Smart Demand Response Market Overview
Growing demand for power supplemented by capacity constraints is projected to boost growth in the global smart demand response market. The introduction of smart grid technologies such as smart meters and communication systems is probable to expand growth in the global smart demand response market.
Burgeoning power demand propels the adoption of demand response programs. Growing demand for power supplemented by capacity constraints is projected to boost growth in the global smart demand response market.
On the other hand, the high cost of technology and equipment and limited customer awareness of demand response programs can restrain the market’s growth. However, technological advancements and developments by top market players are expected to enhance the growth of the market.
Smart Demand Response Market Segment Overview
The residential segment is one of the fastest-growing segments. The introduction of smart meters and communication technology is likely to allow utilities to control residential loads. For residential customers, DR programs involve direct load control of the larger appliances at home. which includes water heaters, pool pumps, and air conditioning systems. Thus, considering the above-mentioned factor is expected to expand the market’s growth in the residential segment. Profitable financial incentives for the commercial and industrial segments are anticipated to record significant growth in these segments.
Smart Demand Response Market Regional Overview
North America was dominated the global smart demand response market followed by Europe and the Asia Pacific. Electricity markets are identifying the need for demand response programs to manage scheduled or emergency downtime for power plants. In addition, demand response is also recognized as a mechanism to mitigate higher wholesale prices and lower overall grid costs in this region. Thus, Considering the aforementioned factors are likely to drive growth in North America’s smart demand response market. The market in Europe is expected to show noteworthy growth due to expected regulatory support through a change in the demand response policies. The Asia Pacific is expected to grow at the highest rates in the future. Owing to bigger adoption of demand response in the Asia Pacific is projected to drive growth in the market.
Smart Demand Response Market Competitor overview
Ø July 2016, developed in its Building Automation & HVAC Centre in Montreal, Schneider Electric announced its Wiser Air Wi-Fi smart thermostat—featuring the new Eco IQ self-learning feature—is now available across Canada.
Ø April 2014, Honeywell has announced a two- year program with CPS Energy in San Antonio, Texas. The utility will use automated demand response (ADR) technology and services from Honeywell to connect and collaborate with commercial and industrial customers, and adjust electricity consumption when the demand for energy peaks.
Smart Demand Response Market, Key Players
· Honeywell International, Inc.
· EnerNOC, Inc.
· Eaton Corporation PLC.
· Landis+Gyr
· Itron, Inc.
· Schneider Electric
· General Electric
· Siemens AG Johnsons Control, Inc.
· BB
· Comverge, Inc.
· Opower, Inc.
Smart Demand Response Market Segmentation
Smart Demand Response Market, By Application
· Residential
· Commercial
· Industrial
Smart Demand Response market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Residential
- 5.2.2. Commercial
- 5.2.3. Industrial
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Latin America
- 5.3.3. Europe
- 5.3.4. Asia Pacific
- 5.3.5. Middle East and Africa
6. North America Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Residential
- 6.2.2. Commercial
- 6.2.3. Industrial
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Latin America Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
- 7.3. Insights and Forecast – By Country
- 7.3.1. Brazil
- 7.3.2. Mexico
- 7.3.3. Rest of Latin America
8. Europe Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Industrial
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. UK
- 8.3.2. Germany
- 8.3.3. France
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
9. Asia Pacific Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Residential
- 9.2.2. Commercial
- 9.2.3. Industrial
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. China
- 9.3.2. India
- 9.3.3. Japan
- 9.3.4. Australia
- 9.3.5. South East Asia
- 9.3.6. Rest of Asia Pacific
10. Middle East & Africa Smart Demand Response Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Application
- 10.2.1. Residential
- 10.2.2. Commercial
- 10.2.3. Industrial
- 10.3. Market Analysis, Insights and Forecast – By Country
- 10.3.1. GCC
- 10.3.2. South Africa
- 10.3.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Honeywell International, Inc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. EnerNOC, Inc.
- 11.6. Eaton Corporation PLC.
- 11.7. Landis+Gyr
- 11.8. Itron, Inc.
- 11.9. Schneider Electric
- 11.10. General Electric
- 11.11. Siemens AG Johnsons Control, Inc.
- 11.12. ABB
- 11.13. Comverge, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
