Abstract

Home energy management systems (HEMS) are a broad set of technologies and services designed to help consumers and utilities better monitor and manage residential energy use. HEMS have become an important tool for facilitating a two-way relationship between residential buildings and the grid, particularly for consumers who invest in smart devices, acquire distributed energy resources (DER), or participate in power generation programs such as virtual power plants. HEMS have also become useful technologies for utilities to gain insights into residential energy use in their territories and leverage customer-installed DER to deliver grid benefits.

Two main types of HEMS are on the market today: in-home HEMS and grid-based HEMS. In-home HEMS typically involve a combination of hardware installed in the home that communicates with a software platform to provide energy management features. Grid-based HEMS are products and services that enable utilities to measure and manage residential energy use, typically through software platforms that analyze data from a variety of sources to provide energy use insights and energy management capabilities. Most HEMS providers recognize the need to deliver energy management solutions for both consumers and utilities, and many are expanding their HEMS capabilities to include features for both of these customer segments.

This Guidehouse Research report discusses various types of HEMS providers in the market, highlighting recent growth in terms of technological capabilities, strategic partnerships, and global reach. This Leaderboard examines the Strategy and Execution of 10 HEMS companies based on 9 criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio; and support and services. Using Guidehouse Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global HEMS market.

What Questions Does This Report Answer?

• What are the drivers, barriers, and trends shaping the HEMS market?
• What types of companies are included and excluded from this Leaderboard report?
• Which companies are the Leaders in the HEMS market, and why?
• Which companies are Contenders and Challengers, and why?
• How do HEMS providers vary in terms of strategy and execution?

Who Would Benefit from This Report?

• HEMS providers
• Home energy monitor manufacturing companies
• Energy suppliers and utilities
• Solar panel and home energy storage system installers
• Investor community

Key Market Forecasts in This Report

• The Guidehouse Research Leaderboard Grid
• HEMS Revenue, World Markets: 2025-2034