A Home Energy Management System refers to any product or service that monitors, controls or analyzes energy in the home. With the advent of smart home technologies, home energy management becomes more automated and connected and has the potential to reduce energy consumption. As IoT becomes more ubiquitous, personal devices proliferate and new technologies come online, consumers are more aware and more actively participating in the management of their personal behavior and energy use patterns.
The potential for better energy management and energy savings is becoming more and more apparent with better integration of smart home devices and connectivity. This presentation gives an overview of the smart home and energy management landscape and market trends.