The Global Market for Demand Response Enabling Technologies is Projected to Reach $475 Million by 2020

Ever Changing Electricity Demand Dynamics Drives the Market for Demand Response Technologies, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Demand Response (DR) market. The global market for Demand Response Enabling Technologies is projected to reach $475 million by 2020, driven by surging demand from utilities for an economic and eco-friendly resource for efficiently managing energy demand disruptions.

Demand Response (DR), also termed as demand-side response or load response, comprises a broad range of manual and automated initiatives offered to the consumer to modify electricity usage in reaction to electricity demand-supply imbalances or exceptionally high power-prices. Utilities leverage the power conserved through demand curtailment or displacement to meet a surge in electricity demand from a particular part of the grid. DR has evolved dynamically over the years from preventing blackouts and brownouts, and maintaining system reliability for utilities and grid operators to include price mitigation and provision of economic, emergency, peak hour management, and ancillary services. Various benefits offered by DR that is driving its steady adoption over the years, particularly in the United States, include diverting customer load reduction to resolve network congestion or stress in electrical grid; integrating intermittent supply from renewable energy and distributed generation resources; and enabling automation and integration of DR with the fast evolving smart grid.

Future growth in the market will be driven by surging demand for Automated Demand Response (Auto-DR) technologies; ongoing evolution and adoption of the smart grid phenomenon that is wielding huge impact on DR deployments; the growing prominence of smart electricity meter as the cornerstone of the ‘Connected Home’ or ‘Smart Home’; and the upcoming ‘Smart City’ phenomenon that is expected to generate large-scale demand for DR resources. Favourable government initiatives and the rapid penetration of Automated Metering Infrastructure (AMI) in utilities across the world; and the increasing role of ‘Cloud’ services in smart grid operations are poised to benefit market expansion in the near term. Rising demand from utilities for the economical, efficient, and eco-friendly DR resource for surviving energy demand disruptions is also driving healthy growth in global deployments of DR enabling technologies. The increased demand from utilities is attributed to mounting pressures on utility operators to step up and modernize their grid operations and improve distribution efficiency to suffice the growing demand from various end-use sectors including residential, commercial and industrial.

As stated by the new market research report on Demand Response (DR), the United States represents the largest market worldwide. Key factors driving market dominance of the country include stimulus funding and federal governmental policy guidance, regulations at State levels, changing economic dynamics of the nation’s utility industry at large, increasing role of DR in meeting the US government’s clean energy and climate goals, growing number of natural disasters that is questioning the resilience and reliability of the existing grid, and DR technology innovations, among others. Asia-Pacific represents the fastest growing market with a CAGR of 40% over the analysis period.

Key players covered in the report include Accenture plc, Aclara Technologies LLC, Comverge Inc., Computer Sciences Corp., CPower Corp., Eaton Corporation, Cooper Power Systems, LLC, EnerNOC, Inc., Honeywell International, Inc., Johnson Controls, Inc., Landis+Gyr, NRG Energy, Inc., Opower, Schneider Electric SA, Siemens AG, Silver Spring Networks, Tantalus Systems Inc., and Trilliant Holdings, Inc., among others.

The research report titled “Demand Response (DR): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic regions including the US, Europe, Asia-Pacific, and Rest of World. Major sectors analyzed for the global market include Residential, and Industrial & Commercial.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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