Europe Home Energy Management System Market Share

Market Share of Europe Home Energy Management System Industry

The European Home Energy Management Systems market is considerably fragmented. The market has various small and large players. Some of the significant players in the market are ABB Group, Schneider Electric, Eaton, ABB, General Electric, Honeywell International, and many more. The companies are increasing their market share by forming multiple partnerships and investing in introducing new solutions to earn a competitive edge during the forecast period.

• August 2022 - Enphase Energy, Inc. has announced the acquisition of GreenCom Networks AG. GreenCom Networks offers Internet of Things (IoT) software solutions that enable customers to connect and manage a variety of distributed energy devices in their homes. The company's technology enables the convergence of sectors such as mobility, heating, and renewable energy, also known as sector convergence or sector coupling, to aid in the achievement of full home electrification.
• April 2022 - ABB and Samsung formed a strategic alliance to expand the integration of Samsung smart things into more homes and buildings. Samsung and ABB's integrated home energy management systems run high-impact energy applications like HVAC using more efficient usage models. Energy and power meters provide users with up-to-date information on energy costs, allowing them to strategize the appliances they use to reduce overall costs.

Europe Home Energy Management System Market Leaders

1. Schneider Electric

2. Eaton Corporation

3. ABB Group

4. GE Electric

5. Honeywell International Inc.

*Disclaimer: Major Players sorted in no particular order