The Home Energy Management Systems Market - 3rd Edition

Table of Contents

Table of Contents

List of Figures

Executive Summary

1. Introduction

• 1.1. Home Energy Management Systems (HEMS)
  • 1.1.1. Solar PV panels
  • 1.1.2. Inverters and power optimisers
  • 1.1.3. Battery storage systems
  • 1.1.4. Smart electrical panels, load controllers and energy managers
  • 1.1.5. EV chargers
  • 1.1.6. Heat pumps and home appliances
  • 1.1.7. Smart meters and dynamic electricity pricing
  • 1.1.8. Management portal and smartphone app
  • 1.1.9. Levelized Cost of Energy (LCOE)
  • 1.1.10. Value chain
• 1.2. The electricity market
  • 1.2.1. Europe
  • 1.2.2. North America
  • 1.2.3. Smart grids
• 1.3. Solar power generation
  • 1.3.1. Residential solar PV system installations
• 1.4. Market drivers for HEMS
  • 1.4.1. Government subsidies and incentives
  • 1.4.2. Net metering and feed-in tariffs
  • 1.4.3. Load management, demand response and VPP programmes
  • 1.4.4. Rising electricity prices
  • 1.4.5. Declining costs of solar PV and battery storage solutions
  • 1.4.6. Grid independence and power outage protection
  • 1.4.7. Growth of EVs and electrical heating systems

2. Communications Technologies and Standards

• 2.1 3GPP cellular and LPWA technologies
• 2.1.1 2G/3G/4G/5G cellular technologies and IoT
  • 2.1.2. LoRa and LoRaWAN
  • 2.1.3. Sigfox
• 2.2. Home networking technologies and standards
  • 2.2.1. Bluetooth
  • 2.2.2. EEBus
  • 2.2.3. EnOcean
  • 2.2.4. Home Connectivity Alliance (HCA)
  • 2.2.5. KNX
  • 2.2.6. Matter
  • 2.2.7. Modbus
  • 2.2.8. Open Charge Point Protocol (OCPP)
  • 2.2.9. Open Connectivity Foundation (OCF)
  • 2.2.10. OpenTherm
  • 2.2.11. SG-Ready
  • 2.2.12. SunSpec
  • 2.2.13. Thread
  • 2.2.14. Wi-Fi
  • 2.2.15. Zigbee
  • 2.2.16. Z-Wave

3. Solution Vendors and Strategies

• 3.1. Home energy management system providers
  • 3.1.1. APsystems (Yuneng Technology)
  • 3.1.2. Bluetti Power (PowerOak NewEner)
  • 3.1.3. Briggs & Stratton Energy Solutions
  • 3.1.4. BYD Electronic
  • 3.1.5. Canadian Solar
  • 3.1.6. E3/DC (Hager Group)
  • 3.1.7. Eaton
  • 3.1.8. EcoFlow
  • 3.1.9. Emaldo
  • 3.1.10. Enphase Energy
  • 3.1.11. Fenecon
  • 3.1.12. Ferroamp
  • 3.1.13. Fimer (McLaren Applied)
  • 3.1.14. Fortress Power
  • 3.1.15. FranklinWH Energy Storage
  • 3.1.16. Fronius
  • 3.1.17. Generac
  • 3.1.18. GivEnergy
  • 3.1.19. GoodWe
  • 3.1.20. Growatt New Energy
  • 3.1.21. Hanwha Qcells
  • 3.1.22. Huawei
  • 3.1.23. JinkoSolar
  • 3.1.24. Kostal
  • 3.1.25. LG Energy Solution
  • 3.1.26. Lunar Energy
  • 3.1.27. Myenergi
  • 3.1.28. NeoVolta
  • 3.1.29. Pixii
  • 3.1.30. Polarium Energy Solutions
  • 3.1.31. Powervault
  • 3.1.32. Pylon Technologies
  • 3.1.33. RCT Power
  • 3.1.34. Samsung SDI
  • 3.1.35. Savant Systems
  • 3.1.36. Schneider Electric
  • 3.1.37. Senec (EnBW)
  • 3.1.38. SMA Solar Technology
  • 3.1.39. SolarEdge
  • 3.1.40. Sol-Ark
  • 3.1.41. Solarwatt
  • 3.1.42. Sonnen (Shell)
  • 3.1.43. Sungrow Power Supply
  • 3.1.44. TeraHive (Liteon Technology)
  • 3.1.45. Tesla
  • 3.1.46. Tigo Energy
  • 3.1.47. Varta
  • 3.1.48. Viessmann Climate Solutions (Carrier)
• 3.2. Smart electrical panel and load control device providers
  • 3.2.1. Legrand
  • 3.2.2. Leviton
  • 3.2.3. Lumin (ABB)
  • 3.2.4. SPAN
  • 3.2.5. Smappee
• 3.3. HEMS platform providers and integrators
  • 3.3.1. Alarm.com
  • 3.3.2. Eniris
  • 3.3.3. Enode
  • 3.3.4. Enpal
  • 3.3.5. Greenely
  • 3.3.6. GridX (E.ON)
  • 3.3.7. Homey (LG Electronics)
  • 3.3.8. Kiwigrid
  • 3.3.9. Loxone
  • 3.3.10. myGEKKO (Ekon)
  • 3.3.11. Tibber

4. Market Analysis and Trends

• 4.1. Market forecasts
• 4.2. Value chain analysis
  • 4.2.1. Leading home energy management system providers
  • 4.2.2. Companies from other industry sectors enter the HEMS market
• 4.3. Trends
  • 4.3.1. Reduced net metering rates increases demand for battery storage systems
  • 4.3.2. Virtual power plants to become more powerful as more DERs are connected
  • 4.3.3. EV batteries to be used for home backup power
  • 4.3.4. Interoperability will be key for the adoption of wider HEMS
  • 4.3.5. Energy aggregation and trading software adds a new revenue stream
  • 4.3.6. Small-scale HEMS increases in popularity in Europe
  • 4.3.7. Intelligent and AI-driven solutions facilitate energy management
• List of Acronyms and Abbreviations

List of Figures

• Figure 1.1: Home energy management system infrastructure
• Figure 1.2: Monocrystalline solar panel
• Figure 1.3: Hybrid solar inverter, microinverter and DC power optimiser
• Figure 1.4: Lithium iron phosphate-based battery storage system
• Figure 1.5: Smart electrical panel
• Figure 1.6: EV charger
• Figure 1.7: Indoor unit of a heat pump
• Figure 1.8: Landis+Gyr E360 Smart Meter
• Figure 1.9: Energy management dashboard
• Figure 1.10: Leading residential solar PV panel manufacturers
• Figure 1.11: Leading residential solar inverter companies
• Figure 1.12: Leading residential battery storage providers
• Figure 1.13: HEMS platform providers and integrators
• Figure 1.14: Top solar PV and battery storage installers (USA 2024)
• Figure 1.15: Electricity generation by energy source (EU27 2024)
• Figure 1.16: Electricity consumption by sector (EU27 2023)
• Figure 1.17: Electricity market statistics (EU27+3 2024)
• Figure 1.18: Electricity generation by energy source (US 2024)
• Figure 1.19: Electricity consumption by sector (US 2024)
• Figure 1.20: Electricity generation by energy source (Canada 2022)
• Figure 1.21: Electricity consumption by sector (Canada 2021)
• Figure 1.22: Top solar PV generation capacity countries in Europe and NA (2019-2024)
• Figure 1.23: Residential solar PV systems (EU27+3 and North America 2024)
• Figure 1.24: Average household electricity prices (EU27 and USA 2008-2024)
• Figure 1.25: The Installed base of residential EV charging points (2021-2029)
• Figure 2.1: Comparison of LTE-M and NB-IoT specifications
• Figure 2.2: HCA cloud-to-cloud connection
• Figure 2.3: Matter application layer
• Figure 2.4: Thread network topology
• Figure 2.5: Wi-Fi generations
• Figure 3.1: SimpliPhi 6.6 Home Battery and EnergyTrak app
• Figure 3.2: BYD Battery-Box HVE and Power-Box inverter
• Figure 3.3: EP Cube battery storage and gateway
• Figure 3.4: E3/DC S10 E PRO battery storage system
• Figure 3.5: EcoFlow Stream Ultra plug-in balcony solar PV+battery storage system
• Figure 3.6: Emaldo Power Core
• Figure 3.7: Enphase IQ8 microinverter and Enlighten smartphone app
• Figure 3.8: Ferroamp EnergyHub inverter and app
• Figure 3.9: FranklinWH aPower battery and aGate controller
• Figure 3.10: Fronius Reserva home battery storage system and Solar.web portal
• Figure 3.11: Generac PWRcell 2
• Figure 3.12: Q.HOME CORE H3S/H7S energy storage system
• Figure 3.13: Huawei LUNA2000-S1 battery storage system
• Figure 3.14: Kostal Plenticore hybrid inverter and app
• Figure 3.15: LG Energy Solution enblock S battery storage system and smartphone app
• Figure 3.16: Lunar Energy home energy management system
• Figure 3.17: Libbi home battery storage unit and Eddi controller
• Figure 3.18: Pixii Home residential energy storage system
• Figure 3.19: Polarium Home
• Figure 3.20: Powervault P5 battery storage system and P5 Gateway
• Figure 3.21: Savant Power System
• Figure 3.22: Schneider Home
• Figure 3.23: HEMSlogic Gateway and app
• Figure 3.24: SENEC.Home E4 and P4 home battery systems
• Figure 3.25: Sunny Tripower Smart Energy hybrid inverter and Sunny Home Manager 2.0
• Figure 3.26: SolarEdge Home Energy Management System
• Figure 3.27: Shipments of SolarEdge inverters and power optimisers (World 2018-2024)
• Figure 3.28: Sol-Ark hybrid inverter
• Figure 3.29: Solarwatt Home solution
• Figure 3.30: sonnenBatterie 10 performance+
• Figure 3.31: Sungrow SBR HV battery and iHomeManager
• Figure 3.32: Tesla Powerwall 3 and app
• Figure 3.33: Tigo GO ESS system design
• Figure 3.34: Viessmann Climate Solution's home energy management solution
• Figure 3.35: Leviton Load Center, smart breakers and app
• Figure 3.36: ABB ReliaHome Smart Panel and app
• Figure 3.37: SPAN Panel and SPAN Home app
• Figure 3.38: SmartgridOne energy manager device
• Figure 3.39: Enpal.One+ energy manager gateway
• Figure 3.40: Greenely app
• Figure 3.41: gridBox gateway
• Figure 3.42: Homey Energy Dongle and app
• Figure 3.43: Kiwigrid portal, smartphone and tablet app and VoyagerX gateway
• Figure 3.44: Miniserver used as energy management controller
• Figure 3.45: myGEKKO EMS module and app
• Figure 4.1: HEMS installed base and shipments (Europe 2024-2029)
• Figure 4.2: Top-5 HEMS countries in Europe 2024
• Figure 4.3: HEMS installed base and shipments (North America 2024-2029)
• Figure 4.4: Solutions offered by leading HEMS providers in Europe and North America
• Figure 4.5: Installed base of leading HEMS providers (Europe and NA Q4-2024)
• Figure 4.6: Balcony solar PV system