The need for energy conservation will drive the market
August 25, 2015
The global home energy management systems (HEMS) market is forecast to grow at a compound annual growth rate (CAGR) of nearly 27 percent from 2015 to 2019, according to a new market research report published by Technavio.
According to recent studies, the market for home automation products — including advanced thermostats — is poised for explosive growth. Many industry experts believe trends in consumer habits and technology are converging to create an increasing demand for these products.
New legislation would create rebates for property owners who install GHPs
August 3, 2015
The state’s Renewable Energy Standard (RES) requires that at least 20 percent of electricity sales in Minnesota originate from renewable sources by 2020 and 25 percent by 2025.
Retail channel accounts for largest percentage of units sold
July 27, 2015
Smart thermostats are forecast to take a larger portion of the market this year, accounting for over 40 percent of the nearly 10 million thermostats sold in the U.S., according to new smart home research from Parks Associates.
REM helps to conserve energy resources and optimize the use of energy
July 27, 2015
The market was estimated to be valued at $2,860.4 million in 2014 and is forecast reach $15,620.9 million by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019.
Evaluation, measurement, and verification demonstrate the value of energy efficiency by providing accurate, transparent, and consistent assessments of methods and performance.
According to a recently published IHS report, the global market for demand response-enabled Smart Home Energy Management devices will grow to $4 billion by 2025.
A majority of the growth is expected to take place in North America and Europe
July 2, 2015
The global residential energy management market had an estimated value of $2.86 billion in 2014 and is forecast to reach $15.62 billion by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019, according to a new report from Research and Markets.
Each country’s potential market for these devices is different
June 30, 2015
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.