business / news / / CNBC TV18
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.
Schneider Electric is integrating smart technology into home electrical panels for automated energy data extraction.
KEY POINTS
- 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
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