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

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

RELEASE DATE
28-Aug-2019
REGION
Global
Research Code: ME0B-01-00-00-00
SKU: EN01145-GL-MR_23468

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Description

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 energy management systems, the increasing energy performance contracts market, and increasing customer awareness about BEMS and increasing penetration of building IoT. 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 concept of HEMS has evolved over the last few years, where the focus has changed from being a simple HEMS deployed by utilities to a valuable component that is now a part of smart homes. The driving factors of HEMS are quite similar to the BEMS market, but some of the key driving factors that were identified unique to HEMS include the increasing trend of electricity prices, the lack of commitment from utilities, the increasing demand for distributed energy generation, and the increasing know-how about HEMS among customers. The BEMS market has witnessed high growth in 2018 and has earned a revenue of $3,950.4 million, having grown by 9.1% from 2017. The HEMS market witnessed accelerated growth in 2018 and has earned a revenue of $1,772.0 million, having grown by 21.0% from 2017.

Frost & Sullivan has segmented the overall market into HEMS and BEMS, based on solutions offered by participants such as hardware, software, and services, and also based on end-user verticals such as commercial, industrial, healthcare, education, and others. The geographies covered in the research are North America, Europe, Asia-Pacific, and Rest of World.

The scope of this study covers hardware, software, and services for BEMS and only hardware and software for HEMS. BEMS hardware includes controllers that control field-level devices and gateways that interface with the management layer. BEMS software includes dashboard applications and cloud-based optimisation software. BEMS services include software implementation and software maintenance and support. HEMS hardware includes hub device/gateways, smart plugs, and smart clamps. HEMS software includes mobile and dashboard applications. The study does not include field-level devices such as sensors and actuators.

Johnson Controls, Honeywell, Siemens, and Schneider Electric are the leading companies offering BEMS solutions. Lucid, BuildingIQ, EcoEnergy Insights, Switch Automation, Daikin Applied, Enel X, Engie Insight, GridPoint, Current by GE, Ecolibrium Energy, Wegowise, Verdigris are some of the emerging companies offering BEMS. HEMS participants include Honeywell, Green Energy Options, Greenwave Systems, Tendril, Panasonic, British Gas, Xiaomi, D-Link, TP-Link, Sense, Verv, Neurio, Ecoisme, Curb, Belkin, Fibaro, and so on. Frost & Sullivan has identified key growth opportunities, such as IoT-enabled building systems, data analytics and cloud, secured open-source platforms, and customer-centric models, for participants to explore and stay ahead in the competition.

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Does energy efficiency play a critical role in the adoption of HEMS and BEMS?
  • How dynamic is the market? Are emerging participants stealing the market share from leading participants?
  • What are the different sales distribution channels present in the HEMS and BEMS market? Are they likely to change in future?
  • What are the growth opportunities and critical success factors for the participants to explore and compete hard in this market?

Author: Anirudh Bhaskaran

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Associated Research and Multimedia on Building Energy Management

Market Definitions

Market Definitions—HEMS and BEMS Product Hierarchy

Market Definitions—Product Hierarchy and BEMS Architecture

Market Definitions—Product Hierarchy and HEMS Architecture

Market Definitions—BEMS Examples

Market Definitions—BEMS Examples (continued)

Market Definitions—HEMS Examples

Key Questions this Study will Answer

Market Segmentation

Market Segmentation (continued)

Market Segmentation (continued)

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Pricing Trends

Pricing Trends Discussion

Pricing Trends Discussion (continued)

Per Cent Revenue Forecast by Region

Revenue Forecast by Region

Global Hot Spots

Revenue Forecast by End Users

Revenue Forecast Discussion by End Users

Per Cent Revenue Forecast by Distribution Channel

Per Cent Revenue Forecast Discussion by Distribution Channel

Market Share

Market Share Analysis

Competitive Environment

Competitive Factors and Assessment

Growth Opportunity 1—IoT-enabled Building Systems

Growth Opportunity 2—Data Analytics and Cloud

Growth Opportunity 3—Secured Open Source Platform

Growth Opportunity 4—Customer-centric Model

Strategic Imperatives for Success and Growth

HEMS Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Per Cent Revenue Breakdown by Region

Per Cent Revenue Forecast by Distribution Channel

Per Cent Revenue Forecast Discussion by Distribution Channel

Market Share

Market Share Analysis

Competitive Environment

BEMS Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Per Cent Revenue Breakdown by Region

Per Cent Revenue Forecast by Distribution Channel

Per Cent Revenue Forecast Discussion by Distribution Channel

Market Share

Market Share Analysis

Competitive Environment

North America Key Findings

Revenue Forecast by Product Types

Revenue Forecast Discussion by Product Types

Market Share

Market Share Analysis

Competitive Environment

Europe Key Findings

Revenue Forecast by Product Types

Revenue Forecast Discussion by Product Types

Revenue Forecast Discussion by Product Types (continued)

Market Share

Market Share Analysis

Competitive Environment

Asia-Pacific Key Findings

Revenue Forecast by Product Types

Revenue Forecast Discussion by Product Types

Revenue Forecast Discussion by Product Types (continued)

Market Share

Market Share Analysis

Competitive Environment

Rest of World Key Findings

Revenue Forecast by Product Types

Revenue Forecast Discussion by Product Types

Revenue Forecast Discussion by Product Types (continued)

Market Share

Market Share Analysis

Competitive Environment

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Abbreviations

List of Companies in “Others”

List of Companies in “Others” (continued)

List of Companies in “Others” (continued)

Partial List of Companies Interviewed

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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 energy management systems, the increasing energy performance contracts market, and increasing customer awareness about BEMS and increasing penetration of building IoT. 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 concept of HEMS has evolved over the last few years, where the focus has changed from being a simple HEMS deployed by utilities to a valuable component that is now a part of smart homes. The driving factors of HEMS are quite similar to the BEMS market, but some of the key driving factors that were identified unique to HEMS include the increasing trend of electricity prices, the lack of commitment from utilities, the increasing demand for distributed energy generation, and the increasing know-how about HEMS among customers. The BEMS market has witnessed high growth in 2018 and has earned a revenue of $3,950.4 million, having grown by 9.1% from 2017. The HEMS market witnessed accelerated growth in 2018 and has earned a revenue of $1,772.0 million, having grown by 21.0% from 2017. Frost & Sullivan has segmented the overall market into HEMS and BEMS, based on solutions offered by participants such as hardware, software, and services, and also based on end-user verticals such as commercial, industrial, healthcare, education, and others. The geographies covered in the research are North America, Europe, Asia-Pacific, and Rest of World. The scope of this study covers hardware, software, and services for BEMS and only hardware and software for HEMS. BEMS hardware includes controllers that control field-level devices and gateways that interface with the management layer. BEMS software includes dashboard applications and cloud-based optimisation software. BEMS services include software implementation and software maintenance and support. HEMS hardware includes hub device/gateways, smart plugs, and smart clamps. HEMS software includes mobile and dashboard applications. The study does not include field-level devices such as sensors and actuators. Johnson Controls, Honeywell, Siemens, and Schneider Electric are the leading companies offering BEMS solutions. Lucid, BuildingIQ, EcoEnergy Insights, Switch Automation, Daikin Applied, Enel X, Engie Insight, GridPoint, Current by GE, Ecolibrium Energy, Wegowise, Verdigris are some of the emerging companies offering BEMS. HEMS participants include Honeywell, Green Energy Options, Greenwave Systems, Tendril, Panasonic, British Gas, Xiaomi, D-Link, TP-Link, Sense, Verv, Neurio, Ecoisme, Curb, Belkin, Fibaro, and so on. Frost & Sullivan has identified key growth opportunities, such as IoT-enabled building systems, data analytics and cloud, secured open-source platforms, and customer-centric models, for participants to explore and stay ahead in the competition.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Does energy efficiency play a critical role in the adoption of HEMS and BEMS?
  • How dynamic is the market? Are emerging participants stealing the market share from leading participants?
  • What are the different sales distribution channels present in the HEMS and BEMS market? Are they likely to change in future?
  • What are the growth opportunities and critical success factors for the participants to explore and compete hard in this market?

Author: Anirudh Bhaskaran

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