The home energy management system (HEMS) and all of its accompanying functional components, have shown their indispensable relevance in facilitating energy availability and public utilization. Note that one of the predominant hindrances to constant energy supply for many people in the present decade, is the perceived inability to carry out an effective energy management and optimization process.
This is why the introduction of the HEMS unit, is considered to have made an end to such insufficiencies, hence allowing a new era of possibilities that benefits all.
Features and functions of the HEMS framework
Every HEMS unit comes with a framework that is aptly designed to allow the user control and reduce their electricity consumption, or to set use schedules and target. This type of arrangement makes it easy for people to save heavily on energy costs, by promptly limiting energy use during peak hours- when the pricing is high. Consequently, the installed HEMS units provide real time updates that could help the user come to decisions, while they are also built to implement pre-set instructions by an automation input.
In order to achieve these objectives, HEMS’ basic function components consists of self monitoring systems, lighting controls, intelligent HVAC controllers, advanced central controllers, and programmable communicating thermostats.
Why HEMS would continue to maintain its relevance
The need for a substantial energy efficiency facilitating tool, cannot be overemphasized. In contemporary times, most homes are looking for viable means of cutting down on energy costs, while saving from such activities. Hence, any structure that is able to provide solutions to this challenge, is expected to gain the attention on the energy markets.
Now, according to analysts, this energy efficiency need would continue to persist- at least for the coming few years. This is why considering the success made and the prospects gathered, the HEMS innovation is expected to be at the center stages a major solution framework.
As of 2017, HEMS global market capitalization was placed at 1220 million USD. This figure is expected to reach 6000 million USD by the end of 2025, and with a Compound Annual Growth Rate of over 22%.
Current market influence of the HEMS
Currently, HEMS has been of active use- one way or the other, in companies like AlertMe, Cisco systems, Honeywell International, Schneider electric, etc. According to market regions and countries, the innovation would be said to be massively acknowledged in Europe, Japan, China, South East Asia, the United States, and India.The technology finds high relevance in electricity, battery storage, solar PV, solar thermal, among other industry concerns.
Now, the Robotina company’s HEMS package ranks as the most efficient and most adoptable management system on the market. The market is always open to new users, who can also register on the Robotina platform in order to benefit from high value services and benefits.