Home energy management revenues expected to total more than US$22 billion from 2014-2023, says Navigant

Shortly after Google purchased Nest Labs in January 2014, home energy management (HEM) stakeholders began reporting increased market activity, as the acquisition signaled to vendors, utilities, service providers, and retailers that the value in home energy management and automation was finally gaining recognition. Similarly, consumer awareness began to increase, bringing into focus products and services that can help better manage and control home energy consumption. According to a recent report from Navigant Research, cumulative HEM revenues are expected to exceed US$22 billion from 2014-2023.



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