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The Home Energy Management Software (HEMS) market is a subset of the larger home automation market. It is composed of hardware and software solutions that enable users to monitor and control their home energy consumption. HEMS solutions typically include a combination of hardware devices such as smart meters, thermostats, and energy monitors, as well as software applications that allow users to track and manage their energy usage. These solutions can be used to reduce energy costs, improve energy efficiency, and increase comfort levels in the home.
HEMS solutions are becoming increasingly popular as consumers become more aware of the environmental and economic benefits of energy efficiency. As such, the market is expected to continue to grow in the coming years.
Some of the major players in the HEMS market include Nest Labs, Honeywell, Ecobee, and Schneider Electric. Other companies such as Siemens, ABB, and Johnson Controls also offer HEMS solutions. Show Less Read more