Smart Demand Response Market Led by North America
Industry-leading analysis firm Transparency Market Research has announced a new market report, detailing the global smart demand response market . The report, titled ‘ Smart Demand Response Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025 ’, explains key trends in the market. The report estimates the smart demand response market to reach a total valuation of US$51,479 million by the end of the forecast period at a CAGR of 21.6%.The report forecasts that the constantly increasing amount of power required in the modern world will inevitably lead to demand response programs. Government policies for smart demand response will aid the global market; the increasing deployment of smart grids all over the world is a factor expected to boost the global smart demand response market. Demand response refers to technologies and devices used to reduce the peak electricity consumption of a consumer. This is more economically beneficial than adding ele...