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

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

  PR Newswire

  DALLAS, March 19, 2014

DALLAS, March 19, 2014 /PRNewswire/ --

MarketsandMarkets recently conducted a study on"Demand Response Management
System (DRMS) Market [C&I, 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 Systems Market"

http://www.marketsandmarkets.com/Market-Reports/demand-response-management-system-drms-market-71829662.html

Early   buyers   will   receive   10%   customization   on  
this   report.

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 C&I 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.

The report broadly sub-segments the DRMS market by solutions comprising
Commercial and Industrial (C&I) 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 C&I and
residential users.

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