Home Energy Management Systems (HEMS) Market to Grow at Exponential CAGR of 25% till 2019 due to Rising Demand for Energy Conservation
The featured report from Transparency Market Research (TMR), titled “Home Energy Management Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, offers key insights on the market. According to this report, the global home energy management systems (HEMS) market will expand at a remarkable CAGR of 25.0% during the forecast period from 2013 to 2019. In 2012, the global home energy management systems market was worth US$393.8 million and by 2019, the market is projected to be worth US$1,909.4 million. The report evaluates the world energy market scenario. The report discusses how rising electricity prices worldwide have prompted homeowners to seek alternative means of monitoring and controlling their electricity use. The rising need for saving energy and controlled utilization of energy is expected to drive the demand for home energy management systems (HEMS) in the foreseeable future. Moreover, the variable pricing schemes offered for ...