Smart Demand Response Market Trends and Forecast 2014 - 2025

Transparency Market Research

Smart Demand Response Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025

Published Date 21- August -2014

142 Page Report

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Press Release

Global Smart Demand Response Market is Estimated to Reach USD 51,478.9 Million in 2025: Transparency Market Research

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Smart Demand Response Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research "Smart Demand Response Market By End User - Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025", Global Smart Demand Response Market was valued at USD 5,041.4 million in 2013 and is expected to reach 51,478.9 million by 2025, growing at a CAGR of 21.6% from 2014 to 2025. Burgeoning power demand drives the adoption of demand response programs. The roll-out of smart grid technologies, including smart meters and communication systems are likely to propel growth in the global smart demand response market. Increasing demand for power supplemented by capacity constraints is projected to boost growth in the global smart demand response market. Furthermore, policies that encourage demand response programs are expected to accelerate market's growth. Additionally, increasing installations of smart meters and other smart grid technologies are estimated to bolster growth in the global smart demand response market. Albeit, limited customer awareness of demand response programs and their benefits can hinder market's growth. Moreover, high cost of technology and equipment for implementing demand response programs is likely to dampen the market's growth. However, technological advancements and developments by leading market players are likely to further...