Market Overview:
The global demand response systems 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 systems 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 larger share of the global demand response systems market during the forecast period, owing to its ability to provide real-time data and analytics on electricity consumption patterns.
Product Definition:
A demand response system is a collection of technologies and strategies used to reduce electricity consumption during periods of peak demand. The goal of a demand response system is to shave as much as possible off the peak electricity load, which can help avoid blackouts and save money on energy costs.
Hardware:
Hardware is the part of Demand Response System that includes control devices, communication devices and metering equipment. Hardware components are used to measure energy consumption in a building or city and respond to changes in demand by shifting electrical loads.
Hardware components help manage power usage through load shifting which helps avoid blackouts and brownouts during peak demand periods.
Software & Service:
Software & Service is a part of Demand Response System and it's used to manage, analyze, monitor and control the energy consumption of buildings. It helps in managing the load as well as avoiding power losses by controlling the appliances' operation. Software & Services are widely used in commercial, residential and industrial applications for reducing peak loads as well as improving overall efficiency across various sectors such as healthcare, IT etc.
Application Insights:
The conventional demand response systems application segment dominated the global demand response systems market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to its wide applications across various industries such as power, oil & gas and utilities among others.
Demand Response Systems (DS) are used by end-use customers to reduce electricity consumption during peak hours when supply is abundant and price higher than normal. By using Demand Response (DR), industrial, commercial and residential consumers can reduce their energy costs while maintaining reliable service delivery at a reasonable cost. Increasing awareness about DR among customers has resulted in adoption of these systems by end-use customers across different sectors including power generation & distribution, oil & gas exploration and production, transportation services providers etc., which is anticipated to drive growth over the coming years.
Regional Analysis:
North America is expected to dominate the global demand response systems market over the forecast period. The growth can be attributed to increasing awareness among customers regarding conservation of energy and implementation of various initiatives by governments for reducing greenhouse gas emissions. For instance, in March 2016, Al Gore launched a campaign called “Climate Reality†which aims at educating people about climate change and its impacts. The initiative was taken across all U.
The Asia Pacific region is anticipated to witness significant growth over the next eight years owing to increasing awareness regarding benefits of DRS in emerging economies such as China and India along with other South Asian countries including Bangladesh & Pakistan etc.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rising concerns over climate change and the need to reduce greenhouse gas emissions
- Aging grid infrastructure in need of modernization
- Rapid deployment of renewable energy sources such as solar and wind power
- Increased awareness of the benefits of demand response among businesses, consumers, and policy makers
Scope Of The Report
Report Attributes
Report Details
Report Title
Demand Response Systems Market Research Report
By Type
Hardware, Software & Service
By Application
Conventional Demand Response Systems, Automated Demand Response Systems
By Companies
ABB, Eaton, General Electric, Honeywell International, Schneider Electric, Siemens AG, Tantalus Systems Corp. (Energate), Open Access Technology International, Verdigris Technologies, Oracle, Enel X, Ormat Technologies, Trilliant Holdings, AutoGrid Systems, Encycle, Direct Technology (ESG), Conservation Resource Solutions, Operation Technology
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Demand Response Systems Market Report Segments:
The global Demand Response Systems market is segmented on the basis of:
Types
Hardware, Software & Service
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
Conventional Demand Response Systems, Automated Demand Response Systems
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
- Eaton
- General Electric
- Honeywell International
- Schneider Electric
- Siemens AG
- Tantalus Systems Corp. (Energate)
- Open Access Technology International
- Verdigris Technologies
- Oracle
- Enel X
- Ormat Technologies
- Trilliant Holdings
- AutoGrid Systems
- Encycle
- Direct Technology (ESG)
- Conservation Resource Solutions
- Operation Technology
Highlights of The Demand Response Systems 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
- Software & Service
- By Application:
- Conventional Demand Response Systems
- Automated Demand Response Systems
- 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 Systems 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
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 systems are a type of energy management system that can be used to reduce the amount of electricity used by a facility when demand is high. When demand is high, the system will send out alerts to customers telling them to use less power. This can help avoid brownouts or blackouts in areas with high electricity usage.
Some of the major players in the demand response systems market are ABB, Eaton, General Electric, Honeywell International, Schneider Electric, Siemens AG, Tantalus Systems Corp. (Energate), Open Access Technology International, Verdigris Technologies, Oracle, Enel X, Ormat Technologies, Trilliant Holdings, AutoGrid Systems, Encycle, Direct Technology (ESG), Conservation Resource Solutions, Operation Technology.
The demand response systems market is expected to register a CAGR of 13.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Demand Response Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Demand Response Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Demand Response Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Demand Response Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Demand Response Systems Market Size & Forecast, 2018-2028
4.5.1 Demand Response Systems Market Size and Y-o-Y Growth
4.5.2 Demand Response Systems Market Absolute $ Opportunity
Chapter 5 Global Demand Response Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Demand Response Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software & Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Demand Response Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Demand Response Systems Market Size Forecast by Applications
6.2.1 Conventional Demand Response Systems
6.2.2 Automated Demand Response Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Demand Response Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Demand Response Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Demand Response Systems Analysis and Forecast
9.1 Introduction
9.2 North America Demand Response Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Demand Response Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software & Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Demand Response Systems Market Size Forecast by Applications
9.10.1 Conventional Demand Response Systems
9.10.2 Automated Demand Response Systems
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Demand Response Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Demand Response Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Demand Response Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software & Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Demand Response Systems Market Size Forecast by Applications
10.10.1 Conventional Demand Response Systems
10.10.2 Automated Demand Response Systems
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Demand Response Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Demand Response Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Demand Response Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software & Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Demand Response Systems Market Size Forecast by Applications
11.10.1 Conventional Demand Response Systems
11.10.2 Automated Demand Response Systems
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Demand Response Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Demand Response Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Demand Response Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software & Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Demand Response Systems Market Size Forecast by Applications
12.10.1 Conventional Demand Response Systems
12.10.2 Automated Demand Response Systems
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Demand Response Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Demand Response Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Demand Response Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software & Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Demand Response Systems Market Size Forecast by Applications
13.10.1 Conventional Demand Response Systems
13.10.2 Automated Demand Response Systems
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Demand Response Systems Market: Competitive Dashboard
14.2 Global Demand Response Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 General Electric
14.3.4 Honeywell International
14.3.5 Schneider Electric
14.3.6 Siemens AG
14.3.7 Tantalus Systems Corp. (Energate)
14.3.8 Open Access Technology International
14.3.9 Verdigris Technologies
14.3.10 Oracle
14.3.11 Enel X
14.3.12 Ormat Technologies
14.3.13 Trilliant Holdings
14.3.14 AutoGrid Systems
14.3.15 Encycle
14.3.16 Direct Technology (ESG)
14.3.17 Conservation Resource Solutions
14.3.18 Operation Technology
