How big is the home energy management system market | Stats & Insights 2025

Q: What is the current size of the home energy management system market?

The home energy management system market was valued at USD 6.5 billion in 2024 and is projected to reach USD 9.8 billion by 2031.

Q: What is the growth rate of the home energy management system market?

The market is expected to grow at a CAGR of 6.90% during 2025–2031.

Q: Which industries use home energy management systems the most?

Residential households, real estate, smart home providers, and utility companies.

Q: What technologies are shaping the HEMS market?

IoT, AI, cloud platforms, smart meters, and mobile-based energy dashboards.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA6270

Publication Date: Jul 2025

How big is the Home Energy Management System Market?

According to 6Wresearch internal database and industry insights, Global Home Energy Management System Market was valued atUSD 6.5 Billion in 2024 and is expected to reachUSD 9.8 Billion by 2031, growing at acompound annual growth rate of 6.90% during the forecast period of 2025 to 2031.

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The market is expanding due to increasing energy costs, rising smart home adoption, and growing demand for efficient energy consumption and sustainability.

Key Growth Drivers of the Home Energy Management System Market

Increasing cost of electricity and energy awareness
These are the rise of smart meters and IoT-based devices.
The government programs of energy efficiency and reduction of carbon
The boom in battery storage and use in solar energy systems
Improvements in real time monitoring and automation tools

Home Energy Management System Market Trends

The home energy management system market is witnessing growing use of AI and machine learning to optimize energy usage patterns. Integration with smart appliances and mobile apps enables remote monitoring and control. Solar panel and energy storage management are becoming key features. Demand is increasing for real-time insights and predictive analytics. Voice assistant compatibility and personalized energy-saving recommendations are gaining popularity. Utilities are partnering with tech companies to deliver value-added HEMS platforms to consumers.

Emerging Developments in the Home Energy Management System Market

New generation HEMS is providing grid interactive functionality so that households can sell any surplus energy. Cloud based system and wireless systems are enhancing access and scaling. Customized dashboards and automatic load shifting through AI are being developed by companies. Combining with the EV charging stations is on the rise. Peer-to-peer energy trade is looking into blockchain. There is an also emerging subscription-based energy management service model.