Automated Home and Utilities – Thematic Research : ResearchByMarkets.com

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Keywords: Home automation, automated home, thermostat, utility connected thermostat, smart thermostat, smart home, smart speaker, connected homes

Automated Home and Utilities – Thematic Research

Summary

Utilities have slowly moved from passively supplying electricity to consumers to innovating new business avenues and offering a wide array of energy and other products and services to existing customers. They have already entered the home rooftop solar and storage market and the energy management systems market. The automated home is a new market that a few utilities have started to explore.

The automated home market passed $23bn in 2018, according to We derived estimates, and is expected to reach $75bn by 2025, having grown at a compound annual growth rate (CAGR) of 18%. Much of that growth will be driven by smart thermostats, which are becoming increasingly common as consumers and governments look to control energy consumption.

Utilities have a huge opportunity to exploit in the home automation business. The biggest advantage is that utilities have a huge existing base of customers and do not need to spend capital and resources on customer acquisition. There are several routes utilities can take to enter the home automation market. Forming strategic partnerships with home automation device makers can prove to be a mutually beneficial arrangement for both the parties involved. The device makers get access to the huge customer base of the utility, and the utility, through the use of these devices by the customers, gains access to the consumption related data of the customers.

Scope

– This report explores the entry of utilities in the home automation market. The report discusses several trends in the home automation market and the trends of utilities in the market. It looks at several cases of utilities entering the home automation market through partnerships, acquisitions, and investments. The report discusses several players from each layer of the market’s value chain.

Reasons to buy

– The report gives comprehensive analysis of the home automation market and then discusses how utilities have been entering this market and also possible straegies for the future of utilities in the home automation market.
– The report identifies major players from the home automation market; as well as the major utilities that have been active in the home automation sector.
– The report gives a chance to understand how utilities and home automation companies may move forward, collaborate and build automated infrastructure for residences.

Companies Mentioned:
Xcel Energy
Georgia Power
Tucson Electric Power
AES
Arcadia
E.ON
EDF
Enel
Eneco
British Gas
Google
Pulte Group
Tendril
Simple Energy
Uplight
Amazon
EcoBee
Quby
AlertME
EnerNoc


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.