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Global Smart Demand Response Market Opportunities and Forecast 2020-2027

  • DLR2346
  • 16 September, 2021
  • Technology & Media
  • Pages: 120
  • Global
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

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