Europe Residential Energy Management (REM) Market is expected to grow with the CAGR of 29.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Europe 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 Europe residential energy management (REM) market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
Siemens is the dominating player in the market and the other players in the market are Lutron Electronics Co., Inc., Schneider Electric, Elster Solutions (a subsidiary of Honeywell International Inc.), ABB, Aclara Technologies LLC, e-peas, E.ON UK plc, Cisco, LG Electronics, Itron Inc., SAMSUNG SDI CO.,LTD. (a subsidiary of SAMSUNG ELECTRONICS CO., LTD.), Landis+Gyr, Panasonic Corporation, and COMCAST SAVANT TECHNOLOGIES LLC among others.
Siemens
Siemens headquartered in Munich, Germany. The company was founded in 1847. The company manufactures and provides energy-efficient, resource-saving technologies in areas of electrification, automation and digitalization. The company has business segment such as Digital Industries, Smart Infrastructure, Gas and Power, Mobility, Siemens Healthineers and Siemens Gamesa Renewable Energy among which Smart Infrastructureis market focused segment. The company offers wide range of product categories such as Building Technology, Energy, Drive Technology, Financing, Healthcare, Industrial Automation, Mobility, Services, Software and Consumer Products and Industrial Automatio is the market focused product category.
For instance,
- In September 2019, Siemens introduced Simatic ET 200SP IO system which extended the Simatic Top connect portfolio. The new universal connecting cable is ideal and flexible for the Simatic Basic controllers. The company is going to deliver more profit through the launch of this product generating more income for it.
The company has wide global presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa and Australia. The company also generates its revenue from its subsidiaries such as Siemens Healthineers (Germany), Siemens Gamesa Renewable (Spain), Siemens Mobility (Germany), Mentor Graphics (U.S.), Dresser-Rand (U.S.) among others.
Landis+Gyr
Landis+Gyr is headquartered in Georgia, U.S., which was founded in 1896. The company is focused on providing energy management solutions with smart grid technologies offering smart grid. The company has solution categories which are Analytics, Consumer Engagement, Distribution Agreement and Sensors, Gridstream Connect, Load Management, Meter Data Management, Multi-Commodity AMI, Flexible Communications, Street Light Management out of which Meter Data Management is the market focused product category.
For instance,
- In October 2020, Landis+Gyr extended its partnership with Calvin Capital providing a flexible volume of SMETS2 smart meters. The partnership expanded its smart meters collection for high security, renewable energy support, and interoperability. The company enhanced its business portfolio through the launch of the smart meters.
The company has wide global presence across Americas, Europe, Middle East and Africa, Asia-Pacific, generates revenue from subsidiaries such as Ecologic Analytics, LLC (U.S.), Landis+Gyr Inc. (U.S.), Landis & Gyr UK (U.K.), Landis+Gyr GmbH (Germany), Landis+Gyr A.E. (Switzerland) among others.
ABB
ABB is headquartered in Zurich, Switzerland, which was founded in 1988. The company offers solution based out on technology to the power grid, automation and electrification sector among others. The company deals in various business segments such as Electrification Products, Motion, Power Grids and Robotics and Discrete Automation among which Electrification Products is market focused segment. The company has product categories which are Control Room Solutions, Communication Networks, Drives, High Voltage Products, Low Voltage Products and Systems, Measurement and Analytics, Mechanical Power Transmission, Medium Voltage Products, Metallurgy Products, Motor and Generators, PLC Automation, Power Converters and Inverters, Robotics, Semiconductors, Substation Automation, Protection and Control, Transformers, Control Systems, Distributed Energy Resources and Microgrids, Electric Vehicle Charging Infrastructure, Enterprise Software, FACTS, HVDC, Marine Vesselsm Network Management, Offshore Wind Connections, Operations Management Software, Power Consulting, Power Electronics, Safety, Substation Automation, Protection and Control, Sunstations and Electrification, Turbocharging, UPS and Power Conditioning out of which Low Voltage Products and Systems is the market focused product category.
For instance,
- In January 2020, ABB has launched a smart machine rotation sensor for monitoring powertrain equipment in hazardous areas. These smart sensors enable customers to see issues earlier and offer more ATEX, IECEx and NEC-certified monitoring capabilities, communication range and exceptional battery life. This has helped the business to improve its product portfolio and the market's customer base.
The company has wide global presence across the Asia-Pacific, Europe, Middle East and Africa, Americas, Oceania, generates revenue from subsidiaries such as ABB Motors and Mechanical (U.S.), Cylon Controls (Ireland), GE Industrial Systems (U.S.), ABB Stotz-Kontakt (Germany) and ABB Australia (Australia) among others.
