Installed Base of Home Energy Management Systems Will Reach 87 Million Worldwide by 2022, Forecasts Navigant Research

  Installed Base of Home Energy Management Systems Will Reach 87 Million
  Worldwide by 2022, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- October 28, 2013

The home energy management (HEM) market is expanding at a slow but steady
pace, as new industry participants introduce innovative 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.
Click to tweet: According to a new report from Navigant Research, the
installed base of homes with HEM systems, either standalone or networked, will
grow from 4 million in 2013 to 87 million in 2022.

“The home energy management market has shown new signs of life in the past
year, as non-utility players, such as broadband service providers and home
security companies, have moved in and started to lay the groundwork for
growth,” says Neil Strother, senior research analyst with Navigant Research.
“In some countries, government mandates that require energy management tools
to be included with smart meter deployments will also play an important role
in driving the market over the next 10 years.”

The barriers to wider adoption of HEM systems continue to be the cost and the
perception of a long payback period, according to the report. Although some
consumers will be motivated by rising electricity costs and by a desire to
conserve energy, many others see little reason to jump in if the payoff is
negligible. Slim savings of 3 percent to 5 percent may not be enough for them
to change. Similarly, most consumers have a hard time justifying the initial
investment in HEM hardware systems that cost $200 or more.

The report, “Home Energy Management”, examines global and regional HEM trends
as they play out along a continuum of five segments that include: paper bills,
web portals, standalone HEM, in-home displays, and networked HEM. The study
explores the drivers and inhibitors shaping the market, plus major technology
issues. Global HEM market forecasts, broken out by these five segments and
world regions, extend through 2022. The report also includes key vendor
profiles and analysis of new players, as well as case studies that illustrate
the various stages of HEM market maturity. An Executive Summary of the report
is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at

* The information contained in this press release concerning the report, “Home
Energy Management,” is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market predictions and
expectations are inherently uncertain and actual results may differ materially
from those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.


Navigant Research
Richard Martin, +1-303-493-5483
Laverne Murach, +1-202-481-7336
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