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Tuesday 19 June 2018

Smart Home Energy Management System Market- Global Industry Research, Trends and Professional Survey Report 2018

According to the findings of a report available on Radiant Insights, Inc.; the smart home energy management system market is anticipated to show significant growth by 2022. A smart home energy management (EMS) system enables its users to keep complete track of energy consumption to save on energy expenses. These solutions can be widely implemented in residential buildings, commercial buildings, industrial buildings, and others. Some products used in a smart EMS setup include gateways, smart meters, and others.

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Intelligent solutions are on the rise with prominent companies capitalizing on the latest technologies to offer cost-effective solutions. On January 2017, Honeywell announced that it will provide intelligent home energy management software. It can be useful for maintaining grid stability and cut energy costs. The company is partnering with Whisker Labs for integrating its Connected Savings Intelligent Demand Side Management (IDSM) technology platform for utilities.

On July 11, 2017, Powerley announced a home energy management solution called AEP Ohio for its residential clients. It can be used to control the company’s software platform and end-to-end hardware and can offer real-time energy management. The mobile application is available on Apple Store and Google Play for its customers.

Demand Energy, subsidiary of Enel Group has recently developed a Distributed Energy Network Optimization System (DEN.OS) Platform, based on Behind-the-Meter (BTM) energy management system. This platform can be beneficial for supporting utility as well as BTM projects and microgrids.

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Recently, Bell, a Canada based telecommunication company announced that it will use EMS for guiding Canadian businesses to manage energy usage.  The company will collaborate with Gridpoint to implement EMS.

Factors such as growing real-time energy conservation tactics and improved device interconnectivity can propel the smart home energy management system market.  In addition, rising awareness and technological advancements such as suitability of cloud computing and data analytics can boost market growth. North America is likely to exhibit a rapid growth during the forecast period. Asia Pacific is also expected to grow rapidly due to huge implementation of HEMS devices. Some of the leading players operating in the market include Indesit Company, IBM Corporation, Nokia Corporation, Robert Bosch GmbH, and Koninklijke Philips N.V.

Radiant Insights, Inc., provides a comprehensive review of market trends and estimates for global as well as major regional markets. It also provides insights on strategic activities of leading companies worldwide.

Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com

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