3Q 2020

Market Data: Residential Energy Management Systems

Behavioral DSM Solutions, REMS Software, REMS Hardware, and REMS Services: Global Market Analysis and Forecasts

The residential energy management system (REMS) market is undergoing rapid expansion and transformation. New digital and software approaches are changing behavioral demand side management (DSM) solutions and home energy management software. Despite the economic impacts of COVID-19 and shelter‑in‑place orders, home energy management hardware, such as smart thermostats and smart lighting, are gaining traction among residential customers as residential energy management (REM) assets and as elements of the smart home.

Data analytics applications in REM solutions are also evolving. For example, improved disaggregation of data on home energy use is creating cost savings for residential customers and improved customer engagement opportunities for utilities. Although large technology companies have opened other energy data gathering channels via voice assistants such as Amazon’s Alexa and Google Home, a rich startup ecosystem has emerged to engage customers with app-, panel-, and sensor-based REM service interfaces.

This Guidehouse Insights report analyzes the global market for REM solutions, with a focus on four technology areas: behavioral DSM solutions, REM hardware, REM software, and REM services. The study provides an analysis of the market issues, including drivers and barriers, associated with REMSs. Global market forecasts, segmented by revenue, shipments, and region, extend through 2029.

Pages 22
Tables | Charts | Figures 24
  • What key trends are shaping the REM market?
  • What are the drivers of the global and regional REM markets?
  • What is the 10-year forecast for revenue for the REM market?
  • Which regions are likely to see the most revenue growth from REM solutions?
  • What approach should stakeholders take to exploit the opportunities in the REM market?

  • Utilities
  • Service providers
  • REM device manufacturers, software providers, and platform providers
  • Smart home integrators
  • Home builders
  • Regulators
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers

1.3   Market Barriers

1.4   Market Forecast

2. Data Assumptions and Overview

2.1   Technology and Market Trends

2.1.1   Technology Trends

2.1.2   Utility Programs and Customer Engagement

2.1.3   Building Codes

3. Market Forecasts

3.1   Forecast Methodology

3.1.1   Assumptions

3.1.2   Components

3.2   Forecast Overview

3.2.1   Forecasts by Segment

3.2.2   Forecasts by Region

3.2.2.1   North America

3.2.2.2   Europe

3.2.2.3   Asia Pacific

3.2.2.4   Latin America

3.2.2.5   Middle East & Africa

3.3   Conclusions and Recommendations

3.3.1   Utilities

3.3.2   REM Vendors

4. Acronym and Abbreviation List

5. Table of Charts and Figures

6. Scope of Study, Sources and Methodology, Notes

  • REM Revenue by Region, World Markets: 2020-2029
  • REM Revenue by Segment, World Markets: 2020-2029
  • REM Revenue by Segment, North America: 2020-2029
  • REM Revenue by Segment, Europe: 2020-2029
  • REM Revenue by Segment, Asia Pacific: 2020-2029
  • REM Revenue by Segment, Latin America: 2020-2029
  • REM Revenue by Segment, Middle East & Africa: 2020-2029
  • Hardware Shipments by Device, North America: 2020-2029
  • Hardware Shipments by Device, Europe: 2020-2029
  • Hardware Shipments by Device, Asia Pacific: 2020-2029
  • Hardware Shipments by Device, Latin America: 2020-2029
  • Hardware Shipments by Device, Middle East & Africa: 2020-2029
  • REM Revenue by Region, World Markets: 2020-2029
  • REM Revenue by Segment, World Markets: 2020-2029
  • REM Revenue by Segment, North America: 2020-2029
  • REM Shipments and Revenue by Segment, North America: 2020-2029
  • REM Revenue by Segment, Europe: 2020-2029
  • REM Shipments and Revenue by Segment, Europe: 2020-2029
  • REM Revenue by Segment, Asia Pacific: 2020-2029
  • REM Shipments and Revenue by Segment, Asia Pacific: 2020-2029
  • REM Revenue by Segment, Latin America: 2020-2029
  • REM Shipments and Revenue by Segment, Latin America: 2020-2029
  • REM Revenue by Segment, Middle East & Africa: 2020-2029
  • REM Shipments and Revenue by Segment, Middle East & Africa: 2020-2029
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