PUBLISHER: KBV Research | PRODUCT CODE: 1385044
PUBLISHER: KBV Research | PRODUCT CODE: 1385044
Europe Smart Demand Response Market Size, Share & Industry Trends Analysis Report By Type (Voluntary, and Contractual Mandatory), By Application (Residential, Commercial, and Industrial), By Country and Growth Forecast, 2023 - 2030
The Europe Smart Demand Response Market would witness market growth of 16.9% CAGR during the forecast period (2023-2030).
Smart grid technologies are being implemented in all electricity systems, including generation, transmission, distribution, and consumption. With the pervasive development of smart grids, countries expect improved electric power service, system reliability, and service quality. Consequently, increased energy consumption and savings, greater penetration, and extensive use of renewable power sources are possible. Challenges abound for energy suppliers in maintaining grid stability and a consistent power supply. Peak-load fluctuations are increasing, and solutions such as constructing more fossil fuel-powered facilities are used to address energy issues.
The market has grown steadily over the past few years. Factors such as increasing energy costs, integrating renewable energy sources, and needing more reliable and efficient grid systems drive this growth. The expansion of the market is closely tied to advancements in technology. Smart meters, IoT devices, and communication systems enable effective demand response programs. Many governments and regulatory bodies actively promote demand response programs to enhance energy efficiency and grid stability. Incentives and regulations encouraging utilities and consumers to participate in demand response programs fuel market growth.
The expansion of European renewable energy sources, such as wind farms and solar installations, has heightened the need for demand response. Smart DR enables consumers to adjust their energy consumption patterns to better align with the intermittent nature of renewable energy sources. As energy sectors and grid operations become more dynamic, the flexibility in energy use provided by Smart DR is precious. As the demand for renewable energies increases, the growth of the market will grow as renewables often generate power at different times than traditional fossil fuel sources. The above elements will boost the market growth in this region.
The Germany region dominated the Europe Smart Demand Response Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.7 Billion by 2030. The UK region is exhibiting a CAGR of 15.9% during (2023 - 2030). Additionally, The France region would experience a CAGR of 17.7% during (2023 - 2030).
Based on Type, the market is segmented into Voluntary, and Contractual Mandatory. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Eaton Corporation PLC, Enel S.p.A, General Electric Company, Honeywell International, Inc., Johnson Controls International PLC, Oracle Corporation, Siemens AG, Schneider Electric SE and Itron, Inc.
Scope of the Study
Market Segments covered in the Report:
By Type
- Voluntary
- Contractual Mandatory
By Application
- Residential
- Commercial
- Industrial
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Companies Profiled
- ABB Group
- Eaton Corporation PLC
- Enel S.p.A
- General Electric Company
- Honeywell International, Inc.
- Johnson Controls International PLC
- Oracle Corporation
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
Unique Offerings from KBV Research
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- Highest number of market tables and figures
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- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Smart Demand Response Market, by Type
- 1.4.2 Europe Smart Demand Response Market, by Application
- 1.4.3 Europe Smart Demand Response Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market At a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct - 2023, Apr) Leading Players
- 4.4 Porter Five Forces Analysis
Chapter 5. Europe Smart Demand Response Market, by Type
- 5.1 Europe Voluntary Market, by Country
- 5.2 Europe Contractual Mandatory Market, by Country
Chapter 6. Europe Smart Demand Response Market, by Application
- 6.1 Europe Residential Market, by Country
- 6.2 Europe Commercial Market, by Country
- 6.3 Europe Industrial Market, by Country
Chapter 7. Europe Smart Demand Response Market, by Country
- 7.1 Germany Smart Demand Response Market
- 7.1.1 Germany Smart Demand Response Market, by Type
- 7.1.2 Germany Smart Demand Response Market, by Application
- 7.2 UK Smart Demand Response Market
- 7.2.1 UK Smart Demand Response Market, by Type
- 7.2.2 UK Smart Demand Response Market, by Application
- 7.3 France Smart Demand Response Market
- 7.3.1 France Smart Demand Response Market, by Type
- 7.3.2 France Smart Demand Response Market, by Application
- 7.4 Russia Smart Demand Response Market
- 7.4.1 Russia Smart Demand Response Market, by Type
- 7.4.2 Russia Smart Demand Response Market, by Application
- 7.5 Spain Smart Demand Response Market
- 7.5.1 Spain Smart Demand Response Market, by Type
- 7.5.2 Spain Smart Demand Response Market, by Application
- 7.6 Italy Smart Demand Response Market
- 7.6.1 Italy Smart Demand Response Market, by Type
- 7.6.2 Italy Smart Demand Response Market, by Application
- 7.7 Rest of Europe Smart Demand Response Market
- 7.7.1 Rest of Europe Smart Demand Response Market, by Type
- 7.7.2 Rest of Europe Smart Demand Response Market, by Application
Chapter 8. Company Profiles
- 8.1 ABB Group
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Eaton Corporation PLC
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.6 SWOT Analysis
- 8.3 Siemens AG
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Schneider Electric SE
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Enel S.p.A
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Recent strategies and developments:
- 8.5.4.1 Partnerships, Collaborations, and Agreements:
- 8.5.4.2 Product Launches and Product Expansions:
- 8.5.5 SWOT Analysis
- 8.6 General Electric Company
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.6 SWOT Analysis
- 8.7 Honeywell International, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.5.2 Product Launches and Product Expansions:
- 8.7.6 SWOT Analysis
- 8.8 Johnson Controls International PLC
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental & Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Acquisition and Mergers:
- 8.8.6 SWOT Analysis
- 8.9 Oracle Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.6 SWOT Analysis
- 8.10. Itron, Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 Recent strategies and developments:
- 8.10.5.1 Partnerships, Collaborations, and Agreements:
- 8.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 Europe Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 2 Europe Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Smart Demand Response Market
- TABLE 4 Product Launches And Product Expansions- Smart Demand Response Market
- TABLE 5 Acquisition and Mergers- Smart Demand Response Market
- TABLE 6 Europe Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 7 Europe Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 8 Europe Voluntary Market, by Country, 2019 - 2022, USD Million
- TABLE 9 Europe Voluntary Market, by Country, 2023 - 2030, USD Million
- TABLE 10 Europe Contractual Mandatory Market, by Country, 2019 - 2022, USD Million
- TABLE 11 Europe Contractual Mandatory Market, by Country, 2023 - 2030, USD Million
- TABLE 12 Europe Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 13 Europe Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 14 Europe Residential Market, by Country, 2019 - 2022, USD Million
- TABLE 15 Europe Residential Market, by Country, 2023 - 2030, USD Million
- TABLE 16 Europe Commercial Market, by Country, 2019 - 2022, USD Million
- TABLE 17 Europe Commercial Market, by Country, 2023 - 2030, USD Million
- TABLE 18 Europe Industrial Market, by Country, 2019 - 2022, USD Million
- TABLE 19 Europe Industrial Market, by Country, 2023 - 2030, USD Million
- TABLE 20 Europe Smart Demand Response Market, by Country, 2019 - 2022, USD Million
- TABLE 21 Europe Smart Demand Response Market, by Country, 2023 - 2030, USD Million
- TABLE 22 Germany Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 23 Germany Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 24 Germany Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 25 Germany Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 26 Germany Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 27 Germany Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 28 UK Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 29 UK Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 30 UK Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 31 UK Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 32 UK Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 33 UK Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 34 France Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 35 France Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 36 France Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 37 France Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 38 France Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 39 France Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 40 Russia Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 41 Russia Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 42 Russia Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 43 Russia Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 44 Russia Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 45 Russia Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 46 Spain Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 47 Spain Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 48 Spain Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 49 Spain Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 50 Spain Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 51 Spain Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 52 Italy Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 53 Italy Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 54 Italy Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 55 Italy Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 56 Italy Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 57 Italy Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 58 Rest of Europe Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 59 Rest of Europe Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 60 Rest of Europe Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 61 Rest of Europe Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 62 Rest of Europe Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 63 Rest of Europe Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 64 Key Information - ABB Group
- TABLE 65 Key Information - Eaton Corporation PLC
- TABLE 66 Key Information - Siemens AG
- TABLE 67 Key Information - Schneider Electric SE
- TABLE 68 Key Information - Enel S.p.A
- TABLE 69 Key Information - General Electric Company
- TABLE 70 Key Information - Honeywell International, Inc.
- TABLE 71 Key Information - Johnson Controls International PLC
- TABLE 72 Key Information - Oracle Corporation
- TABLE 73 Key Information - Itron, Inc.
