Demand Response Management Systems (DRMS) Market Progressing At USD 35.9 Billion By 2025 : Grand View Research Inc.
San Francisco, 15 October 2019: The Report Demand Response Management Systems (DRMS) Market Analysis By Technology (Conventional, Automated), By Component (Hardware, Software), By Application (Residential, Industrial, Commercial), By Region & Segment Forecasts, 2018 – 2025 The global demand response management system (DRMS) market size is expected to reach USD 35.9 billion by 2025, according to a new report by Grand View Research, Inc. The integration of Demand Response (DR) with smart grids and the rising awareness and adoption of automated DRMS by utilities and customers are believed to be the key growth drivers. DRMS acts as a crucial arrangement for balancing energy supply with consumption requirement and stabilizing load on grids during peak hours. An automated demand response is established on AMI, which builds an integrated network between the customers participating in the DR program and the utility for exchanging signals and communicating i...