Energy-Focused Utility Applications Have the Potential to Save Customers Eight Percent, According to Navigant Research
The market for energy applications is in its early stage, but is
expected to experience further growth, report finds
A new report from Navigant
Research explores the residential energy application (app) market,
including its drivers, inhibitors, and regional trends, focusing on the
consumer, prosumer, and utility segments.
Residential customers are beginning to turn to energy-focused apps
offered by utilities and vendors of energy-related hardware and services
to increase energy efficiency in their homes and to save money. Through
new tools, and with data available at their fingertips, customers can
monitor their energy use to reduce consumption, while utilities benefit
from more efficient grid operations. Click
to tweet: According to a new report from Navigant Research, active
users of utilities’ energy apps have experienced average savings of six
percent to eight percent.
“Customers are using apps via mobile devices like smartphones and
tablets, as well as PCs, for more and more of their daily needs,” says
Neil Strother, principal research analyst with Navigant Research.
“Energy services companies in the 21st century need to stay
in tune with them by providing appropriate apps and developing an
adaptable and long-term strategy, helping customers to more efficiently
monitor and manage their energy consumption.”
Currently, several utilities offer energy apps for customers, including
DTE Energy, Direct Energy, and Infinite Energy, and point to generally
positive customer experiences and possible energy savings of
approximately eight percent. The market for energy apps is still in its
early stage, according to the report, but is expected to grow as more
utilities and energy service companies become more technologically savvy.
The report, Energy
Apps for Residential Customers, examines the residential energy
app market, with a focus on three segments: consumer apps, prosumer
apps, and utility apps. The study analyzes the drivers, inhibitors, and
regional trends related to energy apps and highlights several case
studies where these apps are being used today. Some of the key players
in the residential energy app market are profiled, and various business
models and best practices for designing and deploying winning energy
apps are discussed. 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 the
Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings
sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is an independent specialized, global
professional services firm that combines deep industry knowledge with
technical expertise to enable companies to defend, protect and create
value. With a focus on industries and clients facing transformational
change and significant regulatory and legal issues, the Firm serves
clients primarily in the healthcare, energy and financial services
sectors which represent highly complex market and regulatory
environments. Professional service offerings include strategic,
financial, operational, technology, risk management, compliance,
investigative solutions, dispute resolutions services and business
process management services. The Firm provides services to companies,
legal counsel and governmental agencies. The business is organized in
four reporting segments – Disputes, Investigations & Economics;
Financial, Risk & Compliance; Healthcare; and Energy. More information
about Navigant can be found at navigant.com.
* The information contained in this press release concerning the
report, Energy Apps for Residential Customers, 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.
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