PUBLISHER: KBV Research | PRODUCT CODE: 1385045
PUBLISHER: KBV Research | PRODUCT CODE: 1385045
Asia Pacific 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 Asia Pacific Smart Demand Response Market would witness market growth of 17.8% CAGR during the forecast period (2023-2030).
As power grids are modernized and made smarter, the potential for demand response becomes even more significant. Smart grids enable real-time communication between utilities and consumers, making demand response programs more efficient. Demand response is used in various residential, commercial, and industrial sectors. Residential consumers can reduce their electricity usage during peak hours, while commercial and industrial facilities can participate in more complex demand response programs. The benefits of Smart DR are numerous. Utilities can avoid building expensive peak power plants, reduce congestion, and improve grid reliability.
Homeowners can use smart thermostats to adjust heating and cooling systems automatically to reduce energy consumption during peak hours. Consumers can schedule energy-intensive tasks like laundry and dishwashing during off-peak hours to save on electricity costs. Commercial facilities use BEMS to control lighting, HVAC systems, and other equipment to lower energy consumption during peak periods. Businesses can voluntarily reduce non-essential loads during peak demand periods to lower electricity costs. Factories and industrial plants adjust production schedules to reduce energy-intensive processes during peak hours.
The allocation of funds for demand response infrastructure in the Asia Pacific region has contributed significantly to the growth and development of the market as the region faces a growing need for efficient energy management, grid reliability, and sustainability. The availability of funds in Asia Pacific has fostered market development by attracting technology providers, service companies, and utilities to invest in Smart DR solutions. Smart DR leverages these modernization efforts by integrating advanced metering and control systems, allowing for more efficient demand response. The aforementioned factors will expand the market growth across the region.
The China region dominated the Asia Pacific Smart Demand Response Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.6 Billion by 2030. The Japan region is registering a CAGR of 17% during (2023 - 2030). Additionally, The India region would showcase a CAGR of 18.6% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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
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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 Asia Pacific Smart Demand Response Market, by Type
- 1.4.2 Asia Pacific Smart Demand Response Market, by Application
- 1.4.3 Asia Pacific 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. Asia Pacific Smart Demand Response Market, by Type
- 5.1 Asia Pacific Voluntary Market, by Country
- 5.2 Asia Pacific Contractual Mandatory Market, by Country
Chapter 6. Asia Pacific Smart Demand Response Market, by Application
- 6.1 Asia Pacific Residential Market, by Country
- 6.2 Asia Pacific Commercial Market, by Country
- 6.3 Asia Pacific Industrial Market, by Country
Chapter 7. Asia Pacific Smart Demand Response Market, by Country
- 7.1 China Smart Demand Response Market
- 7.1.1 China Smart Demand Response Market, by Type
- 7.1.2 China Smart Demand Response Market, by Application
- 7.2 Japan Smart Demand Response Market
- 7.2.1 Japan Smart Demand Response Market, by Type
- 7.2.2 Japan Smart Demand Response Market, by Application
- 7.3 India Smart Demand Response Market
- 7.3.1 India Smart Demand Response Market, by Type
- 7.3.2 India Smart Demand Response Market, by Application
- 7.4 South Korea Smart Demand Response Market
- 7.4.1 South Korea Smart Demand Response Market, by Type
- 7.4.2 South Korea Smart Demand Response Market, by Application
- 7.5 Singapore Smart Demand Response Market
- 7.5.1 Singapore Smart Demand Response Market, by Type
- 7.5.2 Singapore Smart Demand Response Market, by Application
- 7.6 Malaysia Smart Demand Response Market
- 7.6.1 Malaysia Smart Demand Response Market, by Type
- 7.6.2 Malaysia Smart Demand Response Market, by Application
- 7.7 Rest of Asia Pacific Smart Demand Response Market
- 7.7.1 Rest of Asia Pacific Smart Demand Response Market, by Type
- 7.7.2 Rest of Asia Pacific 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 Asia Pacific Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 2 Asia Pacific 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 Asia Pacific Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 7 Asia Pacific Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 8 Asia Pacific Voluntary Market, by Country, 2019 - 2022, USD Million
- TABLE 9 Asia Pacific Voluntary Market, by Country, 2023 - 2030, USD Million
- TABLE 10 Asia Pacific Contractual Mandatory Market, by Country, 2019 - 2022, USD Million
- TABLE 11 Asia Pacific Contractual Mandatory Market, by Country, 2023 - 2030, USD Million
- TABLE 12 Asia Pacific Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 13 Asia Pacific Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 14 Asia Pacific Residential Market, by Country, 2019 - 2022, USD Million
- TABLE 15 Asia Pacific Residential Market, by Country, 2023 - 2030, USD Million
- TABLE 16 Asia Pacific Commercial Market, by Country, 2019 - 2022, USD Million
- TABLE 17 Asia Pacific Commercial Market, by Country, 2023 - 2030, USD Million
- TABLE 18 Asia Pacific Industrial Market, by Country, 2019 - 2022, USD Million
- TABLE 19 Asia Pacific Industrial Market, by Country, 2023 - 2030, USD Million
- TABLE 20 Asia Pacific Smart Demand Response Market, by Country, 2019 - 2022, USD Million
- TABLE 21 Asia Pacific Smart Demand Response Market, by Country, 2023 - 2030, USD Million
- TABLE 22 China Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 23 China Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 24 China Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 25 China Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 26 China Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 27 China Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 28 Japan Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 29 Japan Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 30 Japan Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 31 Japan Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 32 Japan Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 33 Japan Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 34 India Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 35 India Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 36 India Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 37 India Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 38 India Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 39 India Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 40 South Korea Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 41 South Korea Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 42 South Korea Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 43 South Korea Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 44 South Korea Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 45 South Korea Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 46 Singapore Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 47 Singapore Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 48 Singapore Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 49 Singapore Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 50 Singapore Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 51 Singapore Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 52 Malaysia Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 53 Malaysia Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 54 Malaysia Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 55 Malaysia Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 56 Malaysia Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 57 Malaysia Smart Demand Response Market, by Application, 2023 - 2030, USD Million
- TABLE 58 Rest of Asia Pacific Smart Demand Response Market, 2019 - 2022, USD Million
- TABLE 59 Rest of Asia Pacific Smart Demand Response Market, 2023 - 2030, USD Million
- TABLE 60 Rest of Asia Pacific Smart Demand Response Market, by Type, 2019 - 2022, USD Million
- TABLE 61 Rest of Asia Pacific Smart Demand Response Market, by Type, 2023 - 2030, USD Million
- TABLE 62 Rest of Asia Pacific Smart Demand Response Market, by Application, 2019 - 2022, USD Million
- TABLE 63 Rest of Asia Pacific 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.
