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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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Automated Demand Response Sites Will Reach Nearly 2 Million Worldwide by 2023, Forecasts Navigant Research

ADR technology will help accelerate the adoption of distributed power generation, report concludes

BOULDER, Colo.–(BUSINESS WIRE)–As the power grid moves away from traditional central power plants and toward more distributed energy resources to address future energy needs, demand response (DR) is a growing part of the resource base that electric system operators use to maintain reliability on the grid. Advanced technologies such as automated demand response (ADR), which automates the DR dispatch process without any manual intervention, are helping to speed this transition and enhance reliability along the way. Click to tweet: According to a new report from Navigant Research, the number of ADR-equipped sites worldwide will grow from fewer than 217,000 in 2014 to more than 1.9 million by 2023.

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