Demand Response Management System Market Research Report - by Service (Consulting, Curtailment, Maintenance, Managed), by Solution (Commercial, Industrial, Residential), by End-use (Agriculture, Commercial Spaces, Public Buildings, Energy & Power), and Region - Forecast to 2027

Demand Response Management System Market Overview:

According to Market Research Future (MRFR), Demand Response Management Systems Market was worth USD 21.8 billion in 2017 and is expected to rise to USD 45.6 Billion by 2023 at a CAGR of 7.8% over the 2018-2023 (forecast period).

Market Segmentation

The Global Demand Response Management Systems Market is segmented by Service, Solution, End-Use, and Region.

The Global DRMS Market is segmented by service into consulting, curtailment, maintenance, and managed. Consulting is likely to be the leading service segment within the Global Demand Response Management Systems Market over the forecast period as well as the fastest growing.

By Solution, the Global Demand Response Management Systems Market is segmented into commercial, industrial, and residential. Commercial solutions are the leading revenue generators for the Global Demand Response Management Systems Market and are likely to remain in the position over the forecast period due to the growing demand for demand response management systems in large-scale energy grids.

By End-Use, the DRMS Market is segmented into agriculture, commercial spaces, public buildings, energy and power. Public buildings are likely to be the leading consumer of Demand Response Management Systems over the forecast period, due to the affordability of DRMS for government agencies and the growing government support for energy saving mechanisms such as DRMS.

Regional Analysis

Regionally, the Global Demand Response Management Systems Market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World. North America is likely to be the dominant contributor to the Global Demand Response Management Systems Market over the forecast period due to the widespread establishment of smart grid infrastructure in countries such as the U.S., which has made it easier to adopt demand response management systems on a similar scale. APAC is likely to be a major market for demand response management systems over the forecast period due to the growing demand from entities in the government sector as well as residential sector for smart grid development, which is likely to drive the demand for demand response management systems.

Competitive Analysis:

Leading players in the DRMS Market include ABB (Switzerland), Enel X North America, Inc. (U.S.), Siemens AG (Germany), Eaton (Republic of Ireland), Schneider Electric (France), Honeywell International Inc. (U.S.), Opower, Inc. (U.S.), Comverge, Inc. (U.S.), and Johnson Controls, Inc. (U.S.).

Report Methodology

Demand Response Management Systems (DRMS) are software platforms used by utilities and energy suppliers to track and comprehensively manage their operations. The Global Demand Response Management Systems Market is driven primarily by the growing adoption of smart grid systems across the globe. The demand for smart grids has grown progressively as people have come to realize their various benefits over conventional grid systems. Smart grid systems allow better tracking of the energy consumption and help reduce the overall energy consumption, making them highly valuable in today’s times of resource conservation and environmental protection.

Increasing demand for smart grids and demand response management systems from the residential sector is likely to be a major opportunity for players in the DRMS market over the forecast period. The residential sector has become a major market for smart grid technology over the last few years, as individual consumers and families have become increasingly aware to the positive environmental impact they can have through simple measures such as adopting smart grids and keeping their energy consumption in check. The financial benefits of smart grid systems have also convinced residential consumers to opt for smart grids over the last few years. This is likely to be a major demand channel for the global demand response management system market over the forecast period.

On the other hand, the high initial investment required for demand response management systems is likely to hamper the market’s growth prospects over the forecast period. While the long-term benefits of DRMS are immense, the high initial costs act as a deterrent to their widespread uptake, especially in the residential sector, where individual users may not necessarily be ready to spend large amounts on installing demand response management systems.

Accuracy of the data has been maintained at all cost in the report. The report contains information gathered from primary interviews with the industry’s leading lights as well as information gathered from reliable secondary research. The research is carried out according to a domain-specific formula to ensure the accuracy of the data gathered. A comprehensive look at the market is provided through the report’s granular look at the market’s segmentation, and the use of a top-down and bottom-up approach supports this premise.

Global Demand Response Management System Market by Service

• Consulting


• Curtailment


• Maintenance


• Managed 

Global Demand Response Management System Market by Solution

• Commercial


• Industrial


• Residential

Global Demand Response Management System Market by End-use

• Energy & Power


• Agriculture


• Public Buildings


• Commercial Spaces 

Global Demand Response Management System Market by Region

• North America


• Europe


• Asia Pacific


• Rest-of-the-World

Report Scope:

Report Attribute/Metric	Details
Market Size	2023: USD 45.6 Billion
CAGR	7.8% CAGR (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Service, Solution and End-use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	ABB (Switzerland), Enel X North America, Inc. (U.S.), Siemens AG (Germany), Eaton (Republic of Ireland), Schneider Electric (France), Honeywell International Inc. (U.S.), Opower, Inc. (U.S.), Comverge, Inc. (U.S.), and Johnson Controls, Inc. (U.S.)
Key Market Opportunities	Growing Demand From Residential Sector New product launches and R&D amongst major key players
Key Market Drivers	Increasing Use Of Smart-Grids Change In Energy Pricing

Frequently Asked Questions (FAQ) :

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