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Home Energy Management Systems Will Reach $2.8 Billion in Annual Revenue by 2020, Forecasts Navigant Research

Non-utility providers and smart thermostats will help drive steady growth, report concludes

BOULDER, Colo.–(BUSINESS WIRE)–Until 2012, home energy management (HEM) systems, which help residential customers monitor and adjust their energy use, struggled to gain market traction. More recently, however, non-utility stakeholders have moved into this segment, increasing awareness of new tools and helping to drive steady growth. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from home energy management systems will grow from $512 million in 2013 to $2.8 billion in 2020.

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