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
BOSTON — Currently valued at $1.5 billion, but with only 1.5 to 2.5 percent penetration in most states, the home energy management systems (HEMS) market is poised for significant growth, according to a report by GTM Research. Recent strategic partnerships in the utility solutions space and the connected-home market are expected to increase both adoption rates and total market value. The firm’s report, Home Energy Management Systems: Vendors, Technologies, and Opportunities, 2013-2017, forecasts that the U.S. HEMS market will be worth over $4 billion by 2017.
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.