Navigant Research Report Shows Global Installation of Devices for Bring Your Own Device Programs Is Expected to Reach 5.5 Mil...
December 05 2018 - 5:15AM
Business Wire
Three fundamental shifts are encouraging growth of bring your
own device programs globally
A new report from Navigant Research examines the global bring
your own device (BYOD) market and explores the issues related to
BYOD devices, providing market forecasts segmented by device type
and region through 2027.
The global electric power industry is shifting toward the Energy
Cloud, positioning the BYOD market to allow customers to take
advantage of a diverse range of smart, grid-interactive
technologies. These solutions enable customers to manage their
energy consumption while maintaining optimal comfort. Click to
tweet: According to a new report from @NavigantRSRCH, BYOD devices
installed globally are expected to grow from 1.1 million in 2018 to
5.5 million in 2027.
“We see drivers of the emerging BYOD initiatives as largely
dependent on the regulatory landscape and business model contexts
where a program operates,” says Brett Feldman, research director
with Navigant Research. “Additionally, successful utility demand
response programs and distributed energy resources management
system platform capabilities are helping to increase the number of
BYOD programs.”
According to the report, three fundamental shifts are taking
place as BYOD programs continue to grow across North America and
enter markets worldwide. These shifts include how devices beyond
thermostats are increasingly communicating with the electric power
grid, how broader BYOD programs are exploring the energy efficiency
applications of bring your own thermostat (BYOT) programs, and how
BYOD programs are expanding to include retail choice electricity
suppliers in deregulated markets and energy service providers.
The report, Bring Your Own Device DSM Programs for Utilities and
Retail Energy Suppliers, 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. 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 Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional
information about Navigant Research can be found at
www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional
services firm that helps clients take control of their future.
Navigant’s professionals apply deep industry knowledge, substantive
technical expertise, and an enterprising approach to help clients
build, manage and/or protect their business interests. With a focus
on markets and clients facing transformational change and
significant regulatory or legal pressures, the Firm primarily
serves clients in the healthcare, energy and financial services
industries. Across a range of advisory, consulting, outsourcing,
and technology/analytics services, Navigant’s practitioners bring
sharp insight that pinpoints opportunities and delivers powerful
results. More information about Navigant can be found at
navigant.com.
* The information contained in this press release concerning the
report, Bring Your Own Device DSM Programs for Utilities and Retail
Energy Suppliers, 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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Navigant ResearchLindsay
Funicello-Paul+1.781.270.8456lindsay.funicello.paul@navigant.com