Remote access and control via broadband are expanding opportunities for energy management systems and services, with lighting controls, programmable thermostats, and self-monitoring systems each exceeding $1 billion in U.S. revenues by 2015, Parks Associates forecasts. The international research firm’s report Residential Energy Management 2011: Trends and Opportunities projects 13% of U.S. households will have some type of energy management network by 2015.

"The market for residential energy management (REM) solutions is entering a pervasive growth period characterized by the entrance of many more firms with a variety of solutions, growing consumer awareness and significantly increasing sales volumes over the next five years," said Bill Ablondi, director, home systems research, Parks Associates. "Engaging consumers is critical to success. Companies such as ADT, Best Buy, GE, Intel, and Verizon have entered the market from several different entry points; all have the marketing clout to educate consumers about the benefits of REM solutions and drive market growth.” Parks Associates will address these key issues at the pre-event workshop Smart Energy: Keys to Compelling Consumer Value Propositions at CONNECTIONS™ on June 28.

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