DUBLIN--(BUSINESS WIRE)--The "North America Demand Response Management Systems Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
There has been a large-scale implementation of more renewable projects, such as rooftop solar panels and small wind turbines, among the residential customers of the region. Utility companies across the North American region are also expected to undertake increased demand response approach during the forecast period to fulfill critical components of their smart grid initiatives, by rolling out smart meters and automatic meter reading systems.
In 2016, coal plants in the United States accounted for just 30% of the total generation output, after remaining a dominant source of power generation, on an average from 1949 through 2005. In 2016, natural gas was the leading source of electricity generation (34% of total generation), reflecting an on-going trend that is reshaping the nation's generation mix. In 2017, utilities had planned to retire 4.5 gigawatts of coal or 2% of the United States' coal capacity, in turn, adding 11 GW of natural gas and 8.5 GW of wind-based generation plants.
With 100% electrification rate achieved decades ago, the focus of the United States' Department of Energy has not been on the generation of electricity in recent years. Instead, the power companies are emphasizing increasing the efficiency and implementation of smart pricing mechanism through the installation of smart meters. At the end of 2016, the deployment of smart meters reached approximately 70 million, with the number expected to reach 90 million by 2020. Smart pricing programs are also increasing across the United States.
Companies Mentioned
- ABB Ltd
- Siemens AG
- Honeywell International Inc.
- Schneider Electric SE
- AutoGrid Systems Inc.
- General Electric Company
- EnerNOC Inc.
- Itron Inc.
- Mitsubishi Electric Corporation
- NRG Energy Inc.
- Landis+Gyr Group AG
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
11. Disclaimer
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