NEW YORK, Feb. 10, 2023 /PRNewswire/ -- According to Technavio, the demand response (DR) market will witness a YOY growth of 6.53% between 2022 and 2023. The report is segmented by product (hardware and software, and service), end-user (industrial, residential, and commercial), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The demand response (DR) market size is estimated to increase by USD 2,251.76 million at a CAGR of 6.81% from 2022 to 2027- Request a Sample Report.
Demand response (DR) market - Vendor insights
The global demand response (DR) market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors also adopt inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- AutoGrid Systems Inc.
- Cisco Systems Inc.
- Eaton Corp. Plc
- Encycle Corp.
- Enel Spa
- General Electric Co.
- Hitachi Ltd.
- Honeywell International Inc.
- Itron Inc.
- Johnson Controls International Plc.
- Landis Gyr AG
- Lockheed Martin Corp.
- LS Power Development LLC
- Mitsubishi Electric Corp.
- Oracle Corp.
- For Details on the vendor and its offerings – Buy the report!
Demand response (DR) market - Geographical analysis
North America will provide maximum growth opportunities in demand response during the forecast period. According to our research report, the region will contribute 60% of the global market growth and is expected to dominate the market through 2027. North America will generate growth across all the years of the forecast period between 2022 and 2027.
The US and Canada are the two major markets for demand response in North America. Demand Response (DR) programs aim to reduce energy consumption during peak hours by offering incentives to commercial facilities and end-users to reduce their energy usage. The US government and utility companies are promoting these programs to conserve energy and optimize its usage in commercial facilities. These factors are expected to drive demand for DR (Demand Response) in the US.
Know more about this market's geographical distribution along with a detailed analysis of the top regions: https://www.technavio.com/report/demand-response-market-industry-analysis
Demand response (DR) market - Key segment analysis
The demand response (DR) market share growth by the hardware and software segment will be significant during the forecast period. An effective DR system consists of both hardware and software components and helps consumers manage the gap between demand and supply. Advanced software with computing capabilities and analytics tools is becoming increasingly important to accurately predict energy utilization and minimize the risk of inaccuracies. These tools will integrate IoT, Big Data, and cloud computing to provide enhanced data processing capabilities to DR programs. The hardware and software vendors are investing in R&D to provide sophisticated solutions to end-users. The adoption of IoT in industrial and commercial sectors is also expected to drive growth in the global DR market for hardware and software during the forecast period.
Download a Sample to obtain additional highlights and key points on various market segments and their impact in coming years.
Demand response (DR) market - Key market drivers & challenges:
The increasing gap between electricity supply and demand is driving the market growth. The increasing urbanization and population worldwide are leading to a growing demand for electricity and creating a mismatch between supply and demand. Shortages of coal are affecting electricity generation, leading to further shortages in electricity supply.
Moreover, the growth of variable generation resources such as solar and wind energy is causing a higher proportion of non-dispatchable resources in the system. This requires transmission and distribution systems to have tools and resources to maintain reliability, such as DR (Demand Response). DR helps increase the system's overall flexibility and can be used to balance areas, increase the ramping capability of the generation fleet, leverage dispatchable demand resources, insert power flow controllers, and increase energy storage. These factors are expected to drive growth in the DR market during the forecast period. However, the threat of hacking is a major challenge to the growth of the DR market during the forecast period
Download a sample for highlights on market drivers & challenges affecting the demand response (DR) market.
What are the key data covered in this demand response (DR) market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the demand response (DR) market between 2023 and 2027
- Precise estimation of the size of the demand response (DR) market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the demand response (DR) market across APAC, North America, Europe, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of demand response (DR) market vendors
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Demand Response (DR) Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.81% |
Market growth 2023-2027 |
USD 2,251.76 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.53 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 60% |
Key countries |
US, Canada, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., AutoGrid Systems Inc., Cisco Systems Inc., Eaton Corp. Plc, Encycle Corp., Enel Spa, General Electric Co., Hitachi Ltd., Honeywell International Inc., Itron Inc., Johnson Controls International Plc., Landis Gyr AG, Lockheed Martin Corp., LS Power Development LLC, Mitsubishi Electric Corp., Oracle Corp., Schneider Electric SE, Siemens AG, Toshiba Corp., and ALSTOM SA |
Market dynamics |
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment 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. |
Browse for Technavio "Utilities" Research Reports
Table Of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global demand response (DR) market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global demand response (DR) market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Hardware and software - Market size and forecast 2022-2027
- Exhibit 34: Chart on Hardware and software - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Hardware and software - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Hardware and software - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Hardware and software - Year-over-year growth 2022-2027 (%)
- 6.4 Service - Market size and forecast 2022-2027
- Exhibit 38: Chart on Service - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Service - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Service - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Service - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Product
- Exhibit 42: Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 45: Chart on Comparison by End-user
- Exhibit 46: Data Table on Comparison by End-user
- 7.3 Industrial - Market size and forecast 2022-2027
- Exhibit 47: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
- 7.4 Residential - Market size and forecast 2022-2027
- Exhibit 51: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 7.5 Commercial - Market size and forecast 2022-2027
- Exhibit 55: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by End-user
- Exhibit 59: Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 Canada - Market size and forecast 2022-2027
- Exhibit 89: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.10 UK - Market size and forecast 2022-2027
- Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 109: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 110: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 112: ABB Ltd. - Overview
- Exhibit 113: ABB Ltd. - Business segments
- Exhibit 114: ABB Ltd. - Key offerings
- Exhibit 115: ABB Ltd. - Segment focus
- 12.4 Cisco Systems Inc.
- Exhibit 116: Cisco Systems Inc. - Overview
- Exhibit 117: Cisco Systems Inc. - Business segments
- Exhibit 118: Cisco Systems Inc. - Key news
- Exhibit 119: Cisco Systems Inc. - Key offerings
- Exhibit 120: Cisco Systems Inc. - Segment focus
- 12.5 Eaton Corp. Plc
- Exhibit 121: Eaton Corp. Plc - Overview
- Exhibit 122: Eaton Corp. Plc - Business segments
- Exhibit 123: Eaton Corp. Plc - Key news
- Exhibit 124: Eaton Corp. Plc - Key offerings
- Exhibit 125: Eaton Corp. Plc - Segment focus
- 12.6 Enel Spa
- Exhibit 126: Enel Spa - Overview
- Exhibit 127: Enel Spa - Business segments
- Exhibit 128: Enel Spa - Key offerings
- Exhibit 129: Enel Spa - Segment focus
- 12.7 General Electric Co.
- Exhibit 130: General Electric Co. - Overview
- Exhibit 131: General Electric Co. - Business segments
- Exhibit 132: General Electric Co. - Key news
- Exhibit 133: General Electric Co. - Key offerings
- Exhibit 134: General Electric Co. - Segment focus
- 12.8 Hitachi Ltd.
- Exhibit 135: Hitachi Ltd. - Overview
- Exhibit 136: Hitachi Ltd. - Business segments
- Exhibit 137: Hitachi Ltd. - Key news
- Exhibit 138: Hitachi Ltd. - Key offerings
- Exhibit 139: Hitachi Ltd. - Segment focus
- 12.9 Honeywell International Inc.
- Exhibit 140: Honeywell International Inc. - Overview
- Exhibit 141: Honeywell International Inc. - Business segments
- Exhibit 142: Honeywell International Inc. - Key news
- Exhibit 143: Honeywell International Inc. - Key offerings
- Exhibit 144: Honeywell International Inc. - Segment focus
- 12.10 Itron Inc.
- Exhibit 145: Itron Inc. - Overview
- Exhibit 146: Itron Inc. - Business segments
- Exhibit 147: Itron Inc. - Key offerings
- Exhibit 148: Itron Inc. - Segment focus
- 12.11 Johnson Controls International Plc.
- Exhibit 149: Johnson Controls International Plc. - Overview
- Exhibit 150: Johnson Controls International Plc. - Business segments
- Exhibit 151: Johnson Controls International Plc. - Key news
- Exhibit 152: Johnson Controls International Plc. - Key offerings
- Exhibit 153: Johnson Controls International Plc. - Segment focus
- 12.12 LS Power Development LLC
- Exhibit 154: LS Power Development LLC - Overview
- Exhibit 155: LS Power Development LLC - Product / Service
- Exhibit 156: LS Power Development LLC - Key offerings
- 12.13 Mitsubishi Electric Corp.
- Exhibit 157: Mitsubishi Electric Corp. - Overview
- Exhibit 158: Mitsubishi Electric Corp. - Business segments
- Exhibit 159: Mitsubishi Electric Corp. - Key news
- Exhibit 160: Mitsubishi Electric Corp. - Key offerings
- Exhibit 161: Mitsubishi Electric Corp. - Segment focus
- 12.14 Oracle Corp.
- Exhibit 162: Oracle Corp. - Overview
- Exhibit 163: Oracle Corp. - Business segments
- Exhibit 164: Oracle Corp. - Key news
- Exhibit 165: Oracle Corp. - Key offerings
- Exhibit 166: Oracle Corp. - Segment focus
- 12.15 Schneider Electric SE
- Exhibit 167: Schneider Electric SE - Overview
- Exhibit 168: Schneider Electric SE - Business segments
- Exhibit 169: Schneider Electric SE - Key news
- Exhibit 170: Schneider Electric SE - Key offerings
- Exhibit 171: Schneider Electric SE - Segment focus
- 12.16 Siemens AG
- Exhibit 172: Siemens AG - Overview
- Exhibit 173: Siemens AG - Business segments
- Exhibit 174: Siemens AG - Key news
- Exhibit 175: Siemens AG - Key offerings
- Exhibit 176: Siemens AG - Segment focus
- 12.17 Toshiba Corp.
- Exhibit 177: Toshiba Corp. - Overview
- Exhibit 178: Toshiba Corp. - Business segments
- Exhibit 179: Toshiba Corp. - Key offerings
- Exhibit 180: Toshiba Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 181: Inclusions checklist
- Exhibit 182: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 183: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 184: Research methodology
- Exhibit 185: Validation techniques employed for market sizing
- Exhibit 186: Information sources
- 13.5 List of abbreviations
- Exhibit 187: List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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