Demand Response Management System Market

Demand Response Management System Market by System Types (Conventional Demand Response and Automated Demand Response), Applications (Agriculture, Manufacturing, Commercial buildings, Energy and Power, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast to 2028

  • Report ID: ICT-SE-845
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 142
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The global demand response management system market is anticipated to expand at a CAGR of 7.1% during the forecast period, 2021 – 2028. The growth of the market is attributed to energy price volatility and growing smart grid roll-outs across the globe.

Demand response management system (DRMS) is one of the peak load management tools, which hep in reducing the imbalance between energy supply and demand. Demand response (DR) and energy efficiency (EE) collectively help in demand-side management (DSM) of energy that encourages consumers to modify their levels and patterns of electricity consumption. This also improves the grid reliability.

DRMS is a software application that permits utilities to cope all features of the DR programs with the help of an integrated system. It is scalable and can support hundreds of thousands of endpoints per customer class. This application secures web-based interface and allows access from multiple locations with role-based access and full auditing of system activities. The collaborative customer portal enhances performance by presenting consumers with their historical data and real-time feedback during demand response events.

DR is interpreted as a voluntary PJM energy program. The program compensates retail customers for minimizing their electricity load. This occurs during high power costs or when a grids reliability is threatened. DR management helps consumers unlock their DR prospects with their current assets. Retailers can provide new solutions and enhance consumer loyalty and ensure satisfaction. This program enables electricity suppliers to introduce alternative measures to source power and avoid making huge investments in the peaking power plants.

Global Demand Response Management System Market Summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing grid modernization and transitioning toward the smart grid technology are expected to boost the demand response management system market.
  • Rising awareness and adoption of automated DRMS by utilities and customers is expected to propel the market growth.
  • Growing data privacy concerns as there is a threat of hacking or extracting data related to the end-users from vendors can hinder the market.
  • High initial installation cost of devices can hamper the market growth.
  • Ongoing development in DRMS for efficient energy conservation is excepted to positive impact the market growth.
  • The trend of Industrial 4.0 and integration of smart technologies in the existing grid structure can create lucrative opportunities in the coming years.

Scope of the Report

The report on the global demand response management system market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Demand Response Management System - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

System Type (Conventional Demand Response, and Automated Demand Response) and Applications (Agriculture, Manufacturing, Commercial buildings, Energy and Power, and Others)

Regional Scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 ABB Ltd, Schneider Electric SE, Siemens AG, General Electric Company, and Enel SpA.

 

Global Demand response management system Market Segment Insights

Automated demand response segment to hold a major market share
Based on system types, the market is divided into conventional demand response and automated demand response. The automated demand response management system segment is anticipated to account for a major market share during the forecast period owing to the fact that automated demand response is conventional on advanced metering infrastructure (AMI) that aids in building a unified integrated network between customers participating in the DR program.

Global Demand Response Management System Market By System Type

Manufacturing to account a considerable market share.
Based on applications, the global demand response management system market is segregated into agriculture, manufacturing, commercial buildings, energy and power, and others. The manufacturing segment is anticipated to account for a major market share owing to heavy consumption of electricity in the industrial sector. Rapid industrialization is anticipated to drive the segment growth.

Global Demand Response Management System Market By Application

The market in Asia Pacific to exhibit a high CAGR
Based on regions, the global demand response management system market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to exhibit a high CAGR during the forecast period. Growing industrialization and urbanization in emerging countries such as India and China is driving the growth of the market in the region.

Global Demand Response Management System Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Demand Response Management System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Demand Response Management System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Demand Response Management System Market - Supply Chain
  4.5. Global Demand Response Management System Market Forecast
     4.5.1. Demand Response Management System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Demand Response Management System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Demand Response Management System Market Absolute $ Opportunity
5. Global Demand Response Management System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Demand Response Management System Market Size and Volume Forecast by Types
     5.3.1. Conventional Demand Response
     5.3.2. Automated Demand Response
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Demand Response Management System Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Demand Response Management System Market Size and Volume Forecast by Applications
     6.3.1. Agriculture
     6.3.2. Manufacturing
     6.3.3. Commercial buildings
     6.3.4. Energy and Power
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Demand Response Management System Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Demand Response Management System Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Demand Response Management System Demand Share Forecast, 2019-2026
8. North America Demand Response Management System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Demand Response Management System Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Demand Response Management System Market Size and Volume Forecast by Types
     8.4.1. Conventional Demand Response
     8.4.2. Automated Demand Response
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Demand Response Management System Market Size and Volume Forecast by Applications
     8.7.1. Agriculture
     8.7.2. Manufacturing
     8.7.3. Commercial buildings
     8.7.4. Energy and Power
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Demand Response Management System Demand Share Forecast, 2019-2026
9. Latin America Demand Response Management System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Demand Response Management System Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Demand Response Management System Market Size and Volume Forecast by Types
     9.4.1. Conventional Demand Response
     9.4.2. Automated Demand Response
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Demand Response Management System Market Size and Volume Forecast by Applications
     9.7.1. Agriculture
     9.7.2. Manufacturing
     9.7.3. Commercial buildings
     9.7.4. Energy and Power
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Demand Response Management System Demand Share Forecast, 2019-2026
10. Europe Demand Response Management System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Demand Response Management System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Demand Response Management System Market Size and Volume Forecast by Types
     10.4.1. Conventional Demand Response
     10.4.2. Automated Demand Response
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Demand Response Management System Market Size and Volume Forecast by Applications
     10.7.1. Agriculture
     10.7.2. Manufacturing
     10.7.3. Commercial buildings
     10.7.4. Energy and Power
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Demand Response Management System Demand Share Forecast, 2019-2026
11. Asia Pacific Demand Response Management System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Demand Response Management System Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Demand Response Management System Market Size and Volume Forecast by Types
     11.4.1. Conventional Demand Response
     11.4.2. Automated Demand Response
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Demand Response Management System Market Size and Volume Forecast by Applications
     11.7.1. Agriculture
     11.7.2. Manufacturing
     11.7.3. Commercial buildings
     11.7.4. Energy and Power
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Demand Response Management System Demand Share Forecast, 2019-2026
12. Middle East & Africa Demand Response Management System Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Demand Response Management System Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Demand Response Management System Market Size and Volume Forecast by Types
     12.4.1. Conventional Demand Response
     12.4.2. Automated Demand Response
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Demand Response Management System Market Size and Volume Forecast by Applications
     12.7.1. Agriculture
     12.7.2. Manufacturing
     12.7.3. Commercial buildings
     12.7.4. Energy and Power
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Demand Response Management System Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Demand Response Management System Market: Market Share Analysis
  13.2. Demand Response Management System Distributors and Customers
  13.3. Demand Response Management System Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. ABB Ltd
     13.4.2. Schneider Electric SE
     13.4.3. Siemens AG
     13.4.4. General Electric Company
     13.4.5. Enel SpA
Segments Covered in the Report
The global demand response management system market has been segmented on the basis of

System Types
  • Conventional Demand Response
  • Automated Demand Response
Applications
  • Agriculture
  • Manufacturing
  • Commercial buildings
  • Energy and Power
  • Others
Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • ABB Ltd
  • Schneider Electric SE
  • Siemens AG
  • General Electric Company
  • Enel SpA

The key players operating in the global demand response management system market includes ABB Ltd, Schneider Electric SE, Siemens AG, General Electric Company, and Enel SpA.

Global Demand Response Management System Market By Key Players

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