(em)Powering Lives at Manifest Mind, LLC
  • Books
    • Open Innovation
    • Smart Cities
    • Utility Analytics
  • Advisory
  • Research
  • Media
  • Subscribe
  • Books
  • Books
    • Open Innovation
    • Smart Cities
    • Utility Analytics
  • Advisory
  • Research
  • Media
  • Subscribe
  • Books

Energy Management Services: Report and Market Forecast 2014-2022

SKU:
$120.00
$60.00
$60.00
On Sale
Unavailable
per item
Energy Management: How Techo-Fetishism Unraveled the HEM Market and How Services Will Mend It

We anticipate that the HEM market spending potential in North America via the dominant delivery channels will reach an annual value of $2.2 billion in 2022 and a cumulative market value of $15 billion in the 8 years forecasted, beginning in 2015.

Our expectations for the future of the HEM market represent a radical departure from this classic model – rather than relying on people to adopt gadgets and new habits, we see a more natural progression in the delivery of HEM services via channels to the home that customers already use and trust.
​
Format: PDF
Length: 29 pages
Authors: Bryan Jungers and Carol L. Stimmel
​© 2014 Manifest Mind, LLC
  • Facebook
  • Twitter
  • Pinterest
  • Google+
Not Available

Summary

Over the last decade, many analysts have continued to produce myriad Home Energy Management (HEM) market forecasts, yet they have largely failed to materialize. This is because there has been a widespread belief among industry thought leaders that with enough education, proof, and insight of the negative impacts of energy wastage on the environment and the consumer wallet and information about how to change it, that home energy management technologies would simply take hold. This has been as effective as feeding cauliflower to a child who doesn’t like vegetables. The reason that these models have not risen to the level of expected buoyancy is a poor recognition of the emerging role of the service sector that increasingly drives the North American consumer purchasing decisions, including technology for the home.
​
Our expectations for the future of the HEM market represent a radical departure from this classic model – rather than relying on people to adopt gadgets and new habits, we see a more natural progression in the delivery of HEM services via channels to the home that customers already use and trust.

What you think of as HEM today is simply not the HEM of tomorrow. By the end of this brief, if we are successful, when you think about home energy management, you will clearly realize that the opportunities in this market are emerging from an understanding that long-term value is not derived from device shipments, but from the utilization of energy-management services.

The team at Manifest Mind has performed a novel and rigorous evaluation of the role energy management will play in the overall push towards home management going forward. Our fundamental re-casting of the HEM market encompasses new boundaries that reject a segmentation of the market based on the devices, networks, and systems traditionally included under the definition of HEM, with a shift in perspective towards the effects of the service economy. Taking such a viewpoint on the smart home market shows that while a HEM system may incorporate dozens of networked devices per home to provide entertainment, security, lighting, comfort control, and other services through independent functionality and collective interoperability within the smart-home ecosystem, it’s the management of optimally-orchestrated home performance for comfort, enjoyment, security, and energy efficiency through services that is driving this market and reflects the true nature of the opportunity. To quantify this, we model the controls layer of the HEM market that actually delivers smart-home performance via existing service channels, including new home construction, home security, home entertainment, home utilities, and DIY home upgrades.
​
Forecasts details HEM market spending potential in North America via the dominant delivery channels will reach an annual value of $2.2 billion in 2022 and a cumulative market value of $15 billion in the 8 years forecasted, beginning in 2015, based on a shift from one market scenario to another, we have leveraged a normal baseline from the existing work in the field and driven our model from a familiar point-of-view. However, we strongly assert that a continuing perspective of techno-fetishism will result in missed opportunities for market offerings that provide the value that consumers are actually seeking within the context of services. 
Main Number | Greater New York City | +1. 516.336.GRID (4743)

    Booking and Media Requests

Submit

Wendy Potomski

Managing Director
/
Brookstone Strategy

  • 1
  • 2
  • 3
  • 4
  • 5
Carol Stimmel brings a fresh perspective to everything in which she is involved. Her vast knowledge and expertise allows her to develop innovative solutions that add real value to clients and further the growth of the cleantech industry. Expect Carol to challenge you to think beyond your comfort zone until the right solution is found.

Wendy Potomski

Managing Director
/
Brookstone Strategy

  • 1
  • 2
  • 3
  • 4
  • 5

/

  • 1
  • 2
  • 3
  • 4
  • 5
Carol is a very strong operator with the ability to  manage a very diverse team. She is able to identify core problems, work through solutions to those problems, and implement them quickly having an immediate impact on the business.

Ron Gerrans

CEO
/
GeoLens

  • 1
  • 2
  • 3
  • 4
  • 5

/

  • 1
  • 2
  • 3
  • 4
  • 5
The team's insights and enthusiasm are invaluable, and Carol is one of the top analysts in the energy industry. I admire her dedication to working with both energy providers and technology vendors to navigate our evolving market.

Brad Langley

Director of Corporate Communications and Marketing
/
Tendril

  • 1
  • 2
  • 3
  • 4
  • 5

/

  • 1
  • 2
  • 3
  • 4
  • 5
Engerati's partnership with Manifest Mind has been created through a shared passion for knowledge. This opportunity has allowed us to award our community with deeper coverage of the fast moving data analytic space, through their comprehensive industry reports and insights.

Adam Malik

Director
/
Engerati

  • 1
  • 2
  • 3
  • 4
  • 5
  • 0
  • 1
  • 2
  • 3
All photography and content on manifestmind.com is © Carol L. Stimmel and Manifest Mind, LLC 2012-2016 unless otherwise credited. Obviously, we can't provide any warranties, and any information found here is provided for informational purposes only, is not advice, and should not be construed as such.