Global Residential Energy Management Market: Key Highlights
Global Residential Energy Management Market: Key Market Dynamics
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Global Residential Energy Management Market: Regional Overview
The North America is witness to have tremendous growth in the adoption of robust infrastructure as well as favorable governmental support which is projected to boost the residential energy management market. Moreover region is one of the major region for REM with the adoption of the technology. Also, the US is estimated to dominate this market with a sizeable share by Canada, and Mexico. Hence, this trend will fuel the residential energy management market growth in the forecast period.
The region is anticipate of play a major role for the growth and developments of the market in the forecast period. Whereas, the initiative by the government as well as the surge in investment for the development of smart cities will create an opportunities for the deployment of the market in the APAC region. Moreover, the countries such as China and India is which is one of the largest revenue generating countries in the region can also to improve the demand of the market in the forecast period.
Hence, the region is projected to grow at a highest rate during the forecast period, with the adoption and government support for the technological development.
Global Residential Energy Management Market: Key Players Overview
General Electric Company is an American multinational conglomerate, which mainly operates aviation, healthcare, power, renewable energy, and digital industry. Also, the GE Power is a one of the major player in power generation as well as the water technologies for utilities, independent power producers and industrial applications. In 2018, the company had announced innovative energy storage platform called the reservoir. Also, GE power launches new innovations at CIGRE 2018 including revolutionary HVDC control system.
The Itron is an American technology company, which offers products as well as services on energy and water resource management. Whereas, the company helps to provide solutions for collecting, communicating, and analyzing electric, gas, and water usage data. In 2017, the company has announced the acquisitions of Comverge to expand grid and customer experience solutions. Moreover, in 2018 the company has completes acquisition of Silver Spring networks to drive innovation and growth in Internet of Thing (IoT).
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