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BRUSSELS Lamar Jackson Jersey , Sept. 21 (Xinhua) -- China's Belt and Road Initiative, if linking up with trans-European networks, will offer new opportunities for both European and Chinese companies, senior European Union (EU) officials told Xinhua on Wednesday at a reception to mark China's 68th National Day, which falls on Oct. 1.

"Belt and Road is of course a very important initiative, and we see how it has developed over the last couple of years. It has a much wider approach now in terms of the modes of transport it covers, but also in terms of the countries it covers," said Gunnar Wiegand, managing director of Asia and the Pacific at European External Action Service (EEAS), the EU's diplomatic service.

The Belt and Road Initiative was proposed by China in 2013 and aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

Wiegand said European countries had been doing trade this way for centuries.

"But there are many new investment possibilities for European companies not only in China, but also in Asia," he said, adding that the initiative also provided opportunities for Chinese investors.

To this end, Wiegand said the EU and China needed to make sure the initiative was linking up with the Trans-European networks, which have been established over the years.

Meanwhile, Vice President of the European Parliament Dimitrios Papadimoulis praised the Belt and Road initiative, saying it was positive for both sides.

The Greek legislator added that his homeland could be "the gate of Chinese economy to Europe."

When it comes to the EU's concern over the initiative, Papadopoulos said, "Of course there are problems, there are issues and there are distances between us, but the only solution to those problems is dialogue and the investment is in our mutual interests."

"China and the European Union are, and will be, two pillars of stability in the globe," he said.

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Finance > Stock MarketHome Energy Management Systems (HEMS) Market Size to 2022

Posted by johnsonpaul in Finance on May 17th, 2017

According to a new market report published by Credence Research, Inc., “Home Energy Management Systems (HEMS) Market (Wi-Fi, ZigBee, Z-Wave, and Other Technologies (Insteon, X10, Wireless M-Bus, etc) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the home energy management systems (HEMS) market is expected to expand at a CAGR of 22.3% from 2015 to 2022, reaching US$ 3,241.9 Mn by 2022.

Browse the full Home Energy Management Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at and Market Insights

Home energy management systems (HEMS) are devices that allow home owners to control, monitor, and manage their electricity consumption optimally. The global home energy management systems (HEMS) market is currently in the budding stage of development. The industry has been determined to develop a universal platform capable of solving issues concerned with the interoperability, interface, and installation.

Competitive Insights

The global home energy management systems (HEMS) market is concentrated and technology driven. The top four home energy management system manufacturers account for over 45 percent of the global market revenue. Panasonic Corporation (Japan), Honeywell International, Inc. (the U.S.), Nest Labs, Inc. (the U.S.), General Electric Company (the U.S.), and Vivint, Inc. (the U.S.) are identified as some of the leading players in the home energy management systems (HEMS) market. Other players including Alarm (the U.S.), Ecobee (Canada), EnergyHub, Inc. (the U.S.), Comcast Cable (the U.S.), EcoFactor (U.S.), and Cisco Systems, Inc. (the U.S.) have been marked as some of the promising and emerging players in the global home energy management systems industry. The market competition is characterized by the presence of both core solution suppliers and application sub-system providers. Their approach has been to offer energy management solutions as a part of home automation products and services. The new entrants in the home energy management systems market need substantial capital investment. Furthermore, to keep pace with the technological advancements, they are required to dedicate heavy budget for research and development activities. On the contrary, favorable government regulations promoting optimum electricity consumption is expected to have positive impact on the new players entering the market. As such, the market poses moderate threat to new entrants.

Browse Here For Same Category Report : Trends

Growing interest in residential demand response and roll-out of smart utility metersIncreasing efforts by manufacturers to develop multi-featured home energy management systems capable of connecting with multiple control devices and being managed from a remote locationGrowing desire to manage electricity consumption and curb electricity bills

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