LONDON, Nov. 11, 2015 /PRNewswire/ -- Demand response (DR) is becoming a growing part of the resource base that electric system operators rely on to maintain reliability on the grid. Market liberalization, economic pressures, and environmental regulations are all moving toward a path of fewer traditional central power plants and more distributed energy resources (DER) to address future energy needs. Advanced technologies can help speed this transition and make it more reliable along the way. For example, automated demand response (ADR) systems automate the DR dispatch process, from the grid operator to the DR aggregator (if involved) to the end-use customer.
A number of drivers point toward increased DR adoption in North America and other regions of the world. The changing resource mix in electric grids globally is creating more potential for DR to play a pivotal role. New market types, like ancillary services such as reserves and regulation, are opening up to DR. The concepts of resiliency and microgrids have taken strong root along the Atlantic Coast following Hurricane in 2012, and DR will be an integral part of those developments. The advent of grid modernization is also tied to this new view on how the grid should be designed. According to Navigant Research, global DR spending is expected to grow from $183.8 million in 2015 to more than $1.3 billion in 2024.
This Navigant Research report analyzes the global DR market, with a focus on three main categories of DR enabling technologies: metering, communications, and controls. The study provides an analysis of the market issues, including drivers and challenges, associated with DR enabling technologies. Global market forecasts for DR sites and spending, segmented by application (residential and commercial and industrial, or C&I), type, and region, extend through 2024. The report also examines DR adoption trends by country and provides profiles of key residential and C&I DR providers.
Key Questions Addressed:
What are the market drivers incentivizing demand response (DR) to expand in the United States and abroad?
What factors may inhibit DR expansion?
What new technologies are encouraging the uptake of DR enabling technologies in global markets?
Who are the major competitors in the residential and commercial and industrial (C&I) DR arenas?
How quickly will DR sites and spending grow in various regions around the world?
Who needs this report?
Building energy management system (BEMS) vendors
Demand response management system (DRMS) vendors
Curtailment service providers (CSPs)
Smart thermostat vendors
Government energy agencies
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