Oct, 27 2023

Elster Solutions (a subsidiary of Honeywell International Inc.), COMCAST and SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY) are Dominating in the North America Residential Energy Management (REM) Market in 2020

North America Residential Energy Management (REM) Market is expected to grow with the CAGR of 32.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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North America residential energy management (REM) market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario. The major players dealing in North America residential energy management (REM) market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in August 2020, Aclara Technologies LLC introduced polyphase SMETS2 smart meter which provides heavy loads of electricity in residential sites for the U.K. The company is going to enhance its business portfolio through the launch of the service which is going to generate more income for it.

Elster Solutions (a subsidiary of Honeywell International Inc.) is the dominating player in North America residential energy management (REM) market. The other key players existing in the residential energy management (REM) market are Lutron Electronics Co., Inc., SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY), Schneider Electric, ABB, Siemens, Aclara Technologies LLC, ecobee, Uplight, Inc., e-peas, Cisco, LG Electronics, Itron Inc., SAMSUNG SDI CO.,LTD. (a subsidiary of SAMSUNG ELECTRONICS CO., LTD.), EcoFactor, GridPoint, Landis+Gyr, Panasonic Corporation, COMCAST among others.

Elster Solutions (a subsidiary of Honeywell International Inc.):

Elster Solutions (a subsidiary of Honeywell International Inc.) is headquartered in Mainz-Kastel, Germany. The company is engaged in providing gas, electricity and water meters and related communications, networking and software solutions. The company provides various products such as energyaxis, alphacenter, connexo, cabinet telemetry МС-245, A100C / A102C, A102C, A102RC, A1050 2G SPS, A1052 2G SPS, A1052 BCD, A1052+, A1053, A1054, A1055, A1100, A1120/40, A150, A1500, A1800 ALPHA, A200, A220, A2500, A3 and many others.

For instance,

In February 2019, Honeywell International Inc. launched micro switch designed for household appliances and other hazardous locations. These switches were cost-effective and are designed for use in Zone 2 hazardous locations. These switches can be used in generators, damper equipment, compressors, extraction valves and ducts. This launch has helped the company to broaden their product portfolio and acquire new customer base.

The company has wide presence across the Americas, Europe, Middle East and Africa and Asia-Pacific.

COMCAST:

COMCAST is headquartered in Pennsylvania, U.S. and was founded in 1936. The company is focused on providing smart entertainment connecting millions of moments and experiences. The company deals in multiple business segments such as cable communications, cable networks, broadcast television, filmed entertainment, theme parks and sky out of which cable networks is the market focused segment. The company provides various products under categories such as xfinity, NBCuniversal, sky, comcast business and other business among which xfinity is the market focused category.

For instance,

In July 2020, COMCAST signed license agreement with ViacomCBS for the broadcasting of paramount movies and TV shows. The agreement is aimed for better media entertainment purposes. The company is going to enhance the business portfolio through the agreement generating more income to it.

The company has wide global presence across the North America, Latin America, Europe, Middle East & Africa and Asia-Pacific which generates revenue through subsidiaries namely Sanyo (Japan), JVC (Japan), PanaHome Corporation (U.S.), Panasonic U.K. Ltd. (U.K.), Panasonic System Solutions Japan Co., Ltd. (Japan) among others.

SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY):

SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY) is headquartered in Ohio, U.S. and was founded in 1890. The company focuses on manufacturing lighting products for commercial purposes. The company provides various products under categories such as lighting and smart home out of which smart home is the market focused category.

For instance,

In March 2020, SAVANT TECHNOLOGIES LLC (a subsidiary of GENERAL ELECTRIC COMPANY) received the 2020 ENERGY STAR Partner of the Year Sustained Excellence Award by the U.S. Department of Energy and the U.S. Environmental Protection Agency. The company was given this recognition for its continued leadership and contributions to ENERGY STAR which enhanced the business through enhancement of the brand recognition.

The company has wide global presence across the U.S. and Canada.

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