Smart Demand Response Market To Be Worth $24.71 Billion By 2022: Grand View Research, Inc.
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. North America smart demand response market by application, (USD Million) 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 automated DR market. Full Research Report On Global Smart Demand Response Market B...