08 Jun '11, 3pm

Home Energy Management Tools to Surge Over Next Decade, Market Report Predicts

08 Jun 2011: Home Energy Management Tools Projected to Surge Over Next Decade The global market for home energy management systems — including in-home display devices, web-based energy management dashboards, and smartphone applications — will surge over the next decade , according to a new market forecast. The report by U.S.-based Pike Research predicts that the number of consumers using these energy efficiency tools will reach 63 million by 2020, compared with only about 1 million today. The expansion of home energy management systems will increasingly be driven by widespread adoption of other new technologies, such as home-charging stations for electric vehicles. “When the garage becomes the gas station, consumers will demand more sophisticated energy management capabilities, and utilities will need greater visibility into residential energy consumption patterns,” said B...

Full article: http://e360.yale.edu/digest/home_energy_management_tools_...

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