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Post on : 03 Aug 2017
Enewstrack.com The "Global Demand Response Market Features and Forecast 2021" report has been added by Logic Research and Solutions.
“Global Demand Response Market Features and Forecast 2021”
Global Demand Response Market Features and Forecast 2021 report also includes present scenario, growth opportunities, Market Trends and Key Features. Market analysts forecast the global demand response (DR) market to grow at a CAGR of 15.85% during the period 2017-2021. Global Demand Response (DR) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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. Thus, the power and energy industries consider DR programs as an extremely valuable resource whose capabilities are expanded by grid modernization efforts.
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.
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 market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors