London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Demand Response Market in the US 2014-2018, which is expected to grow at a CAGR of 8.4 percent during the forecast period of 2013-2018.
DR refers to programs used to reduce energy consumption and acts as a link between retail customers and distributors of electricity. It encourages customers to use less electricity during peak periods or shift energy usage to off-peak periods to reduce electricity bills. The advantage of DR is that it improves the resource efficiency of electricity production because it acts as the direct link between the consumers and the operators.
“The advantage of using Energy Intelligence Software is that it provides usage patterns of customers such as details of how, when, and where electricity is used,” says Faisal Ghaus, Vice President of TechNavio.
“The advantage of using EIS is that it provides usage patterns of customers such as details of how, when, and where electricity is used.”
Key Market Drivers
- Increased Cost of Electricity
- Organized Electricity Market Structure
- Increased Need for Grid Modernization Technologies
Key Market Trends
- Growing Demand for EIS
- Growing Installation of Smart Meters
- Growing Environmental Concerns
- Increase in Adoption of ADR
Key Market Vendors
- ABB
- Honeywell International Inc.
- Johnson Controls
- Schneider Electric
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
