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Demand Response Management System Market by Types, Services, Verticals, Regions - Global Forecast to 2020

Demand Response Management System Market: Global Forecast until 2020

  • September 2015
  • 139 pages
  • ID: 3287571
In this report:
According to the Federal Energy Regulatory Commission (FERC), commercial and industrial sector has witnessed the largest demand reduction of ##%, whereas residential sector witnessed a growth of less than ##% in 2013.
APAC is expected to account for a market share of ##.##% in 2015 and is projected to have a growth rate of ##.##% during the forecast period of 2015-2020.

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The overall demand for smart grid technologies and demand response technologies is on an exponential increase due to quick globalization and industrial rise.The per capita income and energy need is growing at a brisk pace in the developed economies.

DRMS attains prime importance in such scenario, as it is a proven technology platform and a peak load management tool which helps in reducing the imbalance between energy supply and demand. The two types of demand response programs are price-based and incentives-based programs.

Most of the technologies have undertaken R&D and joint product improvement activities to launch new smart grid and demand response technologies to meet the growing overall demand of electricity.The main concern with companies these days is the absence of a single market model and lack of regulatory mandates in the european area.

This has also resulted in the slow adoption of DR technology. Nevertheless, the scenario is quick changing with the emergence of automated DR and rising roll outs of smart grids.

The deployment of advanced demand response and smart grid technologies and solutions including residential DRMS, industrial DRMS, and commercial DRMS allows the firms to minimize the demand supply imbalance of electricity significantly. Several other Elements such as energy price volatility, customer switching, and cloud-based DRMS are catalyzing the global increase of the DRMS market globally.

MarketsandMarkets extensively divides the DRMS market by solution, service, vertical and area.DRMS solutions include commercial, industrial, and residential DRMS.

Services contain curtailment services, system integration and consulting services, operated services, and support and maintenance services.Verticals consists of manufacturing; office and commercial buildings; municipal, university, school and hospital systems ; energy & power; and agriculture.

Additionally, the market research also classifies the sector according to the regions of North America, Europe (EU), Asia Pacific (APAC), Middle-East and African continent, and Latin America area.

ABB, EnerNOC, General Electric, Schneider Electric, and Siemens are some of the prominent actors providing reliable DRMS solutions and services. MarketsandMarkets forecasts the overall DRMS market to grow from ~$8.1B in 2015 to ~$31.7B by 2020, at a Compound Annual Increase rate of 31.50 percent during the forecast period. Over the upcoming 5 years, this industry is anticipated to experience high traction in the APAC and MEA regions.

There are different assumptions that we have taken into consideration for market value and forecasting exercise.Few of overall assumptions include political, economic, social, and technological factors.

For example, the exchange rate, one of the economic factors is forecasted to have a moderate rating of impact on this sector.

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