|[October 01, 2012]
IDC Energy Insights Forecasts North American Utilities to Spend $577.8 Million by 2016 on Home Energy Management (HEM) Solutions
FRAMINGHAM, Mass. --(Business Wire)--
Energy Insights announced today the availability of a new report, Technology
Selection: North American Home Energy Management Spending Forecast,
2011-2016 (Doc #EI236935). The new report emphasizes that while
growth in home energy management (HEM) investment will be more
conservative than other areas in the smart grid, utilities in North
America will spend approximately $577.8 million by 2016. To date, North
American utility investment in HEM has supported pilot programs and test
deployments. Looking to 2016, IDC (News - Alert) Energy Insights forecasts broadening
adoption as consumers become increasingly engaged and as utilities
comply with regulatory mandates for home area network development as a
critical component of the emerging smart grid.
IDC Energy Insights defines home energy management as an ecosystem of
technologies and services that enable electricity customers to shift
consumption behaviors in response to signals from the grid to see
economic benefits and support smart grid goals. As home energy
management becomes more widely adopted, utilities will continue to
invest in enabling technologies and services, but shift the focus away
from the in-home environment to shape a robust HEM business case and
engage customers to change behavior through programs including demand
response. Electric utilities in North America however, face a difficult
challenge to develop the business case for home energy management in
light of tepid adoption observed through pilot projecs, current costs
of HEM solutions and components, and the long cycle of changing consumer
behavior with fixed electricity rate structures. IDC Energy Insights'
new report provides key elements of the HEM business case in the context
of promoting the development of the smart grid and explores how changes
in utility spending will impact the development of HEM.
"In the next five years, electric utilities will expand investment in
technologies and services that enable home energy management because
these solutions support the initiatives and goals of the emerging smart
grid," said Casey
Talon, research analyst, Smart
Grid Strategies, IDC Energy Insights.
Additional insights from the report include:
While there will be a decrease in investment in smart meters, we can
expect an increased proportion of smart meters deployed will be
capable of supporting and being utilized for HEM.
Customer investment on HEM devices will increase, specifically in
Utilities will decrease investment in IHD as other options such as
portals and Web pages prove cost effective for promoting behavioral
change via consumer devices.
For additional information about this study, or to arrange a one-on-one
briefing with Casey
Talon, please contact Sarah Murray at 781-378-2674 or firstname.lastname@example.org.
Reports are available to qualified members of the media. For information
on purchasing reports, contact email@example.com.
About IDC Energy Insights
IDC Energy Insights assists energy businesses and IT leaders, as well as
the suppliers who serve them, in making more effective technology
decisions by providing accurate, timely, and insightful fact-based
research and consulting services. Staffed by senior analysts with
decades of industry experience, our global research analyzes and advises
on business and technology issues facing the utility and oil and gas
industries. International Data Corporation (IDC)
is the premier global provider of market intelligence, advisory
services, and events for the information technology market. IDC is a
subsidiary of IDG, the world's leading technology, media, research, and
events company. For more information, please visit www.idc-ei.com,
email firstname.lastname@example.org, or call
508-935-4400. Visit the IDC Energy Insights Community at http://idc-insights-community.com/energy.
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