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Demand Response Management System Market Research Report - Global Forecast till 2023

Global 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 2023

ID: MRFR/E&P/5231-HCR | February 2021 | Region: Global | 100 pages

Market Overview:


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.


According to Market Research Future (MRFR), the Global 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).


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


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



Frequently Asked Questions (FAQ) :

The demand response management system market can thrive at 7.8% CAGR by 2023.

The demand response management system market can attain a value of USD 45.6 Bn by 2023

Honeywell International Inc. (U.S.), Comverge, Inc. (U.S.), Opower, Inc. (U.S.), and Johnson Controls, Inc. (U.S.) are some key players of the demand response management system market.

The high requirement for smart grids can propel the demand response management system market growth.

The high adoption of demand response management system across industries in North America can prompt the demand response management system market growth.

Table of Contents
1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 Key Takeaways

2.5 Macro Factor Indicators Analysis

2.5.1 GDP (USD Million)

2.5.2 GNI Per Capita, Atlas Method (USD)

2.5.3 GDP Per Capita PPP (USD)

3 Market Insights

4 Research Methodology

4.1 Research Solution Type

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

4.6 List of Assumptions

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.2.1 Increasing use of Smart-Grids

5.2.2 Change in Energy Pricing

5.2.3 Drivers Impact Analysis

5.3 Restraints

5.3.1 High Initial Investment

5.3.2 Restraints Impact Analysis

5.4 Opportunities

5.4.1 Growing Demand from Residential Sector

5.5 Value Chain Analysis

5.5 Porter’s Five Forces Model

5.5.1 Threat of New Entrants

5.5.2 Bargaining Power of Suppliers

5.5.3 Bargaining Power of Buyers

5.5.4 Threat of Substitutes

5.5.5 Intensity of Rivalry

6 Global Demand Response Management System Market, By Service

6.1 Overview

6.1.1 Consulting

6.1.1.1 Market Estimates & Forecast, 2018-2023

6.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023

6.1.2 Curtailment

6.1.2.1 Market Estimates & Forecast, 2018-2023

6.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023

6.1.3 Maintenance

6.1.3.1 Market Estimates & Forecast, 2018-2023

6.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023

6.1.4 Managed

6.1.4.1 Market Estimates & Forecast, 2018-2023

6.1.4.2 Market Estimates & Forecast, By Region/Country, 2018-2023

7 Global Demand Response Management System Market, By Solution

7.1 Overview

7.1.1 Commercial

7.1.1.1 Market Estimates & Forecast, 2018-2023

7.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023

7.1.2 Industrial

7.1.2.1 Market Estimates & Forecast, 2018-2023

7.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023

7.1.3 Residential

7.1.3.1 Market Estimates & Forecast, 2018-2023

7.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023

8 Global Demand Response Management System Market, By End-User

8.1 Overview

8.1.1 Agriculture

8.1.1.1 Market Estimates & Forecast, 2018-2023

8.1.1.2 Market Estimates & Forecast, By Region/Country, 2018-2023

8.1.2 Commercial Spaces

8.1.2.1 Market Estimates & Forecast, 2018-2023

8.1.2.2 Market Estimates & Forecast, By Region/Country, 2018-2023

8.1.3 Public Buildings

8.1.3.1 Market Estimates & Forecast, 2018-2023

8.1.3.2 Market Estimates & Forecast, By Region/Country, 2018-2023

8.1.4 Energy and Power

8.1.4.1 Market Estimates & Forecast, 2018-2023

8.1.4.2 Market Estimates & Forecast, By Region/Country, 2018-2023

9 Global Demand Response Management System Market, By Region

9.1 Overview

9.2 North America

9.2.1 Market Estimates & Forecast, By Country, 2018-2023

9.2.2 Market Estimates & Forecast, By Service, 2018-2023

9.2.3 Market Estimates & Forecast, By Solution, 2018-2023

9.2.4 Market Estimates & Forecast, By End-User, 2018-2023

9.2.5 US

9.2.5.1 Market Estimates & Forecast, By Service, 2018-2023

9.2.5.2 Market Estimates & Forecast, By Solution, 2018-2023

9.2.5.3 Market Estimates & Forecast, By End-User, 2018-2023

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, By Service, 2018-2023

9.2.6.2 Market Estimates & Forecast, By Solution, 2018-2023

9.2.6.3 Market Estimates & Forecast, By End-User, 2018-2023

9.3 Europe

9.3.1 Market Estimates & Forecast, By Country, 2018-2023

9.3.2 Market Estimates & Forecast, By Service, 2018-2023

9.3.3 Market Estimates & Forecast, By Solution, 2018-2023

9.3.4 Market Estimates & Forecast, By End-User, 2018-2023

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, By Service, 2018-2023

9.3.5.2 Market Estimates & Forecast, By Solution, 2018-2023

9.3.5.3 Market Estimates & Forecast, By End-User, 2018-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, By Service, 2018-2023

9.3.6.2 Market Estimates & Forecast, By Solution, 2018-2023

9.3.6.3 Market Estimates & Forecast, By End-User, 2018-2023

9.3.7 UK

9.3.7.1 Market Estimates & Forecast, By Service, 2018-2023

9.3.7.2 Market Estimates & Forecast, By Solution, 2018-2023

9.3.7.3 Market Estimates & Forecast, By End-User, 2018-2023

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, By Service, 2018-2023

9.3.8.2 Market Estimates & Forecast, By Solution, 2018-2023

9.3.8.3 Market Estimates & Forecast, By End-User, 2018-2023

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, By Service, 2018-2023

9.3.9.2 Market Estimates & Forecast, By Solution, 2018-2023

9.3.9.3 Market Estimates & Forecast, By End-User, 2018-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, By Country, 2018-2023

9.4.2 Market Estimates & Forecast, By Service, 2018-2023

9.4.3 Market Estimates & Forecast, By Solution, 2018-2023

9.4.4 Market Estimates & Forecast, By End-User, 2018-2023

9.4.5 China

9.4.5.1 Market Estimates & Forecast, By Service, 2018-2023

9.4.5.2 Market Estimates & Forecast, By Solution, 2018-2023

9.4.5.3 Market Estimates & Forecast, By End-User, 2018-2023

9.4.6 India

9.4.6.1 Market Estimates & Forecast, By Service, 2018-2023

9.4.6.2 Market Estimates & Forecast, By Solution, 2018-2023

9.4.6.3 Market Estimates & Forecast, By End-User, 2018-2023

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, By Service, 2018-2023

9.4.7.2 Market Estimates & Forecast, By Solution, 2018-2023

9.4.7.3 Market Estimates & Forecast, By End-User, 2018-2023

9.4.8 Rest of Asia Pacific

9.4.8.1 Market Estimates & Forecast, By Service, 2018-2023

9.4.8.2 Market Estimates & Forecast, By Solution, 2018-2023

9.4.8.3 Market Estimates & Forecast, By End-User, 2018-2023

9.6 Rest of the World

9.6.1 Market Estimates & Forecast, By Country, 2018-2023

9.6.2 Market Estimates & Forecast, By Service, 2018-2023

9.6.3 Market Estimates & Forecast, By Solution, 2018-2023

9.6.4 Market Estimates & Forecast, By End-User, 2018-2023

9.6.5 Latin America

9.6.5.1 Market Estimates & Forecast, By Service, 2018-2023

9.6.5.2 Market Estimates & Forecast, By Solution, 2018-2023

9.6.5.3 Market Estimates & Forecast, By End-User, 2018-2023

9.6.6 Middle East & Africa

9.6.6.1 Market Estimates & Forecast, By Service, 2018-2023

9.6.6.2 Market Estimates & Forecast, By Solution, 2018-2023

9.6.6.3 Market Estimates & Forecast, By End-User, 2018-2023

10 Competitive Landscape

10.1 Competitive Scenario

10.1.1 Competitive Overview of the Demand Response Management System Market

10.1.2 Competitive Benchmarking of the Demand Response Management System Market

10.1.3 Market Share Analysis: Demand Response Management System Service Provider

10.1.5 New Product Development

10.1.6 Merger & Acquisition in Demand Response Management System Market

10.1.7 Partnership/Collaboration

10.1.8 Joint Ventures

11 Company Profiles

11.1 ABB

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Product Offerings

11.1.4 Key Developments

11.1.6 SWOT Analysis

11.1.6 Key Strategy

11.2 Enel X North America, Inc.

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Product Offerings

11.2.4 Key Developments

11.2.6 SWOT Analysis

11.2.6 Key Strategy

11.3 Siemens AG

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Product Offerings

11.3.4 Key Developments

11.3.6 SWOT Analysis

11.3.6 Key Strategy

11.4 Eaton

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Product Offerings

11.4.4 Key Developments

11.4.6 SWOT Analysis

11.4.6 Key Strategy

11.5 Schneider Electric

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Product Offerings

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.6.6 Key Strategy

11.6 Honeywell International Inc

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Product Offerings

11.6.4 Key Developments

11.6.6 SWOT Analysis

11.6.6 Key Strategy

11.7 Opower, Inc.

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Product Offerings

11.7.4 Key Developments

11.7.6 SWOT Analysis

11.7.6 Key Strategy

11.8 Comverge, Inc

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Product Offerings

11.8.4 Key Developments

11.8.6 SWOT Analysis

11.8.6 Key Strategy

11.9 Johnson Controls, Inc

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Product Offerings

11.9.4 Key Developments

11.9.6 SWOT Analysis

11.9.6 Key Strategy
Note: The companies listed above are based on initial secondary research, the detailed list of players will be covered in the final study and according to the client requirements.
List of Table
Table 1 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 2 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 3 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 5 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY GEOGRAPHY

Table 6 NORTH AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 7 NORTH AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 8 NORTH AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 9 US DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

Table 10 US DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 11 US DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 12 US DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 13 CANADA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 14 CANADA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 15 CANADA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 16 EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 17 EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 18 EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 19 GERMANY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 20 GERMANY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 21 GERMANY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 22 ITALY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 23 ITALY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 24 ITALY DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 25 UK DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 26 UK DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 27 UK DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 28 SPAIN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 29 SPAIN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 30 SPAIN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 31 REST OF EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 32 REST OF EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 33 REST OF EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 34 ASIA-PACIFIC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 35 ASIA-PACIFIC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 36 ASIA-PACIFIC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 37 CHINA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 38 CHINA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 39 CHINA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 40 INDIA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 41 INDIA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 42 INDIA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 43 JAPAN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 44 JAPAN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 45 JAPAN DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 46 REST OF APAC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 47 REST OF APAC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 48 REST OF APAC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 49 REST OF THE WORLD DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 50 REST OF THE WORLD DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 51 REST OF THE WORLD DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 52 LATIN AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 53 LATIN AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 54 LATIN AMERICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 55 MIDDLE EAST AND AFRICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SERVICE

Table 56 MIDDLE EAST AND AFRICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY SOLUTION

Table 57 MIDDLE EAST AND AFRICA DEMAND RESPONSE MANAGEMENT SYSTEM MARKET BY END-USER

Table 58 NEW PRODUCT DEVELOPMENT: - KEY DEVELOPMENT ANALYSIS, 2014 TO 2017

Table 59 MAJOR ACQUISITION & EXPANSION: - KEY DEVELOPMENT ANALYSIS, 2014 TO 2017  
List of Figure
FIGURE 1 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET: MARKET STRUCTURE

FIGURE 2 RESEARCH SOLUTION TYPE OF MRFR

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH

FIGURE 4 DROC ANALYSIS OF GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

FIGURE 6 DRIVERS IMPACT ANALYSIS: DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

FIGURE 6 RESTRAINTS IMPACT ANALYSIS: DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

FIGURE 7 VALUE CHAIN: DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET

FIGURE 10 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY SERVICE, 2017 (% SHARE)

FIGURE 11 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY SOLUTION, 2017 (% SHARE)

FIGURE 12 GLOBAL DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY END-USER, 2017 (% SHARE)

FIGURE 13 NORTH AMERICA: DEMAND RESPONSE MANAGEMENT SYSTEM MARKETSHARE, BY COUNTRY, 2017 (% SHARE)

FIGURE 14 EUROPE DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2017 (% SHARE)

FIGURE 15 ASIA PACIFIC DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2017 (% SHARE)

FIGURE 16 REST OF THE WORLD DEMAND RESPONSE MANAGEMENT SYSTEM MARKET, BY REGION, 2017 (% SHARE)

FIGURE 17 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 18 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2017 (% SHARE)