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Demand response market growing steadily at 15.85% CAGR to 2021 made available by top research firm

The following companies as the key players in the global demand response (DR) market: ABB, CPower, EnerNOC, Honeywell International, Itron (Comverge), Schneider Electric, and Siemens. Other Prominent Vendors in the market are: ALSTOM, Cisco, Eaton, Landis+Gyr, Oracle, and Toshiba.

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Complete report on the Demand Response Market Research Report spread across 92 pages, profiling 13 companies with table of content is now available at  www.reportsnreports.com/contacts/d…aspx?name=1127632 

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Demand Response (DR) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Emerging concept of Internet of Things (IoT). Internet of Things (IoT) is moving toward being the future technology for utility companies and electricity aggregators to distribute power between grids and consumers.

At present, IoT has found its pathway into grid automation to revolutionize the modernized communication.

According to the report, one of the major drivers for this market is Increasing gap between electricity supply and demand. The growing urbanization and population are increasing the need for electricity worldwide.

This is creating a huge mismatch between electricity supply and demand for the last two decades. Similarly, a variation in load demand to a greater extent throughout the year has become a major difficulty that further complicates the situation.

Thus, utility and generation companies must constantly match supply and demand throughout the year to maintain reliability on the power system.

Access this Report at www.reportsnreports.com/purchase.aspx?name=1127632 .

Further, the report states that one of the major factors hindering the growth of this market is growing threat of hacking. Strict authentication is essential while maintaining DR for electricity consumers through software.

The rising number of users in DR poses a threat to these automation systems by making the data vulnerable to unauthorized access. Likewise, wireless devices, such as smart thermostats and smart meters are highly prone to getting hacked.

Thus, information related to processes, people, and critical data become insecure.

This report covers the present scenario and the growth prospects of the global demand response (DR) market for 2017-2021. To calculate the market size, the report considers the new installations sales, revenue, aftermarket, and services market.

Demand response (DR) is defined as the change in power consumption by a utility's customers to reduce the gap between demand and supply of electricity. DR solutions help capture the benefits of time-based rates or financial incentives by consumers.

This is done by reducing or shifting their electricity consumption during the peak hours of demand. DR further helps electricity providers to decrease costs by reducing the peak demand and prevents power companies from investing in new plants to meet the excess energy demand.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry 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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