Smart Home Energy to grow to USD4 billion market by 2025


Encompassing fields such as the Internet of Things (IoT), renewable energy integration, energy efficiency and smart meters, Smart Home Energy management is set to grow, according to a new IHS report. The report notes that energy efficiency mandates and the need for electricity infrastructure upgrades will drive the market.

Households becoming more engaged in energy consumption is another key driver, embodied by the fast growth of ‘connected devices’ in the much-hyped IoT field. Companies that have captured headlines in the sector include smart thermostat provider Nest, which was acquired by Google in January 2014 for $3.2 billion. Nest is currently collaborating with lease provider SolarCity.

There exist substantial overlaps with the solar industry in the Smart Home Energy field. Meter upgrades to facilitate residential solar arrays present the opportunity for smart meter rollout. Furthermore, intelligent device management and synchronization with PV production to optimize self consumption is also a good fit for Smart Home Energy management.

Intelligent solar+storage applications can also engage with Smart Home Energy devices and services.

IHS finds that in-home energy displays are expected to show strong market demand, in particular in the UK where there is a mandate to see them installed with smart meters.

The IHS Smart Home Energy Management Devices Report – 2015 focuses on the Americas, EMEA and Asia.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:

Popular content

Elastocalorics could replace heat pumps, air conditioning systems

16 July 2024 Elastocalorics have the potential to replace current air conditioning and heating systems, offering significant energy savings when paired with techno...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.