Global Research Demand Response Market Segment and Growth Driving | Page 2

Demand response market driving factors include rise in used of smart grid technologies, growing use of smart meters
and communication systems. Additionally, rise in demand for power supplemented by capacity constrictions is
anticipated to boost the market growth. Also, rising number in installation of smart meters and grid technologies is
estimated to boost the market growth during the forecast period. However, factors such as narrowed consumer
awareness of demand response programs and their advantages and higher costs of technology is likely to impede the
market growth for the forecast period.
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This market is segmented into residential, commercial and industrial, on the basis of solution. Industrial segment is
anticipated to dominate the market for the forecast period owing to cost-effective and eco-friendly methods to meet
the electricity system needs. Residential segment is anticipated to be faster growing segment during the forecast
period.
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The Key players in Demand Response market include
Landis+Gyr
Schneider Electric
Honeywell International
Eaton Corporation PLC
General Electric
Siemens AG
Johnson Controls
ABB