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Follow on Google News | Home Energy Management Systems Market (HEMS) is expected to hit at a CAGR of 22.3% from 2015 to 2023Credence Research, Inc published a new research report on "Home Energy Management Systems Market (HEMS): Global Industry Analysis, Market Share and Forecast 2023" in there list.
By: Credence Research 
home- Product and Market Insights Home energy management systems (HEMS) are devices that allow home owners to control, monitor, and manage their electricity consumption optimally. The global home energy management systems (HEMS) market is currently in the budding stage of development. The industry has been determined to develop a universal platform capable of solving issues concerned with the interoperability, interface, and installation. Competitive Insights The global home energy management systems (HEMS) market is concentrated and technology driven. The top four home energy management system manufacturers account for over 45 percent of the global market revenue. Panasonic Corporation (Japan), Honeywell International, Inc. (the U.S.), Nest Labs, Inc. (the U.S.), General Electric Company (the U.S.), and Vivint, Inc. (the U.S.) are identified as some of the leading players in the home energy management systems (HEMS) market. Browse the full Home Energy Management Systems (HEMS) Market @http://www.credenceresearch.com/ Other players including Alarm.com (the U.S.), Ecobee (Canada), EnergyHub, Inc. (the U.S.), Comcast Cable (the U.S.), EcoFactor (U.S.), and Cisco Systems, Inc. (the U.S.) have been marked as some of the promising and emerging players in the global home energy management systems industry. The market competition is characterized by the presence of both core solution suppliers and application sub-system providers. Request For Customization: Their approach has been to offer energy management solutions as a part of home automation products and services. The new entrants in the home energy management systems market need substantial capital investment. Furthermore, to keep pace with the technological advancements, they are required to dedicate heavy budget for research and development activities. On the contrary, favorable government regulations promoting optimum electricity consumption is expected to have positive impact on the new players entering the market. As such, the market poses moderate threat to new entrants. Key Trends · Growing interest in residential demand response and roll-out of smart utility meters · Increasing efforts by manufacturers to develop multi-featured home energy management systems capable of connecting with multiple control devices and being managed from a remote location · Growing desire to manage electricity consumption and curb electricity bills Blog: http://prnewswireindustry.blogspot.com/ About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task. Media Contact Name: Chris Smith (Global Sales Manager) Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: http://www.credenceresearch.com End
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