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Smart Demand Response Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2023 - 2030

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    Report

  • 86 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899555
The global smart demand response market size is expected to reach USD 88.79 billion by 2030, registering a CAGR of 17.4%.

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.

Smart Demand Response Market Report Highlights

  • 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 52.0% of the revenue in 2022; 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 is expected to register the highest CAGR of 21.0% over the forecast period. It can be attributed to the growing adoption of smart meters in the region.
  • 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.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Smart Demand Response Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Smart Demand Response Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Smart Demand Response Market: Application Estimates & Trend Analysis
4.1. Smart Demand Response Market: Key Takeaways
4.2. Smart Demand Response Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Residential
4.3.1. Residential market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Commercial
4.4.1. Commercial market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. Industrial
4.5.1. Industrial market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Smart Demand Response Market: Regional Estimates & Trend Analysis
5.1. Regional Outlook
5.2. Smart Demand Response Market by Region: Key Takeaway
5.3. North America
5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.3.2. U.S.
5.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.3.3. Canada
5.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.4. Europe
5.4.1. UK
5.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.4.2. Germany
5.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.4.3. France
5.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.5. Asia Pacific
5.5.1. Japan
5.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.5.2. China
5.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.5.3. India
5.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.5.4. Australia
5.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.5.5. South Korea
5.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.6. Latin America
5.6.1. Brazil
5.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.6.2. Mexico
5.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.7. MEA
5.7.1. Saudi Arabia
5.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.7.2. South Africa
5.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
5.7.3. United Arab Emirates (UAE)
5.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Market Participant Categorization
6.2.1. ABB
6.2.1.1. Company overview
6.2.1.2. Financial performance
6.2.1.3. Product benchmarking
6.2.1.4. Strategic initiatives
6.2.2. Eaton
6.2.2.1. Company overview
6.2.2.2. Financial performance
6.2.2.3. Product benchmarking
6.2.2.4. Strategic initiatives
6.2.3. Enel X S.r.l.
6.2.3.1. Company overview
6.2.3.2. Financial performance
6.2.3.3. Product benchmarking
6.2.3.4. Strategic initiatives
6.2.4. General Electric
6.2.4.1. Company overview
6.2.4.2. Financial performance
6.2.4.3. Product benchmarking
6.2.4.4. Strategic initiatives
6.2.5. Honeywell International Inc.
6.2.5.1. Company overview
6.2.5.2. Financial performance
6.2.5.3. Product benchmarking
6.2.5.4. Strategic initiatives
6.2.6. Johnson Controls
6.2.6.1. Company overview
6.2.6.2. Financial performance
6.2.6.3. Product benchmarking
6.2.6.4. Strategic initiatives
6.2.7. Oracle Energy and Water
6.2.7.1. Company overview
6.2.7.2. Financial performance
6.2.7.3. Product benchmarking
6.2.7.4. Strategic initiatives
6.2.8. Siemens
6.2.8.1. Company overview
6.2.8.2. Financial performance
6.2.8.3. Product benchmarking
6.2.8.4. Strategic initiatives
6.2.9. Schneider Electric
6.2.9.1. Company overview
6.2.9.2. Financial performance
6.2.9.3. Product benchmarking
6.2.9.4. Strategic initiatives
6.2.10. Itron Inc.
6.2.10.1. Company overview
6.2.10.2. Financial performance
6.2.10.3. Product benchmarking
6.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America smart demand response market, by application, 2017-2030 (USD Million)
Table 3 North America smart demand response market, by region, 2017 to 2030 (USD Million)
Table 4 U.S. smart demand response market, by application, 2017-2030 (USD Million)
Table 5 Canada smart demand response market, by application, 2017-2030 (USD Million)
Table 6 Europe smart demand response market, by application, 2017-2030 (USD Million)
Table 7 Europe smart demand response market, by region, 2017 to 2030 (USD Million)
Table 8 Germany smart demand response market, by application, 2017-2030 (USD Million)
Table 9 UK smart demand response market, by application, 2017-2030 (USD Million)
Table 10 France smart demand response market, by application, 2017-2030 (USD Million)
Table 11 Asia Pacific smart demand response market, by application, 2017-2030 (USD Million)
Table 12 Asia Pacific smart demand response market, by region, 2017 to 2030 (USD Million)
Table 13 China smart demand response market, by application, 2017-2030 (USD Million)
Table 14 Japan smart demand response market, by application, 2017-2030 (USD Million)
Table 15 India smart demand response market, by application, 2017-2030 (USD Million)
Table 16 Australia smart demand response market, by application, 2017-2030 (USD Million)
Table 17 South Korea smart demand response market, by application, 2017-2030 (USD Million)
Table 18 Latin America smart demand response market, by application, 2017-2030 (USD Million)
Table 19 Latin America smart demand response market, by region, 2017 to 2030 (USD Million)
Table 20 Brazil smart demand response market, by application, 2017-2030 (USD Million)
Table 21 Mexico smart demand response market, by application, 2017-2030 (USD Million)
Table 22 Middle East and Africa (MEA) smart demand response market, by application, 2017-2030 (USD Million)
Table 23 Middle East and Africa (MEA) smart demand response market, by region, 2017 to 2030 (USD Million)
Table 24 South Africa smart demand response market, by application, 2017-2030 (USD Million)
Table 25 Saudi Arabia smart demand response market, by application, 2017-2030 (USD Million)
Table 26 United Arab Emirates (UAE) smart demand response market, by application, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Smart demand response: Market outlook
Fig. 9 Smart demand response: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Smart demand response market driver impact
Fig. 15 Smart demand response market restraint impact
Fig. 16 Smart demand response market strategic initiatives analysis
Fig. 17 Smart demand response market: Application movement analysis
Fig. 18 Smart demand response market: Application outlook and key takeaways
Fig. 19 Residential market estimates and forecasts, 2017-2030
Fig. 20 Commercial market estimates and forecasts, 2017-2030
Fig. 21 Industrial market estimates and forecasts, 2017-2030
Fig. 22 Global smart demand response market: Regional movement analysis
Fig. 23 Global smart demand response market: Regional outlook and key takeaways
Fig. 24 North America market estimates and forecasts, 2017-2030
Fig. 25 U.S. market estimates and forecasts, 2017-2030
Fig. 26 Canada market estimates and forecasts, 2017-2030
Fig. 27 Europe market estimates and forecasts, 2017-2030
Fig. 28 UK market estimates and forecasts, 2017-2030
Fig. 29 Germany market estimates and forecasts, 2017-2030
Fig. 30 France market estimates and forecasts, 2017-2030
Fig. 31 Asia Pacific market estimates and forecasts, 2017-2030
Fig. 32 Japan market estimates and forecasts, 2017-2030
Fig. 33 China market estimates and forecasts, 2017-2030
Fig. 34 India market estimates and forecasts, 2017-2030
Fig. 35 Australia market estimates and forecasts, 2017-2030
Fig. 36 South Korea market estimates and forecasts, 2017-2030
Fig. 37 Latin America market estimates and forecasts, 2017-2030
Fig. 38 Brazil market estimates and forecasts, 2017-2030
Fig. 39 Mexico market estimates and forecasts, 2017-2030
Fig. 40 Middle East and Africa market estimates and forecasts, 2017-2030
Fig. 41 Saudi Arabia market estimates and forecasts, 2017-2030
Fig. 42 South Africa market estimates and forecasts, 2017-2030
Fig. 43 United Arab Emirates (UAE) market estimates and forecasts, 2017-2030

Companies Mentioned

  • ABB
  • Eaton
  • Enel X S.r.l.
  • General Electric
  • Honeywell International Inc.
  • Johnson Controls
  • Oracle Energy and Water
  • Siemens
  • Schneider Electric
  • Itron Inc.

Methodology

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Table Information