According to a recently published IHS (NYSE: IHS) report (Smart Home Energy Management Devices Report – 2015), the global market for demand response-enabled Smart Home Energy Management devices will grow to US$4 billion by 2025.
As energy-efficiency mandates and the need to update infrastructure drive interest in smart meters and other smart grid solutions, opportunities are also growing worldwide for smart home energy-management devices that connect to the smart meter. To this end, IHS has recently published a deep-dive report looking at the market for these devices on a global scale, examining more than 20 individual countries and regions.
Each country’s potential market for smart home energy-management devices is different, based on that particular country’s energy profile and infrastructure, government mandates, and citizen attitudes toward energy efficiency and smart home technology alike.
Among smart home energy-management devices, in-home displays (IHDs) are projected to have the highest installed base and unit shipments globally from 2011 to 2025, largely because of the UK government mandate to install IHDs with smart meters.
IHS Technology has covered the smart home market since 2010, and regularly analyzes all aspects of the market. The Smart Home Energy Management Devices Report – 2015 provides in-depth analysis across three world regions: the Americas, EMEA, and Asia. Unit installed base, shipment and revenue figures are estimated for 2011 to 2014 and forecast through 2018, as well as long-term regional forecasts for 2020 and 2025. The market is segmented by region, country, product type, and connectivity. Additionally, IHS analyzes the market for all Smart Home Automation Devices in its Smart Home Intelligence Service.