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Global Home Energy Management Systems Market to Grow by 26.8% CAGR - Market Analysis & Forecast 2015-2019DUBLIN, 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 eergy 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.
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Report Structure: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 06. Market Landscape 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 For more information visit http://www.researchandmarkets.com/research/vb3p4j/global_home Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-home-energy-management-systems-market-to-grow-by-268-cagr---market-analysis--forecast-2015-2019-300184917.html SOURCE Research and Markets |