Global Smart Demand Response Market, By Application (Residential, Commercial, Industrial) and opportunities and forecast 2020-2027
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
*Similar details will be provided for the following companies
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.
List of Figures
Figure 1: Global Smart Demand Response Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Smart Demand Response Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Smart Demand Response Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Smart Demand Response Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Smart Demand Response Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Smart Demand Response Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Smart Demand Response Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Smart Demand Response Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Smart Demand Response Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Smart Demand Response Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Smart Demand Response Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Smart Demand Response Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Smart Demand Response Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Smart Demand Response Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Smart Demand Response Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Smart Demand Response Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Smart Demand Response Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Smart Demand Response Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Smart Demand Response Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Smart Demand Response Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Smart Demand Response Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Smart Demand Response Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Smart Demand Response Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Smart Demand Response Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Smart Demand Response Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Smart Demand Response Market Revenue (USD Billion) Forecast, by Country, 2016-2027
