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Smart Grid

PUBLISHER: Grand View Research | PRODUCT CODE: 1375916

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PUBLISHER: Grand View Research | PRODUCT CODE: 1375916

Smart Demand Response Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2023 - 2030

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Description

Table of Contents

List of Tables

Smart Demand Response Market Growth & Trends:

The global smart demand response market size is expected to reach USD 88.79 billion by 2030, registering a CAGR of 17.4%, according to a new study by Grand View Research, Inc..

Increasing grid deployment is expected to favorably impact market growth. Demand response plays an important role in electric grid operation by reducing electricity usage during peak hours.

Introduction of grid technologies is expected to open avenues for the traditional energy infrastructure vendors. Smart grids when coupled with metering systems; provide information on real time consumption to the customers as well as suppliers.

Spread of ubiquitous wireless networks as well as internet access, along with the growing level of intelligence built into HVAC systems, industrial controls, lighting networks and varied other big building loads is expected to drive the automated DR market.

Smart Demand Response Market Report Highlights:

  • Residential segment is poised to grow at a CAGR higher than the global average, which is a direct consequence of financial incentives and rebates offered by utilities to domestic customers to persuade them in the participation of several direct load control programs. The participation of smart buildings in DR programs to protect electrical grids for the duration of peak energy demand is expected to reduce loads during high-cost periods, thereby reducing bills.
  • Industrial applications contributed to over 52.0% of the revenue in 2022; this large share can be attributed to DR programs offered by several utilities for maximizing power utilization through adoption of high efficiency variable speed drives and motors. Industrial customers are also encouraged to participate in such programs on account of lucrative financial incentives offered to them.
  • Asia Pacific is expected to register the highest CAGR of 21.0% over the forecast period. It can be attributed to the growing adoption of smart meters in the region.
  • The market is highly fragmented, with no particular company occupying a majority of the revenue share. The industry is characterized by companies having a strong hold over a particular region with little or no influence globally. However, through mergers & acquisitions, key participants have started expanding globally. Upcoming smart grid projects in countries such as Australia, India, China, and Japan have attracted prominent players in these regions.
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Product Code: 978-1-68038-694-3

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Application
    • 1.1.2. Regional scope
    • 1.1.3. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Application outlook
    • 2.2.2. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Smart Demand Response Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Smart Demand Response Market Analysis Tools
    • 3.4.1. Industry analysis - Porter's
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Technological landscape
      • 3.4.2.3. Economic landscape

Chapter 4. Smart Demand Response Market: Application Estimates & Trend Analysis

  • 4.1. Smart Demand Response Market: Key Takeaways
  • 4.2. Smart Demand Response Market: Movement & Market Share Analysis, 2022 & 2030
  • 4.3. Residential
    • 4.3.1. Residential market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.4. Commercial
    • 4.4.1. Commercial market estimates and forecasts, 2017 to 2030 (USD Million)
  • 4.5. Industrial
    • 4.5.1. Industrial market estimates and forecasts, 2017 to 2030 (USD Million)

Chapter 5. Smart Demand Response Market: Regional Estimates & Trend Analysis

  • 5.1. Regional Outlook
  • 5.2. Smart Demand Response Market by Region: Key Takeaway
  • 5.3. North America
    • 5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.3.2. U.S.
      • 5.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.3.3. Canada
      • 5.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 5.4. Europe
    • 5.4.1. UK
      • 5.4.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.4.2. Germany
      • 5.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.4.3. France
      • 5.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 5.5. Asia Pacific
    • 5.5.1. Japan
      • 5.5.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.5.2. China
      • 5.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.5.3. India
      • 5.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.5.4. Australia
      • 5.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.5.5. South Korea
      • 5.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 5.6. Latin America
    • 5.6.1. Brazil
      • 5.6.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.6.2. Mexico
      • 5.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
  • 5.7. MEA
    • 5.7.1. Saudi Arabia
      • 5.7.1.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.7.2. South Africa
      • 5.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
    • 5.7.3. United Arab Emirates (UAE)
      • 5.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)

Chapter 6. Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Market Participant Categorization
    • 6.2.1. ABB
      • 6.2.1.1. Company overview
      • 6.2.1.2. Financial performance
      • 6.2.1.3. Product benchmarking
      • 6.2.1.4. Strategic initiatives
    • 6.2.2. Eaton
      • 6.2.2.1. Company overview
      • 6.2.2.2. Financial performance
      • 6.2.2.3. Product benchmarking
      • 6.2.2.4. Strategic initiatives
    • 6.2.3. Enel X S.r.l.
      • 6.2.3.1. Company overview
      • 6.2.3.2. Financial performance
      • 6.2.3.3. Product benchmarking
      • 6.2.3.4. Strategic initiatives
    • 6.2.4. General Electric
      • 6.2.4.1. Company overview
      • 6.2.4.2. Financial performance
      • 6.2.4.3. Product benchmarking
      • 6.2.4.4. Strategic initiatives
    • 6.2.5. Honeywell International Inc.
      • 6.2.5.1. Company overview
      • 6.2.5.2. Financial performance
      • 6.2.5.3. Product benchmarking
      • 6.2.5.4. Strategic initiatives
    • 6.2.6. Johnson Controls
      • 6.2.6.1. Company overview
      • 6.2.6.2. Financial performance
      • 6.2.6.3. Product benchmarking
      • 6.2.6.4. Strategic initiatives
    • 6.2.7. Oracle Energy and Water
      • 6.2.7.1. Company overview
      • 6.2.7.2. Financial performance
      • 6.2.7.3. Product benchmarking
      • 6.2.7.4. Strategic initiatives
    • 6.2.8. Siemens
      • 6.2.8.1. Company overview
      • 6.2.8.2. Financial performance
      • 6.2.8.3. Product benchmarking
      • 6.2.8.4. Strategic initiatives
    • 6.2.9. Schneider Electric
      • 6.2.9.1. Company overview
      • 6.2.9.2. Financial performance
      • 6.2.9.3. Product benchmarking
      • 6.2.9.4. Strategic initiatives
    • 6.2.10. Itron Inc.
      • 6.2.10.1. Company overview
      • 6.2.10.2. Financial performance
      • 6.2.10.3. Product benchmarking
      • 6.2.10.4. Strategic initiatives
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Product Code: 978-1-68038-694-3

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 3 North America smart demand response market, by region, 2017 to 2030 (USD Million)
  • Table 4 U.S. smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 5 Canada smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 6 Europe smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 7 Europe smart demand response market, by region, 2017 to 2030 (USD Million)
  • Table 8 Germany smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 9 UK smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 10 France smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 11 Asia Pacific smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 12 Asia Pacific smart demand response market, by region, 2017 to 2030 (USD Million)
  • Table 13 China smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 14 Japan smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 15 India smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 16 Australia smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 17 South Korea smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 18 Latin America smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 19 Latin America smart demand response market, by region, 2017 to 2030 (USD Million)
  • Table 20 Brazil smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 21 Mexico smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 22 Middle East and Africa (MEA) smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 23 Middle East and Africa (MEA) smart demand response market, by region, 2017 to 2030 (USD Million)
  • Table 24 South Africa smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 25 Saudi Arabia smart demand response market, by application, 2017 - 2030 (USD Million)
  • Table 26 United Arab Emirates (UAE) smart demand response market, by application, 2017 - 2030 (USD Million) 

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Smart demand response: Market outlook
  • Fig. 9 Smart demand response: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Smart demand response market driver impact
  • Fig. 15 Smart demand response market restraint impact
  • Fig. 16 Smart demand response market strategic initiatives analysis
  • Fig. 17 Smart demand response market: Application movement analysis
  • Fig. 18 Smart demand response market: Application outlook and key takeaways
  • Fig. 19 Residential market estimates and forecasts, 2017 - 2030
  • Fig. 20 Commercial market estimates and forecasts, 2017 - 2030
  • Fig. 21 Industrial market estimates and forecasts, 2017 - 2030
  • Fig. 22 Global smart demand response market: Regional movement analysis
  • Fig. 23 Global smart demand response market: Regional outlook and key takeaways
  • Fig. 24 North America market estimates and forecasts, 2017 - 2030
  • Fig. 25 U.S. market estimates and forecasts, 2017 - 2030
  • Fig. 26 Canada market estimates and forecasts, 2017 - 2030
  • Fig. 27 Europe market estimates and forecasts, 2017 - 2030
  • Fig. 28 UK market estimates and forecasts, 2017 - 2030
  • Fig. 29 Germany market estimates and forecasts, 2017 - 2030
  • Fig. 30 France market estimates and forecasts, 2017 - 2030
  • Fig. 31 Asia Pacific market estimates and forecasts, 2017 - 2030
  • Fig. 32 Japan market estimates and forecasts, 2017 - 2030
  • Fig. 33 China market estimates and forecasts, 2017 - 2030
  • Fig. 34 India market estimates and forecasts, 2017 - 2030
  • Fig. 35 Australia market estimates and forecasts, 2017 - 2030
  • Fig. 36 South Korea market estimates and forecasts, 2017 - 2030
  • Fig. 37 Latin America market estimates and forecasts, 2017 - 2030
  • Fig. 38 Brazil market estimates and forecasts, 2017 - 2030
  • Fig. 39 Mexico market estimates and forecasts, 2017 - 2030
  • Fig. 40 Middle East and Africa market estimates and forecasts, 2017 - 2030
  • Fig. 41 Saudi Arabia market estimates and forecasts, 2017 - 2030
  • Fig. 42 South Africa market estimates and forecasts, 2017 - 2030
  • Fig. 43 United Arab Emirates (UAE) market estimates and forecasts, 2017 - 2030
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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