Who is the Home energy management (HEM) Leaderboard Laggard?

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Home energy management (HEM) is a broad market segment covering technologies and services that consumers use to help them better manage and control their home energy consumption. A new Leaderboard Report from Navigant Research examines the strategy and execution of 16 leading home energy management (HEM) vendors, including vendor profiles and rankings, to provide industry participants with an objective assessment of these companies’ relative strengths and weaknesses in this growing market.

HEM leaders. Click on image to enlarge. Credit: Navigant Research 

According to Navigant Research’s definition, HEM technologies and services include home energy reports, web portals, standalone HEM, in-home displays (IHD), and networked HEM. In the two years since the last iteration of the report, the HEM market has seen tremendous change — some companies have pulled ahead, some have left the market to pursue other goals, and some have settled into their specialized HEM roles.

Navigant Research expects steady growth for HEM products and services through 2023. The HEM market has struggled to gain traction in the past, particularly from a utility standpoint. However, it began picking up momentum in 2014, when non-utility stakeholders started making bolder moves. The initial jolt came from Google’s early 2014 purchase of Nest Labs, which signaled that a giant tech company saw something valuable in smart thermostats and connected home devices. Thermostat vendors have followed suit by becoming active outside of hardware devices.

The HEM market continues to grow as consumers find value in its technologies and services, including home energy reports, web portals, and in-home displays. In fact, Navigant expects global HEM revenue to peak at a little over $3 billion in 2020.

Though some companies in this market have left to pursue other goals or have settled into niche roles, two vendors stand out among the competition, according to the Leaderboard Report. Specifically, Opower and Google’s Nest Labs lead the HEM vendor market in terms of strategy and execution.

“While hardware is certainly an important part of HEM, as the market continues to grow, software platforms and analytics play an even more important role in engaging customers and fostering awareness, such as participating in demand response or energy-efficiency programs,” said Paige Leuschner, research associate with Navigant Research. “Opower and Google’s Nest Labs have shown that they offer solutions mutually beneficial to utilities and customers that outpace competitors.”

EnergyHub (Alarm.com), EcoFactor, Comverge, C3 Energy, Honeywell and Silver Spring Networks, are ranked as Contenders. Aclara, iControl Networks, Tendril, CEIVA Energy, Bidgely, and Schneider Electric are Challengers.

Normally out front, Apple lags behind as a Follower. It looks like Apple’s best, most innovative days are still behind them.


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