TMCnet News

MarketsandMarkets: Demand Response Management System (DRMS) Market Projected to $24.64 Billion by 2019
[October 31, 2014]

MarketsandMarkets: Demand Response Management System (DRMS) Market Projected to $24.64 Billion by 2019


(M2 PressWIRE Via Acquire Media NewsEdge) MarketsandMarkets recently conducted a study on "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)" which analyzed and studied the major market drivers, challenges, and opportunities in North America (NA), Europe (EU), Middle East and Africa (MEA), Asia Pacific (APAC), and Latin America (LA).



Browse more than 75 market data tables with 49 figures spread through 155 pages and in-depth TOC on "Demand Response Management System (DRMS) Market" http://www.marketsandmarkets.com/Market-Reports/demand-response-management-system-drms-market-71829662.html Early buyers will receive 10% customization on reports.

The study reports that the DRMS market is expected to grow from $6.68 billion in 2014 to $24.64 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 29.8%. The NA region has the largest share in DRMS market. The North American region is expected to be the prime market for DRMS in terms of revenue contribution. The DRMS market in the European region has been sluggish although load control programs for C&I customers has been in place in many European countries. The reason for this sluggish growth can be attributed to the lack of a single market model, especially in the European Union. The APAC region is estimated to portray immense growth potential as countries such as India, China, Australia, New Zealand, South Korea, Japan, Singapore and Malaysia present a strong business case with robust growth in industrialization and increasing energy consumption.


For more Inquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=71829662 The report broadly sub-segments the DRMS market by solutions comprising Commercial and Industrial (C&I) DRMS, residential DRMS, and automated DRMS. It also sub-segments the market by devices, services, and verticals. DRMS market by devices includes smart appliances, networked home energy management (HEM), smart thermostats, load control switches, and smart plugs. DRMS market by services includes curtailment services, system integration and consulting services, and managed services. Vertical segmentation includes manufacturing; office and commercial buildings; power and energy; Municipal, University, School, and Hospital (MUSH) systems, and agriculture.

The report also draws the competitive landscape of the DRMS market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. Some of the major players in this market are GE, Schneider Electric, Siemens, Honeywell, and ABB. These vendors are specialized and established in providing demand response services and solutions for C&I and residential users.

Request of Sample This Report @http://www.marketsandmarkets.com/requestsample.asp?id=71829662 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Contact: Mr. Rohan North - Dominion Plaza, 17304,Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: [email protected] .

(c) 2014 M2 COMMUNICATIONS

[ Back To TMCnet.com's Homepage ]