Issue link: https://te.mouser.com/i/1522749
TREND PAPER / HOME ENERGY STORAGE: NEXT GENERATION OPPORTUNITIES IN SMART HOMES Home Energy Storage Next generation opportunities in Smart Homes 2 Investing in smart technologies for smart homes. This is an increasingly common theme as consumers around the world look to make their homes – from small apartments to large houses – equipped with smart home appliances, security systems, heating alternatives and even transportation solutions that address heightened convenience and the demand for energy efficiency. As the focus on these smart home technologies takes root, there is a correlated interest in home energy storage. Driven by a series of global trends that are reshaping the macroenvironment and supported by various government policies and incentive programs for clean energy in different corners of the world, consumer interest in home energy usage and storage solutions is on the rise. TE Connectivity (TE), a world leader in connectivity and sensor technology, has a dedicated focus on smart homes and in turn, home energy storage solutions. In the pages that follow, we will share a range of research-based insights to help developers – from general subcontractors and OEMs to product managers and procurement specialists – capitalize on these home energy storage trends. Designers and engineers should take particular note of the forces that are impacting home energy choices in order to take greater advantage of these market opportunities. HOME ENERGY MANAGEMENT MARKET TRENDS Population Change Changing Values Environmental Shifts Technology Shifting Economic Power Social movements and issues are changing how people interact. As people become more mobile, the makeup of community's shift, creating new demands in new places. Consumers are being influenced by new channels and sources of information regularly. This creates new behaviors, priorities, and lifestyle choices they engage in on a regular basis. As environmental issues worsen, from climate change, to deforestation and drought, communities are presented with new needs. As these threats grow, sustainability moves to the forefront of consumers' lives. New developments continue to arise in order to solve problems globally. Technology allows consumers to adapt to the world around them more seamlessly and efficiently, allowing them to access more. The power balance of the world continues to shift, as new populations have growing income and access to products and services they previously did not have.