New York, Sept. 04, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Demand Response Management Systems (DRMS) Industry" - https://www.reportlinker.com/p05561817/?utm_source=GNW
8 Billion in the year 2020, is projected to reach a revised size of US$13.9 Billion by 2027, growing at a CAGR of 16.4% over the analysis period 2020-2027. Industrial, one of the segments analyzed in the report, is projected to record a 15.2% CAGR and reach US$7.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Residential segment is readjusted to a revised 20.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 15.7% CAGR
The Demand Response Management Systems (DRMS) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 15.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 14.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.
Commercial Segment to Record 13.5% CAGR
In the global Commercial segment, USA, Canada, Japan, China and Europe will drive the 13.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$754.4 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027.We bring years of research experience to this 17th edition of our report. The 200-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- ABB Limited
- Accenture plc
- Aclara Technologies LLC
- Ameresco, Inc.
- AutoGrid Systems, Inc.
- Comverge Inc.
- CPower, Inc.
- Elster Group SE
- EnerNOC, Inc.
- General Electric Company
- Honeywell International, Inc.
- Itron, Inc.
- Johnson Controls International Plc
- Landis+Gyr AG
- Lockheed Martin Corporation
- NRG Energy, Inc.
- Open Access Technology International, Inc. (OATI)
- OPOWER, Inc.
- Schneider Electric S.E.
- Siemens AG
- Silver Spring Networks, Inc.
- Tantalus Systems Corp.
- Trilliant Holdings, Inc.
Read the full report: https://www.reportlinker.com/p05561817/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Demand Response: An Essential Tool for Supporting Economic,
Eco-Friendly and Efficient Optimization of Power Generation
and Distribution
Growth Drivers in a Nutshell
Recent Market Activity
Technology Disruptions in the Global Electric Power Industry:
The Fundamental Growth Driver
Next-Generation Technology to Favor Energy Saving & Efficiency
Efforts
Demand Response Garners Increasing Significance
Myriad Economic and Operational Benefits Drive Widespread
Market Adoption
ADR Programs: Benefits
Important Considerations for Implementing ADR Programs
Global Market Outlook
The United States Dominates the Global Demand Response Market
Favorable Policy Changes and Expanding Renewables Portfolio
Drives Growth in Europe
Asia-Pacific to Turbo Charge Current and Future Market Growth
Pockets of Growth Emerging in the Middle East,Latin America,
and Africa
Global Competitor Market Shares
Demand Response Management Systems (DRMS) Competitor Market
Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
ABB Limited (Switzerland)
Accenture plc (Ireland)
Aclara Technologies LLC (USA)
Ameresco, Inc. (USA)
AutoGrid Systems, Inc. (USA)
Comverge Inc. (USA)
CPower, Inc. (USA)
Direct Energy, LP (USA)
DXC Technology Company (USA)
Eaton Corporation plc (Ireland)
Cooper Industries plc (Ireland)
EnerNOC, Inc. (USA)
General Electric Company (USA)
Honeywell International, Inc. (USA)
Elster Group SE (Germany)
Itron, Inc. (USA)
Silver Spring Networks, Inc. (USA)
Johnson Controls International Plc (Ireland)
Landis+Gyr AG (Switzerland)
Lockheed Martin Corporation (USA)
Nexant, Inc. (USA)
NRG Energy, Inc. (USA)
Open Access Technology International, Inc. (OATI) (USA)
OPOWER, Inc. (USA)
Schneider Electric S.E. (France)
Siemens AG (Germany)
Tantalus Systems Corp. (Canada)
Trilliant Holdings, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Need for Newer DR Models for Replacing Manual Energy
Curtailments Drive Strong Demand for Auto-DR (ADR)
Technologies
Advanced Demand Response 3.0: The Future of DR
DR 1.0 to DR 3.0: Tracing the Progression of DR
Integration of Internet of Things (IoT) with Demand Response
Drive the Evolution of Connected Utilities
Sub-Greedient: The IoT-Based DR Approach
Growing Prominence of Smart Homes and Smart Cities of the
Future Necessitates Adoption of DRMS
Integration of Smart Buildings into Smart Grids Using ADR
Growing Use of Big Data Analytics by Utilities Benefit
Prospects for Analytical and Behavioral DSM
DR Offers Immense Potential in Curtailing Unnecessary
Expenditure on New Distribution Grid Infrastructure
Enhancing Profitability of DR on the Small-Scale
Surging Demand for DRMS from Electric Utilities Worldwide
Benefit Market Expansion
Ever Changing Electricity Demand Dynamics Compel Utilities to
Adopt DRMS
Key Energy Trends
Utility and Grid Operator Leverage DR Resources for Stabilizing
Electricity Supply
DR Reduces Investment into New Power Generation and Grid
Infrastructure
DR Provides Opportunities for Differentiation in Service Offerings
DR Ropes in Consumers into the Power Price Formation Process
DR Innovations & Advancements: Spearheading Market Growth
Innovative Demand Response and Power Management Concept
Smart Thermostats and BYOT DR Programs
Behind-the-Meter Batteries to Find Application in Demand Response
Cloud Computing and Big Data Analytics: Key Game Changers for
the DR Market
OPower?s Device Agnostic Cloud Based Behavioral Demand Response
(BDR) Service
Attractive Incentives for Electricity-usage Curtailments Drive
Strong Penetration in Industrial, Commercial, and Residential
Sectors
Demand for Commercial and Industrial (C&I) Demand Response (DR)
Register Robust Growth
Commercial Buildings Offer Huge Untapped Market Potential for
Demand Response
Residential Sector to Exhibit Fastest Growth in the Near Term
Stringent Government Carbon and Climate-Change Policies and
Laws Benefit DRMS Deployments
The Inevitable Shift to Intermittent Renewable Sources of
Energy Drives Demand for DRMS
DRMS Remain a Vital Computing Platform for Enhancing Operation
of Smart Grids
Smart Grid Landscape: List of Components & Systems for Power T&
D Infrastructure, Communication Network, and Computing
Platform
Increasing Establishment of Microgrids to Spur Demand for DRMS
Multiple Benefits Drive Increasing Participation of Load
Aggregators in the DR Market
Load Aggregators Enable Effective Matching of Customer
Requirements and Utility Capability
Reduce Performance Risk
Customer Education and Training
Development of Open Standards Critical for Boosting DR Adoption
Favorable Demographic & Urbanization Trends Strengthen Market
Prospects
4. GLOBAL MARKET PERSPECTIVE
Table 1: Demand Response Management Systems (DRMS) Global
Market Estimates and Forecasts in US$ Thousand by
Region/Country: 2020-2027
Table 2: Demand Response Management Systems (DRMS) Market Share
Shift across Key Geographies Worldwide: 2020 VS 2027
Table 3: Industrial (Sector) World Market by Region/Country in
US$ Thousand: 2020 to 2027
Table 4: Industrial (Sector) Market Share Breakdown of
Worldwide Sales by Region/Country: 2020 VS 2027
Table 5: Residential (Sector) Potential Growth Markets
Worldwide in US$ Thousand: 2020 to 2027
Table 6: Residential (Sector) Market Sales Breakdown by
Region/Country in Percentage: 2020 VS 2027
Table 7: Commercial (Sector) Geographic Market Spread Worldwide
in US$ Thousand: 2020 to 2027
Table 8: Commercial (Sector) Market Share Distribution in
Percentage by Region/Country: 2020 VS 2027
Table 9: Conventional (Technology Type) World Market Estimates
and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
Table 10: Conventional (Technology Type) Market Share Breakdown
by Region/Country: 2020 VS 2027
Table 11: Automated (Technology Type) World Market by
Region/Country in US$ Thousand: 2020 to 2027
Table 12: Automated (Technology Type) Market Share Distribution
in Percentage by Region/Country: 2020 VS 2027
Table 13: Hardware (Component) World Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2020 to 2027
Table 14: Hardware (Component) Market Percentage Share
Distribution by Region/Country: 2020 VS 2027
Table 15: Software (Component) Market Opportunity Analysis
Worldwide in US$ Thousand by Region/Country: 2020 to 2027
Table 16: Software (Component) Market Share Distribution in
Percentage by Region/Country: 2020 VS 2027
Table 17: Services (Component) World Market by Region/Country
in US$ Thousand: 2020 to 2027
Table 18: Services (Component) Market Share Breakdown of
Worldwide Sales by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Demand Response Management Systems (DRMS) Market Share
(in %) by Company: 2020 & 2025
Market Analytics
Table 19: United States Demand Response Management Systems
(DRMS) Market Estimates and Projections in US$ Thousand by
Sector: 2020 to 2027
Table 20: United States Demand Response Management Systems
(DRMS) Market Share Breakdown by Sector: 2020 VS 2027
Table 21: United States Demand Response Management Systems
(DRMS) Market Estimates and Projections in US$ Thousand by
Technology Type: 2020 to 2027
Table 22: United States Demand Response Management Systems
(DRMS) Market Share Breakdown by Technology Type: 2020 VS 2027
Table 23: United States Demand Response Management Systems
(DRMS) Market Estimates and Projections in US$ Thousand by
Component: 2020 to 2027
Table 24: United States Demand Response Management Systems
(DRMS) Market Share Breakdown by Component: 2020 VS 2027
CANADA
Table 25: Canadian Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Sector: 2020
to 2027
Table 26: Demand Response Management Systems (DRMS) Market in
Canada: Percentage Share Breakdown of Sales by Sector for 2020
and 2027
Table 27: Canadian Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Technology
Type: 2020 to 2027
Table 28: Demand Response Management Systems (DRMS) Market in
Canada: Percentage Share Breakdown of Sales by Technology Type
for 2020 and 2027
Table 29: Canadian Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Component:
2020 to 2027
Table 30: Demand Response Management Systems (DRMS) Market in
Canada: Percentage Share Breakdown of Sales by Component for
2020 and 2027
JAPAN
Table 31: Japanese Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Sector for the Period 2020-2027
Table 32: Japanese Demand Response Management Systems (DRMS)
Market Share Analysis by Sector: 2020 VS 2027
Table 33: Japanese Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Technology Type for the Period 2020-2027
Table 34: Japanese Demand Response Management Systems (DRMS)
Market Share Analysis by Technology Type: 2020 VS 2027
Table 35: Japanese Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Component for the Period 2020-2027
Table 36: Japanese Demand Response Management Systems (DRMS)
Market Share Analysis by Component: 2020 VS 2027
CHINA
Table 37: Chinese Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Sector for the
Period 2020-2027
Table 38: Chinese Demand Response Management Systems (DRMS)
Market by Sector: Percentage Breakdown of Sales for 2020 and
2027
Table 39: Chinese Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Technology Type for
the Period 2020-2027
Table 40: Chinese Demand Response Management Systems (DRMS)
Market by Technology Type: Percentage Breakdown of Sales for
2020 and 2027
Table 41: Chinese Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Component for the
Period 2020-2027
Table 42: Chinese Demand Response Management Systems (DRMS)
Market by Component: Percentage Breakdown of Sales for 2020 and
2027
EUROPE
Market Facts & Figures
European Demand Response Management Systems (DRMS) Market:
Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 43: European Demand Response Management Systems (DRMS)
Market Demand Scenario in US$ Thousand by Region/Country:
2018-2025
Table 44: European Demand Response Management Systems (DRMS)
Market Share Shift by Region/Country: 2020 VS 2027
Table 45: European Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Sector:
2020-2027
Table 46: European Demand Response Management Systems (DRMS)
Market Share Breakdown by Sector: 2020 VS 2027
Table 47: European Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Technology
Type: 2020-2027
Table 48: European Demand Response Management Systems (DRMS)
Market Share Breakdown by Technology Type: 2020 VS 2027
Table 49: European Demand Response Management Systems (DRMS)
Market Estimates and Forecasts in US$ Thousand by Component:
2020-2027
Table 50: European Demand Response Management Systems (DRMS)
Market Share Breakdown by Component: 2020 VS 2027
FRANCE
Table 51: Demand Response Management Systems (DRMS) Market in
France by Sector: Estimates and Projections in US$ Thousand for
the Period 2020-2027
Table 52: French Demand Response Management Systems (DRMS)
Market Share Analysis by Sector: 2020 VS 2027
Table 53: Demand Response Management Systems (DRMS) Market in
France by Technology Type: Estimates and Projections in US$
Thousand for the Period 2020-2027
Table 54: French Demand Response Management Systems (DRMS)
Market Share Analysis by Technology Type: 2020 VS 2027
Table 55: Demand Response Management Systems (DRMS) Market in
France by Component: Estimates and Projections in US$ Thousand
for the Period 2020-2027
Table 56: French Demand Response Management Systems (DRMS)
Market Share Analysis by Component: 2020 VS 2027
GERMANY
Table 57: Demand Response Management Systems (DRMS) Market in
Germany: Recent Past, Current and Future Analysis in US$
Thousand by Sector for the Period 2020-2027
Table 58: German Demand Response Management Systems (DRMS)
Market Share Breakdown by Sector: 2020 VS 2027
Table 59: Demand Response Management Systems (DRMS) Market in
Germany: Recent Past, Current and Future Analysis in US$
Thousand by Technology Type for the Period 2020-2027
Table 60: German Demand Response Management Systems (DRMS)
Market Share Breakdown by Technology Type: 2020 VS 2027
Table 61: Demand Response Management Systems (DRMS) Market in
Germany: Recent Past, Current and Future Analysis in US$
Thousand by Component for the Period 2020-2027
Table 62: German Demand Response Management Systems (DRMS)
Market Share Breakdown by Component: 2020 VS 2027
ITALY
Table 63: Italian Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Sector for the
Period 2020-2027
Table 64: Italian Demand Response Management Systems (DRMS)
Market by Sector: Percentage Breakdown of Sales for 2020 and
2027
Table 65: Italian Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Technology Type for
the Period 2020-2027
Table 66: Italian Demand Response Management Systems (DRMS)
Market by Technology Type: Percentage Breakdown of Sales for
2020 and 2027
Table 67: Italian Demand Response Management Systems (DRMS)
Market Growth Prospects in US$ Thousand by Component for the
Period 2020-2027
Table 68: Italian Demand Response Management Systems (DRMS)
Market by Component: Percentage Breakdown of Sales for 2020 and
2027
UNITED KINGDOM
Table 69: United Kingdom Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Sector for the Period 2020-2027
Table 70: United Kingdom Demand Response Management Systems
(DRMS) Market Share Analysis by Sector: 2020 VS 2027
Table 71: United Kingdom Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Technology Type for the Period 2020-2027
Table 72: United Kingdom Demand Response Management Systems
(DRMS) Market Share Analysis by Technology Type: 2020 VS 2027
Table 73: United Kingdom Market for Demand Response Management
Systems (DRMS): Annual Sales Estimates and Projections in US$
Thousand by Component for the Period 2020-2027
Table 74: United Kingdom Demand Response Management Systems
(DRMS) Market Share Analysis by Component: 2020 VS 2027
REST OF EUROPE
Table 75: Rest of Europe Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Sector: 2020-2027
Table 76: Rest of Europe Demand Response Management Systems
(DRMS) Market Share Breakdown by Sector: 2020 VS 2027
Table 77: Rest of Europe Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Technology Type: 2020-2027
Table 78: Rest of Europe Demand Response Management Systems
(DRMS) Market Share Breakdown by Technology Type: 2020 VS 2027
Table 79: Rest of Europe Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Component: 2020-2027
Table 80: Rest of Europe Demand Response Management Systems
(DRMS) Market Share Breakdown by Component: 2020 VS 2027
ASIA-PACIFIC
Table 81: Demand Response Management Systems (DRMS) Market in
Asia-Pacific by Sector: Estimates and Projections in US$
Thousand for the Period 2020-2027
Table 82: Asia-Pacific Demand Response Management Systems
(DRMS) Market Share Analysis by Sector: 2020 VS 2027
Table 83: Demand Response Management Systems (DRMS) Market in
Asia-Pacific by Technology Type: Estimates and Projections in
US$ Thousand for the Period 2020-2027
Table 84: Asia-Pacific Demand Response Management Systems
(DRMS) Market Share Analysis by Technology Type: 2020 VS 2027
Table 85: Demand Response Management Systems (DRMS) Market in
Asia-Pacific by Component: Estimates and Projections in US$
Thousand for the Period 2020-2027
Table 86: Asia-Pacific Demand Response Management Systems
(DRMS) Market Share Analysis by Component: 2020 VS 2027
REST OF WORLD
Table 87: Rest of World Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Sector: 2020 to 2027
Table 88: Demand Response Management Systems (DRMS) Market in
Rest of World: Percentage Share Breakdown of Sales by Sector
for 2020 and 2027
Table 89: Rest of World Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Technology Type: 2020 to 2027
Table 90: Demand Response Management Systems (DRMS) Market in
Rest of World: Percentage Share Breakdown of Sales by
Technology Type for 2020 and 2027
Table 91: Rest of World Demand Response Management Systems
(DRMS) Market Estimates and Forecasts in US$ Thousand by
Component: 2020 to 2027
Table 92: Demand Response Management Systems (DRMS) Market in
Rest of World: Percentage Share Breakdown of Sales by Component
for 2020 and 2027
IV. COMPETITION
Total Companies Profiled: 70
Read the full report: https://www.reportlinker.com/p05561817/?utm_source=GNW
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