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Smart Demand Response Industry Share and Size, Market Analysis, Trends and Growth, End-use And Segment Forecasts To 2022
The global smart demand response market size is expected to reach USD 24.71 billion by 2022, according to a new study by Grand View Research, Inc. Increasing grid deployment is expected to favorably impact market growth. Demand response plays an important role in electric grid operation by reducing electricity usage during peak hours. Browse Detail Report With TOC @ http://www.hexareports.com/report/smart-demand-response-market/details Introduction of grid technologies is expected to open avenues for the traditional energy infrastructure vendors. Smart grids when coupled with metering systems; provide information on real time consumption to the customers as well as suppliers. Spread of ubiquitous wireless networks as well as internet access, along with the growing level of intelligence built into HVAC systems, industrial controls, lighting networks and varied other big building loads is expected to drive the automated DR market.
Hexa Reports Market Research Reports and Insightful Company Profiles Further key findings from the study suggest: Residential segment is poised to grow at a CAGR higher than the global average, which is a direct consequence of financial incentives and rebates offered by utilities to domestic customers to persuade them in the participation of several direct load control programs. The participation of smart buildings in DR programs to protect electrical grids for the duration of peak energy demand is expected to reduce loads during high-cost periods, thereby reducing bills. Industrial applications contributed to over 50% of the revenue in 2014; this large share can be attributed to DR programs offered by several utilities for maximizing power utilization through adoption of high efficiency variable speed drives and motors. Industrial customers are also encouraged to participate in such programs on account of lucrative financial incentives offered to them. Asia Pacific contributed to over 15% of the market revenue in 2014. DR programs are expected to increase significantly in the countries of Asia Pacific. Power utilities offer initiatives to reduce peak load demand on power grids. Components of the initiative include expansion of transformation to thin-tube (T8) lamps, Time-of-Use (TOU) metering programs, high efficiency refrigerators, and promotion of compact fluorescent lamps (CFLs) which are expected to boost the DR market growth. Request A Sample copy of This Report @ http://www.hexareports.com/sample/98293 The market is highly fragmented, with no particular company occupying a majority of the revenue share. The industry is characterized by companies having a strong hold over a particular region with little or no influence globally. However, through mergers & acquisitions, key participants have started expanding globally. Upcoming smart grid projects in countries such as Australia, India, China, and Japan have attracted prominent players in these regions. Table Of Content Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Smart Demand Response - Industry Summary and Critical Success Factors (CSFs) Chapter 3. Smart Demand Response Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Smart demand response-Value chain analysis
Hexa Reports Market Research Reports and Insightful Company Profiles 3.4. Smart demand response market dynamics 3.5. Key opportunities prioritized 3.6. Industry analysis - porter's 3.7. Smart demand response market-PESTEL Analysis, 2014 3.8. Smart demand response-Company market share analysis, 2014 Chapter 4. Smart Demand Response Application Outlook 4.1. Residential 4.2. Commercial 4.3. Industrial Browse All Electronics Market Research Related Reports @ http://www.hexareports.com/category/electronics-market Chapter 5. Smart Demand Response Regional Outlook 5.1. North America 5.2. Europe 5.3. Asia Pacific 5.4. Latin America 5.5. MEA Chapter 6. Competitive Landscape 6.1. ABB 6.2. Comverge 6.3. Eaton Corporation plc. 6.4. EnerNOC 6.5. General Electric 6.6. Honeywell 6.7. Johnson Controls 6.8. Opower 6.9. Siemens 6.10. Schneider Electric Browse Full Report @ http://www.hexareports.com/report/smart-demand-response-market/details About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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