HEMS market

With the increasing potential and awareness the ZigBee protocol is anticipated to rise at a faster pace. As it can be structured in a variety of topologies including 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 specified by this protocol, most of the Fortune 500 firms are supporting and joining the ZigBee alliance. This factor is forecasted to have a high influence on the high rise of ZigBee technology across the world, during the estimate period.

North Americas and Asia-Pac are main sectors

North America continent recorded for the biggest share of the overall HEMS market in 2015 because of the increasing necessity of energy conservation in the homes and better and customized services specified by the HEMS providers in the U.S.A, Canada (CA), and Mexico (MX). The HEMS market in Asia Pacific (APAC), nevertheless, is anticipated to grow at the maximal rate. This area has a considerable market in countries including China (CN), Japan (JP), Australia (AU), and the Rest of Asia-Pac. Presently, Japan (JP) is considered to be a huge market for HEMS as a result of the considerable implementation rate of different control devices including lighting controllers and smart meters in this country. Economies including Australia, China (CN), India (IN), Singapore (SG), and Malaysia (MY) among others are anticipated to grow at a high increase rate for home automation products during the outlook period.

In the process of finding out and checking the market value for various segments and subsegments collected by the secondary research, extensive primary audit sessions were managed with main people in the HEMS sector. The break-up of primary participants for the study is shown below:

- By Company category - Tier 1 55.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 25.0 percent

- By Description - C-suite - 43.0 percent, Grade of manager - 32.0 percent, and others - 25.0 percent

- By area - North america (NA) - 60.0 percent, Europe - 25.0 percent, Asia-Pacific - 10.0 percent, and rest of the world - 5.0 percent

The report profiles top actors in the HEMS market with their respective market share review. The main players decribed in this business report are Honeywell (NYSE:HON), Nest Labs, Incorporated, Ecobee, General Electric (NYSE:GE), EnergyHub, Incorporated, Vivint, Incorporated, Panasonic (PCRFY), Alarm.com, Ecofactor, and Comcast Cable.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the HEMS market comprehensively and offers the closest market size projection for all sub-segments across different areas.

2. The market research benefits partners comprehend the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for industry growth.

3. This industry report would benefit partners better comprehend a competitor and obtain additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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