Home area networks could be a hard sell
Home area networks (HAN) enable a variety of energy-saving applications and devices within the home, and are seen by utilities and technology developers as a key part of the smart grid. But HAN deployments have been slower than expected, according to Pike Research.
Over the next eight years, the HAN market will see moderate growth, driven by energy efficiency and an increasing utilization of standards-based technologies with annual worldwide HAN revenue up from $127 million in 2012 to $1.1 billion in 2020, Pike predicts.
In-home displays which show meter-based consumption data, time-of-use pricing signals, and billing information will generate more revenue than networked home energy management systems due to lower prices and larger volumes, according to the research.
"Utilities and home energy management service providers have long expected that increasing smart meter deployments will drive adoption of home area networks," said Pike Senior Research Analyst Neil Strother. "Motivating consumers to use less energy via new technology, though, can be a difficult sell."
Strother recommends taking a realistic approach emphasizing the potential for consumers to save money on their electric bills.
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