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Smart Demand Response Market

Smart Demand Response Market (By End User - Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2025

Demand response refers to the change in electricity usage by an end-user in response to signals from the grid operators or utilities. The end-user’s participation in a program of this nature is a response to factors such as: greater awareness, an increased sense of responsibility, incentive pricing and new tariff schemes. Demand response programs are designed primarily to shift or curtail load for a short period of time; they are primarily of two types: price-based response (voluntary) and incentive-based demand response (contractually mandatory).
 
Price-based demand response is change in electricity usage by end-users in response to the price signals. Price-based demand response includes: critical-peak pricing (CTP), real-time pricing (RTP), and time-of-use (TOU) rates. Incentive-based demand response programs are established by grid operators, utilities, or load-serving entities. The participating customers are paid to reduce their power consumptions as requested by the market participants. Incentive-based demand response programs includes: ancillary service market programs, capacity market programs, emergency demand response programs, demand bidding/buyback programs, direct load control, and interruptible/curtailable services.
 
Burgeoning power demand propels the adoption of demand response programs. The roll-out of smart grid technologies, including smart meters and communication systems are likely to augment growth in the global smart demand response market. Increasing demand for power supplemented by capacity constraints is projected to boost growth in the global smart demand response market. Additionally, policies that encourage demand response programs are likely to accelerate the global smart demand response market growth in the future. Moreover, increasing installations of smart meters and other smart grid technologies are estimated to bolster growth in the global smart demand response market. Albeit, limited customer awareness of demand response programs and their benefits can restrain market’s growth. Further, high cost of technology and equipment for implementing demand response programs is likely to dampen the global smart demand response market’s growth. However, technological advancements and developments by leading market players are likely to augment the market’s growth.
 
Unprecedented energy challenges such as increased dependence on energy imports, lack of grid access to customers, growing energy security and environmental concerns, electricity infrastructure challenges, and surging power demand necessitates the modernization of electricity grids. Investment in demand response offsets investments in additional power infrastructure, averting the heavy cost of new power generation, transmission and distribution infrastructure. It further limits greenhouse gas emissions.
 
Industrial end user segment is expected to dominate the global smart demand response market over the coming years. Demand for a cost-effective and environmentally sensible means to meet electricity system needs is likely to drive growth in the end-user segment. The residential segment is one of the fastest growing end user segments. Roll out of smart meters and communication technology is likely to allow utilities to control residential loads. Thus, the factors mentioned above are anticipated to augment the market’s growth in the residential end user segment. Lucrative financial incentives for commercial and industrial end user segment are expected to register a significant growth in these segments.
 
The global smart demand response capacity market was dominated by North America followed by Europe and Asia Pacific. Electricity markets are increasingly recognizing the need for demand response programs to manage scheduled or emergency downtime for power plants. Additionally, demand response in North America is also recognized as a mechanism to mitigate higher wholesale prices and lower overall grid costs. Thus, the factors mentioned above are likely to drive growth in the North America’s smart demand response capacity market. Expected regulatory support through change in the demand response policies is anticipated to augment growth in the Europe’s smart demand response capacity market. Asia Pacific is likely to grow at the highest rates in the future. Increased adoption of demand response in Asia Pacific is estimated to drive growth in the regions’ demand response capacity market.
 
The global smart demand response market was dominated by North America followed by Europe and Asia Pacific. All the regions are likely to grow at significant rates over the forecast period. Ongoing development in the utility industry is likely to drive growth in North America’s smart demand response market. Significant smart demand response expenditure is estimated to accelerate growth in Europe’s smart demand response market. Asia Pacific’s smart demand response market is likely to grow at the highest rates in the future. High energy consumption and developments in the manufacturing sector is anticipated to drive growth in Asia Pacific’s smart demand response market.
 
The global smart demand response market is fragmented in nature; and leading market players are adopting a strategy of mergers and acquisitions to pursue growth in the market. The strategic alliances allow companies to enhance its smart demand response offerings to their residential/commercial/industrial customers. Key participants in the global smart demand response market include: Honeywell International, Inc., EnerNOC, Inc., Eaton Corporation PLC., Landis+Gyr, Itron, Inc., Schneider Electric, General Electric, and Siemens AG among others. Other major market players analyzed in this report includes: Johnsons Control, Inc., ABB, Comverge, Inc., and Opower, Inc.
 
     
    Chapter 1 Preface
    1.1 Report Description
    1.2 Research Scope
    1.3 Market Segmentation
    1.4 Research Methodology
     
    Chapter 2 Executive Summary
     
    Chapter 3 Global Smart Demand Response Market – Industry Analysis
    3.1 Introduction
    3.2 Value Chain Analysis
    3.3 Market Dynamics
          3.3.1 Market Drivers
                   3.3.1.1 Increasing global demand for power, supplemented by capacity constraints, augments the need for demand response programs
                   3.3.1.2 Policies to encourage demand response programs propel market growth
                   3.3.1.3 Increasing smart grid deployment boosts the demand for the global smart demand response market
                   3.3.1.4 Open Automated Demand Response (OpenADR) standards
          3.3.2 Market Restraints
                   3.3.2.1 Limited consumer awareness of demand response programs and their benefits can restrain market growth
                   3.3.2.2 High cost of technology and equipment for implementing demand response programs
          3.3.3 Market Opportunity
                   3.3.3.1 Technological advancements and developments by leading market players is likely to augment the demand for the global smart demand response market
    3.4 Porter’s Five Forces Analysis
          3.4.1 Bargaining Power of Suppliers
          3.4.2 Bargaining Power of Buyers
          3.4.3 Threat from New Entrants
          3.4.4 Threat from Substitutes
          3.4.5 Degree of Competition
    3.5 Market Attractiveness Analysis
    3.6 Company Market Share Analysis
          3.6.1 Global Smart Demand Response Company Market Share Analysis, 2013
     
    Chapter 4 Global Smart Demand Response Market – End User Analysis
    4.1 Global Smart Demand Response Market: End User Overview
          4.1.1 Global Smart Demand Response Market Revenue Estimates and Forecast, by End User, 2013 & 2025 (USD Million)
    4.2 Residential
          4.2.1 Global Smart Demand Response Market Estimates and Forecast, by Residential End User Segment, 2011 – 2025 (USD Million)
    4.3 Commercial
          4.3.1 Global Smart Demand Response Market Estimates and Forecast, by Commercial End User Segment, 2011 – 2025 (USD Million)
    4.4 Industrial
          4.4.1 Global Smart Demand Response Market Estimates and Forecast, by Industrial End User Segment, 2011 – 2025 (USD Million)
     
    Chapter 5 Global Smart Demand Response Market – Capacity Analysis
    5.1 Global Smart Demand Response Market: Capacity Overview
          5.1.1 Global Smart Demand Response Capacity Estimates and Forecast, by Region, 2013 & 2025 (MW)
    5.2 North America
          5.2.1 North America Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
    5.3 Europe
          5.3.1 Europe Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
    5.4 Asia Pacific
          5.4.1 Asia Pacific Smart Demand Response Capacity Estimates and Forecast, by Country, 2013 & 2025 (MW)
          5.4.2 Asia Pacific Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.3 Indonesia
                  5.4.3.1 Indonesia Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.4 Malaysia
                  5.4.4.1 Malaysia Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.5 Thailand
                   5.4.5.1 Thailand Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.6 Vietnam
                  5.4.6.1 Vietnam Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.7 Myanmar
                  5.4.7.1 Myanmar Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.8 Philippines
                  5.4.8.1 Philippines Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.9 India
                  5.4.9.1 India Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
          5.4.10 Rest of Asia Pacific (RoAP)
                    5.4.10.1 Rest of Asia Pacific Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
    5.5 Rest of the World (RoW)
          5.5.1 Rest of the World (RoW) Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)
     
    Chapter 6 Global Smart Demand Response Market – Regional Analysis
    6.1 Global Smart Demand Response Market: Regional Overview
          6.1.1 Global Smart Demand Response Market Revenue Estimates and Forecast, by Region, 2013 & 2025 (USD Million)
    6.2 North America
          6.2.1 North America Smart Demand Response Market Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
    6.3 Europe
          6.3.1 Europe Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)
    6.4 Asia Pacific
          6.4.1 Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by Country, 2013 & 2025 (USD Million)
          6.4.2 Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.3 Indonesia
                   6.4.3.1 Indonesia Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.4 Malaysia
                  6.4.4.1 Malaysia Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.5 Thailand
                  6.4.5.1 Thailand Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.6 Vietnam
                  6.4.6.1 Vietnam Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.7 Myanmar
                  6.4.7.1 Myanmar Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.8 Philippines
                  6.4.8.1 Philippines Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.9 India
                  6.4.9.1 India Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
          6.4.10 Rest of Asia Pacific
                    6.4.10.1 Rest of Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
    6.5 Rest of the World (RoW)
          6.5.1 Rest of the World Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million)
     
    Chapter 7 Company Profiles
    7.1 ABB
          7.1.1 Company Overview
          7.1.2 Financial Overview
          7.1.3 Business Strategies
          7.1.4 SWOT Analysis
          7.1.5 Recent Developments
    7.2 Comverge, Inc.
          7.2.1 Company Overview
          7.2.2 Financial Overview
          7.2.3 Business Strategies
          7.2.4 SWOT Analysis
          7.2.5 Recent Developments
    7.3 Eaton Corporation Plc
          7.3.1 Company Overview
          7.3.2 Financial Overview
          7.3.3 Business Strategies
          7.3.4 SWOT Analysis
          7.3.5 Recent Developments
    7.4 EnerNOC, Inc.
          7.4.1 Company Overview
          7.4.2 Financial Overview
          7.4.3 Business Strategies
          7.4.4 SWOT Analysis
          7.4.5 Recent Developments
    7.5 General Electric
          7.5.1 Company Overview
          7.5.2 Financial Overview
          7.5.3 Business Strategies
          7.5.4 SWOT Analysis
          7.5.5 Recent Developments
    7.6 Honeywell International, Inc.
          7.6.1 Company Overview
          7.6.2 Financial Overview
          7.6.3 Business Strategies
          7.6.4 SWOT Analysis
          7.6.5 Recent Developments
    7.7 Johnson Controls, Inc.
          7.7.1 Company Overview
          7.7.2 Financial Overview
          7.7.3 Business Strategies
          7.7.4 SWOT Analysis
          7.7.5 Recent Developments
    7.8 Itron, Inc.
          7.8.1 Company Overview
          7.8.2 Financial Overview
          7.8.3 Business strategies
          7.8.4 SWOT Analysis
          7.8.5 Recent Developments
    7.9 Landis+Gyr
          7.9.1 Company Overview
          7.9.2 Financial Overview
          7.9.3 Business Strategies
          7.9.4 SWOT Analysis
          7.9.5 Recent Developments
    7.10 Opower, Inc.
          7.10.1 Company Overview
          7.10.2 Financial Overview
          7.10.3 Business Strategies
          7.10.4 SWOT Analysis
          7.10.5 Recent Developments
    7.11 Schneider Electric
          7.11.1 Company Overview
          7.11.2 Financial Overview
          7.11.3 Business strategies
          7.11.4 SWOT Analysis
          7.11.5 Recent Developments
    7.12 Siemens AG
          7.12.1 Company Overview
          7.12.2 Financial Overview
          7.12.3 Business Strategies
          7.12.4 SWOT Analysis
          7.12.5 Recent Developments
    List of Tables
     
    TABLE 1 Global Smart Demand Response Market Snapshot
    TABLE 1 Types of Demand Response Programs: Price-based and Incentive-based
    TABLE 2 Market Drivers of Global Smart Demand Response Market: Impact Analysis
    TABLE 3 Market Restraints of Global Smart Demand Response Market: Impact Analysis
    TABLE 4 North America Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 5 Europe Smart Demand Response Market Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 6 Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 7 Indonesia Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 8 Malaysia Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 9 Thailand Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 10 Vietnam Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 11 Myanmar Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 12 Philippines Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 13 India Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 14 Rest of Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 
    TABLE 15 Rest of the World Smart Demand Response Market Estimates and Forecast, by End User Segment, 2011 – 2025 (USD Million) 

    List of Figures 

     

    FIG. 1 Global Smart Demand Response Market: Market Segmentation

    FIG. 2 Global Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 3 Global Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 4 Value Chain Analysis of Global Smart Demand Response Market

    FIG. 5 Global Power Consumption, 2012–2020 (Mtoe)

    FIG. 6 Global Smart Grid Market, 2012–2019 (USD Billion)

    FIG. 7 OpenADR Annual Peak Load Reduction, 2007-2011 (MW)

    FIG. 8 Global Smart Demand Response Market: Porter’s Five Forces Analysis

    FIG. 9 Market Attractiveness Analysis of Global Smart Demand Response Market, by Regional Segment, 2013

    FIG. 10 Market Attractiveness Analysis of Asia Pacific Smart Demand Response Market, by Country Segment, 2013

    FIG. 11 Company Market Share of Global Smart Demand Response Market, 2013

    FIG. 12 Global Smart Demand Response Market Revenue Estimates and Forecast, by End User, 2013 & 2025 (USD Million)

    FIG. 13 Global Smart Demand Response Market Revenue Estimates and Forecast, by Residential End User Segment, 2011 – 2025 (USD Million)

    FIG. 14 Global Smart Demand Response Market Revenue Estimates and Forecast, by Commercial End User Segment, 2011 – 2025 (USD Million)

    FIG. 15 Global Smart Demand Response Market Revenue Estimates and Forecast, by Industrial End User Segment, 2011 – 2025 (USD Million)

    FIG. 16 Global Smart Demand Response Capacity Estimates and Forecast, by Region, 2013 & 2025 (MW)

    FIG. 17 North America Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 18 Europe Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 19 Asia Pacific Smart Demand Response Capacity Estimates and Forecast, by Country, 2013 & 2025 (MW)

    FIG. 20 Asia Pacific Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 21 Indonesia Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 22 Malaysia Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 23 Thailand Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 24 Vietnam Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 25 Myanmar Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 26 Philippines Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 27 India Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 28 Rest of Asia Pacific Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 29 Rest of the World (RoW) Smart Demand Response Capacity Estimates and Forecast, 2011 – 2025 (MW)

    FIG. 30 Global Smart Demand Response Market Revenue Estimates and Forecast, by Region, 2013 & 2025 (USD Million)

    FIG. 31 North America Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 32 Europe Smart Demand Response Market Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 33 Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, by Country, 2013 & 2025 (USD Million)

    FIG. 34 Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 35 Indonesia Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 36 Malaysia Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 37 Thailand Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 38 Vietnam Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 39 Myanmar Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 40 Philippines Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 41 India Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 42 Rest of Asia Pacific Smart Demand Response Market Revenue Estimates and Forecast, 2011 – 2025 (USD Million)

    FIG. 43 Rest of the World Smart Demand Response Market Estimates and Forecast, 2011 – 2025 (USD Million)

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Smart Demand Response Market

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