Home Energy Management Market to Exceed $4 Billion in US by 2017

Currently valued at $1.5 billion, but with only 1.5 to 2.5 percent penetration in most states, the home energy management systems (HEMS) market is poised for significant growth, according to a report by GTM Research. Recent strategic partnerships in the utility solutions space and the connected-home market are expected to increase both adoption rates and total market value.