Market Data: IoT for Residential Energy Customers

Connected Smart Meters, Smart Thermostats, Lighting, Smart Appliances, Security and Management Systems, Smart Plugs, EV Chargers, Solar PV,
and Energy Storage: Global Market Forecasts, 2016-2026

The residential Internet of Things (IoT) market continues to gather steam as consumers find value in connected devices that help automate their homes and provide greater energy efficiency. The result is an emerging paradigm where utility customers have access to affordable tools for creating more intelligent homes that enhance comfort, security, and efficiency. Navigant Research expects this IoT trend to grow in the coming years as industry stakeholders meet the demand for integrating disparate devices and in-home systems.

Overall revenue from residential IoT device shipments is expected to more than quadruple in the coming 10 years. Smart thermostats and electric vehicle (EV) charging systems are among the numerous products consumers are connecting to home area networks and the energy grid. However, as consumers adopt an increasing number of connected devices, they face challenges in how to integrate these devices. Key stakeholders can help consumers sort this out by providing added value through data insights. According to Navigant Research, global revenue attributed to residential IoT devices is expected to grow from $26.5 billion in 2016 to $117.3 billion in 2026.

This Navigant Research report analyzes the global market for residential IoT devices and services. The devices covered include smart meters, connected or smart thermostats, connected lighting, smart appliances, security systems, smart plugs, EV chargers, solar PV systems, and onsite energy storage systems. Global market forecasts for shipments, installed base, average selling prices, and revenue, segmented by device type and region, extend through 2026. The report also examines the trends related to residential IoT devices, with an emphasis on the residential built environment, larger electrical load devices, and devices that enable generation or storage.

Key Questions Addressed:
  • What are the key trends shaping the global residential Internet of Things (IoT) market?
  • What are the drivers and inhibitors of the residential IoT market?
  • What types of devices are used for residential IoT solutions?
  • What is the forecast for global shipments of residential IoT devices?
  • What is the global revenue forecast for residential IoT devices and services?
Who needs this report?
  • Electric utilities and grid operators
  • Internet of Things (IoT) device manufacturers
  • Software and services vendors
  • Home security and broadband companies
  • Retailers
  • Electric utility regulators
  • Standards organizations
  • 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

2.2  New IoT Segments

3. Market Forecasts

3.1  Forecasts for Residential IoT Shipments and Revenue

3.2  Residential IoT Device Shipments Worldwide

3.2.1     North American Residential IoT Device Shipment Revenue

3.2.2     European Residential IoT Device Shipment Revenue

3.2.3     Asia Pacific Residential IoT Device Shipment Revenue

3.2.4     Latin American Residential IoT Device Shipment Revenue

3.2.5     Middle East & Africa Residential IoT Device Shipment Revenue

3.3  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 IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments by Region, World Markets: 2016-2026
  • Residential IoT Device Revenue by Type, World Markets: 2016-2026
  • Residential IoT Device Revenue by Type, North America: 2016-2026
  • Residential IoT Device Revenue by Type, Europe: 2016-2026
  • Residential IoT Device Revenue by Type, Asia Pacific: 2016-2026
  • Residential IoT Device Revenue by Type, Latin America: 2016-2026
  • Residential IoT Device Revenue by Type, Middle East & Africa: 2016-2026
  • Residential IoT Services Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments and Services Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments by Type, World Markets: 2016-2026
  • Residential IoT Device Shipments by Type, North America: 2016-2026
  • Residential IoT Device Shipments by Type, Europe: 2016-2026
  • Residential IoT Device Shipments by Type, Asia Pacific: 2016-2026
  • Residential IoT Device Shipments by Type, Latin America: 2016-2026
  • Residential IoT Device Shipments by Type, Middle East & Africa: 2016-2026
  • IoT Home Penetration Rate by Region, World Markets: 2016-2026

List of Tables

  • Residential IoT Device Shipments by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments by Type, World Markets: 2016-2026
  • Residential IoT Device Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Installed Base by Type, World Markets: 2016-2026
  • Smart Meter Shipments by Region, World Markets: 2016-2026
  • Smart Meter Installed Base by Region, World Markets: 2016-2026
  • Smart Meter Penetration Rate by Region, World Markets: 2016-2026
  • Smart Meter Average Selling Price by Region, World Markets: 2016-2026
  • Smart Meter Revenue by Region, World Markets: 2016-2026
  • Smart, Communicating Thermostat Shipments by Region, World Markets: 2016-2026
  • Smart, Communicating Thermostat Installed Base by Region, World Markets: 2016-2026
  • Smart, Communicating Thermostat Penetration Rate by Region, World Markets: 2016-2026
  • Smart, Communicating Thermostat Average Selling Price by Region, World Markets: 2016-2026
  • Smart, Communicating Thermostat Revenue by Region, World Markets: 2016-2026
  • Lighting-Only Network Shipments by Region, World Markets: 2016-2026
  • Lighting-Only Network Installed Base by Region, World Markets: 2016-2026
  • Lighting-Only Network Penetration Rate by Region, World Markets: 2016-2026
  • Lighting-Only Network Average Selling Price by Region, World Markets: 2016-2026
  • Lighting-Only Network Revenue by Region, World Markets: 2016-2026
  • Smart Appliance Shipments by Region, World Markets: 2016-2026
  • Smart Appliance Installed Base by Region, World Markets: 2016-2026
  • Smart Appliance Penetration by Region, World Markets: 2016-2026
  • Smart Appliance Average Selling Price by Region, World Markets: 2016-2026
  • Smart Appliance Revenue by Region, World Markets: 2016-2026
  • Security-Home Management System Shipments by Region, World Markets: 2016-2026
  • Security-Home Management System Installed Base by Region, World Markets: 2016-2026
  • Number of IoT Homes by Region, World Markets: 2016-2026
  • Security-Home Management System Penetration by Region, World Markets: 2016-2026
  • Security-Home Management System Average Selling Price by Region, World Markets: 2016-2026
  • Security-Home Management System Revenue by Region, World Markets: 2016-2026
  • Smart Plug Average Selling Price by Region, World Markets: 2016-2026
  • Smart Plug Revenue by Region, World Markets: 2016-2026
  • EV Charger Shipments by Region, World Markets: 2016-2026
  • EV Charger Installed Base by Region, World Markets: 2016-2026
  • EV Charger Penetration by Region, World Markets: 2016-2026
  • EV Charger Average Selling Price by Region, World Markets: 2016-2026
  • EV Charger Revenue by Region, World Markets: 2016-2026
  • New Solar PV Installations by Region, World Markets: 2016-2026
  • Solar PV Installed Base by Region, World Markets: 2016-2026
  • Solar PV Penetration by Region, World Markets: 2016-2026
  • Solar PV Installed Average Selling Price by Region, World Markets: 2016-2026
  • Solar PV Revenue by Region, World Markets: 2016-2026
  • Energy Storage System Shipments by Region, World Markets: 2016-2026
  • Energy Storage System Installed Base by Region, World Markets: 2016-2026
  • Energy Storage System Penetration by Region, World Markets: 2016-2026
  • Energy Storage System Average Selling Price by Region, World Markets: 2016-2026
  • Energy Storage System Revenue by Region, World Markets: 2016-2026
  • Other IoT Home Device Shipments by Region, World Markets: 2016-2026
  • Other IoT Home Device Installed Base by Region, World Markets: 2016-2026
  • Other IoT Home Device Penetration by Region, World Markets: 2016-2026
  • Other IoT Home Device Average Selling Price by Region, World Markets: 2016-2026
  • Other IoT Home Device Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments by Type, North America: 2016-2026
  • Residential IoT Device Revenue by Type, North America: 2016-2026
  • Residential IoT Device Shipments by Type, Europe: 2016-2026
  • Residential IoT Device Revenue by Type, Europe: 2016-2026
  • Residential IoT Device Shipments by Type, Asia Pacific: 2016-2026
  • Residential IoT Device Revenue by Type, Asia Pacific: 2016-2026
  • Residential IoT Device Shipments by Type, Latin America: 2016-2026
  • Residential IoT Device Revenue by Type, Latin America: 2016-2026
  • Residential IoT Device Shipments by Type, Middle East & Africa: 2016-2026
  • Residential IoT Device Revenue by Type, Middle East & Africa: 2016-2026
  • Residential IoT Device Shipments by Type, World Markets: 2016-2026
  • Smart Plug Shipments by Region, World Markets: 2016-2026
  • Smart Plug Installed Base by Region, World Markets: 2016-2026
  • Smart Plug Penetration by Region, World Markets: 2016-2026
  • Residential IoT Device Revenue by Type, World Markets: 2016-2026
  • Residential IoT Services Revenue by Region, World Markets: 2016-2026
  • Residential IoT Device Shipments and Services Revenue by Region, World Markets: 2016-2026
  • IoT Home Penetration Rate by Region, World Markets: 2016-2026

Report Details

  • Pages: 20
  • Tables, Charts,
    Figures:
    87
  • Release Date: 2Q 2016
  • Release File(s): Excel* and PDF *Indicates primary report file.

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