Navigant Research: Home Energy Management Overview

CEW 15 CS home energy 400

July 31, 2019

New technologies and approaches are altering the home energy management (HEM) market. Ideas from a decade ago when advanced metering infrastructure (AMI) projects drove much of the activity are now mature, such as home energy reports (HERs). Such approaches are not being completely replaced, but other technologies in front of and behind the meter have taken on greater importance. For example, smart thermostats and smart plugs have gained traction among residential customers and become key elements of a HEM strategy.

Additionally, there have been many advances in how data can be used for HEM solutions. Data analytics tools have improved, and more utilities and vendors are using these tools to support residential customers seeking deeper insights into how they might use energy more efficiently. New channels to engage with customers on HEM topics have emerged, such as voice assistants like Amazon Alexa and Google Home. This report notes the shift in emphasis to customer engagement by utilities that are using channels like mobile and social to provide relevant and timely information related to saving energy. Customer engagement has become a top strategic priority for utilities.

This Navigant Research report provides a comprehensive overview of the HEM market, its key players, and important technology trends. It also outlines HEM market drivers, which are substantial, and the main inhibitors keeping growth in check. In addition to profiles of key players, the report includes a strengths, weaknesses, opportunities, and threats (SWOT) analysis for each firm. Navigant Research expects healthy growth for the HEM market. Worldwide revenue for HEM solutions is projected to nearly triple between 2019 and 2028.

Go HERE for more information

Related Articles

Changing Scene

  • Introducing Next Sales and Marketing Inc.

    Introducing Next Sales and Marketing Inc.

    Apr 25, 2024 Dear Valued Business Partners, In an ongoing effort to provide our Partners with the best quality product, service & support, we are excited to announce the appointment of Next Sales and Marketing, as our agent representing Liteline in Atlantic Canada, beginning April 27th, 2024. Next Sales and Marketing caters to a wide… Read More…

  • CMP Products Limited Joins ETIM North America

    CMP Products Limited Joins ETIM North America

    ETIM North America has recently announced that CMP Products Limited, global specialists in the manufacture of cable glands and cable cleats, joined the North American chapter of the global product classification standards organization. With office and distribution networks spread across 6 continents including Europe, the Americas, Australia, Asia, and Africa, in more than 8 industries,… Read More…

Peers & Profiles

  • Graybar Canada’s Customer Appreciation BBQ’s

    Graybar Canada’s Customer Appreciation BBQ’s

    Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Electrozad Chatham Kent Branch Exceptional Effort Cleans Up Community

    Electrozad Chatham Kent Branch Exceptional Effort Cleans Up Community

    Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…

Copper US Dollar Price Per Pound