The Demand Response Management Systems DRMS Market size is expected to grow at an annual average of 30% during 2021-2027. Demand Response is interpreted as a voluntary PJM energy program. This program rewards retail customers who have minimized their electrical loads as directed by PJM. This usually occurs when high power costs or the reliability of the grid is threatened. Demand response management allows consumers to acquire DR prospects with their current assets. In addition to these retailers, they can now offer new solutions, increase consumer loyalty and ensure satisfaction. Demand Response Programs also allow utilities to introduce alternative measures for power supply and avoid significant investments in peak power plants.
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The following segmentation are covered in this report:
By Verticals:
- Manufacturing
- Office & Commercial Buildings
- Municipal, University, School, & Hospital Systems (MUSH)
- Energy & Power
- Agriculture
By Services:
- Curtailment Services
- System Integration & Consulting Services
- Managed Services
- Support & Maintenance
By Solutions:
- Commercial DRMS
- Industrial DRMS
- Residential DRMS
Company Profile
- Aclara Technologies LLC
- Ameresco, Inc.
- AutoGrid Systems, Inc.
- CPower, Inc.
- Direct Energy, LP
- Eaton Corporation plc
- Enel X S.r.l.
- General Electric Company
- Honeywell International, Inc.
- Itron, Inc.
- Johnson Controls International Plc
- Landis+Gyr AG
The report covers the following objectives:
- Proliferation and maturation of trade in the global Demand Response Management Systems DRMS Market
- The market share of the global Demand Response Management Systems DRMS Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Demand Response Management Systems DRMS Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Demand Response Management Systems DRMS Market
Scope of the report
The research study analyses the Demand Response Management Systems DRMS Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Demand Response Management Systems DRMS Market Report
- What was the Demand Response Management Systems DRMS Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Demand Response Management Systems DRMS Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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