Search results for: 'taking device'

Rising energy costs and growing environmental concerns are leading to an increase in the demand for energy-efficient solutions for buildings. Smart thermostats provide a convenient and effective way to reduce energy consumption and save money on heating and cooling bills. Consumer demand to automate and control home environments is making smart the...

The proliferation of smart devices in residences across the globe has risen over the last two years. Smart thermostat is one such device that has seen traction, especially in regions like North America and Europe. Once considered as expensive devices with complicated controls, smart thermostats have become consumer friendly and light on the pocket ...

22 Jan 2016  |  Europe  |  Market Research

New Growth Opportunities in European HEMS and BEMS Market, 2016

Consumer Concerns Over Energy Consumption, Adoption of ICT Solutions and Compliance With EU Directives to Drive Double-digit Growth

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The Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS) market in Europe is poised for a period of strong growth. Demand will be spurred by the trend of customers taking increasing control over their energy consumption patterns to reduce costs, increase energy efficiency, and reduce the environmental impact. The mark...

The Building Energy Management Systems (BEMS) is a globally evolving market that is poised for double-digit growth for the next 7 years. BEMS is primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, energy efficiency regulations, state incentives for buildings to install energy management systems, ...

Home energy management systems (HEMS) is a technology platform that monitors, manages, and controls home functions such as HVAC, lighting, solar PV, and other appliances in a residential building. The HEMS market is expected to grow at an accelerated rate for the next 7 years. The concept of HEMS has evolved over the last few years, where the focus...

The smart and connected homes market is in a high growth phase at the moment, but it is also riddled with uncertainty about what will happen next in terms of technology, applications, business models, suppliers, and customer demographics. This study takes a detailed look at the expectation and requirements of end customers in Europe by examining at...

20 May 2015  |  Europe  |  Market Research

Analysis of the European Smart Thermostats Market

Booming Demand, Channel Diversification, and Business Model Innovation are Delivering Rapid Growth Across Europe

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The European smart thermostats market has evolved as a part of building automation market, but it is expected to take a stand-alone position with very high levels of growth through 2019 and beyond. Driven by the arrival of new and creative suppliers and the high interest levels among customers for the management and control of home energy consumpti...

Li-Fi and optical camera communications (OCC) are emerging light communication technologies that have gained traction in the past few years in indoor and outdoor wireless communications. Li-Fi is a networked, bi-directional wireless communication technology that uses light to transmit/receive massive amounts of data at higher speeds for short-range...

28 Aug 2019  |  Global  |  Market Research

Global Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS) Market, Forecast to 2025

Energy Efficiency Legislation, Customer Awareness, and Commitment to Sustainability are Crucial for Accelerated Market Growth

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Key Issues Addressed

The Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS) market is dynamic and poised for accelerated growth for the next 7 years. BEMS is primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, energy efficiency legislation, state incentives for buildings to install en...