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Demand response market analyst says the latest trend gaining momentum in the market is Emerging concept of Internet of Things (IoT). Internet of Things (IoT) is moving toward being the future technology for utility companies and electricity aggregators to distribute power between grids and consumers. At present, IoT has found its pathway into grid automation to revolutionize the modernized communication.Complete report on Demand Response market spread across 92 pages, analyzing 7 major companies and with table of content are now available at http://www.reportsnreports.com/reports/1127632-global-demand-response-dr-market-2017-2021.html .
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According to the demand response market report, one of the major drivers for this market is Increasing gap between electricity supply and demand. The growing urbanization and population are increasing the need for electricity worldwide. This is creating a huge mismatch between electricity supply and demand for the last two decades. Similarly, a variation in load demand to a greater extent throughout the year has become a major difficulty that further complicates the situation. Thus, utility and generation companies must constantly match supply and demand throughout the year to maintain reliability on the power system.
The following companies as the key players in the global demand response (DR) market: ABB, CPower, EnerNOC, Honeywell International, Itron (Comverge), Schneider Electric, and Siemens. Other Prominent Vendors in the market are: ALSTOM, Cisco, Eaton, Landis+Gyr, Oracle, and Toshiba.
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Global Demand Response (DR) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global demand response (DR) market for 2017-2021. To calculate the market size, the report considers the new installations sales, revenue, aftermarket, and services market.
Further, the report states that one of the major factors hindering the growth of this market is growing threat of hacking. Strict authentication is essential while maintaining DR for electricity consumers through software. The rising number of users in DR poses a threat to these automation systems by making the data vulnerable to unauthorized access. Likewise, wireless devices, such as smart thermostats and smart meters are highly prone to getting hacked. Thus, information related to processes, people, and critical data become insecure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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