The global smart grid home area network market is expected to grow at a significant CAGR during the forecast period. HAN is a smart grid subsystem that is largely focused on demand-side management. A smart grid home area network is a combination of signal-controlled appliances, consumer electronics, and energy management equipment. This allows connected devices to send and receive signals from home management devices such as metres, displays, and thermostats.
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Electrical energy generation, which relies on fossil fuels, is the leading source of carbon dioxide emissions, followed by transportation, and is thus a substantial contribution to climate change. Electric systems have to be efficient and effective enough to preserve and decrease power consumption to meet the rising demand for electricity while also reducing environmental impact. Smart grid technologies provide a holistic approach to addressing the aforementioned issues. Demand response capabilities, as well as the ability to connect smart grid systems, are available to balance electricity use with supply.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Smart Grid HAN Market by Segments
- By Type
o Zigbee
o Home Plug
o Wireless
o M-Bus
o Others
- By Application
o Apartments
o Villas
o Others
- By Solution
o Hardware
o Software
o Services
Global Smart Grid HAN Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
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