Title: North America Demand Response Management System worth $12,522.4 Million by 2019
1Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts
- North America Demand Response Management System
Worth 12,522.4 Million by 2019
2Demand Response Management Systems is a crucial
peak load management tool with considerable
benefits in reducing the imbalance between energy
supply and demand. With the help of DRMS, smart
grid appliances have been rolled out (due to
increasing pressure on the grid) and replaced by
Advanced Metering Infrastructure (AMI). This
helps in controlling residential appliances and
thermostats for load reduction. DRMS is
steadily growing in the North American region,
and with government mandates and benefits for
energy efficiency and conservation in the U.S.
and Canada, the DRMS market is set to grow. The
services market is expected to be one of the
highest revenue generators for the projected
years in the North American region.
3Although CI end-users have been involved in DR
programs in North America, electric utilities are
taking up residential DR programs to engage
domestic customers. In the U.S., the government
is issuing rules that economic DR needs to be
paid the full wholesale price (when its above
the net benefits threshold), whereas before it
was paid the difference between the wholesale
price and the retail price for generation and
transmission. The North American Demand
Response Management System market is estimated to
grow from 3,277.2 million in 2013 to 12,522.4
million by 2019, at an expected CAGR of 25.1 for
the period between 2014 and 2019. The compound
annual growth rate indicates that the North
American Demand Response Management System market
is one of the fastest-growing markets.
4 Browse through the market data tables, figures
and detailed ToC on the North America Demand
Response Management System Market. http//www.mi
cromarketmonitor.com/market/north-america-demand-r
esponse-management-system-4304029893.html
5Europe Demand Response Management System Market
- The European power market is a corporation of
regional markets, most of which are physically
inter-connected. The European Parliament and
Council Directives laid down the general
conditions required to create a single Internal
Electricity Market (IEM) in Europe, but avoided
specifying a single market model. EU Member
States have the freedom to design their markets
and regulatory frameworks to suit national
conditions. Governments have announced climate
change control objectives which will enhance
energy efficiency, renewable energy sources, and
co-generation of heat and power.
6 - The European Demand Response Management System
market is estimated to grow from 1,003.6 million
in 2013 to 6,282.2 million by 2019, at an
expected CAGR of 36.3 for the period between
2014 and 2019. The compound annual growth rate
indicates that the Europe Demand Response
Management System (DRMS) Market is one of the
growing markets. - http//www.micromarketmonitor.com/market/europe-de
mand-response-management-system-7768963972.html
7Asia-Pacific Demand Response Management System
Market
- The APAC region is expected to see significant
growth in the DR market. Many countries in the
APAC region have strong reasons to enforce DR
programs, owing to high energy consumption and
developments in the manufacturing sector, and
also affordability of existing technologies which
improves monitoring and controlling of deployed
transmission networks. Countries such as India,
Japan, South Korea, Australia, Singapore, China,
Malaysia, and New Zealand have already started
implementing DR programs. But, due to traditional
infrastructure connectivity is poor between the
assets and new technology. This leads to problem
such as inconsistent performance, inconsistent
customer service, and reliability.
8 - The APAC Demand Response Management System market
is estimated to grow from 575.5 million in 2013
to 3,219.9 million by 2019, at an expected CAGR
of 33.7 for the period between 2014 and 2019.
The compound annual growth rate indicates that
the APAC Demand Response Management System market
is one of the growing markets. - http//www.micromarketmonitor.com/market/asia-paci
fic-demand-response-management-system-4985548178.h
tml
9Middle East and Africa Demand Response Management
System Market
- The MEA region has seen significant
industrialization in the past few years. Yet the
methodology of efficiency in energy production
and consumption patterns in the region requires
improvement. Energy Strategy 2030, introduced by
Dubai, aims to reduce energy demand and carbon
dioxide emissions by 30 by the year 2030. South
African national power utility Eskom Holdings
recently engaged with a DR provider to implement
its first open market DR program.
10 - The MEA Demand Response Management System market
is estimated to grow from 200.2 million in 2013
to 1,396.9 million by 2019, at an expected CAGR
of 38.3 for the period between 2014 and 2019.
The compound annual growth rate indicates that
the MEA Demand Response Management System market
is one of the growing markets. - http//www.micromarketmonitor.com/market/middle-ea
st-and-africa-demand-response-management-system-19
84706152.html
11MicroMarketMonitor provides deep dive insight
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SWOT analysis. The report also provides Customer
landscape identifying the top customers for the
target market. It plots market landscape of the
technologies, ingredients, vendors servicing the
target market including the cannibalization of
the prevailing technologies/products.
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