Boston, MA -- (SBWIRE) -- 04/09/2014 -- Demand Response Management System (DRMS) Market [C&I, Residential, Automated DR, Curtailment Services, System Integration and Consulting, Managed Services, Devices] - Worldwide Market Forecasts and Analysis (2014-2019)
Demand Response Management System (DRMS) is a proven software technology platform that enables market operators and utilities to manage and implement the Demand Response (DR) program through a single integrated management system. It helps in reducing the imbalance between energy supply and demand. Price-based and incentive-based are two types of demand response programs.
DRMS solutions available in the market are segmented as Commercial and Industrial (C&I) DRMS, residential DRMS, and Automated Demand Response (ADR). In 2014, C&I DRMS accounts for the highest market share and is expected to hold the largest share throughout the forecast period.
MarketsandMarkets expects that the manufacturing vertical will account for the largest market share throughout the forecast period. The agriculture vertical is also anticipated to see significant growth opportunity during the forecast period.
DRMS services comprise curtailment services, system integration and consulting services, and managed services. The curtailment services account for the highest market share throughout the forecast period. Managed service market is expected to see high growth opportunity during the forecast period.
Lack of mandates and budgetary constraints for utilities are seen as the biggest challenge in the DR market.
There are various assumptions that we have taken into consideration for market size and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the market into solutions, devices, and services, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across the different verticals and regions.
2. This report will help them better understand the competition and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, portfolio comparison, mergers and acquisition and venture capital funding. Besides, there are company profiles of 10 top players in this market.
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