Smart Home Energy Management Device Market to Reach $4 Billion by 2025
Each country’s potential market for these devices is different
LONDON — The global market for demand response-enabled smart home energy management devices is forecast to grow to $4 billion by 2025, according to a new report published by IHS.
As energy efficiency mandates and the need to update infrastructure drive interest in smart meters and other smart grid solutions, opportunities are also growing worldwide for smart home energy management devices that connect to the smart meter. To this end, IHS has published a deep-dive report looking at the market for these devices on a global scale, examining more than 20 individual countries and regions.