Demand Response Management System Market by Types, Services, Verticals & Regions - Global Forecasts to 2020
DUBLIN, Sept. 22, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rdwpvg/demand_response) has announced the addition of the "Demand Response Management System Market by Types (Commercial, Industrial, Residential), Services (Curtailment, System Integration, Professional), Verticals (Manufacturing, Agriculture, Commercial Buildings), Regions - Global Forecast to 2020" report to their offering.
The Demand Response Management System market is estimated to be valued at USD 8.06 Billion in 2015 and is projected to reach USD 31.69 Billion by 2020, at a CAGR of 31.5% between 2015 and 2020.
The emergence of automated DR has also been contributing towards the growth of the market. The cost benefits of Software-as-a-Service (SaaS) and cloud-based deployment of DRMS solutions provide a wholesome opportunity of growth to the market.
DR 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 the major factors for the slow growth of the DR market in this region. Many countries in the APAC region have a strong business case for implementing DR resources and the market in this region is expected to experience significant growth opportunities.
The DRMS market report has been segmented on the basis of solutions, services, verticals, and regions. DRMS on the basis of solutions include different applications of DRMS solutions such as commercial DRMS, industrial DRMS, and residential DRMS. Services include curtailment services, system integration and consulting services, managed services, and support & maintenance services. Verticals covered in the report include manufacturing; office and commercial buildings; municipal, university, school and hospital systems (MUSH); energy & power; and agriculture among others.
Companies Mentioned
- ABB Ltd
- Comverge, Inc.
- Eaton Corporation
- Enernoc Inc.
- General Electric
- Honeywell International, Inc.
- Johnson Controls, Inc
- Opower, Inc.
- Schneider Electric SA
- Siemens AG
For more information visit
http://www.researchandmarkets.com/research/rdwpvg/demand_response
Media Contact:
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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