Market Overview:
The global industrial demand response management systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about energy efficiency and the need for reducing greenhouse gas emissions. In addition, the growing demand for real-time data analytics and cloud-based solutions are also contributing to the growth of this market. The global industrial demand response management systems market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hardware, software, and services. The hardware segment dominates this market owing to its ability to provide fast results with minimal human intervention. By application, it is classified into small and medium enterprises (SMEs), large enterprises, government organizations/utilities sector entities (GOUs), and others including residential consumers/end users). The SMEs segment accounts for a major share in terms of revenue in this market as they are increasingly adopting these solutions owing to their benefits such as improved energy efficiency and reduced costs.
Product Definition:
An industrial demand response management system (IDRMS) is a comprehensive suite of software and hardware tools used to manage energy consumption in an industrial setting. IDRMSes allow operators to remotely monitor and control equipment, schedule operations, and optimize energy use. They are important for industries that rely on large amounts of power, as they can help reduce costs and save energy.
Hardware:
Hardware is the part of Industrial Demand Response Management Systems (IDRMS) that are used to measure energy consumption and/or production. It includes physical devices such as sensors, meters, switches, relays or any other electronic device which can be used to obtain information related to demand response management. Hardware components are necessary for measuring energy consumption in a building or industrial process and making it available for use in an Energy Analytics System (EAS).
Software:
Software is an electronic device or a set of instructions to solve a particular problem. It may be used in various applications such as consumer electronics, industrial control systems, mobile computing and communication devices and other sectors. Software solutions are widely used across the IT industry for various purposes such as data processing, enterprise resource planning (ERP), customer relationship management (CRM) among others.
Application Insights:
The others application segment accounted for the largest revenue share of over 40% in 2017. Demand response management systems have been gaining traction across various industries owing to the growing need to curb electricity costs while maintaining production levels. The oil and gas, manufacturing, and power sectors are some of the major adopters of DRMS as they can effectively cut energy costs by 30%.
Demand response is also used by water treatment plants, hospitals, sports arenas and other large consumers as an alternative source of power generation or load shifting during peak hours. These types of solutions are increasingly being deployed across various commercial facilities such as data centers on a voluntary basis with no binding contract involved. This has led to increased adoption at a corporate level without any formal agreements between buyers & sellers or utilities & IT companies regarding payment schedules etc., which is expected to drive demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to various factors such as increasing adoption of DRM systems by large enterprises and utilities, growing awareness about the benefits ofDRM among consumers, and supportive government regulations for grid-scale applications. For instance, in December 2016, California Independent System Operator (CAISO) launched a new platform called Demand Response Platform (DRP) that enables customers to manage their demand response programs more efficiently.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing investments by governments and private players for developing advanced infrastructure for managing electricity consumption across industries. For instance, In India since 2010 there has been an increase of around 40% in installed capacity from small power distribution companies like Jain Irrigation Systems Limited; Mahindra & Mahindra Limited; HVAC manufacturer Johnson Controls Pvt Ltd.; etc.
Growth Factors:
- Increasing demand for energy efficiency and sustainability in industrial sector
- Rising concerns over the security of energy supply and its impact on businesses
- Proliferation of smart grid technologies and initiatives for demand response management
- Growing popularity of Industrial Internet of Things (IIoT) and big data analytics for DRMS implementation
- Stringent government regulations to promote energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Demand Response Management Systems Market Research Report
By Type
Hardware, Software
By Application
Small and Medium Enterprises, Large Enterprises, Others
By Companies
ABB, Siemens, Eaton, Schneider Electric, AutoGrid, GE, EnerNOC, EnergyHub, Itron, Lockheed Martin
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Demand Response Management Systems Market Report Segments:
The global Industrial Demand Response Management Systems market is segmented on the basis of:
Types
Hardware, 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
Small and Medium Enterprises, Large Enterprises, Others
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
- Siemens
- Eaton
- Schneider Electric
- AutoGrid
- GE
- EnerNOC
- EnergyHub
- Itron
- Lockheed Martin
Highlights of The Industrial Demand Response Management 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
- By Application:
- Small and Medium Enterprises
- Large Enterprises
- Others
- 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 Industrial Demand Response Management 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.
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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?
Industrial demand response management systems are a type of energy management system that helps businesses and organizations reduce their energy consumption. They can do this by responding to changes in electricity demand, either automatically or through manual intervention. This can help reduce the amount of energy used by an organization, which in turn reduces its carbon footprint.
Some of the key players operating in the industrial demand response management systems market are ABB, Siemens, Eaton, Schneider Electric, AutoGrid, GE, EnerNOC, EnergyHub, Itron, Lockheed Martin.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Demand Response Management 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 Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size & Forecast, 2018-2028
4.5.1 Industrial Demand Response Management Systems Market Size and Y-o-Y Growth
4.5.2 Industrial Demand Response Management Systems Market Absolute $ Opportunity
Chapter 5 Global Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises
6.2.2 Large Enterprises
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Demand Response Management 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 Industrial Demand Response Management 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 Industrial Demand Response Management Systems Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
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 Industrial Demand Response Management Systems Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises
9.10.2 Large Enterprises
9.10.3 Others
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 Industrial Demand Response Management Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
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 Industrial Demand Response Management Systems Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises
10.10.2 Large Enterprises
10.10.3 Others
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 Industrial Demand Response Management Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
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 Industrial Demand Response Management Systems Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises
11.10.2 Large Enterprises
11.10.3 Others
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 Industrial Demand Response Management Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Demand Response Management 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 Industrial Demand Response Management Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
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 Industrial Demand Response Management Systems Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises
12.10.2 Large Enterprises
12.10.3 Others
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) Industrial Demand Response Management Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Demand Response Management 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) Industrial Demand Response Management Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
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) Industrial Demand Response Management Systems Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises
13.10.2 Large Enterprises
13.10.3 Others
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 Industrial Demand Response Management Systems Market: Competitive Dashboard
14.2 Global Industrial Demand Response Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Eaton
14.3.4 Schneider Electric
14.3.5 AutoGrid
14.3.6 GE
14.3.7 EnerNOC
14.3.8 EnergyHub
14.3.9 Itron
14.3.10 Lockheed Martin
