About Demand Response Management System
Demand response management allows utilities to monitor, control, schedule, and manage their portfolios of Demand Response (DR) programs and Distributed Energy Resources (DERs). This system allows managing diverse types of DR programs and demand-side resources from notification-based, price-responsive, and dynamic tariff-based DR programs to various direct load control methods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Demand Response Management System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abb Ltd. (Switzerland), Enel X (Italy), General Electric (United States), Schneider Electric Sa (France), Siemens Ag (Germany), Eaton Corporation (Ireland), Honeywell International, Inc. (United States), Johnson Controls, Inc (Ireland), Opower, Inc. (United States) and Comverge, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Demand Response Management System market by and Region.
On the basis of geography, the market of Demand Response Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Manufacturing will boost the Demand Response Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Curtailment Services will boost the Demand Response Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Commercial DRMS will boost the Demand Response Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Automated DRMS
Market Growth Drivers:
Increased Deployment of Smart Grids across the Globe and Volatility in Energy Prices among Globe
Challenges:
Costs of Roof Top Units (Rtus) to Connect Small Scale Customers
Restraints:
Budgetary Constraints for Utilities
Opportunities:
Benefits of Cloud-Based DRMS and Untapped Residential Market
Key Target Audience
Demand Response Management System Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.