Market Overview:
The global demand response (DR) market is expected to grow from USD 2.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 13.5% from 2018 to 2030. The growth of the global demand response (DR) market can be attributed to the increasing need for energy efficiency and the growing awareness about energy conservation among consumers across the globe. The hardware segment is expected to hold a major share of the global demand response (DR) market during the forecast period, owing to its ability to provide real-time load curtailment.
 Industry Outlook.svg)
Product Definition:
Demand response (DR) is a strategy used by electricity grid operators to manage the demand for electricity. DR involves reducing or suspending demand when system conditions indicate that there is not enough available generation capacity to meet current or forecasted demand. The objective of DR is to avoid potential blackouts and brownouts, and maintain system reliability.
Hardware:
Hardware is the part of Demand Response (DR) that includes control devices, metering & data acquisition, and other accessories. Hardware components are used to manage energy consumption in DR programs. It helps in measuring power usage and controlling/monitoring energy consumption for a particular time period or event.
Service:
Service is a set of processes and practices that help organizations to improve their performance and customer experience. Service can be used in many areas such as product or physical distribution, operational process, marketing & communication, etc. In the case of Demand Response (DR), service refers to the process by which electric utilities manage demand on an electrical network by offering various load control services including time-shifting, shifting loads between peak periods & off-peak periods among others.
Application Insights:
Demand response provides benefits for both electricity suppliers and consumers. Suppliers can manage the generation assets, power lines, and facilities in a more efficient manner. Consumers can reduce their electricity bills by reducing their consumption when prices go up. Demand response is applicable to all types of power plants including thermal, hydroelectric, wind energy etc., as it helps in managing the generation fleet more effectively.
Demand response is applicable across all commercial sectors such as hospitals & healthcare institutions; educational institutes; government offices; retail malls & complexes; data centers; airports & seaports etc.
Regional Analysis:
North America is expected to dominate the global demand response market over the forecast period. The growth can be attributed to increasing awareness about energy conservation, technological advancements in sensors and communication systems, growing adoption of smart grid technologies, and government initiatives encouraging customers to reduce their electricity consumption. Moreover, rising number of DR providers such as GreenButton Inc., Reliance Globalcom (India), and Smart Energy Lab (U.S.) has fueled regional market growth.
Growth Factors:
- Increasing demand for electricity: The global demand for electricity is increasing rapidly due to the growing population and rising standards of living. This is expected to result in an increase in the need for DR services.
- Stringent environmental regulations: Governments around the world are implementing stringent environmental regulations to reduce greenhouse gas emissions and improve air quality. This is driving the adoption of DR technologies, which can help utilities meet these regulatory requirements more cost-effectively than traditional generation and transmission solutions.
- Rapid technological advancements: The DR market is witnessing rapid advancements in technology, with new products and services being launched regularly. This is helping utilities overcome some of the key challenges associated with deploying DR programs, such as lack of awareness among consumers about available options and reluctance to change their energy consumption patterns.
- Growing interest from investors: There has been a significant increase in investor interest in the DR market over the past few years, with several large private equity firms investing billions of dollars into this sector globally. This indicates that there is considerable potential for growth in this market over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Demand Response (DR) Market Research Report
By Type
Hardware, Service, Software
By Application
Industrial, Residential, Commercial
By Companies
ABB, CPower, EnerNOC, Honeywell International, Itron (Comverge), Schneider Electric, Siemens, ALSTOM, Cisco, Eaton, Landis+Gyr, Oracle, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Demand Response (DR) Market Report Segments:
The global Demand Response (DR) market is segmented on the basis of:
Types
Hardware, Service, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- CPower
- EnerNOC
- Honeywell International
- Itron (Comverge)
- Schneider Electric
- Siemens
- ALSTOM
- Cisco
- Eaton
- Landis+Gyr
- Oracle
- Toshiba
 Market Overview.svg)
Highlights of The Demand Response (DR) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Service
- Software
- By Application:
- Industrial
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Demand Response (DR) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Demand response is a market-based strategy to manage energy demand by reducing consumption when prices are high and increasing consumption when prices are low.
Some of the major players in the demand response (dr) market are ABB, CPower, EnerNOC, Honeywell International, Itron (Comverge), Schneider Electric, Siemens, ALSTOM, Cisco, Eaton, Landis+Gyr, Oracle, Toshiba.
The demand response (dr) market is expected to grow at a compound annual growth rate of 13.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Demand Response (DR) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Demand Response (DR) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Demand Response (DR) Market - Supply Chain
4.5. Global Demand Response (DR) Market Forecast
4.5.1. Demand Response (DR) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Demand Response (DR) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Demand Response (DR) Market Absolute $ Opportunity
5. Global Demand Response (DR) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Demand Response (DR) Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Service
5.3.3. Software
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Demand Response (DR) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Demand Response (DR) Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Residential
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Demand Response (DR) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Demand Response (DR) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Demand Response (DR) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Demand Response (DR) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Demand Response (DR) Demand Share Forecast, 2019-2026
9. North America Demand Response (DR) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Demand Response (DR) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Demand Response (DR) Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Residential
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Demand Response (DR) Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Service
9.7.3. Software
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Demand Response (DR) Demand Share Forecast, 2019-2026
10. Latin America Demand Response (DR) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Demand Response (DR) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Demand Response (DR) Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Residential
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Demand Response (DR) Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Service
10.7.3. Software
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Demand Response (DR) Demand Share Forecast, 2019-2026
11. Europe Demand Response (DR) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Demand Response (DR) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Demand Response (DR) Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Residential
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Demand Response (DR) Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Service
11.7.3. Software
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projection by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Demand Response (DR) Demand Share, 2019-2026
12. Asia Pacific Demand Response (DR) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Demand Response (DR) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Demand Response (DR) Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Residential
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Demand Response (DR) Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Service
12.7.3. Software
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Demand Response (DR) Demand Share, 2019-2026
13. Middle East & Africa Demand Response (DR) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Demand Response (DR) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Demand Response (DR) Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Residential
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Demand Response (DR) Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Service
13.7.3. Software
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Demand Response (DR) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Demand Response (DR) Market: Market Share Analysis
14.2. Demand Response (DR) Distributors and Customers
14.3. Demand Response (DR) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CPower
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EnerNOC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Itron (Comverge)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ALSTOM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cisco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Eaton
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Landis+Gyr
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Oracle
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Toshiba
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
