The Home Energy Management Systems Market - 2nd 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 optimizers
  • 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. Inverter and complete 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. Canadian Solar
  • 3.1.5. E3/DC (Hager Group)
  • 3.1.6. Eaton
  • 3.1.7. EcoFlow
  • 3.1.8. Eguana Technologies
  • 3.1.9. Enphase Energy
  • 3.1.10. Ferroamp
  • 3.1.11. Fimer (McLaren Applied)
  • 3.1.12. Fortress Power
  • 3.1.13. FranklinWH Energy Storage
  • 3.1.14. Fronius
  • 3.1.15. Generac
  • 3.1.16. GivEnergy
  • 3.1.17. GoodWe
  • 3.1.18. Growatt New Energy
  • 3.1.19. Hanwha Qcells
  • 3.1.20. Huawei
  • 3.1.21. JinkoSolar
  • 3.1.22. Kostal
  • 3.1.23. LG Energy Solution
  • 3.1.24. Lunar Energy
  • 3.1.25. Myenergi
  • 3.1.26. Panasonic
  • 3.1.27. Pixii
  • 3.1.28. Polarium Energy Solutions
  • 3.1.29. Powervault
  • 3.1.30. Savant Systems
  • 3.1.31. Schneider Electric
  • 3.1.32. Senec (EnBW)
  • 3.1.33. SMA Solar Technology
  • 3.1.34. SolarEdge
  • 3.1.35. Sol-Ark
  • 3.1.36. Sonnen (Shell)
  • 3.1.37. Sungrow Power Supply
  • 3.1.38. Tesla
  • 3.1.39. Tigo Energy
  • 3.1.40. Viessmann Climate Solutions (Carrier)
• 3.2. Battery storage specialists
  • 3.2.1. BYD Electronic
  • 3.2.2. Pylon Technologies
  • 3.2.3. Samsung SDI
  • 3.2.4. Solarwatt
  • 3.2.5. Varta
• 3.3. Smart electrical panel and load control device providers
  • 3.3.1. Legrand
  • 3.3.2. Leviton
  • 3.3.3. Lumin
  • 3.3.4. SPAN
  • 3.3.5. Smappee
• 3.4. HEMS platform providers and integrators
  • 3.4.1. Alarm.com
  • 3.4.2. Enode
  • 3.4.3. Enpal
  • 3.4.4. GridX (E.ON)
  • 3.4.5. Homey (LG Electronics)
  • 3.4.6. Kiwigrid
  • 3.4.7. myGEKKO (Ekon)
  • 3.4.8. Tibber
  • 3.4.9. Tiko Energy Solutions (Engie)

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. Other companies entering 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
• 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 optimizer
• Figure 1.4: Lithium-ion based battery storage system
• Figure 1.5: Smart electrical panel
• Figure 1.6: EV charger
• Figure 1.7: Indoor and outdoor units 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 2023)
• Figure 1.15: Electricity generation by energy source (EU27 2022)
• Figure 1.16: Electricity consumption by sector (EU27 2022)
• Figure 1.17: Electricity market statistics (EU27+3 2023)
• Figure 1.18: Electricity generation by energy source (US 2022)
• Figure 1.19: Electricity consumption by sector (US 2022)
• Figure 1.20: Electricity generation by energy source (Canada 2021)
• Figure 1.21: Electricity consumption by sector (Canada 2020)
• Figure 1.22: Top solar PV generation capacity countries in Europe and NA (2018-2023)
• Figure 1.23: Residential solar PV systems (Europe and North America 2023)
• Figure 1.24: Average household electricity prices (EU27 and USA 2008-2023)
• Figure 1.25: The Installed base of residential EV charging points (2020-2028)
• 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: The SimpliPhi Energy Storage System
• Figure 3.2: EP Cube battery storage and gateway units
• Figure 3.3: E3/DC S10 E PRO battery storage system
• Figure 3.4: EcoFlow Delta Pro Ultra
• Figure 3.5: The Enphase IQ8 microinverter and Enlighten smartphone app
• Figure 3.6: The Ferroamp EnergyHub inverter
• Figure 3.7: FranklinWH aPower battery and aGate controller
• Figure 3.8: Generac inverter, battery storage, automatic transfer switch and generator
• Figure 3.9: Q.HOME CORE H3S/H7S energy storage system
• Figure 3.10: Huawei LUNA2000-S1 battery storage system
• Figure 3.11: Kostal app
• Figure 3.12: LG Energy Solution enblock S battery storage system and smartphone app
• Figure 3.13: Lunar Energy home energy management system
• Figure 3.14: The Libbi home battery storage unit and Eddi controller
• Figure 3.15: Panasonic EverVolt home battery storage system
• Figure 3.16: Homevolt home battery
• Figure 3.17: Powervault P4 battery storage system
• Figure 3.18: Savant's energy management dashboard
• Figure 3.19: Schneider Home
• Figure 3.20: Senec home battery
• Figure 3.21: Sunny Tripower Smart Energy hybrid inverter and Sunny Home Manager 2.0
• Figure 3.22: SolarEdge Home Energy Management System
• Figure 3.23: Shipments of SolarEdge inverters and power optimizers (World 2018-2023)
• Figure 3.24: Sol-Ark hybrid inverter
• Figure 3.25: sonnenBatterie 10 performance
• Figure 3.26: Sungrow battery and hybrid inverter
• Figure 3.27: The Tesla app
• Figure 3.28: Tigo GO ESS system design
• Figure 3.29: Viessmann Climate Solution's home energy management solution
• Figure 3.30: Solarwatt dashboard and energy manager
• Figure 3.31: Leviton Load Center, smart breakers and app
• Figure 3.32: Lumin Edge and app
• Figure 3.33: SPAN Panel and SPAN Home app
• Figure 3.34: Enpal.One energy manager gateway
• Figure 3.35: The gridBox gateway
• Figure 3.36: Homey app, Homey Bridge and Homey Pro
• Figure 3.37: The Kiwigrid portal, smartphone and tablet app and VoyagerX gateway
• Figure 4.1: HEMS installed base and shipments Europe 2023-2028
• Figure 4.2: HEMS installed base and shipments North America 2023-2028
• Figure 4.3: Solutions offered by leading HEMS providers in Europe and North America
• Figure 4.4: Installed base of leading HEMS providers (Europe and NA Q4-2023)