Global Smart Demand
Response Market was valued at USD 5,041.4 million in 2013 and is
expected to reach 51,478.9 million by 2025, growing at a CAGR of
21.6% from 2014 to 2025. Burgeoning
power demand drives the adoption of demand response programs. The
roll-out of smart grid technologies, including smart meters and
communication systems are likely to propel growth in the global smart
demand response market. Increasing demand for power supplemented by
capacity constraints is projected to boost growth in the global smart
demand response market. Furthermore, policies that encourage demand
response programs are expected to accelerate market's growth.
Additionally, increasing installations of smart meters and other
smart grid technologies are estimated to bolster growth in the global
smart demand response market. Albeit, limited customer awareness of
demand response programs and their benefits can hinder market's
growth. Moreover, high cost of technology and equipment for
implementing demand response programs is likely to dampen the
market's growth. However, technological advancements and developments
by leading market players are likely to further accelerate the
market's growth.
Browse
the full Smart Demand Response Market Report at
http://www.transparencymarketresearch.com/smart-demand-response.html
The
market has been analyzed based on the end-users of demand response
programs that include: residential/commercial/industrial. Industrial
end user segment is estimated to dominate the global smart demand
response market over the coming years. Growth in the industrial end
user segment is driven by the demand for a cost-effective and
environmentally sensible means to meet the needs of electricity
system. The residential end user segment is anticipated to grow at
the highest rate in the future. Roll-out of smart grid technologies
including smart meters and communication system is likely to allow
utilities to control residential loads. Additionally, lucrative
financial incentives for commercial/industrial end user segment are
expected to bolster growth in these segments.
North
America is estimated to dominate the global smart demand response
capacity market in 2013, accounting more than 80% of the global
market share. Electricity markets are increasingly recognizing the
need for demand response programs to manage scheduled or emergency
downtime for power plants. Furthermore, demand response in North
America is also recognized as a mechanism to mitigate higher
wholesale prices and lower overall grid costs. Thus, the factors
mentioned above are likely to drive growth in the North America's
smart demand response capacity market. Asia Pacific's demand response
capacity is estimated to rise at the highest rates in the future.
Increased adoption of demand response in Asia Pacific is estimated to
drive growth in the regions' demand response capacity market.
The
global smart demand response market was dominated by North America
followed by Europe and Asia Pacific. Ongoing development in the
utility industry is estimated to drive growth in North America's
smart demand response market. Significant smart demand response
expenditure is estimated to accelerate growth in Europe's smart
demand response market. Asia Pacific's smart demand response market
is expected to grow at the highest rates in the future. High energy
consumption and developments in the manufacturing sector is
anticipated to drive growth in Asia Pacific's smart demand response
market.
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Key
players in the market include Honeywell International, Inc., EnerNOC,
Inc., Eaton Corporation PLC., Landis+Gyr, Itron, Inc. Schneider
Electric, General Electric, and Siemens AG among others. Other major
market players analyzed in this report includes: Johnson Controls,
Inc., ABB, Comverge, Inc., and Opower, Inc. The research study
analyzes and estimates the market size in terms of revenue (USD
Million) and demand response capacity (MW). The report covers the end
users of smart demand response program, and provides both
regional-wise and country-wise data (Asia Pacific) in terms of market
revenue. The report provides detailed analysis, historical data
(2011-2013) and statistically refined forecast (2014-2025) for
end-users, demand response capacity, and geographical segments. The
research also provides comprehensive analysis of key market players
that are dealing in the smart demand response market. The research
study has been segmented as below:
Global
Smart Demand Response Market: End User Analysis
- Residential
- Commercial
- Industrial
Global
Smart Demand Response Market: Capacity Analysis
- North America
- Europe
- Asia Pacific
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Myanmar
- Philippines
- India
- Rest of Asia Pacific (China, Japan, Australia, Singapore, South Korea, and New Zealand)
- Rest of the World (RoW)
Browse
Press Release "Smart Demand Response Market is Estimated to
Reach USD 51,478.9 million in 2025" at
http://www.transparencymarketresearch.com/pressrelease/smart-demand-response-market.htm
Global
Smart Demand Response Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Myanmar
- Philippines
- India
- Rest of Asia Pacific (China, Japan, Australia, Singapore, South Korea, and New Zealand)
- Rest of the World (RoW)
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& Media
Market Research Reports @
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