Wednesday 8 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Demand Response (DR) Market in the US: ABB, Honeywell International Inc., Johnson Controls, Schneider Electric and Siemens AG.
Other Prominent Vendors in the market are: Comverge, Eaton, Enernoc and GE.
Commenting on the report, an analyst from the report's team said: “Growing energy intelligence software is one major trend that prevails in the DR market in the US. This software provides real-time visibility of energy consumption and details of the pattern of electricity usage. The integration of energy intelligence software with DR provides detailed electricity consumption information to users, such as how much energy has been used during on- and off-peak loads and how much money has been saved by using DR.”
According to the report, the growing cost of electricity is one of the main drivers of the market. Increased population and urbanization have resulted in high demand for power. Increased growth in population and depletion of fossil fuels has resulted in an increase in the cost of electricity.
Further, the report states that Difficulty in baseline determination is one of the major challenges that the market faces. Baseline determination is the measurement and verification of total actual energy sent by ISOs and RTOs to users and total actual energy consumed by users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.