Technavio categorizes the global demand response (DR) market as a part of the global electric utilities market within the global utilities market. The parent global electric utilities market covers companies that produce or distribute electricity, which includes both nuclear and non-nuclear facilities.
The global demand response market is fragmented. During the forecast period, the players are likely to experience intense competition from emerging players in terms of price and solution offerings. This is because the market is expected to grow rapidly in the rising edge of smart grid and building automation. The major players are continuously trying to retain the market share by diversifying their solution offerings through R&D. They are also expected to continue their lead in the market through their wide range of products and service offerings during the forecast period. The market is in the growing stage and is likely to experience market consolidation among players to increase their product portfolio and market presence.
The report identifies ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. as some of the major market participants. Although the increasing gap between electricity supply and demand will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand Response Market 2021-2025: Segmentation
- Product
- Hardware
- Software
- Service
The hardware segment accounted for the largest share of the market in 2021. The segment is driven by the increased implementation of IoT in the industrial and commercial sectors. The market growth in the segment will be significant during the forecast period.
- End-user
- Industrial
- Residential
- Commercial
The industrial segment exhibits high demand in the market. The increasing adoption of smart meters in the iron and steel industry is driving the growth of the segment.
- Geography
- North America
- Europe
- APAC
- South America
- MEA
59% of the market growth will originate from North America during the forecast period. The high awareness among the end-users about the benefits of DR programs is the key factor driving the growth of the regional market.
Demand Response (DR) Market 2021-2025: Vendor Analysis and Scope
Technavio's report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research report on the demand response (DR) market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
The report covers the following areas
:
Demand Response (DR) Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist demand response (DR) market growth during the next five years
- Estimation of the demand response (DR) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the demand response (DR) market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of demand response (DR) market vendors
Related Reports:
Demand Response (DR) Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.02% |
Market growth 2021-2025 |
USD 1.70 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.36 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
North America at 59% |
Key consumer countries |
US, Canada, UK, Germany, Japan, and Australia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Electric Utilities
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five Forces Summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Hardware and software - Market size and forecast 2020-2025
- Exhibit 17: Hardware and software - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Hardware and software - Year-over-year growth 2020-2025 (%)
- 5.4 Service - Market size and forecast 2020-2025
- Exhibit 19: Service - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Service - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Product
- Exhibit 21: Market opportunity by Product
6 Market Segmentation by End-user
- 6.2 Comparison by End user
- Exhibit 23: Comparison by End user
- 6.3 Industrial - Market size and forecast 2020-2025
- Exhibit 24: Industrial - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Industrial - Year-over-year growth 2020-2025 (%)
- 6.4 Residential - Market size and forecast 2020-2025
- Exhibit 26: Residential - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Residential - Year-over-year growth 2020-2025 (%)
- 6.5 Commercial - Market size and forecast 2020-2025
- Exhibit 28: Commercial - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: Commercial - Year-over-year growth 2020-2025 (%)
- 6.6 Market opportunity by End user
- Exhibit 30: Market opportunity by End user
7 Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 32: Market share by geography 2020-2025 (%)
- 8.2 Geographic comparison
- Exhibit 33: Geographic comparison
- 8.3 North America - Market size and forecast 2020-2025
- Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
- 8.4 Europe - Market size and forecast 2020-2025
- Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
- 8.5 APAC - Market size and forecast 2020-2025
- Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
- 8.6 South America - Market size and forecast 2020-2025
- Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
- 8.7 MEA - Market size and forecast 2020-2025
- Exhibit 42: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 43: MEA - Year-over-year growth 2020-2025 (%)
- 8.8 Key leading countries
- Exhibit 44: Key leading countries
- 8.9 Market opportunity by geography
- Exhibit 45: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
10 Vendor Landscape
- 10.2 Vendor landscape
- Exhibit 47: Vendor landscape
- 10.3 Landscape disruption
- Exhibit 48: Landscape disruption
- Exhibit 49: Industry risks
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 50: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 51: Market positioning of vendors
- 11.3 ABB Ltd.
- Exhibit 52: ABB Ltd. - Overview
- Exhibit 53: ABB Ltd. - Business segments
- Exhibit 54: ABB Ltd. - Key offerings
- Exhibit 55: ABB Ltd. - Segment focus
- 11.4 Cisco Systems Inc.
- Exhibit 56: Cisco Systems Inc. - Overview
- Exhibit 57: Cisco Systems Inc. - Business segments
- Exhibit 58: Cisco Systems Inc. – Key news
- Exhibit 59: Cisco Systems Inc. - Key offerings
- Exhibit 60: Cisco Systems Inc. - Segment focus
- 11.5 Enel Spa
- Exhibit 61: Enel Spa - Overview
- Exhibit 62: Enel Spa - Business segments
- Exhibit 63: Enel Spa - Key offerings
- Exhibit 64: Enel Spa - Segment focus
- 11.6 Honeywell International Inc.
- Exhibit 65: Honeywell International Inc. - Overview
- Exhibit 66: Honeywell International Inc. - Business segments
- Exhibit 67: Honeywell International Inc. – Key news
- Exhibit 68: Honeywell International Inc. - Key offerings
- Exhibit 69: Honeywell International Inc. - Segment focus
- 11.7 Itron Inc.
- Exhibit 70: Itron Inc. - Overview
- Exhibit 71: Itron Inc. - Business segments
- Exhibit 72: Itron Inc. - Key offerings
- Exhibit 73: Itron Inc. - Segment focus
- 11.8 LS Power Development LLC
- Exhibit 74: LS Power Development LLC - Overview
- Exhibit 75: LS Power Development LLC - Product and service
- Exhibit 76: LS Power Development LLC – Key news
- Exhibit 77: LS Power Development LLC - Key offerings
- 11.9 Oracle Corp.
- Exhibit 78: Oracle Corp. - Overview
- Exhibit 79: Oracle Corp. - Business segments
- Exhibit 80: Oracle Corp. - Key offerings
- Exhibit 81: Oracle Corp. - Segment focus
- 11.10 Schneider Electric SE
- Exhibit 82: Schneider Electric SE - Overview
- Exhibit 83: Schneider Electric SE - Business segments
- Exhibit 84: Schneider Electric SE - Key offerings
- Exhibit 85: Schneider Electric SE - Segment focus
- 11.11 Siemens AG
- Exhibit 86: Siemens AG - Overview
- Exhibit 87: Siemens AG - Business segments
- Exhibit 88: Siemens AG – Key news
- Exhibit 89: Siemens AG - Key offerings
- Exhibit 90: Siemens AG - Segment focus
- 11.12 Toshiba Corp.
- Exhibit 91: Toshiba Corp. - Overview
- Exhibit 92: Toshiba Corp. - Business segments
- Exhibit 93: Toshiba Corp. - Key offerings
- Exhibit 94: Toshiba Corp. - Segment focus
12 Appendix
- 12.2 Currency conversion rates for US$
- Exhibit 95: Currency conversion rates for US$
- 12.3 Research methodology
- Exhibit 96: Research Methodology
- Exhibit 97: Validation techniques employed for market sizing
- Exhibit 98: Information sources
- 12.4 List of abbreviations
- Exhibit 99: List of abbreviations
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Report: newsroom.technavio.com/news/demand-response-drmarket
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