# Schneider Electric adds smart tech to home panels to boost energy efficiency, eyes India growth as smart home market nears 311.22 billion dollars by 2031.

*business · news · 2026-04-08 · CNBC TV18*

## Key points

- Schneider Electric is integrating smart technology into home electrical panels for automated energy data extraction.
- The company is developing connectable technologies to enhance intelligence in energy systems using extracted data.
- Schneider Electric sees India as a key growth market due to its focus on electrification and smart homes.
- The global smart home market is projected to nearly double from $164.13 billion in 2026 to $311.22 billion by 2031.
- The company is preparing for a shift from AC-dominated systems to hybrid AC and DC energy usage.

**Companies:** Schneider Electric
**Countries:** India

[Read the full story on CNBC TV18](https://www.cnbctv18.com/energy/schneider-electric-smart-electrical-panels-ai-in-homes-to-optimise-energy-utilisation-ws-l-19882886.htm)

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