|[January 10, 2013]
Home Area Networks Will Represent a $1.1 Billion Market by 2020, Forecasts Pike Research
BOULDER, Colo. --(Business Wire)--
Home area networks (HANs), which enable a variety of energy-saving
applications and devices within the home, are seen by utilities and
technology developers as a key element of the smart grid vision. While
sales and deployments of HANs to date have been slower than expected,
market drivers around energy efficiency and an increasing utilization of
standards-based technologies will help fuel moderate growth in the HAN
segment over the next eight years. According to a recent report from Pike
Research, a part of Navigant's Energy Practice, annual worldwide
revenue from home area networks will grow from $127 million in 2012 to
$1.1 billion in 2020.
"Utilities and home energy management service providers have long
expected that increasing smart meter deployments will drive adoption of
home area networks," says senior research analyst Neil Strother.
"Motivating consumers to use less energy via new technology, though, can
be a difficult sell. Vendors of HAN products should take a realistic
approach to this nascent market, emphasizing the potential for consumers
to save money on their electric bills."
Energy-focused HANs fall into two main categories: in-home displays,
which can show meter-based consumption data, time-of-use pricing
signals, and billing information; and networked home energy management
(HEM) systems, which combine the HAN with hardware that has auto-pricing
response capabilities, demand response load control, and home automation
controls. In-home displays will generate greater revenue than networked
HM, according to the report, because of lower prices and larger volumes.
The report, "Home
Area Networks", examines the global market opportunity for HANs,
exploring the drivers and inhibitors that are shaping the market along
with major technology issues. The study also provides market forecasts
through 2020 for HAN device shipments and associated revenue. Key vendor
profiles, analysis of new market players, and case studies are included
as well. An Executive Summary of the report is available for free
download on the Pike
About Pike Research (News - Alert)
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Utilities, Smart Transportation, Smart Industry, and Smart
Buildings sectors. Additional information about Pike Research can be
found at www.navigant.com/pikeresearch.
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Home Area Networks," is a summary and reflects Pike
Research's current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report's conclusions and
the methodologies used to create the report. Neither Pike Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
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