The market for utility apps has grown in recent years, as customers become more aware of the data surrounding consumption.
According to a recent report from Navigant Research more than 1.2 million energy-focused apps are downloaded each year.
The report, Energy Apps for Residential Customers, looks at the residential energy app market, concentrating on three segments: consumer apps, prosumer apps, and utility apps.
The study analyses the drivers, inhibitors, and regional trends related to energy apps and highlights several case studies where these apps are being used today.
According for the report the market for utility apps has grown in recent years, as customers have become increasingly aware of the data surrounding consumption.
It is also relatively easy for a utility to deploy an app or a set of apps, and those that are designed well, make it easy for customers to control their energy consumption.
The number of energy apps is growing, and although in the main they have been in the main a North American development, utilities and vendors in other countries are beginning to follow this trend.
“For this market to grow and succeed, more utilities and regulators will need to accept the changes inherent in these trends,” said Neil Strother, principal research analyst with Navigant Research. “Consumers have shown a thirst for new technologies, and apps, when well-designed, are a significant part of that desire.”