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Global Demand Response Market (2015-2023) – Grow Pricing, Features, Reviews & Comparison of Alternatives

Thursday, March 16, 2017 3:23
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Latest industry research report on Demand Response Management Market. Demand Response is interpreted as a voluntary PJM energy program. The program compensates retail customers for minimizing their electricity load, when instructed by PJM. This usually occurs during high power costs or when grids reliability is threatened. Demand response management helps consumers unlock their DR prospects with their current assets. Besides this retailer can now provide new solutions and enhance consumer loyalty and ensure satisfaction. In addition, the demand response program enables electricity suppliers to introduce alternative measures to source power and avoid making huge investments in the peaking plants.

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There are many drivers, restraints and opportunities shaping the growth of the market worldwide. Volatility in energy price is driving the market worldwide. Furthermore, smart grid roll -outs have also contributed to the expansion of the sector. Regions such as North America are likely to create greater opportunities in the next 6 years. Among the different industry verticals manufacturing is expected to provide greater opportunities globally.

The demand response management system industry is segmented based on solutions, verticals, services and geography.

World Demand Response Management System By Solution

  • Residential DRMS
  • Commercial DRMS
  • Industrial DRMS

World Demand Response Management System By Verticals

  • Agriculture
  • Manufacturing
  • Energy and Power

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World Demand Response Management System By End-Customers

  • Support and Maintenance
  • Curtailment Services
  • Managed Services
  • System Integration and Consulting Services

World Demand Response Management System Geography

  • North America
  • Europe
  • Asia -Pacific

Key Market Players

  • Honeywell
  • GE
  • Siemens
  • ABB
  • Johnson Controls
  • EnerNOC
  • Schneider Electric

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