The Smart Energy Management System (SEMS) market is an important strategic opportunity for electrical distributors and will require them to stretch beyond their traditional capabilities. This research explores the opportunities and strategies to take advantage of the growing commercial and residential sectors.
The Smart Energy Management System (SEMS) market is an important strategic opportunity for electrical distributors:
- While still in the early stages of adoption, US residential and commercial SEMS market exceeds $3.5B today and is forecasted to surpass $8.3B by 2020
- Market growth is underpinned by strong and accelerating customer demand, and driven by improved solution economics for customers, regulatory compliance, and environmental sentiment
- Distributors perceive SEMS as critical to their company’s success; it is an opportunity for both competitive differentiation and to evolve traditional distributor business models