According to Demand Response Management Systems Market 2019 Global Industry Analysis Report, the Global Demand Response Management Systems Market to expand at 7.8% CAGR by 2023. Report provides comprehensive market data on Demand Response Management Systems industry manufacturers, distributors, suppliers, consulting companies from Demand Response Management Systems market and mobility industry, investors, stakeholders, and research organizations.
Market for Demand Response Management Systems is segmented by Service (Consulting, Curtailment, Maintenance, Managed), by Solution (Commercial, Industrial, Residential), by End-use (Agriculture, Commercial Spaces, Public Buildings, Energy & Power), and Region.
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Some prominent players in the global Demand Response Management Systems market include ABB (Switzerland), Comverge, Inc. (U.S.), Siemens AG (Germany), Enel X North America, Inc. (U.S.), Eaton (Republic of Ireland), Honeywell International Inc. (U.S.), Schneider Electric (France), Opower, Inc. (U.S.), and Johnson Controls, Inc. (U.S.) are few of the prominent players of the global demand response management system market.
These players are investing in new technologies to enhance their product lines. This, in turn, is presumed to accelerate competitiveness among the players over the next couple of years. In addition, the increasing investments in research & development is assumed to act as a growth catalyst in the competitive landscape of the demand response management system market in the years to come. Regional expansion is being focused on which is projected to play a key role in the development of robust competition in the market in the coming years. Some of the growth strategies expected to be observed in the demand response management system (DRMS) market are strategic alliances, agreements, mergers & acquisitions, collaborations, etc.
Report provides Demand Response Management Systems Market size of various segments and subsegments on regional and country level from 2019 to 2023. Latest emerging trends in Demand Response Management Systems industry and Global market growth rate in terms of CAGR is studied in this report. New market strategy adopted by key players are also explained in this report.
Global Demand Response Management Systems Market Overview
Increasing Investments in Promotion of Energy Efficiency and Smart Grid Infrastructure to Boost Growth of Demand Response Management System Market. Demand Response Management Systems (DRMS) are software applications that are used to track and manage operations. It is primarily used by utilities and energy suppliers. In the findings offered by Market Research Future (MRFR), the global demand response management system market is presumed to expand at 7.8% CAGR during the forecast period 2018 to 2023. The revenue earnings are estimated to reach USD 45.6 Bn mark by 2023 up from USD 21.8 Bn in 2017.
The increase in investments by governments in technologies to promote energy efficiency is anticipated to drive the augmentation of the demand response management system market in the upcoming years. Also, the rising popularity of smart grids is prognosticated to lead the augmentation of the demand for demand response and management systems in the forthcoming years. However, the requirement for high initial investment can pose challenge to players of the demand response management system market.
Market Segmentation
Based on service, the demand response management system market has been segmented into consulting, curtailment, maintenance, and managed. Among these, the consulting segment is projected to lead the expansion of the market in the forthcoming years. The report further suggests that the segment is poised to register the highest CAGR across the evaluation period.
Based on solution, the global demand response management system market has been segmented into industrial, commercial, and residential. The commercial segment is anticipated to continue leading the market through the assessment period.
Based on end-use, the demand response management system has been segmented into agriculture, public buildings, commercial spaces, energy and power. Among these, the public buildings segment is projected to dominate the market in the years to come. The expansion of the segment is driven by the affordability of DRMS for government agencies. Also, the rising government initiatives to promote energy-efficiency is poised to expand the segment at a rapid pace in the upcoming years.
Regional Analysis
The global demand response management system market, on the basis of region, has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). These regional segments are then narrowed down to a country-bases level for providing an impactful intelligence. North America is expected to dominate the growth pattern of the market in the coming years. Investments in smart grid infrastructure are likely to witness a rise which is poised to drive expansion of the demand response management system market in the forthcoming years. The U.S. is anticipated to contribute majorly to the development of the regional market. Asia Pacific is also presumed to contribute significantly to the expansion of the market in the forthcoming years.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Macro Factor Indicators Analysis
2.5.1 GDP (USD Million)
2.5.2 GNI Per Capita, Atlas Method (USD)
2.5.3 GDP Per Capita PPP (USD)
3 Market Insights
4 Research Methodology
4.1 Research Solution Type
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List Of Assumptions
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Use Of Smart-Grids
5.2.2 Change In Energy Pricing
5.2.3 Drivers Impact Analysis
5.3 Restraints
5.3.1 High Initial Investment
5.3.2 Restraints Impact Analysis
5.4 Opportunities
5.4.1 Growing Demand From Residential Sector
5.5 Value Chain Analysis
5.5 Porter’s Five Forces Model
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Suppliers
5.5.3 Bargaining Power Of Buyers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
6 Global Demand Response Management System Market, By Service
6.1 Overview
6.1.1 Consulting
6.1.1.1 Market Estimates & Forecast, 2018-2023
6.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023
6.1.2 Curtailment
6.1.2.1 Market Estimates & Forecast, 2018-2023
6.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023
6.1.3 Maintenance
6.1.3.1 Market Estimates & Forecast, 2018-2023
6.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023
6.1.4 Managed
6.1.4.1 Market Estimates & Forecast, 2018-2023
6.1.4.2 Market Estimates & Forecast, By Region/Country, 2018-2023
7 Global Demand Response Management System Market, By Solution
7.1 Overview
7.1.1 Commercial
7.1.1.1 Market Estimates & Forecast, 2018-2023
7.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023
7.1.2 Industrial
7.1.2.1 Market Estimates & Forecast, 2018-2023
7.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023
7.1.3 Residential
7.1.3.1 Market Estimates & Forecast, 2018-2023
7.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023
8 Global Demand Response Management System Market, By End-User
8.1 Overview
8.1.1 Agriculture
8.1.1.1 Market Estimates & Forecast, 2018-2023
8.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023
8.1.2 Commercial Spaces
8.1.2.1 Market Estimates & Forecast, 2018-2023
8.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023
8.1.3 Public Buildings
8.1.3.1 Market Estimates & Forecast, 2018-2023
8.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023
8.1.4 Energy And Power
8.1.4.1 Market Estimates & Forecast, 2018-2023
8.1.4.2 Market Estimates & Forecast, By Region/Country, 2018-2023
9 Global Demand Response Management System Market, By Region
Continued…
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