Yokogawa Electric Corporation along with Radial Software Group B.V. is all set to sell its Viewport software. This software is expected to enhance customers’ asset management capabilities by offering an innovative AI-powered solution that provides a single view of all published technical information.
Siemens AG together with EnergyHub is all set to expand its ecosystem of partners for its next-generation grid software business.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3658
Published Date: Apr 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increasing adoption of smart home energy management systems using IoT with the rising adoption of smart home automation technology are the major factors driving the growth of the market.
The market size of residential energy management is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2023-2035.
The major players in the market are Yokogawa Electric Corporation, Siemens AG, C3.ai, Inc., GridPoint, Inc., Schneider Electric, The General Electric Company, DEXMA Sensors, SL, Johnson Controls International plc, Honeywell International Inc., Energate, Inc. (Tantalus Systems Corp.)
The software segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.