SMA and Solar-Log Are the Leading Vendors of Solar Monitoring and Home Energy Management Systems
A surge of market entrants means more competition and opportunities for better offerings through partnerships
A new Leaderboard Report from Navigant Research examines the strategy and execution of 15 vendors of solar monitoring and home energy management systems (HEMSs).
Linking solar monitoring and HEMSs is becoming more common as countries move from traditional support mechanisms like feed-in tariffs and net metering to regulatory models that rely on self-consumption and include time-of-use components that hurt solar generation. In this new regulatory world, analytics are essential to new business models for installations that depend on self-consumption of the electricity generated locally or that will be aggregated in virtual power plants. Click to tweet: According to a new Leaderboard Report from @NavigantRSRCH, in terms of strategy and execution, SMA Solar Technology AG and Solar-Log are the leading vendors of solar monitoring and HEMSs.
“SMA and Solar-Log understand that, to create value in the future residential solar market, they needed to become an essential part of the HEMS—they are achieving this by creating platforms that can be integrated with other smart home products,” says Roberto Rodriguez Labastida, senior research analyst at Navigant Research. “With relatively few monitoring and HEMSs on the ground, contenders and challengers have some time to improve their solutions through enhancing analytics, building partnerships, and offering new services to move up in the rankings.”
While the solar monitoring and HEMSs market remains nascent, it is expected to evolve as home automation players enter the market and as companies from other value chains, like energy storage and load management, vie to provide core competencies and additional services like aggregation. Despite the competition, this market also presents opportunities to partner and build even more compelling products and services, according to the report.
The report, Navigant Research Leaderboard: Residential Solar Monitoring and HEMS, analyzes the Strategy and Execution of 15 leading residential solar monitoring and HEMS vendors. These players are rated on nine criteria: vision; go-to market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio and ecosystem; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global residential solar and HEMS market. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Navigant Research Leaderboard: Residential Solar Monitoring and HEMS, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.