Commercial Demand Response Management Systems Market: Introduction
Commercial demand response management systems are software technology platforms that enable utilities, energy suppliers, and retailers to implement demand response (DR) programs with the aid of an integrated system, connected to commercial sites. Commercial demand response management systems aid utilities in managing all aspects of the DR programs via a single, integrated system. Commercial demand response systems help in resolving challenges associated with creating flexible, integrated and automated demand response solutions.
Commercial demand response management systems facilitate cost-effective scaling of DR capacity by automating processes in multiple programs. Commercial demand response management systems automate event execution and notification as per program definitions. Commercial demand response management systems automatically perform verification and measurement by retrieving the billing grade meter data, then calculating billing determinants and baselines at individual sites and aggregation levels.
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Commercial Demand Response Management Systems Market: Dynamics
Commercial demand response management systems continue to play a pivotal role in the electricity generation, transmission & distribution, with dramatic transformations being witnessed in the power industry. Commercial demand response management systems market will continue to witness the benefits of requirement for efficient energy management systems in power grids to offset concerns regarding increasing stress on power grids.
Vendors in the commercial demand response management systems market are focusing on provision of multiple-deployment commercial demand response management systems for utility control center applications. Better interface with utility back-office IT systems, and extended functionality are key focus area of development for players in the commercial demand response management systems market. Leading companies in the demand response management systems market are focusing on the provision of end-to-end services, meanwhile focusing on system integration of commercial demand response management systems with utility operations.
Focus of regulatory authorities such as the US Department of Energy (DOE) toward enhancing efficiency of electricity transmission and distribution systems, has further underpinned adoption of commercial demand response management systems. Additionally, inclination preference of the commercial businesses toward power efficiency improvement, and adoption of smart meters are other key growth determinant for commercial demand response management systems market. Overall, future prospects for commercial demand response management systems market will remain bullish.
Commercial Demand Response Management Systems Market: Segmentation
Commercial demand response management systems market has been segmented on the basis of type, application, and region.
On the basis of type, commercial demand response management system has been segmented into
- Conventional
- Automated
On the basis of application, commercial demand response management systems market has been segmented into
- BFSI
- Retail
- Telecom & IT
- Food and Beverages
- Others
On the basis of region, commercial demand response management systems market has been segmented into
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
Commercial Demand Response Management Systems Market: Regional Outlook
The report states that Canada and the United States are expected to lead the commercial demand response management systems market in North America, primarily driven by proliferation in installation of smart meters. The focus on 100% electrification in the US has led the country to emphasize improvements in efficiencies of the grid network. This, coupled with various programs and incentives offered by utilities to fuel participation in adoption of the commercial demand response management systems, will continue to boost growth of the commercial demand response management systems in North America. Additionally, Central American and Caribbean regions are likely to witness unique near-term opportunities in terms of smart grid investments, which in turn will underpin growth of the commercial demand response management systems market in these regions.
Commercial Demand Response Management Systems Market: Key Market Participants
The report strategically profiles key players operating in the commercial demand response management systems market, and offers an exhaustive analysis on their development strategies and plans. A detailed assessment on the competitive landscape of the commercial demand response management systems market has been rendered in the report. Key commercial demand response management systems market players, as profiled in the report, include
- ABB
- Johnson Controls
- Schneider Electric
- General Electric
- Siemens
- Honeywell International
- Mitsubishi Electric
- Fujitsu
- EnerNOC
- Silver Spring Networks
Report Highlights:
The research report presents a comprehensive assessment of the height gauge market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint