Home Energy Management Revenues to Surpass $4 Billion in 2016
ON World’s recently published report covers the home energy management ecosystem including an in-depth analysis of the competitive landscape, value chain, innovations and growth opportunities.
San Diego, CA March 26, 2012-- Adoption of home energy management products and services has accelerated over the past year enabled by cloud service platforms, wireless sensor networks and widespread use of smartphones, according to global technology research firm ON World. By 2016, global revenues for home energy management systems and services will reach $4.3 billion.
“Integrated HAN solutions, multi-purpose smart energy devices, and intelligent cloud services are the major ways companies are differentiating their offerings today,” says Mareca Hatler, ON World’s research director.
ON World’s patent evaluation found over 100 recently filed applications on smart energy devices, home energy controllers and cloud-based energy solutions that use contextual awareness and advanced data analytics. Recent offerings include Allure Energy’s proximity sensing thermostat that also streams music; Nest Labs’ Learning Thermostat that features MEMS sensors, WiFi and ZigBee; and AT&T’s hosted Smart Home services platform.
Consolidation of the home energy value chain is underway. AlertMe has acquired Wattbox, Tendril of GroundedPower, Google of Motorola/4Home and AT&T of Xanboo. A few of the latest strategic alliances include AlertMe with Lowe’s; EcoFactor with Comcast; EnergyHub with Honeywell and Radio Thermostat and; and Tendril with Siemens and Vivint.
ON World’s survey with retail companies such as Best Buy, Home Depot and Lowe’s found that sales for energy management systems are accelerating and cloud based home monitoring services is a growing trend. Networking innovations, ZigBee Smart Energy 2.0, OpenADR, and data privacy and security standards are increasing opportunities for Smart Grid integration.
Based on 900 phone interviews and surveys with consumers, utilities, home service providers and developers, ON World’s recently published report “Home Energy Management Ecosystem” analyzes the home energy management market opportunity, competitive landscape, distribution channels, and business models. It may be purchased separately or as part of a report set that also includes “Smart Home Energy Systems and Cloud Services” and “Home Energy Management: Early Adopter Views & Preferences.”
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