Nov. 11, 2013: Number of Home Energy Management Systems to Reach 87 Million by 2022
BOULDER, Colo. — With the groundwork for growth in place, the global installed base of homes with home energy management (HEM) systems, either standalone or networked, is forecast to grow from 4 million in 2013 to 87 million in 2022, according to a new report from Navigant Research.
The HEM market is expanding at a slow but steady pace, as new industry participants introduce new products and a few U.S. utilities, including Oklahoma Gas & Electric, NV Energy, and Baltimore Gas and Electric, promote HEM products linked with demand response programs. At the same time, the government of the United Kingdom has mandated that each home with smart electric and/or gas meters include an in-home HEM display.