A recently published IHS report (Smart Home Energy Management Devices Report – 2015) analyzing the market for demand-response enabled smart home energy management devices says that in-home displays and smart thermostats will lead the way in terms of installed base numbers. However, they will generate less revenue than smart appliances—a combined $57 million compared to nearly $3 billion—due to government and utility company subsidies.
The forces driving consumer adoption of these devices differ from region to region, with several factors determining whether or not the market will flourish, such as the country’s energy profile, condition of electricity infrastructure, government policies on energy efficiency and technology investment and citizen engagement with both energy efficiency and smart home technology.
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