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3Q 2023

Residential Energy Management Systems

In-Home and Grid-Based Home Energy Management Systems: Global Market Analysis and Forecasts: 2023-2032

Residential energy management systems (REMS) monitor and manage one or more parts of a home’s energy system. The many diverse types of REMS on the market generally fall into one of two broad categories: in-home systems, also known as behind-the-meter, and grid-based systems. In-home systems include any devices in a home that monitors and manages one of more end uses, like smart thermostats or EV chargers. Grid-based systems help utilities better engage their residential customers to manage their energy use.

The market for REMS is expected to grow over the next decade due to greater demand for home energy management solutions from the two main customer segments in this market: residents and utilities. Residents are expected to become increasingly interested in REMS as they continue adopting distributed energy resources like solar generation and electrical vehicles because these systems can help them manage their new energy resources and maximize the use of them. Utilities are also expected to be increasingly interested in REMS as a tool to improve their demand side management strategies.

This Guidehouse Insights report analyzes the global market for REMS in two main segments: in-home REMS and grid-based REMS. It provides an analysis of market drivers and barriers,  and provides an overview of the many types of companies entering the market with new solutions. Global market forecasts for number of households with REMS and revenue, broken out by technology type and region, extend from 2023 through 2032.

Pages 34
Tables | Charts | Figures 21
  • What are REMS and HEMS?
  • What are the main types of REMS on the market today?
  • What is the expected revenue from REMS?
  • What are drivers and barriers for REMS adoption?
  • How is REMS adoption expected to grow over the next decade?
  • In-Home HEMS Providers
  • Advanced Metering infrastructure (AMI)-Based HEMS Providers
  • Utilities
  • Residential Distributed Energy Resources (DER) Manufacturers
  • Smart home technology manufacturers

1. Executive Summary

1.1    Market Definition

1.2    Market Outlook

2. Market Issues

2.1    Introduction

2.1.1   In-Home REMS

2.1.2   Grid-sited REMS

2.2    Market Drivers

2.2.1   Distributed Energy Resources Adoption

2.2.1.1 Case Study: Oracle and Pacific Gas and Electric—Solar HERS

2.2.2   Home Electrification

2.2.2.1 Case Study: EVs

2.2.3   Rising Energy Costs

2.2.4   Demand Side Management

2.2.4.1 Case Study: Uplight and Low to Moderate Income Customers

2.2.4.2 Case Study: Bidgely’s UtilityAI EV Solution

2.2.5   Regulations

2.2.5.1 Case Study: Solar Requirements for Residential Buildings

2.3    Market Barriers

2.3.1   Customer Awareness

2.3.2   Speed of AMI Rollout

2.3.3   Industry Standards and Open Protocols

2.3.4   Regulations

3. Industry Value Chain

3.1    REMS Market Landscape

3.1.1   In-Home REMS

3.1.1.1 HEMS

3.1.2   Grid-sited REMS

4. Market Forecasts

4.1    Methodology

4.2    In-Home HEMS

4.3    Residential DER

4.4    AMI-Based HEMS

4.5    Residential Demand Response

4.6    HEMS Revenue

5. Conclusions and Recommendations

5.1    Three Big Takeaways

5.2    Recommendations

5.2.1   REMS Providers

5.2.2   HEMS Providers

5.2.3   Utilities and Power Providers

5.2.4   Government and Utility Regulators

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study

10. Sources, Methodology and Notes

  • Number of Residential Units with REMS by Technology, World Markets: 2023-2032
  • Number of Residential Units with In-Home Sensor-Based HEMS by Region, World Markets: 2023-2032
  • Revenue from In-Home HEMS Hardware Sales by Region, World Markets: 2023-2032
  • Number of Residential Units with DER by Technology Type, World Markets: 2023-2032
  • Revenue from DER Hardware Sales by Region, World Markets: 2023-2032
  • Number of Residential Units Receiving AMI-Based HEMS Services by Region, World Markets: 2023-2032
  • Revenue From AMI-Based HEMS Services by Region, World Markets: 2023-2032
  • Number of Residential Units Receiving Demand Response Services by Region, World Markets: 2023-2032
  • Revenue From Demand Response Services by Region, World Markets: 2023-2032
  • Revenue from HEMS by Region, World Markets: 2023-2032
  • Estimated Number of Households with In-Home Sensor-Based HEMS by Region, World Markets: 2023-2032
  • Number of Households with DER by Technology Type, World Markets: 2023-2032
  • Revenue from Residential DER by Technology Type, World Markets: 2023-2032
  • Number of Households with AMI-Based HEMS Services by Region, World Markets: 2023-2032
  • Households Providing Demand Response Services by Region, World Markets: 2023-2032
  • Revenue From Residential DR by Region, World Markets: 2023-2032
  • Number of Residential Units with In-Home REMS by Region, World Markets: 2023-2032
  • Number of Residential Units with Grid-Sited REM by Region, World Markets: 2023-2032
  • Revenue In-Home REMS Hardware Sales by Region, World Markets: 2023-2032
  • Revenue From Grid-Sited REMS by Region, World Markets: 2023-2032
  • Revenue Whole-Home HEMS Sales by Region, World Markets: 2023-2032
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