Berg Perception, the world’s main IoT market analysis supplier, at present launched a brand new market report protecting the House Vitality Administration Programs (HEMS) market.
On this examine, a HEMS is outlined as a system that at minimal consists of a photo voltaic PV system, battery storage system and a web-based administration portal or smartphone app that enables for distant monitoring and management of the system. A wider HEMS additionally integrates backup turbines, EV chargers, warmth pumps, house home equipment and different linked merchandise and techniques within the house.
There have been an estimated 2.2 million HEMS put in in European houses on the finish of 2023. An estimated 1.1 million techniques had been added to the put in base in the course of the yr. This determine consists of each new installations of photo voltaic PV + battery storage techniques in addition to installations of battery storage techniques in current photo voltaic PV techniques (i.e. retrofits). The penetration charge continues to be very low in Europe, at round 1.8 p.c. Germany is by far the main market and accounts for greater than half of the put in base and shipments in Europe in 2023. Rising at a CAGR of 36.7 p.c, the put in base of HEMS in Europe is estimated to succeed in 10.3 million techniques on the finish of 2028, comparable to a penetration charge of 8.2 p.c.
There have been on the identical time an estimated 600,000 HEMS put in in North American houses on the finish of 2023. Shipments together with each new installations and retrofits reached 210,000 techniques in the course of the yr. The US is estimated to account for about 95 p.c of the North American market whereas Canada accounts for five p.c. California, Texas and Hawaii are among the largest HEMS markets within the US. The put in base of HEMS in North America is estimated to develop at a CAGR of 38.3 p.c to succeed in 3.0 million techniques on the finish of 2028. This may then correspond to a penetration charge of two.5 p.c.
The HEMS worth chain spans varied firms from completely different trade sectors. Some firms are vertically built-in, providing a whole HEMS primarily based on in-house developed {hardware} and software program options. Different firms develop and manufacture one a part of the HEMS. A few of these firms integrates parts from third-party firms to have the ability to provide a whole HEMS. There are additionally a number of firms that concentrate on offering a software program platform that allows different firms to supply HEMS. Main US-based HEMS gamers embody Enphase Vitality, Tesla, Generac, Lunar Vitality and Savant Programs. Main Germany-based firms embody E3/DC (Hager Group), Sonnen (Shell), Senec (EnBW), Solarwatt, SMA Photo voltaic and Viessmann Local weather Options (Service). Important UK-based firms embody GivEnergy and Myenergi. France-based Schneider Electrical can also be an necessary participant within the trade. A number of vital gamers on the HEMS market in North America and Europe are primarily based outdoors of the 2 areas, together with China-based Huawei, Growatt and Sungrow; Israel-based SolarEdge; Japan-based Panasonic; and South Korea-based LG Vitality Resolution.
Further gamers lively on the HEMS market in Europe and North America embody Briggs & Stratton Vitality Options, Canadian Photo voltaic, Enpal, Ferroamp, Fimer, FranklinWH Vitality Storage, Fronius, GridX (E.ON), Homey, Kiwigrid, Kostal, myGEKKO (Ekon), Pixii, Polarium Vitality Options, Powervault, Sol-Ark and Tigo Vitality.
“The HEMS market in Europe and North America grew substantially in 2023, driven by homeowners’ interest in saving on electricity costs, becoming more energy resilient and reducing CO2 emissions”, says Martin Apelgren, Principal Analyst at Berg Perception. Authorities subsidies and tax incentives in addition to the construction of the web metering or feed-in-tariff schemes in a rustic or area play an necessary function within the adoption of HEMS.
“A number of recent policy changes in key markets in Europe and North America, such as the implementation of NEM 3.0 in California, catalyst the HEMS market”, continues Mr. Apelgren.
Intermittent power sources, reminiscent of wind and solar energy, are accounting for a bigger share of the power combine in lots of nations and the demand for power is rising quickly because of the rising adoption of EVs, warmth pumps and different power-hungry gadgets within the house. This amplifies power demand and provide volatility, placing a pressure on the electrical energy grid.
Mr. Apelgren, concludes:
“The possibility to reduce grid electricity consumption during peak hours using HEMS will be of key importance for both individual households and the society as a whole going forward.”
