The
global smart demand response market, which in 2013 was valued at
US$5041.4 million, is anticipated to reach a market value of
US$51,478.9 million by 2025. The report titled “Smart Demand
Response Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2014 - 2025” is available for sale on the
website.
Browse
Smart Demand Response Market Report with Full TOC at
http://www.transparencymarketresearch.com/smart-demand-response.html
The
TMR report states that factors such as surging demand for power and
the global launch of smart grid technologies drive the global smart
demand response market. It is anticipated that increasing demand for
power along with capacity constraints will be a key factor that will
also drive this market in the forthcoming years. When users alter
their usage pattern of electricity in response to signals that are
received from grid operators and utilities, it is known as demand
response. Such responses are because of factors such as new tariff
schemes, incentive pricing, and greater sense of responsibility. The
main aim of designing demand response programs is to either curtail
or shift the load for a certain time period.
According
to this market research report, the global smart demand response
market is segmented on the basis of end users and geography. On the
basis of end users, the global smart demand response market is
classified into industrial, commercial, and residential. The
industrial end-user segment holds the highest share in the overall
market and is expected to lead this market during the forecast period
as well. However, it is the residential end-user segment that will be
expanding the fastest.
Request
for sample report
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2057
The
two types of demand response programs used are incentive-based demand
response and price-based demand response. The former is contractually
mandatory and the latter is voluntary. Three main types of
price-based demand response are time-of-use rates, real-time pricing,
and critical-peak pricing. Load-serving entities, grid operators, and
utilities help in establishing demand response programs that are
incentive-based. Under this, people get paid for decreasing their
power usage as per the requests of the market players.
Browse
Press Release Of Smart Demand Response Market
http://www.transparencymarketresearch.com/pressrelease/smart-demand-response-market.htm
Geographically,
the research report segments the global smart demand response market
into Europe, Asia Pacific, North America, and Rest of the World. With
a market share exceeding 80%, North America led the overall smart
demand response market in 2013. The fact that demand response helps
in mitigating high wholesale prices and also reduces the total grid
costs, is the main factor that propels the North America smart demand
response market. Widespread adoption of demand response will drive
the Asia Pacific smart demand response market during the forecast
period. High technology costs and limited awareness amongst the
masses about demand response programs are likely to hinder the growth
of the global smart demand response market in the years to come.
Some
of the prominent companies in the smart demand response market
include Siemens AG, Schneider Electric, Opower Inc., Itron Inc.,
Johnson Controls Inc., and Comverge Inc.
Browse
all Technology & Media Market Research Reports @
http://www.transparencymarketresearch.com/technology-market-reports-8.html
About
Us
Transparency
Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. We are
privileged with highly experienced team of Analysts, Researchers, and
Consultants, who use proprietary data sources and various tools and
techniques to gather, and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.Atil
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment