The Prospector News

Home Energy Management Revenue Is Expected to Total More than $22 Billion from 2014 to 2023, According to Navigant Research

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Home Energy Management Revenue Is Expected to Total More than $22 Billion from 2014 to 2023, According to Navigant Research

 

 

 

 

 

 

A recent report from Navigant Research examines regional and global trends in the home energy management (HEM) market, including global HEM market forecasts, broken out by segment and world region, through 2023.

 

 

 

Shortly after Google purchased Nest Labs in January 2014, HEM stakeholders began reporting increased market activity, as the acquisition signaled to vendors, utilities, service providers, and retailers that the value in home energy management and automation was finally gaining recognition. Similarly, consumer awareness began to increase, bringing into focus products and services that can help better manage and control home energy consumption. According to a recent report from Navigant Research, cumulative HEM revenue is expected to exceed $22 billion from 2014 to 2023.

 

 

 

“Competition is heating up among vendors and, at the same time, HEM products are becoming more accessible to consumers, with retailers such as Best Buy, Staples, and Lowe’s marketing products that include energy management features,” says Neil Strother, principal research analyst with Navigant Research. “Even though the HEM market is still in its early stages of growth, 2015 is shaping up to be a pivotal year for expansion.”

 

 

 

Annual HEM revenue is expected to peak in 2020, according to the report, following the government-mandated deployment of millions of smart meters and related HEM equipment in homes and small businesses across Great Britain. After the rollout is complete, industry revenue is expected to continue to be fueled by market-driven forces, including a steady rise in energy costs and the increasing availability of new energy management products and services residential customers are likely to adopt.

 

 

 

The report, “Home Energy Management,” examines regional and global HEM trends, with an emphasis on products and services along a continuum of five segments: paper bills, web portals, standalone HEM systems, in-home displays (IHDs), and networked HEM systems. The report examines the key drivers and inhibitors affecting the market and delves into the major technology issues. Global HEM market forecasts, broken out by segment and world region, extend through 2023. The report also provides key vendor profiles and analysis of new players, as well as details on specific HEM case studies. An Executive Summary of the report is available for free download on the Navigant Research website.

 

 

 

About Navigant Research

 

 

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.  In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets.  The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors.

 

Posted March 2, 2015

Share this news article

MORE or "UNCATEGORIZED"


Solaris Reports 1,004m of 0.71% CuEq From Surface, Expands Limits of Warintza Central

Solaris Resources Inc. (TSX-V: SLS) is pleased to report assay re... READ MORE

November 23, 2020

GR Silver Mining Delineates New Mineralized Zone from Drilling in the San Juan Area, Plomosas Silver Project

5.5 m @ 332 g/t AgEq1 (264 g/t Ag, 0.4 g/t Au, 0.3 % Pb and 0.6 %... READ MORE

November 23, 2020

Nova Royalty Completes Acquisition of Royalty on Antofagasta's Twin Metals Project in Minnesota

Nova Royalty Corp. is pleased to announce that, further to its ne... READ MORE

November 23, 2020

Roughrider Signs Option Agreement with Industria on its Scottie West Property

Roughrider Exploration Limited (TSX-V: REL)is pleased to an... READ MORE

November 23, 2020

Kerr Mines and Star Royalties Close US$18 Million Project Financing for Restart of the Copperstone Gold Mine

Kerr Mines Inc.(TSX: KER) (OTC:KERMF) and Star ... READ MORE

November 23, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions