openPR Logo
Press release

North America puts Global Smart Demand Response Market on Path to Success

09-15-2016 07:08 AM CET | IT, New Media & Software

Press release from: TMR

North America puts Global Smart Demand Response Market on Path

The global smart remand response market is exhibiting a CAGR of 21.6% between 2014 and 2025. The market has numerous factors working in favor of this growth rate and could boost it to US$51.48 bn by the end of 2025. The data is provided in a research report compiled by Transparency Market Research, titled “Smart Demand Response Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025.”

The global smart demand response market is primarily driven by the positive attitude shown by most government bodies in favor of implementing these systems. The ever-increasing power consumption is expected to bolster the demand for smart demand response systems. Another factor working in favor of the global smart demand response market is the increasing adoption of smart grids around the world.

Request a Sample Brochure: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2057

The report provides a segmented analysis of the global smart demand response market using the categories of end-users, capacities, and regions.Within the various end-users, the global smart demand response market was dominated by the industrial sector in 2013, in terms of demand. This high demand is owed mostly to the high volume of electricity that the industrial sector consumes. Meanwhile, the growing adoption of smart grids is expected to improve the market share of the residential and commercial sectors over the next few years.

One of the major restraints on the global smart demand response market is the high cost of implementation and adoption of these systems. This is being overcome in developed economies through a growing level of awareness of the system’s advantages, especially in terms of assuming responsibility of one’s own power consumption. This will be difficult to apply to developing economies currently, as the high cost of the smart demand response systems cannot yet be outweighed by their utility in terms of savings.

However, increasing awareness is the major trend that can facilitate the growth of the global smart demand response market in the near future, as improvements in technology help increase the benefits of implementing these systems.

View Market Insights: http://www.transparencymarketresearch.com/smart-demand-response.html

Geographically speaking, the global smart demand response market was dominated by North America, which held nearly 80% of the market in 2013. The region led this market on account of a high rate of consumer prosperity along with the early presence of the demand for energy conservation methods in the U.S. and Canada. The report expects North America to maintain its lead throughout its forecast period.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America puts Global Smart Demand Response Market on Path to Success here

News-ID: 363458 • Views: 548

More Releases from TMR

Wall Decor Market – Top-Companies, Future-Growth, Regional Analysis business-O …
Wall Decor products have become an imperative factor and a part of the lifestyle of an individual. Among the different types of home décor products, wall décor comprises of an imperative part of the overall outlook of the interior of house. In recent times, wall décor products have become a trend among the consumers, especially among the young generation. Over the years, due to the lucrative nature of the
Wire Harness Market Key Players, Size, Trends, Opportunities and growth Analysis
Transparency Market Research delivers key insights on the global wire harness market. In terms of revenue, the global wire harness market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global wire harness market. The global wire harness market is broadly affected by several factors, including rising demand for wire
Industrial Profibus Market – Industry Analysis, Size, Share, Growth, Trend And …
Profibus is one of the new generations of fieldbus I/O bus networks. Profibus is a fieldbus used to connect field devices at the plant level and communicate data between field devices and control systems at the enterprise level. Profibus also helps to attain better yield and higher product quality through the delivery of better and up-to-date data to operations. Profibus uses a multi drop single cable to connect the
Cold Storage Warehouse Market – Top-Companies, Future-Growth, Regional Analysi …
Cold Storage Warehouse Market – Cold storage warehouse is a place where goods at kept at a certain temperature to maintain quality. Cold storage warehouse are used to store perishable items, such as fruits, vegetables, meat, seafood, and dairy products, at a desired temperature to maintain the quality of the product for a long time. Cold storages plays a critical part in the supply chain that ships groceries, medicines, and other temperature-sensitive

All 5 Releases


More Releases for North

North America Orthopedic Implants Market
According to a new report published by Research Dive, titled, "Orthopedic Implants Market : North America Opportunity Analysis and Industry Forecast, 2018-2025," the North America orthopedic implants market size was valued at $23,461 million in 2018, and is projected to reach $30,646 million by 2025, growing at a CAGR of 3.9% from 2019 to 2025. Orthopedic implant is a medical device surgically placed inside the body to restore bone function
North America Pen Needles Market
Allied Market Research (USA, Oregon, Portland) Published Latest Report titled, ‘North America Pen Needles Market : Global Opportunity Analysis and Industry Forecast 2020-2027’. The North America Pen Needles Market is expected to witness growth in upcoming years due to factors such as increase in target patient population, which mostly includes patients suffering from cancer, tuberculosis and cardiovascular diseases. This market research study determines the increase in changes and the aspects which are
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts