Smart energy management for residential buildings
Most households struggle with high energy bills and lack of control over their energy usage. A startup that offers smart energy management solutions for residential buildings, allowing homeowners to track and optimize their energy consumption, could address this frustration. By leveraging Internet of Things (IoT) technology, real-time data, and machine learning algorithms, the startup can help customers save money and reduce their environmental impact. The market potential for smart energy management in residential buildings is estimated to be $12.5 billion according to a report by MarketsandMarkets.