Smart home energy and water solutions refer to technologies used to reduce the grid dependency of residences. It also aims to achieve cost savings and convenience through improvements to energy and water management. This includes power generation through renewable sources, energy storage at home, and usage monitoring hardware and software solutions that either optimize energy/water usage automatically or alert users of anomalies.
Improvements in affordable battery and sensor technologies have resulted in their widespread adoption. Demand for these solutions is also driven by sustainability concerns among younger generations, like millennials and Gen-Zers.
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