Navigant Research Report Finds US Smart Home Market Will Create New Revenue Streams and Reduce the Carbon Footprint within the Built Environment

Powered by analytics and real-time automation, the smart home is
emerging as a dynamic asset for orchestrating how power is generated and
used

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Automation?src=hash” target=”_blank”gt;#Automationlt;/agt;–A new report from Navigant
Research
explores how smart home developments can demonstrate the
potential for innovation in the built environment.

The impacts of technology disruption and digital transformation on the
energy industry are rewriting the rules for how energy is generated and
used. With residential primary energy consumption representing 11% of US
energy consumption today, the smart home is an important part of the
story. Click
to tweet
: According to a new report from @NavigantRSRCH,
the smart home will create new revenue streams for technology and
service providers, drive efficiency and convenience for homeowners, and
help address climate change goals by reducing the carbon footprint
within the built environment.

“Powered by analytics and real-time automation, the smart home is
quickly emerging as a dynamic asset for orchestrating how power is
generated and used through automated devices and systems,” says Casey
Talon, research director with Navigant Research. “The orchestration of
major energy-consuming end uses such as air conditioning and hot water
heating alongside distributed energy resources (DER) like solar,
storage, and energy efficiency measures will maximize the value of a
smart home in the Energy Cloud by offering demand flexibility into the
grid.”

To fully realize the potential of the smart home in the Energy Cloud,
Navigant Research recommends architects, designers, and developers
leverage building information modeling (BIM). OEMs must focus on
amplifying their solutions with digital capabilities, while service
providers should explore partnerships with digital technology and OEMs.
Electric utilities are advised to develop partnerships for a stake in
the smart home market.

The report, New
Residential Construction in the US Demonstrates Smart Home Potential in
the Energy Cloud
, discusses how new smart home developments can
demonstrate the potential for innovation in the built environment. The
study examines the opportunity for a new kind of solution provider, an
orchestrator, that will utilize IoT, automation, and DER to aggregate
homes as a system for energy optimization. The report presents holistic
smart home approaches to energy management that can bring even greater
climate change impacts. An Executive Summary of the report is available
for free download on the Navigant
Research website
.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report,
New Residential Construction in the US Demonstrates Smart
Home Potential in the Energy Cloud, 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.

Contacts

Lindsay Funicello-Paul
+1.781.270.8456
[email protected]

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