Market Research Report
Bring Your Own Device DSM Programs for Utilities and Retail Energy Suppliers - Smart Thermostats, Hot Water Heaters, and Appliances, Energy Storage, EVs and EV Supply Equipment: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||741349|
|Published||Content info||35 Pages; 22 Tables, Charts & Figures
Delivery time: 1-2 business days
|Bring Your Own Device DSM Programs for Utilities and Retail Energy Suppliers - Smart Thermostats, Hot Water Heaters, and Appliances, Energy Storage, EVs and EV Supply Equipment: Global Market Analysis and Forecasts|
|Published: November 7, 2018||Content info: 35 Pages; 22 Tables, Charts & Figures||
The global electric power industry is shifting away from centralized power generation toward a mix of distributed energy resources (DER) and smart energy management solutions. Known as the Energy Cloud, this shift positions the bring your own device (BYOD) market to allow customers to take advantage of a diverse range of smart, grid-interactive technologies. Such solutions enable customers to manage their energy consumption while maintaining optimal comfort.
BYOD refers to utility and non-utility programs that allow customers to purchase their own pre-approved, grid-responsive devices from a vendor. Customers can integrate the technology into demand response (DR) or energy efficiency programs managed through the utility, an energy supplier, or a third-party systems integrator. Three fundamental shifts are taking place as BYOD programs continue to grow across North America and enter markets worldwide. First, devices beyond thermostats are increasingly communicating with the electric power grid. BYOD broadens the range of consumer technologies eligible to participate in programs. Second, the broader BYOD programs are exploring the energy efficiency applications of bring your own thermostat (BYOT) programs. Third, BYOD programs are expanding to include retail choice electricity suppliers in deregulated markets and energy service providers.
This Navigant Research report examines the global BYOD market, with a focus on smart thermostats, hot water heaters and appliances, energy storage, EVs, and EV supply equipment. The report explores the market issues related to BYOD devices, including drivers, barriers, and trends, to highlight regional activities and programs. Global market forecasts, segmented by device type and region, extend through 2027. The report also analyzes utility and non-utility BYOD business models and shares case studies of BYOD programs incorporating various technologies in North America.