Home Area Networks Will Represent a $1.1 Billion Market by 2020

FROM: http://www.pikeresearch.com/

Home area networks (HANs), which enable a variety of energy-saving applications and devices within the home, are seen by utilities and technology developers as a key element of the smart grid vision. While sales and deployments of HANs to date have been slower than expected, market drivers around energy efficiency and an increasing utilization of standards-based technologies will help fuel moderate growth in the HAN segment over the next eight years. According to a recent report from Pike Research, a part of Navigant’s Energy Practice, annual worldwide revenue from home area networks will grow from $127 million in 2012 to $1.1 billion in 2020.

www.pikeresearch.com/newsroom/home-area-networks-will-represent-a-1-1-billion-market-by-2020