Demand response management system is an IT solution that helps balance power supply and demand. Load and weather conditions are forecast and loaded into the software, which then calculates and manages production, and loads profiles into the database for future use. With the help of DRMS, end-users can modify their power usage pattern based on the supply of power.
The analysts forecast the demand response management system market in Latin America to grow at a CAGR of 36.46% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the demand response management system market in Latin America for the period 2015-2019. To calculate the market size, the report considers revenue generated from demand response management solutions, software, tools, applications, services, support, and maintenance.
The report also presents the vendor landscape and a corresponding detailed analysis of the six major vendors in the market. It provides details of the major drivers, challenges, and trends in the market. It also provides segmentation based on solutions and end-users.
- Johnson Controls
- Schneider Electric
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Other Prominent Vendors
- Adoption of smart meters
- Lack of understanding of benefits
- Increased demand for cloud-based solutions
Key Questions Answered in this Report
- What will the market size be in 2019 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?
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