Market Data: IoT Devices for Energy Management

Smart Devices, EV Chargers, Wireless Sensors, Storage, Submeters, and Energy Management and Automation Systems: Global Market Analysis and Forecasts

Residential consumers and commercial building owners-operators continue to adopt new Internet of Things (IoT) devices for their dwellings and buildings. Buyers are realizing benefits from the latest IoT technologies that can enhance energy management, provide greater controls, and increase comfort. This trend is also fueled by a growing awareness that connected devices can enable greater efficiencies through intelligence at the edge of networks and cloud-based IoT solutions.

Nonetheless, the adoption of IoT devices has encountered persistent challenges. One is an interoperability issue, which happens when devices are unable to communicate or share data with other connected products because they are built on different platforms or use different communications protocols. Another is the concern about security risks that have surfaced from IoT devices that can be commandeered by bad actors exploiting vulnerabilities in the systems. A third is a level of uncertainty around the IoT device value proposition, which remains unclear for some potential adopters. Despite the challenges, the IoT market has shown resilience, and supply-side stakeholders recognize the need to solve these hurdles. According to Navigant Research, global residential and commercial IoT device revenue is expected to grow from $29.4 billion in 2016 to $123.8 billion in 2026.

This Navigant Research report analyzes the market for residential and commercial IoT devices. Global market forecasts for IoT device revenue attributed to the residential and commercial sectors, segmented by device, sector, and region, extend through 2026. The report highlights the expected trends related to residential and commercial IoT devices and examines the potential market size.

Key Questions Addressed:
  • What are the key trends shaping the Internet of Things (IoT) device markets?
  • What are the drivers and inhibitors of the residential and commercial IoT device markets?
  • What is the revenue forecast for the residential and commercial IoT device markets?
  • Which regions are likely to see the most revenue growth from these markets through 2026?
  • What should stakeholders in these IoT device markets do to take advantage of expected growth?
Who needs this report?
  • Electric utilities and grid operators
  • Internet of Things (IoT) device manufacturers
  • Commercial building owners and managers
  • Security and broadband companies
  • IoT retailers
  • Standards bodies
  • Electric utility regulators
  • Investor community

Table of Contents

1. Executive Summary

1.1    Introduction

1.2    Technology Scope

1.3    Market Drivers and Inhibitors

1.4    Market Forecast

2. Data Assumptions

2.1    Forecast Methodology

3. Market Forecasts

3.1    Forecasts for Residential and Commercial IoT Device Revenue

3.2    Residential and Commercial IoT Device Revenue Worldwide

3.3    Commercial IoT Device Revenue Worldwide

3.4    North American Residential and Commercial IoT Device Revenue

3.5    European Residential and Commercial IoT Device Revenue

3.6    Asia Pacific Residential and Commercial IoT Device Revenue

3.7    Latin American Residential and Commercial IoT Device Revenue

3.8    Middle East & African Residential and Commercial IoT Device Revenue

3.9    Conclusions and Recommendations

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Residential and Commercial IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Revenue by Region, World Markets: 2016-2026
  • Commercial IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential and Commercial IoT Device Revenue, North America: 2016-2026
  • Residential and Commercial IoT Device Revenue, Europe: 2016-2026
  • Residential and Commercial IoT Device Revenue, Asia Pacific: 2016-2026
  • Residential and Commercial IoT Device Revenue, Latin America: 2016-2026
  • Residential and Commercial IoT Device Revenue, Middle East & Africa: 2016-2026
  • Residential Smart Meter Revenue by Region, World Markets: 2016-2026
  • Residential Smart Communicating Thermostat Revenue by Region, World Markets: 2016-2026
  • Residential Lighting-Only Network Revenue by Region, World Markets: 2016-2026
  • Smart Appliance Revenue by Region, World Markets: 2016-2026
  • Security-Home Management System Revenue by Region, World Markets: 2016-2026
  • Residential Smart Plug Revenue by Region, World Markets: 2016-2026
  • Residential EV Charger Revenue by Region, World Markets: 2016-2026
  • Residential Solar PV Revenue by Region, World Markets: 2016-2026
  • Residential Energy Storage System Revenue by Region, World Markets: 2016-2026
  • Other IoT Home Device Revenue by Region, World Markets: 2016-2026
  • Commercial Wireless Sensor Revenue by Region, World Markets: 2016-2026
  • Commercial Advanced Sensor Revenue by Region, World Markets: 2016-2026
  • Commercial BEMS Hardware Revenue by Region, World Markets: 2016-2026
  • Commercial Submeters Revenue by Region, World Markets: 2016-2026
  • Commercial CBAS Hardware Revenue by Region, World Markets: 2016-2026
  • Commercial IoT Revenue by Type, World Markets: 2016-2026

List of Tables

  • Residential IoT Device Revenue by Region, World Markets: 2016-2026
  • Commercial IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential and Commercial IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential Smart Meter Revenue by Region, World Markets: 2016-2026
  • Residential Smart Meter Penetration Rate by Region, World Markets: 2016-2026
  • Residential Smart Communicating Thermostat Revenue by Region, World Markets: 2016-2026
  • Residential Smart Communicating Thermostat Penetration Rate by Region, World Markets: 2016-2026
  • Residential Lighting-Only Network Revenue by Region, World Markets: 2016-2026
  • Residential Lighting-Only Network Penetration Rate by Region, World Markets: 2016-2026
  • Smart Appliance Revenue by Region, World Markets: 2016-2026
  • Smart Appliance Penetration by Region, World Markets: 2016-2026
  • Security-Home Management System Revenue by Region, World Markets: 2016-2026
  • Security-Home Management System Penetration by Region, World Markets: 2016-2026
  • Residential Smart Plug Revenue by Region, World Markets: 2016-2026
  • Residential Smart Plug Penetration by Region, World Markets: 2016-2026
  • Residential EV Charger Revenue by Region, World Markets: 2016-2026
  • Residential EV Charger Penetration by Region, World Markets: 2016-2026
  • Residential Solar PV Revenue by Region, World Markets: 2016-2026
  • Residential Solar PV Penetration by Region, World Markets: 2016-2026
  • Residential Energy Storage System Revenue by Region, World Markets: 2016-2026
  • Residential Energy Storage System Penetration by Region, World Markets: 2016-2026
  • Other IoT Home Device Revenue by Region, World Markets: 2016-2026
  • Other IoT Home Device Penetration by Region, World Markets: 2016-2026
  • Residential IoT Device Revenue by Type, World Markets: 2016-2026
  • Commercial Wireless Sensor Revenue by Region, World Markets: 2016-2026
  • Commercial Advanced Sensor Revenue by Region, World Markets: 2016-2026
  • Commercial BEMS Hardware Revenue by Region, World Markets: 2016-2026
  • Commercial Submeters Revenue by Region, World Markets: 2016-2026
  • Commercial CBAS Hardware Revenue by Region, World Markets: 2016-2026
  • Commercial IoT Revenue by Type, World Markets: 2016-2026
  • Commercial IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential and Commercial IoT Device Revenue by Type, World Markets: 2016-2026

Report Details

  • Pages: 20
  • Tables, Charts,
    Figures:
    56
  • Release Date: 4Q 2016
  • Release File(s): Excel* and PDF *Indicates primary report file.

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