Updated Research Report of Demand Response Management System (DRMS) Market 2020-2026:
Overview
The global demand response management system (DRMS) market size is expected to reach USD 35.9 billion by 2026. The integration of Demand Response (DR) with smart grids and the rising awareness and adoption of automated DRMS by utilities and customers are believed to be the key growth drivers.
DRMS acts as a crucial arrangement for balancing energy supply with consumption requirement and stabilizing load on grids during peak hours. An automated demand response is established on AMI, which builds an integrated network between the customers participating in the DR program and the utility for exchanging signals and communicating in real time.
The introduction of cloud-based DRMS can automatically adjust the power consumption of heavy appliances at the users’ end by examining data based on the usage pattern, weather condition, room occupancy, and such other factors that are recorded on a day-to-day basis. The data collected by home network is analyzed, based on which the appliances are programmed to be turned off during hours of peak consumption. Continuous improvement in DRMS for efficient energy conservation is expected to favorably impact the adoption of DRMS in the years to come.
Market segment by Type, the product can be split into
Conventional
Automated
Market segment by Application, split into
Residential
Industrial
Commercial
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Based on regional and country-level analysis, the Demand Response Management System (DRMS) market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global Demand Response Management System (DRMS) market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
The key players covered in this study
ABB
Comverge
Eaton
Ecobee
EnergyHub
EnerNOC
General Electric
Honeywell
Johnson Controls
Nest Labs
Oracle Opower
Schneider Electric
Siemens
ThinkEco
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Major Key Points in Table of Content
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Demand Response Management System (DRMS) Breakdown Data by Type (2015-2026)
5 Demand Response Management System (DRMS) Breakdown Data by Application (2015-2026)
6 North America
7 Europe
8 China
9 Japan
10 Southeast Asia
11Key Players Profiles
12Analyst’s Viewpoints/Conclusions
Continued………
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