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Global Home Energy Management Market By Product Type, By Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

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New York, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Home Energy Management Market By Product Type, By Technology, By Offering, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06222248/?utm_source=GNW
Thus, consumers will be able to optimize their renewable energy use. The HEMS and environmental sensors will provide data to the servers. The cost of energy can then be regulated by combining renewable and fossil fuel energy sources. Different servers and types of EMS will be networked as the use of smart grid grows. Power system operations will be further optimized as they are able to work together. This kind of interconnection is known as a smart network.

Factors such as rapidly pervasive urbanization in developing countries, increased supply of connected devices through IoT, and increasing demand for power conservation solutions can expedite the growth of global home energy management devices in the forecasting period.

COVID-19 Impact

The global home energy management system market went under a significant loss during the COVID-19 pandemic. Due to the government guidelines of closing of all the industries across the world to prevent COVID spread, production of all home energy management systems was stagnated. Along with this, the disruption in the supply-chain activities of electronic products and other required materials become another major reason for the halted production of home energy management systems. Moreover, there are various factors that indirectly impacted the home energy management system market such as reduced capital budgets and postponed projects. However, economies across the globe are slowly recovering from the COVID-19 impact and may witness a rise in the demand for home energy management devices again. But, the fact that the pandemic slammed the home energy devices market across the world cannot be reversed.

Market Growth Factors

Ever-increasing power consumption in the residential sector

The power consumption in the residential sector which includes power used for lighting, heating, cooling, water heating, and consumer products, is constantly increasing. In addition, the power consumption of the residential sector is at its peak especially in developed countries. With the emergence of new consumer convenience technologies that require a huge amount of power, the need for an energy-efficient and cost-effective solution is also rising.

Energy conservation initiatives

The continuously increasing initiatives being conducted by the government and Non-government organizations in numerous countries with the purpose to conserve power and restricting the wastage of energy are crucial factors in spreading awareness for saving and better managing energy. Due to the rising awareness of energy conservation, people around the world are more attentive toward leveraging the methods to save energy.

Market Restraining Factors

Interoperability of home energy management systems

The issue of interoperability gets more serious due to the need of establishing a connection between traditional building equipment such as electric meters, roof-top chillers, and lighting control panels with advanced over the top instruments like sensors and switches in the electric power system to drive up the synchrony of energy flow and concurrent information and analysis flow. Setting up interoperability between smart homes and today’s EMS is a challenging task. Moreover, the interoperability of traditional home systems and advanced home energy management systems hampers the smooth functioning of different devices.

Product Type Outlook

Based on Product Type, the market is segmented into Lighting Controls, Programmable Communicating Thermostats, Advanced Central Controllers, Intelligent HVAC Controllers, and Self-Monitoring Systems and Services. The programmable communicating thermostats are easy-to-interact devices that can be operated wirelessly through the connected device. The programmable communicating thermostats connect with the utility through a meter over a wide-area network.

Technology Outlook

Based on Technology, the market is segmented into Ethernet, Z-Wave, ZigBee, Wi-Fi, and Other technologies. ZigBee is a wireless, cost-effective, and low-power mesh networking standard which is highly used to monitor the consumption of the energy in the premises. The cost-saving feature of this technology allows the user to use technology in wireless monitoring and control application without disruptions.

Offerings Outlook

Based on Offering, the market is segmented into Software, Services, and Hardware. The software segment of the system is the major component that enables the user to monitor and control the home energy consumption and devices. It can be operated through apps and dedicated web portals. The key offerings of this segment are managing, monitoring, backup, and solar power.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC would exhibit a significant growth rate in the market throughout the forecast period. The ongoing technological developments in the region can be responsible for the rise in the demand of the home energy management solutions.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, Inc. the major forerunners in the Home Energy Management Market. Companies such as Schneider electric S.E., Generac Holdings, Inc., Alarm.com Holdings, Inc. are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, General Electric (GE) Co., Intel Corporation, Honeywell International, Inc., Panasonic Corporation, Google LLC, Comcast Corporation, Vivint Smart Home, Inc., Alarm.com Holdings, Inc., and Generac Holdings, Inc.

Recent Strategies Deployed in Home Energy Management Market

Partnerships, Collaborations, and Agreements:

Jul-2021: Vivint partnered with Freedom Forever, a residential solar installation company, following this partnership, the companies would launch a portfolio of integrated Smart Energy. Through this partnership, the customers of Freedom Forever would have a Vivint smart home system perfectly installed as the first step in the solar installation process, and they have an opportunity of adding clean energy production. In addition, the company would also focus on enhancing its relations with homeowners by integrating solar in its portfolio.

May-2021: Ecobee, a subsidiary of Generac Holdings came into a partnership with Alarm.com, a developer of Security and Smart Home Solutions. The partnership aimed to allow Alarm.com’s customers to integrate Ecobee thermostats into the smart home and security solutions of Alarm.com. In addition, the integration would allow the customers to control Ecobee thermostats through Alarm.com’s platform. The new solution would be focused on reducing costs, and helping develop a sustainable world.

Mar-2021: Schneider Electric partnered with Workbench Energy, an artificial intelligence, machine learning, software, and consulting services provider. Through this partnership, the companies aimed to bring Energy Management Solutions to large-scale electrical users in Ontario. Together, the companies give abilities to the customers to manage and monitor the energy consumption during the peak time and significantly decrease their exposure to Ontario’s Global Adjustment (GA). In addition, this partnership would allow gathering data from connected devices and assists customers in making well-informed decisions regarding their energy patterns and behaviors.

Mar-2021: Ecobee, a subsidiary of Generac Holding partnered with Parity, a developer of core blockchain infrastructure. Under this partnership, the companies would combine Ecobee’s smart thermostats into Parity’s software allowing it to connect with the HVAC system of the building to increase energy efficiency. Moreover, the integration would enable the solution to monitor and optimize the operating system of the building to conserve energy as well as save cost.

Oct-2020: Schneider formed a technological and commercial partnership with SolarEdge, a provider of power optimizer, solar inverter, and monitoring systems for photovoltaic arrays, based in Israel. Through the partnership, the company aimed to expedite the residential solar market with a smart Home energy solution to offer impeccable energy management to homeowners in North America. In addition, the companies would fulfill the demands of their customers along with focusing on the sustainable and all-electric new energy world.

Jun-2020: Panasonic came into a partnership with Span, a developer of a residential energy storage device base in the US. Through this partnership, the companies aimed to introduce a combined energy storage and management portfolio for homeowners to experience enhanced control of their battery backup power with instinctive energy management for the entire home. Under this partnership, the companies would fulfill the demand of their customers for better energy management solutions by providing this integrated solution to both the homeowners as well as the installers. In addition, the smart panel would be available as a complementary to the existing solar system or in a combination for new solar installation.

Acquisitions and Mergers:

Dec-2021: Generac completed the acquisition of ecobee, a leading vendor of sustainable smart home solutions. Through this acquisition, Generac would expand its portfolio of intelligent home energy ecosystems by leveraging the energy management products of ecobee. Through this, the company aimed to assist homeowners to reduce the expenses of their energy consumption and help grid operators to balance demand and supply more affordably.

Sep-2021: Generac took over Tank Utility, a company that streamlines energy delivery for those that rely on truck-delivered propane or oil. Through this acquisition, the companies aimed to integrate Tank Utility’s monitoring and analytics expertise into Generac’s propane-powered backup generators, home energy management, and battery storage portfolio intending to facilitate vendors enhancing their performance as total home energy advisors for homeowners and to keep up with customer’s evolving requirements for off-grid and backup capabilities.

Product Launches and Product Expansions:

Sep-2021: Generac rolled out PWRmanager, a device that enables the customer to utilize their phone or tablet to easily operate circuits in their home. The new product aimed to allow customers to seamlessly experience extended battery runtime over long powercuts by de-energizing non-essential circuits.

Mar-2021: Alarm.com launched the Alarm.com Connected Car system, a plug-in that connects cars with smart homes. Through this, the company would offer customers, a seamless experience of monitoring the status and real-time location of their car through their home automation system. In addition, customers would also be able to operate a few smart home functions through the connected car.

Jan-2021: Schneider Electric launched enhancements in its Wiser smart home ecosystem at CES 2021 that focuses beyond smart to resilient and sustainable homes. Through the addition of sustainable energy products in its existing product offerings, the company aimed to enhance its proficiency, resilience, and sustainability. Moreover, the new enhancements would offer better safety and control while delivering sustainable energy management choices to homeowners.

Mar-2020: Generac unveiled PWRview ATS, the first-ever automatic transfer switch with Home Energy Monitoring Capabilities. The new PWRview ATS provides any home which is integrated with a home standby generator to instantly access robust and cost-effective insights regarding the energy consumption of a home. Moreover, it is an effective solution for energy conservation.

Feb-2020: Honeywell rolled out Honeywell Forge Energy Optimization, a cloud-based, closed-loop, machine learning solution. This new autoThe launch aimed to offer its first autonomous building sustainability solution that monitors and controls power usage of a building intending to regulate energy conservation across the globe. Moreover, the new product would focus on optimizing energy consumption along with meeting the customer’s requirements.

Jan-2020: Schneider rolled out Square D Connected Home Suite in North America. The new product line includes devices and applications to consolidate connected homes, appliances, and energy management into an instinctive digital experience for homeowners. Moreover, the company also showcased a new range of dimmers, switches, plugs, receptacles, and sensors which would be launched in markets across the US, Mexico, and Canada in 2020. The company aimed to fulfill the demands of its customers for digital tools to enhance their daily experiences.

Scope of the Study

Market Segments covered in the Report:

By Product Type

• Lighting Controls

• Programmable Communicating Thermostats

• Advanced Central Controllers

• Intelligent HVAC Controllers

• Self-Monitoring Systems and Services

By Technology

• Ethernet

• Z-Wave

• ZigBee

• Wi-Fi

• Other technologies

By Offering

• Software

• Services

• Hardware

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Schneider Electric SE

• General Electric (GE) Co.

• Intel Corporation

• Honeywell International, Inc.

• Panasonic Corporation

• Google LLC

• Comcast Corporation

• Vivint Smart Home, Inc.

• Alarm.com Holdings, Inc.

• Generac Holdings, Inc.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06222248/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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