International. According to a recent IHS publication, the global market for smart home energy management devices will grow to $4 billion by 2025.
Due to the need to upgrade infrastructures in smart meters and other smart grid solutions, opportunities are also growing around the world for these kinds of devices that connect to the smart meter. The study was conducted in 20 different regions.
Each country's market potential for smart sourced energy management devices is different, based on the energy and infrastructure profile of the particular country, government mandates, and citizens' attitudes toward energy efficiency and smart home technology alike.
Among smart home energy management devices, home displays are projected to have the highest installed base and shipments globally from 2011 to 2025, largely due to the UK government's mandate to install these kinds of smart metered devices.
