Home Energy Management Systems (HEMS) Market Outlook

The global home energy management systems market is anticipated to generate revenues of US$ 2,892.4 million in 2023. Demand is anticipated to increase at a CAGR of 17.7% and reach US$ 104,360.3 million by 2033. The leading factors of this expansion are increasing power consumption and cutting-edge technology like the smart grid.

Market progress is possible by limiting greenhouse gas emissions and minimizing possible exposure. To change energy prices, and implement advanced energy-efficient technology. This is likely to expand the solar home energy management systems market by 2033.

For instance, SunPower, a solar-tech company, has introduced the only home solar + storage solution built and warranted by a single business, SunPower, a solar technology company. It has introduced SunVault Storage, which connects with SunPower Equinox solar systems. It provides whole-home backup in the event of a power outage.

The adoption of home energy management systems is anticipated to be high due to the increased global investment in smart grid infrastructure. Governments and energy organizations are attempting to upgrade the current smart grid infrastructure to effectively satisfy the public's changing energy needs.

For instance, to aid in the creation of a smart grid in Spain, the European Investment Bank (EIB) and Iberdrola inked a green financing arrangement worth US$ 607.38 million.

Attributes Details
HEMS Market Expected CAGR (2023 to 2033) 17.7%
HEMS Market Expected Size (2023) US$ 2,892.4 million
HEMS Market Expected Size (2033) US$ 104,360.3 million

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Shifting Pattern of Power Consumption Transforms the Industry Analysis of Home Energy Management Systems

Market CAGR (2018 to 2022) 6.3%
Market Size (2018) US$ 1,283.8 million
Market Size (2022) US$ 2,451.2 million
Market Growth Rate (between 2022 and 2023) 1.17x

Energy management strategies have undergone a revolutionary transformation. This is regarding many sectors of power consumption, such as electricity usage patterns and energy conservation at consumption premises.

A smart home energy management system that significantly increases efficiency is required for a modern home. This raised the global adoption rate to 1.17x between 2022 and 2023.

According to FMI, domestic energy consumption is likely to increase by 0.3% annually by 2030. Consequently, home energy management systems sales are expected to be supported by energy optimization solutions, such as a smart home's electrical board.

The worldwide EMS market is anticipated to hold a sizable market share for the home energy management systems industry share. Smart building development is accelerating urbanization in developing nations. Like China, India, Japan, Argentina, Mexico, Brazil, and South Korea.

The knowledge of housing development in these nations has led to an increase in demand for better housing infrastructure. As home energy management software is used in newly constructed buildings, the global market is likely to reach US$ 9,050.4 million by 2030.

Why Home Energy Management Systems at a Forefront of Change?

Manufacturers and suppliers of home energy management systems are concentrating on power storage, control, and monitoring. Key players' top priorities are energy independence and automation, and developments are moving in this direction.

For instance: Schneider Electric is the industry leader in the digital transformation of energy management and automation. For homes looking for cost savings, comfort, and energy independence, the company introduced Schneider Home, a ground-breaking home energy management solution.

Like any industry, this one also faces challenges. The global market growth is significantly constrained by the high initial cost associated with adopting energy management systems. However, the government's push for smart house development is anticipated to open doors for the home energy management systems sector.

Governments are crucial in promoting energy-saving efforts and the installation of smart buildings. Regulations and policies have been devised to improve energy efficiency and reduce a building's consumption of renewable energy, home HVAC systems, and lighting.

Sudip Saha
Sudip Saha

Principal Consultant

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Comparative View of the Market

Home Energy Management Systems Market:

Attributes Home Energy Management Systems Market
CAGR (2023 to 2033) 17.7%
Market Value (2033) US$ 104,360.3 million
Growth Factor The rising need for renewable sources accelerates the sales of solar-powered systems
Opportunity Global investment in smart grid technologies
Trends Government initiatives toward smart infrastructure

Industrial Energy Management Systems Market:

Attributes Industrial Energy Management Systems Market
CAGR (2023 to 2033) 8.5%
Market Value (2033) US$ 75,633.93 million
Growth Factor Surging demand in the food and beverage industry
Opportunity Introduction of smart grids and power meters
Trends Rising green initiatives

Building Energy Management Solutions Market:

Attributes Building Energy Management Solutions Market
CAGR (2023 to 2033) 12.5%
Market Value (2033) US$ 17,100 million
Growth Factor Surging adoption of IoT solutions
Opportunity Ongoing infrastructural developments
Trends Optimizing control systems and building controls

Regional Analysis

  • With a share of 27.4% in 2022, North America dominated the market and is expected to continue to do so. This is a result of North America's vastly increased demand for electricity, whose power sector is struggling to meet energy efficiency goals. This raises the demand for home energy management systems in North America.
  • Europe's growth depends on favorable regulatory policy. It was expanding at a share of 22.8% in 2022 and is likely to grow substantially by 2033.

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Country-wise Analysis

Countries Market Share (2022)
United States 16.5%
Australia 2.7%
Germany 7.1%
Japan 5.4%

Investments in the United States Lead to a High Popularity of Power Management Systems for Home

By 2033, the home energy management systems market share is predicted to generate a sizable amount of revenue in the United States. This is due to technological improvements and the growing use of wireless technologies like ZigBee, Wi-Fi, and Z-wave. The regional sector is also made stronger by the rising demand for home LAN hardware.

Home energy management systems companies are also pleading with the government to expand existing programs and seek funding. Also, a lot of the organizations are concentrating on leveraging funding from the bipartisan Infrastructure Investment and the American Rescue Plan Act of 2021. As a result, the market under study is anticipated to benefit from this requirement for energy efficiency.

Home Energy Management Systems in Germany Market Focus on Strategic Plans

By implementing the National Action Plan Energy Efficiency strategy, the German government is on track to rank among the world's leading eco-friendly and energy-efficient nations.

Funding plans for energy audits and efficiency measures are covered. The nation intends to lower its usage of primary energy by 30% by 2030 compared to 2008 levels, according to the Ministry for Economic Affairs.

Since 2010, Germany has placed a priority on long-term, sustainable energy. A strategy plan known as the Energy Concept was adopted by the nation for the use of renewable energy. This plan lays the groundwork for a renewable energy-based route that is focused on the year 2050.

Regularly Policies Works in Favor of Home Energy Management Systems Sales in the United Kingdom

Market leaders focus on supportive energy policies and laws aimed at lowering the nation's carbon footprint. Implementation of smart meters and energy-efficient buildings & systems contributes to the sales of home energy management systems.

Energy providers are required to put smart meters in 26 million homes by the United Kingdom government. The European directive is to reduce carbon emissions by 80% by 2050, along with the increasing smart meter rollout and increased awareness of the energy problem.

How Asia Pacific Demand for Home Energy Management Systems Proliferates in the Industry?

Countries Market CAGR (2023 to 2033)
China 15.4%
India 16.7%

The quantity of investments made has also been increasing in the Asia Pacific area. Between 2016 and 2020, the average annual energy investment in the region was around US$ 70,000 million, of which 40% went to clean energy technologies. The main investments involved in grids, solar, and wind energy. Due to the rising use of smart home technology in nations like China and India, Asia Pacific is anticipated to have considerable growth over the forecast period.

Category Analysis

Category Communication Technology
Top Segment Wi-Fi
Market Share (2022) 26.5%
Category Offering
Top Segment Hardware
Market Share (2022) 38.9%

Hardware Segment Holds a Top Spot in the Industry

In 2022, the hardware sector held the leading market share of 26.5%. This is explained by the increased use of communication and sensor technology. Nonetheless, the software plays a key role in reducing energy consumption and providing data on consumption trends. Software components are more popular now since they provide useful energy data insights that are used to cut costs and streamline processes.

Which Technology Has Great Potential in the HEMS Market?

By 2033, WiFi communication technology is anticipated to rule the market. In recent years, WiFi technology has advanced substantially, resulting in quicker speeds and higher reliability. Due to this, it has become simpler for manufacturers to create HEMS systems that offer real-time data and control functions without calling for challenging installations.

As ZigBee modules are frequently used to monitor the energy usage of residential appliances, the ZigBee-powered market is expected to expand significantly. ZigBee is a widely used wireless, low-power mesh networking protocol that enables users with smaller batteries and is utilized in wireless control applications.

How Manufacturers Move Ahead with the Home Energy Management Systems Market Size?

Home energy management systems manufacturers are anticipated to expand their market share. By creating innovative products that cater to consumers' shifting demands and preferences. This entails enhancing functionality, cutting expenses, and adding new features.

Manufacturers aim to spend money on customer education and awareness initiatives to increase acceptance. This clarifies the benefits of home energy management systems and how they are used to save energy and money.

Manufacturers who create AI and ML capabilities that can react to shifting consumer preferences and energy usage trends are going to have a big competitive edge.

For instance:

  • A startup business called Lumin Energy Management has created a smart panel that works with solar panels and battery storage systems. The panel enables homeowners to keep an eye on their energy use and optimize it to cut costs.
  • Enphase concentrates on the future of sustainable energy. Enphase home energy management software creates and uses its electricity, which combines solar power and software. It provides an app that shows current energy reports. Additionally, it encourages the use of microinverters, which improve each roof panel's performance and dependability.

How Competition Affects the Demand for Home Energy Management Systems?

Globally, the smart home has become popular, inspiring top home energy management systems businesses to develop technology alliances and take a strategic stance. Home energy management systems are a significant emerging industry due to the growing IoT trend.

Several government organizations want to use product approvals to encourage the adoption of these systems. To get a competitive edge during the forecast period, the firms are anticipated to expand their market share through many alliances and investments in the introduction of new solutions.

Recent Developments:

January 2022: To penetrate the global smart home market, Zigbang announced the acquisition of Samsung SDS's home Internet of Things (IoT) unit. The former is preparing to automate real estate transactions, smart home gadgets, and living spaces.

September 2022: A highly scalable Linux and Kubernetes-based platform designed to execute thousands of workloads on a single system was unveiled as the new edition of IBM's LinuxONE server.

August 2021: A contract was signed by Mitsubishi Electric Company to purchase Smarter Grid Solutions (SGS). SGS solutions, according to Mitsubishi Electric, are consistent with the company's environmental sustainability vision. This calls for a decarbonized society with lower greenhouse gas emissions by 2050.

Key Players

  • Honeywell International, Inc
  • Siemens AG
  • Schneider Electric SE
  • Johnson Controls, Inc.
  • General Electric Company
  • Others

Key Segments

By Offering:

  • Hardware
  • Software
  • Services

By Product Type:

  • Lighting Controls
  • Programmable Communicating Thermostats
  • Self-monitoring Systems & Services
  • Advanced Central Controllers
  • Intelligent HVAC Controllers

By Communication Technology:

  • Wi-Fi
  • Z-Wave
  • Ethernet
  • ZigBee
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa (MEA)

Frequently Asked Questions

How Much is the Home Energy Management Systems Market Worth?

The home energy management systems market is estimated to be worth US$ 2,892.4 million in 2023.

What is the Demand Outlook for the Home Energy Management Systems Market?

The home energy management systems market is expected to have a CAGR of 17.7% by 2033.

What is the historical share of the Home Energy Management Systems Market?

The home energy management systems market expanded at a share of US$ 2,451.2 million in 2022.

What is the North America Home Energy Management Systems Market Outlook?

North America's home energy management systems market accounted for a share of 27.4% in 2022.

What is the United Kingdom Home Energy Management Systems Market Outlook?

By 2033, it is anticipated that the home energy management systems sector in the United Kingdom experience a CAGR of 16.3%.

What is the Present Market Size in 2023?

The market is valued at US$ 2,892.4 million in 2023.

What is the Expected Growth rate between 2022 and 2023?

A 1.17x increase in global adoption rate is predicted for 2022 to 2023.

What are the Key Trends Driving the Market?

Government initiatives and smart infrastructures to drive the market.

What was the Market Share for Australia in 2022?

The market exhibited a 2.7% share in 2022.

What was the Projected CAGR for the Hardware Segment?

The hardware segment exhibited a 38.9% CAGR by 2022.

Table of Content

1. Executive Summary | Home Energy Management Systems Market 

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033

        5.3.1. Hardware

        5.3.2. Software

        5.3.3. Services

    5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Service, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service, 2023 to 2033

        6.3.1. Professional services

        6.3.2. Managed services

    6.4. Y-o-Y Growth Trend Analysis By Service, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Service, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis by Technology, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Technology, 2023 to 2033

        7.3.1. Wi-Fi

        7.3.2. Zigbee

        7.3.3. Z-Wave

        7.3.4. Others

    7.4. Y-o-Y Growth Trend Analysis by Technology, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis by Technology, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. The USA

            9.2.1.2. Canada

        9.2.2. By Component

        9.2.3. By Service

        9.2.4. By Technology

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Component

        9.3.3. By Service

        9.3.4. By Technology

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Component

        10.2.3. By Service

        10.2.4. By Technology

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Component

        10.3.3. By Service

        10.3.4. By Technology

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Component

        11.2.3. By Service

        11.2.4. By Technology

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Component

        11.3.3. By Service

        11.3.4. By Technology

    11.4. Key Takeaways

12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Malaysia

            12.2.1.3. Singapore

            12.2.1.4. Thailand

            12.2.1.5. Rest of South Asia

        12.2.2. By Component

        12.2.3. By Service

        12.2.4. By Technology

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Component

        12.3.3. By Service

        12.3.4. By Technology

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Component

        13.2.3. By Service

        13.2.4. By Technology

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Component

        13.3.3. By Service

        13.3.4. By Technology

    13.4. Key Takeaways

14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Australia

            14.2.1.2. New Zealand

        14.2.2. By Component

        14.2.3. By Service

        14.2.4. By Technology

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Component

        14.3.3. By Service

        14.3.4. By Technology

    14.4. Key Takeaways

15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Component

        15.2.3. By Service

        15.2.4. By Technology

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Component

        15.3.3. By Service

        15.3.4. By Technology

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Component

            16.1.2.2. By Service

            16.1.2.3. By Technology

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Component

            16.2.2.2. By Service

            16.2.2.3. By Technology

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Component

            16.3.2.2. By Service

            16.3.2.3. By Technology

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Component

            16.4.2.2. By Service

            16.4.2.3. By Technology

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Component

            16.5.2.2. By Service

            16.5.2.3. By Technology

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Component

            16.6.2.2. By Service

            16.6.2.3. By Technology

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Component

            16.7.2.2. By Service

            16.7.2.3. By Technology

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Component

            16.8.2.2. By Service

            16.8.2.3. By Technology

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Component

            16.9.2.2. By Service

            16.9.2.3. By Technology

    16.10. India

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Component

            16.10.2.2. By Service

            16.10.2.3. By Technology

    16.11. Malaysia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Component

            16.11.2.2. By Service

            16.11.2.3. By Technology

    16.12. Singapore

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Component

            16.12.2.2. By Service

            16.12.2.3. By Technology

    16.13. Thailand

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Component

            16.13.2.2. By Service

            16.13.2.3. By Technology

    16.14. China

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Component

            16.14.2.2. By Service

            16.14.2.3. By Technology

    16.15. Japan

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Component

            16.15.2.2. By Service

            16.15.2.3. By Technology

    16.16. South Korea

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Component

            16.16.2.2. By Service

            16.16.2.3. By Technology

    16.17. Australia

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Component

            16.17.2.2. By Service

            16.17.2.3. By Technology

    16.18. New Zealand

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Component

            16.18.2.2. By Service

            16.18.2.3. By Technology

    16.19. GCC Countries

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Component

            16.19.2.2. By Service

            16.19.2.3. By Technology

    16.20. South Africa

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Component

            16.20.2.2. By Service

            16.20.2.3. By Technology

    16.21. Israel

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Component

            16.21.2.2. By Service

            16.21.2.3. By Technology

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Component

        17.3.3. By Service

        17.3.4. By Technology

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Honeywell International Inc.

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Schneider Electric SE

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. Siemens AG

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. General Electric Company

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Johnson Controls International plc

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. ABB Ltd.

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. Cisco Systems Inc.

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Panasonic Corporation

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Lutron Electronics Co. Inc.

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. Nest Labs Inc.

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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