Oct. 2, 2013: Home Energy Management Market to Exceed $4 Billion in US by 2017
Early Devices such as Smart Thermostats Provide a Gateway to Further Adoption of Home Automation
Based on both research and 32 company interviews, the report provides an overview of the home energy management systems market, including the technologies, vendors, and market drivers.
“In the end, both residential consumers and vendors can benefit from HEMS,” said report author Kamil Bojancyzk. “Early HEMS devices may only be represented by technologies such as smart thermostats, but these devices nevertheless represent a gateway to further adoption of home automation. Additionally, vendors have shifted toward a subscription-based recurring revenue model, helping to mitigate financial uncertainty.”
For more information on the GTM Research report, click here.
Publication date: 9/30/2013