Global Automated Demand Response Management System Market | Blackridge Research
The Automated Demand Response Management System (ADRMS) Market is expected to grow at a strong pace over the forecast period driven by increasing power consumption and latest efforts to transition to efficient power grid in South Asia, South East Asia, and Africa. Various countries such as India and China across Asia-Pacific are on the path toward retiring conventional fuel-based energy production plants. The ratio of power plants being retired to power plants that are newly built is more than one in both India and China. Countries in Asia-Pacific are expected to invest in ADRMS both to reduce power transmission losses that are already very high and to overcome the load on grid stability.
ADRMS offers unique advantages for utilities and end users by providing energy efficient management systems designed to optimize energy generation and bring smart pricing mechanism with the help of smart electric meters. Consumers will also be rewarded in terms of low per unit cost based on their usage during peak hours or days. In the developed world, widespread application of the latest metering technology and increasing investment into smart grid infrastructure is expected to drive the market for ADRMS.
Rapid urbanization and industrial development in China and India is driving demand for power consumption. Moreover, utilities in both countries are expected to invest in capacity addition including renewables and upgrading of power generation and the associated transmission and distribution infrastructure, acting as the key driver of the global transformer market. The ADRMS market will see increased demand during the forecast period particularly on the back of strong growth prospects of India and the continued development of industry in Southeast Asian countries like Indonesia, Vietnam, and the need to expand the installed power capacity as a result.
The ADRMS market is segmented based on type, and application.
The market is segmented by system type into Hardware and Software. By application, it is segmented into Commercial, Industrial, and Residential. Further, the market for Switchgear is segmented by geography into North America, Europe, Asia Pacific, and Middle East.
Some of the prominent players in the field of manufacturing are General Electric Company, Siemens AG, Honeywell International Inc., ABB Ltd, Johnson Controls International Plc., EnerNOC Inc., Eaton Corp, Schneider Electric, and ABB Ltd., and Lockheed Martin.
1. Executive Summary
2. Research Scope and Methodology
9. Conclusions and Recommendations
List of Tables & Figures
Abbreviations
Additional Notes
Disclaimer
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USD 4490 15th Jun 2020
USD 4490 15th Jun 2020
USD 4490 15th Jun 2020
USD 4490 15th Jun 2020
USD 4490 15th Jun 2020
USD 4490 15th Jun 2020
