A new Leaderboard report from Guidehouse Insights examines the strategy and execution of 15 home energy management (HEM) solutions providers, with Oracle, Uplight, and Bidgely ranked as the leading market players.
HEM is a broad market of technologies and services that provides information to homeowners so they can better manage and control energy consumption and production. Energy management has become an essential part of home digitization, particularly for those who have invested in smart homes, acquired distributed energy resources (DER), or are interested in engaging with third-party companies that offer value-added services including energy as a service (EaaS), virtual power plants (VPPs), and predictive maintenance services for appliances and equipment. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, Oracle, Uplight, and Bidgely are the leading HEM providers.
“What sets leading providers apart is that their HEM solutions are supported by advanced metering infrastructure (AMI), which facilitate two-way communication between utilities and customers,” says William Hughes, principal research analyst with Guidehouse Insights. “In addition to the AMI-based solutions, there are numerous HEM monitors that major equipment manufacturers are increasingly integrating into their residential electrical equipment to offer real-time energy usage information.”
According to the report, the HEM marketplace has shown dramatic growth since 2018, experiencing a compound annual growth rate (CAGR) of 30.8% through 2020. Guidehouse Insights anticipates that the market will continue to grow at a CAGR of 12.2% through 2030. This marketplace is expected to become even more dynamic as existing companies compete with new players to improve customer satisfaction scores, lower costs, and provide the data needed for demand side management (DSM) programs that assist in the transition to more renewable energy.
The report, Guidehouse Insights Leaderboard: Home Energy Management Providers, discusses various types of software platform and energy monitoring providers, reflecting rapid market maturation, technology evolution, and the entrance of several new and significant competitors. This Leaderboard examines the Strategy and Execution of 13 companies that offer software-based HEM solutions. These players are rated on 12 criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; pricing; and staying power. Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global HEM market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Home Energy Management Providers, is a summary and reflects the current expectations of Guidehouse Insights 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 Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.