Home energy management systems double in Europe14/09/17Energy
40,000 homes in Europe installed home energy management (HEM) systems in 2016, up from less than 20,000 in 2015, according to Delta-ee.
The solutions are designed to manage electricity flows within the home intelligently, which could save customers up to €1,000 per year.
Delta-ee, a specialist distributed energy and heat research and consulting company, has published a report, ‘Home Energy Management: The State and Future of the European Market’, which predicts that despite the HEM market’s infancy, annual sales could exceed 200,000 as the systems demonstrate value.
Principal analyst and digital energy expert at the consultancy Arthur Jouannic said: “As the market matures, HEM could have a profound impact on energy consumption.
“At the moment the most obvious value to be gained from installing a system comes from the ability to optimise self-consumption, reducing the burden on the grid. These benefits will only increase as energy storage and solar PV penetrate more of the market. But HEM’s potential value goes much further.”
Research from Delta-ee shows that a variety of players are entering the HEM market, including start-ups, battery storage companies, data analytics specialists, energy suppliers, and telephone companies.
Jouannic added: “Despite starting from a low base, the market is growing very quickly year-on-year and you’re beginning to see these investments pay off. For instance, Germany’s large PV and storage markets have made it an appealing place from which to launch solutions focused on optimising self-consumption.
“Over the coming years we expect to see similar progress in markets such as France, where self-consumption laws are set to be finalised, and the Nordics.”