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(Wireless-NewsWire.Com, October 01, 2014 ) Dallas, TX -- Demand response is a change in the electricity usage pattern by end customers from their usual consumption, in response to change in electricity prices or change in incentive payments designed to encourage lower electricity usage during peak load issues. It is an essential way out for utilities to manage system peaks by controlling customer loads. It acts as a major link between retail customers and the distributors of electricity. The utility can better manage demand and supply, while the consumers are benefitted from incentives for load reduction and program participation. This approach has proven to be an effective power demand control solution in the US and is currently being deployed in other parts of the world.
Analysts forecast the Global Demand Response Market to grow at a CAGR of 16.6 percent during 2013-2018 .
Covered in this Report
Global Demand Response Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Demand Response market landscape and its growth prospects in the coming years. The report also includes end-user and region wise segmentation of the Demand Response market. Information about key vendors operating in this market is also provided.
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Key Regions
Americas
APAC
EMEA
Key Vendors
ABB
Honeywell International
Johnson Controls
Schneider Electric
Siemens AG
Other Prominent Vendors
Enernoc
GE
Comverge
Eaton
Market Driver
Increased Electricity Cost
For a full, detailed list, view our report
Market Challenge
Lack of Consumer Awareness
For a full, detailed list, view our report
Market Trend
Increased Renewable Installations
For a full, detailed list, view our report
For a full, detailed list, view our report Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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