The Automated Demand Response Management Systems Market Report 2018-2023 focuses on the global Automated Demand Response Management Systems status, future forecast, growth opportunity, key market, and key players.
The Automated Demand Response Management Systems Market report studies the global market size of Automated Demand Response Management Systems in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Automated Demand Response Management Systems in these regions. This research report categorizes the global Automated Demand Response Management Systems market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
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The various contributors involved in the value chain of Automated Demand Response Management Systems include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Silver Spring Networks Inc.
- Mitsubishi Electric Corporation
- Fujitsu Ltd
- General Electric Co
- Enernoc Inc
- Honeywell International Inc.
- ABB Ltd
- Schneider Electric SE
- Siemens AG
Overview of Automated Demand Response Management Systems Market Research Report 2018-2023:-
The global automated demand response management systems (ADRMS) market value was estimated at USD 39.5 million in 2016, and it is expected to witness robust growth during 2018 – 2023 (henceforth referred to as forecast period). Globally, the rising concerns for the implementation of energy efficient management systems in stressed-out power grids, coupled with factors such as increased retirements of conventional fuel-based power plants are expected to further increase the demand for automated demand response management system during the forecast period. The adoption of technologies, such as digitalization and automation for reducing the electricity demand-supply imbalance, is expected to increase at a rapid rate during the forecast period, and it is expected to create an excellent opportunity for all companies involved in the ADRMS market.
Conventional Power Plants Retirement to Fuel the Demand
Owing to higher energy efficiency and environmental advantages offered by natural gas and renewable based power generation, there is a growing trend across the globe for shifting away from the conventional fuel such as coal and nuclear-based power generation. A rise in the retired coal power plants is observed, as compared to planned new projects, which is almost six to one in India. China is also reducing more coal power plants, as compared to its new builds, and is facing an electricity crisis, with an overall utilization of about 55% from thermal power generation. In other parts of South Asia, Europe, South America, and Africa, the retirement to completion ratio is expected to be four to one. The ratio is expected to create a load on grid stability and give rise to the demand for ADRMS, globally.
Asia-Pacific to Register Highest Market Growth
The demand for electricity has increased exponentially in Asia-Pacific owing to increased urbanization and industrialization activities. However, the transmission and distribution losses in Asia-Pacific remain the highest across the globe. Governments in Asia-Pacific countries are expected to focus extensively on improving the power infrastructure, in order to improve the efficiency and increase renewable mix in the power generation. Various pilot projects pertaining to smart grid technologies have been initiated, which is expected to offer excellent opportunities for ADRMS businesses over the forecast period. However, North America is expected to hold the largest market share during the forecast period with Europe emerging as another significant market for ADRMS business.
Quest for Energy Efficiency and Smart Pricing to fuel the demand for ADRMS in the US
With 100% electrification rate achieved decades ago, the focus of the US Department of Energy (DOE) has not been generation of electricity in recent years. Instead, power companies are emphasizing on increasing the efficiency and implementation of smart pricing mechanism through the installation of smart meters. Deployments reached approximately 70 million smart meters by the end of 2016, and are projected to reach 90 million by 2020. Customers are also accepting ADRMS. Smart pricing programs are also increasing across the United States. Currently, millions of customers (with smart meters across the United States) are enrolled in time-based pricing programs, which reward participants for voluntarily reducing energy consumption during designated peak days, when the demand for electricity is expected to be high. The demand for ADRMS business is expected to further complement from the same, during the forecast period.
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Key questions answered in the Automated Demand Response Management Systems Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market 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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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automated Demand Response Management Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Automated Demand Response Management Systems Market Research Report 2018-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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