Real-time data for optimizing energy consumption in homes
Optimizing energy consumption in homes is challenging due to the lack of real-time data. A startup could provide smart energy monitoring systems that collect real-time data on energy usage and offer personalized recommendations for efficiency. This would help individuals reduce their energy bills and contribute to overall sustainability efforts. Market size: The global smart home energy management market size is projected to reach $7.2 billion by 2025 according to a report by MarketsandMarkets.