Demand Response Management System (DRMS) Market worth $24.64 Billion by 2019

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MarketsandMarkets Presents
Demand Response Management System (DRMS) Market
worth 24.64 Billion by 2019
http//www.marketsandmarkets.com/Market-Reports/de
mand-response-management-system-drms-market-718296
62.html
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MarketsandMarkets recently conducted a study on
Demand Response Management System (DRMS) Market
CI, Residential, Automated DR, Curtailment
Services, System Integration and Consulting,
Managed Services, Devices - Worldwide Market
Forecasts and Analysis (2014-2019) which
analyzed and studied the major market drivers,
challenges, and opportunities in North America
(NA), Europe (EU), Middle East and Africa (MEA),
Asia Pacific (APAC), and Latin America
(LA). Browse more than 75 market data tables
with 49 figures spread through 155 pages and
in-depth TOC on "Demand Response Management
System (DRMS) Market CI, Residential, Automated
DR, Curtailment Services, System Integration and
Consulting, Managed Services, Devices -
Worldwide Market Forecasts and Analysis
(2014-2019)"http//www.marketsandmarkets.com/Mark
et-Reports/demand-response-management-system-drms-
market-71829662.html Early buyers will receive
10 customization on this report.
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The study reports that the DRMS market is
expected to grow from 6.68 billion in 2014 to
24.64 billion by 2019, at an estimated Compound
Annual Growth Rate (CAGR) of 29.8. The NA region
has the largest share in DRMS market. The North
American region is expected to be the prime
market for DRMS in terms of revenue contribution.
The DRMS market in the European region has been
sluggish although load control programs for CI
customers has been in place in many European
countries. The reason for this sluggish growth
can be attributed to the lack of a single market
model, especially in the European Union. The APAC
region is estimated to portray immense growth
potential as countries such as India, China,
Australia, New Zealand, South Korea, Japan,
Singapore and Malaysia present a strong business
case with robust growth in industrialization and
increasing energy consumption.
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mand-response-management-system-drms-market-718296
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The report broadly sub-segments the DRMS market
by solutions comprising Commercial and Industrial
(CI) DRMS, residential DRMS, and automated DRMS.
It also sub-segments the market by devices,
services, and verticals. DRMS market by devices
includes smart appliances, networked home energy
management (HEM), smart thermostats, load control
switches, and smart plugs. DRMS market by
services includes curtailment services, system
integration and consulting services, and managed
services. Vertical segmentation includes
manufacturing office and commercial buildings
power and energy Municipal, University, School,
and Hospital (MUSH) systems, and
agriculture. The report also draws the
competitive landscape of the DRMS market,
providing an in-depth comparative analysis of the
technological and marketing strategies that the
key players are adopting in order to gain an edge
over their competitors. Some of the major players
in this market are GE, Schneider Electric,
Siemens, Honeywell, and ABB. These vendors are
specialized and established in providing demand
response services and solutions for CI and
residential users.
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mand-response-management-system-drms-market-718296
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