Nurse Call System Market Is Poised To Reach $1.8 Billion By 2022: Grand View Research, Inc.

 The global Nurse Call System Market is expected to reach USD 1.8 billion by 2022, according to a new report by Grand View Research, Inc. The decreasing reimbursement coverage, government penalties for hospital readmissions and the increasing support for digital healthcare are expected to drive the demand for nurse call system market. 

Additionally, technological advancements pertaining to introduce the next level of communication enabling the wide range of applications configuration to the hospitals, home care, and residential facilities are also expected to upsurge the demand for the nurse call system market. In April 2015, Mircom launched MiCare wireless nurse call system. The system was designed to enable its integration with the cloud technology. It had a unique mesh technology, which could be customized depending on the needs of the facilities. 

With the increasing life expectancy and changing healthcare requirements, the burden on national insurance bodies is constantly increasing. Owing to aforementioned factors, Medicare penalizes healthcare facilities which has hospital readmissions within 30days. The government is providing funds for research, which can help caregivers to streamline the entire process with the aid of technology. For instance, in April 2015, the American Association of Critical-Care Nurses (AACN) granted USD 160,000 pertaining to the appropriate and effective use of such technologies. 

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www.grandviewresearch.com/industry-analysis/nurse-call-system-equipments-industry

Further key findings from the report suggest: 

• Wired communication equipment dominated the market in 2014 owing to the early adoption of the technology and continuous innovations such as integration Wi-Fi cordless telephone, IP DECT, and radio pocket pager for greater efficiency and safety. In August 2014, South Tyneside Hospital installed IPiN Ethernet-based nurse call system in its accident &emergency units, cardiac wards, and Special Care Baby Units (SCBUs). 
• Wireless communication equipment is expected to witness rapid growth. With the increasing healthcare complexities, the need for integrated nurse call systems and electronic health records is driving the industry players to launch advanced solutions. In November 2015, RCare launched its G4 technology with Advanced Location Protocol (ALP) for senior living facilities. The “I Got It” button provides a state-of-the-art solution to allow staff to pinpoint locations with the aid of RCare pendant. 
• In 2014, North America was the largest regional market owing to the establishment of separate certification and coding system. Increasing demand for remote patient monitoring and the subsequent introduction of technologically advanced nurse call system are amongst key factors for the region’s large share. 
• Europe was the second largest market in 2014 owing to the separate funding for nursing technologies and funding for effective patient monitoring devices. The European Union has funded over USD 558.29 million for the eHealth and mHealth technology since 1990. Moreover, in June 2015, Innovate UK funded the Oxehealth camera based patient monitoring study, which captured the real-time movements of patients to measure the vital signs and alert the staff accordingly. 
• In 2014, the Hospitals have a majority of the market share owing to the patient flow and the increasing chronic and emergency case patients. Hospitals are revamping their older nurse call systems and increasing their budgets pertaining to the funding infrastructure supporting system integration. 
• Market participants are constantly evolving the traditional nurse call system and incorporating newer techniques or devices helping caregivers to provide patient care effectively. For instance, internet protocol nurse call systems offer a higher level of integration with wired and wireless technologies. In February 2016, Austco Communication Systems launched Tacera Pulse intelligent solutions for the clinical business. 
• Key players in the nurse call system market include Hill-Rom Holding, Inc., Tyco SimplexGrinnell,Ascom Holding, Honeywell International, Inc., Rauland-Borg Corporation,TekTone Sound & Signal Mfg., Inc., Stanley Healthcare, Azure Healthcare, West-Com Nurse Call Systems, Inc., and Critical Alert Systems LLC. 

Grand View Research has segmented the global nurse call system market on the basis of technology, end-use,and regions:

Nurse Call System Technology Outlook (Revenue, USD Million, 2012 - 2022)

• Wired Communication Equipment
• Wireless Communication Equipment

Nurse Call System End-use Outlook (Revenue, USD Million, 2012 - 2022)

• Hospitals and Clinics
• Outpatient Departments (OPDs)
• Assisted Living Facilities
• Ambulatory Care Services
• Skilled Nursing Facilities (SNFs)

Nurse Call System Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • India
  • Japan
  • China
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • South Africa
  • Rest of MEA

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-nurse-call-system-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Allergy Diagnostics And Therapeutics Market Is Anticipated To Reach $40.8Bn By 2022

The Global Allergy Diagnostics And Therapeutics Market is expected to reach USD 40.8 billion by 2022, according to a new report by Grand View Research, Inc. Increasing prevalence of allergic conditions and adoption of immunoassay as a viable diagnostic test is expected to serve this market with lucrative future growth opportunities. 

The prevalence of target diseases such as asthma and food allergies are expected to grow over the next seven years, supported by sedentary and dietary lifestyle habits. In addition, rising indoor, industrial pollution, rapid urbanization in developing countries and increasing greenhouse gas concentrations are expected to increase the prevalence of pollen induced respiratory disorder, thereby boosting the overall market growth over the forecast period. 

Increasing incidences of allergies has triggered the demand for sensitive, cost effective and accurate diagnostics tools. Manufacturers in congruence with the changing customer preferences are now engaged in constant product development. For instance, the MeDALL allergen-chip for allergy determination is further expected to propel market growth during the next seven years.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/allergy-diagnostic-market 

Further key findings from the study suggest:

• Consumables being an indispensable diagnostic product segment sell in large volumes and therefore, dominated the market in 2014 with revenue share of over 55.0%. In addition, expensive nature of reagents and their frequent application in diagnostic assay also supports the aforementioned fact.
• Increasing demand for analyzers and laminators for allergy diagnostics is expected to help this segment grow at a lucrative CAGR of above 12.0% over the forecast period. Increasing awareness pertaining to outsourcing of allergy testing services is anticipated to show upward shift in coming years.
• Increasing demand for minimally invasive and allergen specific tests is anticipated to serve in vitro allergy diagnostics market with future growth opportunities.  The market is expected to grow with CAGR of above 12.0% over the forecast period.
• Inhaled allergens accounted for the largest share of revenue in 2014 owing to, the growing incidences of respiratory allergies. According to statistics published in 2012 by American Academy of Allergy Asthma and Immunology (AAAAI), around 7.8 million children suffered from respiratory allergies worldwide and the number is expected to increase over the forecast period.
• Hospitals are the largest consumer of allergy diagnostic products. The segment is anticipated to grow with CAGR of over 11.0% in coming years.
• Antihistamines were the largest allergy therapeutic segment as of 2014 with share valued at over 17.0% due to associated advantages such as non sedating nature of drugs and minimum side effects with use of second generation antihistamines in allergy treatment.
• Immunotherapy vaccines are expected to witness lucrative growth owing to extensive R&D coupled with the introduction of sublingual immunotherapy tablets in the treatment of allergic rhinitis. For instance, In April 2014, the U.S. FDA announced the approval of a five-grass pollen sublingual tablet (Ex-Oralair) produced by Stallergenes which are used in the treatment of pollen allergy.
• Some key players of this market include Thermo Fisher Scientific, Omega Diagnostics, Siemens Healthcare, Stallergenes Greer, Lincoln Diagnostics, bioMerieux, HOB Biotech Group, Alcon Laboratories, Hycor Biomedical and Hitachi Chemical Diagnostics.
• Industry players are focusing on introducing technologically advanced and innovative products to gain competitive advantage. For instance, in March 2015, Stallergenes received approval for STG 320 in Japan, which is the first sublingual immunotherapy tablet used in the treatment of house dust mite allergy. 

Grand View Research has segmented the allergy diagnostics and therapeutics market on the basis of product, end-use, diagnostic test, type of allergen, therapeutic class and region: 

Global Allergy Diagnostics Product Outlook (Revenue, USD Million, 2012 - 2022)

• Instruments 
• Consumables
• Services

Global Allergy Diagnostics Allergen Type Outlook (Revenue, USD Million, 2012 - 2022)

• Food
• Inhaled
• Drug
• Other

Global Allergy Diagnostics End-use Outlook (Revenue, USD Million, 2012 - 2022)

• Diagnostic Laboratories
• Hospitals
• Academic Research Institutes

Global Allergy Diagnostics Test Outlook (Revenue, USD Million, 2012 - 2022)

• In vivo test
  • Skin prick test
  • Intradermal test
  • Patch test
• In vitro test

Global Allergy Therapeutics Drug Class Outlook (Revenue, USD Million, 2012 - 2022)

• Antihistamines
• Decongestants
• Corticosteroids
• Mast cell stabilizers
• Leukotriene Inhibitors
• Nasal anticholinergics
• Immunomodulators
• Autoinjectable Epinephrine
• Immunotherapy

Allergy Diagnostics Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US
• Europe
  • UK 
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• MEA
  • South Africa

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-allergy-diagnostics-therapeutics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Blockchain Technology Market Is Estimated To Generate $7.59 Billion By 2024: Grand View Research, Inc.

The global Blockchain Technology Market size is expected to reach USD 7.59 billion by 2024, according to a new report by Grand View Research, Inc., registering a 37.2% CAGR during the forecast period. Increasing demand for this technology across financial services, consumer or industrial products, technology, media and telecom, healthcare, transportation, and public sectors is largely responsible for market growth.

Blockchain technology works as an electronic transaction-processing and record-keeping system. This allows various participants who are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification. Increasing online transactions, digitization of currency, and secure online payment gateways are few of the major factors expected to fuel demand over the coming years.

The market is expected to exhibit significant growth owing to abundant benefits provided by this technology, such as eliminating need for any financial institution to authenticate transactions, eliminating reconciliation, reducing duplicative recordkeeping, facilitating faster settlement, and minimizing error rates. This technology allows access to databases from everywhere, thereby allowing multiple institutions to use it simultaneously to bring different systems nearer and help improve efficiency.

Major growth drivers include growing interest of the BFSI sector and increasing merchants accepting cryptocurrencies. The probable opportunity of this technology further includes instant settlement of various financial transactions and achieving optimized settlement options for netting and clearing process.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/blockchain-technology-market

Further key findings from the report suggest:

• In order to improve the efficiency of the underlying financial processes and help minimize risks, investments have been made in the technology by various financial institutions in association with key technology players
• The public blockchain network segment is anticipated to witness significant growth over the forecast period, registering a CAGR of 39.2%. The market is still in the development phase and is, therefore, marked by an extensive presence of new developments in the technology and its integration
• Blockchain technology will also enable an irrevocable immediate settlement that will, in turn, restrict any kind of transactional changes once the request has been processed. These technological changes are expected to fuel market growth
• Some of the prominent vendors in the market are Chain Inc.; Circle Internet Financial Limited; Digital Asset Holdings; Eric Industries; IBM Corporation; Linux Foundation; Post-Trade Distributed Ledger; R3; Ripple; and Safello.

The global blockchain technology market has been segmented on the basis of type, application, and region:

Blockchain Technology Type Outlook (Revenue, USD Million, 2015 - 2024)

• Public
• Private
• Hybrid

Blockchain Technology Application Outlook (Revenue, USD Million, 2015 - 2024)

• Financial Services
• Consumer orIndustrial Products
• Technology, Media, and Telecom
• Healthcare
• Transportation
• Public Sector

Blockchain Technology Regional Outlook (Revenue, USD Million, 2015 - 2024)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • Australia
• South America
• MEA

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-blockchain-technology-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Burn Care Market Is Poised To Reach $2.98 Billion By 2025 | Growth Rate: 6.7%: Grand View Research, Inc.

The global Burn Care Market is expected to reach USD 2.98 billion by 2025, according to a new report by Grand View Research, Inc. Increasing incidence of burn injuries is anticipated to fuel the demand for cost-effective treatment over the forecast period. The introduction of advanced treatment options such as reconstructive surgery and skin graft or bio membrane are expected to upsurge the demand for these products over the coming years.

Favorable government initiatives such as reimbursement policies that cover almost 70% to 100% of the treatment cost, upsurge the adoption of advanced wound care products during the forecast period. In addition, government organizations including the World Health Organization (WHO) and nonprofit organizations like the American Burn Association (ABA) are contributing toward raising awareness amongst consumers, which is anticipated to contribute to the growth of the market.

For instance, the WHO entered into a collaborative agreement with the International Society for Burn Injuries to develop the strategies for improving care & prevention of incidence at a global level. Furthermore, various nonprofit organizations undertake initiatives such as the British Burn Association offers knowledge on best cure and rehabilitation available and the Canadian Association of Burn Nurses provides assistance for the remedy of patients.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/burn-care-market 

Further key findings from the study suggest:

• The advanced dressing segment dominates the overall product segment as of 2016 due to higher adoption by consumers
• Biologics treatment option is expected to exhibit higher growth during the forecast period due to the benefits offered with its usage such as accelerated wound healing
• Partial-thickness wound segment is anticipated to showcase the highest growth owing to the rising number of injury cases because of fire, which damage more than 15% of their body
• The outpatient care unit segment is anticipated to grow at the fastest CAGR in coming years as the minor and partial-thickness wounds do not require any hospital admissions
• The Asia Pacific market is projected to witness fastest growth due to rising incidence of burn cases coupled with growing awareness pertaining to the available cure
• The industry is facing strong competition as the major players are focusing on the development of technologically efficient treatment options
• Companies are focusing toward strategies such as the distribution channel enhancement and product portfolio expansion to gain competitive advantage over the forecast period

Grand View Research has segmented the burn care market on the basis of the product, depth of the wound, end-use, and region:

Burn Care Product Outlook (Revenue, USD Million, 2014 - 2025)

• Advanced dressing
  • Alginate dressing
  • Collagen dressing
  • Hydrogel dressing
  • Hydrocolloid dressing
  • Wound contact layers
  • Film dressing
  • Foam dressing
• Biologics
• Traditional burn care products
• Others

Burn Care Depth of Wound Outlook (Revenue, USD Million, 2014 - 2025)

• Minor burns
• Partial thickness burns
• Full thickness burns

Burn Care End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals
  • Inpatient
  • Outpatient
• Clinics
• Others

Burn Care Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• The Middle East and Africa
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-burn-care-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Photomedicine Devices And Technologies Market Total Revenue Would Be $470.8 Million By 2024

The global Photomedicine Devices And Technologies Market was valued at USD 314.9 million in 2015 and is expected to reach a value of USD 470.8 million by 2024. Growing demand for minimally invasive aesthetic procedures is a key contributing factor toward the flourishing market growth. Rising concern amongst the youth regarding their physical and aesthetic appearance is a crucial factor responsible for this growth.

Moreover, benefits associated with the use of laser surgery, such as less recovery time, painless procedure, cost efficiency, and shorter length of hospital stay, are the factors expected to fuel the demand for minimally invasive aesthetic surgeries over the forecast period.

According to the report published by the American society of plastic surgeons, the total number of minimally invasive cosmetic procedures was 13,945,388 in 2014 and is expected to grow by 4% every year. Whereas, the number of procedures in the UK was 50,122 in 2013, which represents a growth of 17% as compared to the previous year. This represents the emergence of the laser-based cosmetic procedures, which in turn is expected to continue boosting the demand for photomedicine devices in the coming years.

In addition, higher adoption of laser surgery in vision correction, body contouring, and in cancer treatment are anticipated to drive the sector growth over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/photomedicine-devices-technologies-market 

Further Key Findings from the Study Suggest:

• Oncology segment is expected to show lucrative growth in the near future due to the increasing global cancer incidence and government funding related to cancer research. In addition, the introduction of various photomedicine technologies in cancer treatment such as photodynamic therapy (PDT), immuno PDT, and fluorescence-guided surgery are anticipated to boost the usage rates in the coming years
• Dichroic lamps are expected to gain popularity in the next 7 years due to their increasing medical application, such as their use in illuminating the organs during endoscopy. On the other hand, laser surgery is anticipated to show substantial growth during the forecast period due to its increasing adoption by healthcare professionals and the growing awareness levels amongst the end users regarding the merits of laser use in surgeries
• For instance, miniature lasers and light emitting diodes, made up of biocompatible materials are used in optical sensing & therapy. Furthermore, the evolution of optogenetics has led to the development of highly efficient photonic devices with better level of integration achieved through neurological circuits thus enabling enhanced optical communication, which offer health monitoring and light activated in vivo therapies for disease treatment
• Asia Pacific photomedicine devices market is anticipated to show lucrative growth during the forecast period. Increasing demand for minimally invasive aesthetic procedures, soaring geriatric population, ongoing cancer research, and the increasing healthcare spending are contributing toward the highest regional growth 
• The photomedicine devices market is oligopolistic in nature and is dominated by players such as Colorado Skin & Vein, THOR Photomedicine Ltd., Lumenis, QBMI Photomedicine, Alma Lasers Ltd., AngioDynamics, and PhotoMedex, Inc. Market players are focusing on strategies such as updating current products, product launches, acquisitions, and distribution agreements
• For example, in May 2014, Spectranetics announced the acquisition of AngioScore, Inc., for USD 230 million. This acquisition led to the expansion of the sales & distribution network of the company and the expansion of the company’s addressable market

Grand View Research has segmented the photomedicine devices market by application, technology, and region:

Global Photomedicine Devices Application Outlook (Revenue, USD Million, 2013 - 2024)

• Dermatology
  • Tattoo removal
  • Hair removal
  • Skin resurfacing
• Wound Healing
• Pain Management
• Oncology
• Optical Diagnostics
• Dental Procedures
• Others

Global Photomedicine Devices Technology Outlook (Revenue, USD Million, 2013 - 2024)

• Laser
• Polychromatic Polarized Light
• Full Spectrum Light
• Dichroic Lamps
• Light emitting diodes

Photomedicine Devices Market Regional Outlook (Market Revenue in USD Million, 2013 - 2024)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-photomedicine-devices-technologies-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Polyvinyl Butyral Market Is Anticipated To Reach USD 4.06 Billion By 2024: Grand View Research, Inc.

The global polyvinyl butyral (PVB) market is expected to reach USD 4.06 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for the product as they provide superior resistance to weather & moisture, attractive colors, optical clarity, strong binding, excellent adhesion, flexibility and toughness will fuel industry growth over the next eight years.

Rising government spending on solar power and construction infrastructure along with the growing population will augment industry expansion. Growing consumption of PVB films & sheets in thin film solar modules on account of its low cost and environment-friendly properties will drive market size over the next eight years.

Paints & coatings application segment is expected to witness substantial revenue gains at a CAGR of 6.3% from 2016 to 2024. The product acts as a protector and corrosion preventer for various metals including steel, iron, zinc and aluminum. Moreover, properties including superior adhesion and resistance to UV radiation will induce the demand for the product over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-pvb-market

Further key findings from the report suggest:

• The global PVB market size was 369.8 kilo tons in 2015 and is expected to show high gains in light of rapid infrastructural development in China, India, Mexico, Saudi Arabia, Brazil, Singapore, Thailand, Indonesia and the U.S.
• PVB adhesives will witness considerable volume gains at a CAGR of 5.7% from 2016 to 2024. Growing usage of these adhesives owing to their superior strength, adhesion and binding properties in various environmental conditions is expected to stimulate industry growth. Furthermore, rising usage in the paper, packaging, automotive, construction, assembly, manufacturing, woodwork and consumer products will fuel industry growth over the forecast period.
• North America accounted for 23.4% of the overall volume share in 2015 and is expected to witness gains in light of rising construction activities in the U.S. coupled with growing automobile manufacturing in Mexico.
• Latin America will show significant revenue increase at a CAGR of 7.4% from 2016 to 2024 owing to rapid economic growth along with increasing vehicle production in Brazil. Increasing government efforts to promote solar energy generation will stimulate product demand over the forecast period.
• PVB industry is dominated by major participants including include Eastman Chemical Company, DuPont, Chang Chun Petrochemical, Sekisui Chemicals and Kuraray. Companies are expanding their production capacities to cater to the growing global demand for the resin. For instance, in June 2016, Kuraray Co., Limited announced plans to construct a manufacturing facility for polyvinyl butyral films at its South Korean plant.

Grand View Research has segmented the global polyvinyl butyral market on the basis of application, end-use and region:

Global Polyvinyl Butyral Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Films & sheets
  • Automotive
  • Construction
  • Photovoltaic
• Paints & coatings
• Adhesives
• Others

Global Polyvinyl Butyral Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
• Latin America
  • Brazil
• MEA

Access Full Press Release of This Report By Grand View Research: www.grandviewresearch.com/press-release/global-polyvinyl-butyral-pvb-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Demand Response Market Is Going To Surpass $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.

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.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/smart-demand-response-market

Further key findings from the study suggest:

• Residential segment is poised to grow at a CAGR higher than the global average, which is a direct consequence of financial incentives and rebates offered by utilities to domestic customers to persuade them in the participation of several direct load control programs. The participation of smart buildings in DR programs to protect electrical grids for the duration of peak energy demand is expected to reduce loads during high-cost periods, thereby reducing bills.
• Industrial applications contributed to over 50% of the revenue in 2014; this large share can be attributed to DR programs offered by several utilities for maximizing power utilization through adoption of high efficiency variable speed drives and motors. Industrial customers are also encouraged to participate in such programs on account of lucrative financial incentives offered to them.
• Asia Pacific contributed to over 15% of the market revenue in 2014. DR programs are expected to increase significantly in the countries of Asia Pacific. Power utilities offer initiatives to reduce peak load demand on power grids. Components of the initiative include expansion of transformation to thin-tube (T8) lamps, Time-of-Use (TOU) metering programs, high efficiency refrigerators, and promotion of compact fluorescent lamps (CFLs) which are expected to boost the DR market growth.
• The market is highly fragmented, with no particular company occupying a majority of the revenue share. The industry is characterized by companies having a strong hold over a particular region with little or no influence globally. However, through mergers & acquisitions, key participants have started expanding globally. Upcoming smart grid projects in countries such as Australia, India, China, and Japan have attracted prominent players in these regions.

Grand View Research has segmented the global smart demand response market on the basis of application and region:

Smart Demand Response Application Outlook (Revenue, USD Million, 2012 - 2022)

• Residential
• Commercial
• Industrial

Smart Demand Response Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-smart-demand-response-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com