(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/g73m8n/demand_response) has announced the addition of the "Demand Response Management System (DRMS) Market (C&I, Residential, Automated DR, Curtailment Services, System Integration and Consulting, Managed Services, Devices) - Worldwide Market Forecasts and Analysis (2014-2019)" report to their offering.
Energy markets across the globe are evolving with major smart grid initiatives for meeting long-term goals of creating a secure energy system where generation meets demand. Mass roll outs of electric smart meters have enabled time-based electricity pricing options which are a major driver for active involvement of end consumers in Demand Response (DR) programs.
Energy intensive Commercial and Industrial (C&I) consumers have been a major contributor toward the overall demand response management system market. DR in the residential segment is largely undermined by DR providers but has significant scope of growth which is now corroborated with increasing mass deployments of smart meters and increasing shipments of energy management devices which can be also used for interfacing with DR platforms. Utilities need to come up with easier to comprehend these programs for residential users.
With the intertwined DR technologies and home energy management devices, consumers will be able to monitor and adjust their energy consumption more effectively. An increasing uptake of the DRMS software solutions, such as automated demand response, by the end of the forecast period is expected.
Demand response technology has been around for a while now, but except for the U.S., the global adoption rate of DR programs has been slow. Absence of a single market model and lack of regulatory mandates in the European region have been major factors for the slow growth of demand response market in this region. Many countries in the Asia Pacific (APAC) region have a strong business case for implementing DR resources, and the market in this region is expected to experience significant growth opportunities.
Key Topics Covered:
- Executive Summary
- Market Overview
- Demand Response Management Systems: Market Size And Forecast By Solutions - Demand Response Management Systems: Market Size And Forecast By Devices - Demand Response Management Systems: Market Size And Forecast By Services - Demand Response Management Systems: Market Size And Forecast By Verticals - Demand Response Management Systems: Market Size And Forecast By Region - Demand Response Management Systems: Market Landscape
- Company Profiles
- Comverge, Inc.