DUBLIN--(BUSINESS WIRE)--The "Automated Demand Response Management Systems Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Automated Demand Response Management Systems (ADRMS) Market is expected to grow at a CAGR of approximately 26.5% during the forecast period of 2019 - 2024. The major factors driving the market include the need for efficient energy management systems, increased penetration of renewable energy which propels the need for ADRMS to manage the load, and increasing number of smart grid systems.
Moreover, with the narrowing supply-demand gap and increasing use of the sophisticated electrical appliances, the demand for the ADRMS technology is expected to growth significantly during the forecast period.
Key Market Trends
- Integrated Demand Side Management (IDSM) defined as any two or more of Energy Efficiency as a Resource (EE), Demand Response (DR), Distributed Generation (DG), and Storage (ST). The use of IDSM, closely coordinating multiple demand-side resources, can offer a more forward-thinking and smarter approach to building energy management, and help customers to maximize cost-effective savings and control and it is likely to act as an opportunity in the future.
- Asia-Pacific is the fastest growing market with China expected to be the largest market in the region owing to a large number of upcoming renewable projects to decrease the share of the coal in the power generation. Furthermore the uncertainty in the power generation through renewables propel the demand for the ADRMS in the country.
The automated demand response management systems market is consolidated. The major companies include Itron Inc., Hitachi Ltd, Mitsubishi Electric Corporation, Eaton Corporation PLC, and General Electric Company
Key Topics Covered:
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Porters Five Force Analysis
5 MARKET SEGMENTATION
5.1.1 North America
5.1.4 Middle-East and Africa
5.1.5 South America
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Itron Inc.
6.3.2 Hitachi Ltd
6.3.3 Mitsubishi Electric Corporation
6.3.4 Eaton Corporation PLC
6.3.5 General Electric Company
6.3.6 Autogrid Systems Inc.
6.3.7 Honeywell International Inc.
6.3.8 ABB Ltd
6.3.9 Schneider Electric SE
6.3.10 Siemens AG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/r17qzn
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