According to a recent report by Technavio, the Home Energy Management (HEM) industry is going to boom to more than $2 billion by 2019.
While our focus to date has been energy management outside of the home, such as multi-dwelling units and condo/housing complexes, industrial buildings and large electrical grids, the same principals apply to single family homes. We've talked about these topics in the past, especially focusing on the conversion of smart grid technology and distributed intelligence and the challenge that arises in having a solid advanced network to support it all.
The report goes on to talk about HEM as a means of energy conservation and using remote devices to conserve energy from anywhere at anytime. The challenge with Home Energy Management (HEM) is connecting a wide array of disparate monitoring and control devices to a reliable, robust network capable of not only reporting data back to a central control center, but also sending control instructions back through the network to those devices.
In the end, energy management is a strong and positive option for homeowners, but wired and wireless networks will have to evolve in order to make sure all these devices, not to mention the other Internet of Things that will run in your house, are supported by an advanced wireless network capable of handling the multitude of devices and data.