Panasonic Corporation, LG Electronics and Schneider Electric are dominating the Asia-Pacific Residential Energy Management (REM) Market in 2020

Asia-Pacific Residential Energy Management (REM) Market is expected to grow with the CAGR of 35.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Asia-Pacific residential energy management (REM) market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.  

The major players dealing in Asia-Pacific residential energy management (REM) market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.  

Panasonic Corporation is the dominating player in North America residential energy management (REM) market. The other key players existing in the residential energy management (REM) market are are ABB, Aclara Technologies LLC, Cisco, COMCAST, Elster Solutions (a subsidiary of Honeywell International Inc.), e-peas, Itron Inc.,            Landis+Gyr, LG Electronics, Lutron Electronics Co., Inc., Panasonic Corporation, SAMSUNG SDI CO.,LTD. (a subsidiary of SAMSUNG ELECTRONICS CO., LTD.), Schneider Electric andSiemens  among others.

Asia-Pacific Residential Energy Management (REM) MarketPanasonic Corporation

Panasonic Corporation headquartered in Osaka, Japan. The company was founded in 1918. The company is focused in providing energy resources for the consumer electronic enhancing the B2B solutions. The company offers various business segments such as appliances, life solutions, connected solutions, automotive and industrial solutions.  The company offers wide range of product categories such as consumer and business out of which business is the market focused product category.

For instance,

  • In October 2020, Panasonic Corporation was awarded as the marketing innovation leader in B2B services and solutions from ITSMA (Information Technology Services Marketing Association. The company enhanced its brand image through the recognition of the award that is going to increase the market value for the company.               

The company has wide global presence in North America, Latin America, Europe, Middle East & Africa, Asia-Pacific, Oceania, and CIS. The company also generate revenue from its various subsidiaries such as Sanyo (Japan), JVC (Japan), PanaHome Corporation (U.S.), Panasonic U.K. Ltd. (U.K.), Panasonic System Solutions Japan Co., Ltd. (Japan) among others.

LG Electronics

LG Electronics headquartered in Seoul, South Korea. The company is focused in providing electronic products offering wide range of products such as wearable smart devices, TV & home entertainment, kitchen, laundry, computers, air conditioning and solar. The company also deals in various business segments such as home appliance & air solution (H&A), home entertainment (HE), mobile communications (MC), vehicle component solutions (VS), business solutions (BS), LG Innotek Co., Ltd. and its subsidiaries (Innotek) and other segments out of which home appliance & air solution (H&A) is our focused segment. The company offers wide range of product categories such as business, consumer and among which business is the market focused product category.

For instance,

  • In April 2020, LG Electronics launched Virtual Speaker Series for the HVAC that enhanced the building performance, control and comfort delivering more profit with income to it. The company is going to enhance the business portfolio through the launch of the product.

The company has wide global presence across the Americas, Europe, Middle East and Africa, The company also generate revenue from its various subsidiaries such as Asia-Pacific. LG Display Co., Ltd (Korea), Acryl Inc. (U.S.), Kiwigrid GmbH (Germany), Robostar Co., Ltd (Korea), and LG Fuel Cell Systems Inc. (U.S.) among others.

Schneider Electric

Schneider Electric is headquartered in Paris, France, which was founded in 1836. The company focuses on providing energy management and automation solutions in four businesses, low voltage, medium voltage, secure power and industrial automation. The company deals in various business segments such as Energy Management (Low Voltage, Medium Voltage, Secure Power), Industrial Automation among which Energy Management is market focused segment. The company has product categories which are residential and small business, building automation and control, low voltage products and systems, solar and energy storage, access to energy, medium voltage distribution and grid automation, critical power, cooling and racks, industrial automation and control out of which residential and small business is the market focused product category.

For instance,

  • In November 2020, Schneider Electric has awarded among the top 50 diversity and inclusion leader by the Financial Times for the second year in a row that promotes all types of diversity in the workplace. The company is going to enhance its brand image which will generate more income to it.

The company has wide global presence across the Asia-Pacific, Europe, Middle East & Africa, Latin America, North America, generates revenue from subsidiaries such as Invensys Systems NV/SA (Belgium), ABN Braun GmbH (Germany), Schneider Electric Industrie Italia Spa (Italy), Invensys Operations Management Espana S.L.U. (Spain), Schneider Electric Canada Inc. (Canada) among others.