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North America Demand Response Management System Worth $12,522.4 Million by 2019 - New Report by MicroMarket Monitor
Date:7/12/2014

(PRWEB) July 12, 2014

Demand Response Management Systems is a crucial peak load management tool with considerable benefits in reducing the imbalance between energy supply and demand. With the help of DRMS, smart grid appliances have been rolled out (due to increasing pressure on the grid) and replaced by Advanced Metering Infrastructure (AMI). This helps in controlling residential appliances and thermostats for load reduction.

DRMS is steadily growing in the North American region, and with government mandates and benefits for energy efficiency and conservation in the U.S. and Canada, the DRMS market is set to grow. The services market is expected to be one of the highest revenue generators for the projected years in the North American region. Although C&I end-users have been involved in DR programs in North America, electric utilities are taking up residential DR programs to engage domestic customers. In the U.S., the government is issuing rules that economic DR needs to be paid the full wholesale price (when it’s above the net benefits threshold), whereas before it was paid the difference between the wholesale price and the retail price for generation and transmission.

The North American Demand Response Management System market is estimated to grow from $3,277.2 million in 2013 to $12,522.4 million by 2019, at an expected CAGR of 25.1% for the period between 2014 and 2019. The compound annual growth rate indicates that the North American Demand Response Management System market is one of the fastest-growing markets.

Browse through the market data tables, figures and detailed ToC on the “North America Demand Response Management System Market”.


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