Smart Demand Response Market Size Is Anticipated To Reach USD 24.71 Billion By 2022 : Grand View Research Inc.
San Francisco, 25 April 2019: The Report Smart Demand Response Market Analysis By Application (Residential, Commercial, Industrial) And Segment Forecasts To 2022 The global Smart Demand Response Market size is expected to reach USD 24.71 billion by 2022, according to a new study by Grand View Research, Inc. Increasing grid deployment is expected to favorably impact market growth. Demand response plays an important role in electric grid operation by reducing electricity usage during peak hours. Introduction of grid technologies is expected to open avenues for the traditional energy infrastructure vendors. Smart grids when coupled with metering systems; provide information on real time consumption to the customers as well as suppliers. Spread of ubiquitous wireless networks as well as internet access, along with the growing level of intelligence built into HVAC systems, industrial controls, lighting networks and varied other big building loads is expected to drive the