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The home energy management systems market is projected to grow by USD 1.97 Billion from 2024-2028, with AI impacting trends and rising smart grid adoption driving revenue – Technavio

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NEW YORK, Sept. 24, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Home Energy Management Systems market  size is estimated to grow by USD 1.97 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.01%  during the forecast period.  Growing adoption of smart grid technologies is driving market growth, with a trend towards growing investment in smart cities and smart homes  However, high cost of implementation and interoperability issues  poses a challenge – Key market players include Capgemini Service SAS, Carrier Global Corp., Cisco Systems Inc., Comcast Corp., ecobee, Emerson Electric Co., General Electric Co., Honeywell International Inc., Intel Corp., Johnson Controls International Plc., Lennox International Inc., Liricco Technologies Ltd., Panasonic Holdings Corp., Resideo Technologies Inc., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Snap One LLC, tado GmbH, and Vivint Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Hardware, Software, and Services), Product (Lighting controls, Programmable thermostats, Self-monitoring systems, and Advanced central controllers), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Capgemini Service SAS, Carrier Global Corp., Cisco Systems Inc., Comcast Corp., ecobee, Emerson Electric Co., General Electric Co., Honeywell International Inc., Intel Corp., Johnson Controls International Plc., Lennox International Inc., Liricco Technologies Ltd., Panasonic Holdings Corp., Resideo Technologies Inc., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Snap One LLC, tado GmbH, and Vivint Inc.

Key Market Trends Fueling Growth

The smart home market is experiencing significant growth as consumers seek to enhance convenience and efficiency in their living spaces. Advanced sensors and affordable technologies enable homeowners to connect and control appliances such as heating systems, lighting, air conditioning, computers, TVs, entertainment systems, security devices, and cameras using smartphones and tablets. Artificial intelligence predicts consumer preferences based on historical data. The rise of smart homes is driven by the increasing number of working couples with dual incomes in North America, Europe, and emerging economies in APAC. Governments worldwide are investing in smart city projects, particularly in the Middle East, increasing the demand for home energy management systems and fueling the growth of the global market.

The Home Energy Management Systems (HEMS) market is experiencing significant growth due to increasing concerns over greenhouse gas emissions and the need to reduce energy consumption. This Industry Analysis Report covers trends such as the adoption of hybrid technology, IoT technologies, and machine learning in HEMS. Key players like Iberdrola are leading the way with advanced central controllers, intelligent HVAC controllers, and self-monitoring systems. New construction and multi-family residences are embracing smart home technologies, including programmable communicating thermostats and smart meters. Deployment types include cloud deployment and Wi-Fi, with financial incentives like rebates and tax credits driving adoption. HEMS also supports smart grid development and EV charging. Power consumption data analytics and electricity usage patterns help homeowners reduce energy bills and carbon footprints. Advanced data analytics and artificial intelligence further optimize energy management strategies. Wireless protocols technology ensures seamless integration of various HEMS components. Overall, HEMS is a crucial technology for smart building development and reducing carbon footprints.

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Market Challenges

Home energy management systems (HEMS) offer significant energy savings by allowing homeowners to monitor and control their energy consumption in real-time. However, the high initial investment required to install these systems, which includes sensors, displays, software, and professional installation of smart thermostats, discourages many homeowners from adopting HEMS. The average cost of a smart thermostat ranges from USD250 to USD350, and additional installation fees add to the expense. Furthermore, maintenance costs are also high, increasing the overall cost of ownership. Another challenge is the use of proprietary communication technologies by various smart devices, which necessitates the use of a single platform or hub to ensure seamless integration and automation. This limits consumer choice and requires a significant investment in a single provider or multiple hubs, which may hinder the growth of the global HEMS market. In summary, the high initial and ongoing costs, along with the need for a single proprietary platform or hub, present significant barriers to the adoption of home energy management systems. These challenges may negatively impact the growth of the global HEMS market during the forecast period.The Home Energy Management Systems (HEMS) market is experiencing significant growth due to increasing concerns over greenhouse gas emissions and the need to reduce energy consumption and costs. The market comprises hardware like intelligent HVAC controllers, programmable communicating thermostats, and lighting controls, as well as software solutions and self-monitoring systems. HEMS utilizes hybrid technology, IoT, machine learning, and advanced data analytics, including artificial intelligence. Key players like Iberdrola are driving innovation through smart building development and smart grid integration. New construction and multi-family residences are prime targets for HEMS implementation. Financial incentives such as rebates, tax credits, and carbon footprint reduction are major drivers. HEMS also supports smart home technologies like Wi-Fi, Ethernet, and wireless protocols. The future of HEMS includes integration with electric vehicles (EVs), advanced central controllers, and cloud deployment for energy management strategies.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This home energy management systems market report extensively covers market segmentation by

Component 1.1 Hardware1.2 Software1.3 ServicesProduct 2.1 Lighting controls2.2 Programmable thermostats2.3 Self-monitoring systems2.4 Advanced central controllersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hardware-  The home energy management system market is driven by the growing adoption of advanced hardware components. This hardware includes a hub device that communicates between home events, users, and sometimes utilities or electricity retailers. Additional components, such as smart plugs, light sensors, and temperature sensors, can also be integrated. As communication and sensing technology advances, hardware is becoming a significant market focus. Wired sensor networks, with their increased reliability, longer service lives, and reduced interference, are gaining popularity. The expansion of the hardware segment is expected to boost the home energy management system market, as monitoring and controlling building operations becomes more prevalent. Consequently, the global home energy management systems market is anticipated to grow substantially during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

Research Analysis

The Home Energy Management Systems (HEMS) market is a rapidly growing sector in the energy industry, focused on optimizing energy consumption and cost savings in residential and commercial applications. HEMS integrates hardware and software solutions, including thermostat systems, intelligent HVAC controllers, and advanced central controllers, to manage and monitor energy usage in real-time. Wireless protocols technology, hybrid systems, and IoT integration are key trends driving market growth. New construction and deployment type are crucial factors influencing the market’s development. Industry Analysis Reports provide insights into market size, growth, trends, and opportunities. HEMS technology encompasses smart homes, electric vehicles (EVs), and lighting controls, with AI, machine learning, and advanced data analytics enhancing system capabilities. Wi-Fi and Ethernet are common communication protocols in HEMS.

Market Research Overview

The Home Energy Management Systems (HEMS) market is a rapidly growing sector in the energy industry, focused on optimizing energy usage and reducing carbon footprints in residential and commercial buildings. HEMS utilizes advanced central controllers, data analytics, artificial intelligence, and machine learning to analyze electricity usage patterns and provide energy management strategies. Cloud deployment enables remote monitoring and control of power consumption, while IoT technologies such as Ethernet, Wi-Fi, and wireless protocols facilitate seamless communication between devices. HEMS can integrate with various systems, including intelligent HVAC controllers, lighting controls, and EV charging stations. Financial incentives like rebates, tax credits, and industry analysis reports drive market growth. New construction and smart building development are major sectors adopting HEMS, while self-monitoring systems and smart home technologies are gaining popularity in multi-family residences and single-family homes. HEMS also plays a crucial role in the smart grid, enabling efficient energy distribution and reducing greenhouse gas emissions. Hybrid technology, including SunVault Storage and smart meters, further enhances the capabilities of HEMS. Overall, HEMS is a vital component of the transition towards sustainable energy solutions and reducing energy bills.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareSoftwareServicesProductLighting ControlsProgrammable ThermostatsSelf-monitoring SystemsAdvanced Central ControllersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

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SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

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