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Signal decomposition using wavelet

I'm doing a project of decomposing the total power consumption signal to identify/ recognize each individual type of appliance being used. I would like to know if wavelet analysis in Labview be able to do such task. If so, please guide for methodology.

 

My input data set (3 sec/sample) are the following:

1. The total power consumption of appliances (turning on/off randomly).

2. Power consumption of each individual appliance at the same time frame. That is, the sum of data for each appliance is equal to the total power consumption data in item 1.

 

Thanks.

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