A few months ago, GTM Research released its latest report on Home Energy Management Systems (HEMS) looking at the major players, technologies and opportunities in the market. It highlighted the major changes happening within the industry. Not only has the HEM market segment gone mainstream, but it’s also growing exponentially.
As noted below, EcoFactor ranks the highest in the upper right quadrant on intelligence and automation, which GTM Research points out as the direction that companies are beginning to move into. And our market research reveals that this is the winning consumer combination. With big-data analytics and patented algorithms, we enable consumers to obtain the highest energy savings and control that adapts to their comfort levels and preferences – automatically. With GTM’s report, this appears to be a recipe for greater market acceptance.
Figure 1-10: Automation and “Smartness” (Intelligence) Vendor Mapping
Source: GTM Research
Various channels will be successful in the marketplace, namely utilities, energy retailers and home service providers like Comcast (EcoFactor’s service is branded EcoSaver, the energy management feature of XFINITY Home) that sell broadband-based security, home automation, and now energy solutions.
