Deerfield Beach, FL -- (SBWIRE) -- 07/21/2015 -- Demand Response Management System Market in Latin America 2015-2019

About Demand Response Management System
Demand response management system is an IT solution that helps balance power supply and demand. Load and weather conditions are forecast and loaded into the software, which then calculates and manages production, and loads profiles into the database for future use. With the help of DRMS, end-users can modify their power usage pattern based on the supply of power.

Demand response management system market in Latin America to grow at a CAGR of 36.46% over the period 2014-2019.

About the Report
According to the latest report, the demand for power is rising in the majority of countries in Latin America, especially in Brazil, Colombia, and Chile. There is a growing need to reduce electricity consumption because of the demand-supply gap.

"Smart electricity meters help households monitor and reduce their power usage, which leads to active involvement in demand response programs,".

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Covered in this Report
This report covers the present scenario and the growth prospects of the demand response management system market in Latin America for the period 2015-2019. To calculate the market size, the report considers revenue generated from demand response management solutions, software, tools, applications, services, support, and maintenance.

The report also presents the vendor landscape and a corresponding detailed analysis of the six major vendors in the market. It provides details of the major drivers, challenges, and trends in the market. It also provides segmentation based on solutions and end-users.

The new market research report also emphasizes the ever increasing demand for cloud-based solutions, as they provide benefits like scalability, cost savings, and faster time-to-market. With the expense and complexity of deploying DRMS tools on-premises being high, their adoption is limited to large companies in the utilities sector. "Customers are still concerned about the security and reliability of the cloud, which needs to be addressed by DRMS providers before the technology fully takes off,".

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Market Scope and Calculation of Market Size
The new report covers the present scenario and growth prospects of the DRMS market in Latin America from 2015-2019. To calculate the market size, the report considers revenue generated from DR management software, solutions, applications, services, support, and maintenance.

Key Vendors:
ABB Ltd.
EnerNOC Inc.
Johnson Controls Inc.
Siemens AG