Global Demand Response Management Systems Market Report to 2035 – Featuring Ameresco, Direct Energy, Eaton and Itron Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Demand Response Management Systems (DRMS) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Demand Response Management Systems (DRMS) estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$10.1 Billion by 2026, growing at a CAGR of 15.2% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to grow at a 14.6% CAGR to reach US$6.7 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 17.6% CAGR for the next 7-year period. This segment currently accounts for a 24.7% share of the global Demand Response Management Systems (DRMS) market.

The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $608.5 Million by 2026

The Demand Response Management Systems (DRMS) market in the U.S. is estimated at US$3.1 Billion in the year 2021. The country currently accounts for a 64.25% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$608.5 Million in the year 2026 trailing a CAGR of 21.2% through the analysis period.

Select Competitors (Total 83 Featured) –

• Aclara Technologies LLC
• Ameresco, Inc.
• AutoGrid Systems, Inc.
• CPower, Inc.
• Direct Energy, LP
• Eaton Corporation plc
• Enel X S.r.l.
• General Electric Company
• Honeywell International, Inc.
• Itron, Inc.
• Johnson Controls International Plc
• Landis+Gyr AG
• Lockheed Martin Corporation
• Nexant, Inc.
• NRG Energy, Inc.
• Open Access Technology International, Inc. (OATI)
• Schneider Electric S.E.
• Siemens AG
• Tantalus Systems Corp.
• Trilliant Holdings, Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of COVID-19 Pandemic and Looming Global Recession
• DRMS Holds Significance for Effective Management of Power Demand Changes Amid the Pandemic
• Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
• World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
• An Introduction to Demand Response Management Systems (DRMS)
• Primary Objectives of Demand Response
• Approaches to Implement Demand Response Programs
• Classification of Demand Response Programs
• Key Components/Technologies Enabling Demand Response
• Demand Response: An Essential Tool to Support Economic, Eco-Friendly and Efficient Optimization of Power Generation & Distribution

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Myriad Economic and Operational Benefits Drive Widespread Market Adoption
• Key Benefits of ADR Programs
• Technology Disruptions in the Global Electric Power Industry: The Fundamental Growth Driver
• Growing Prominence of Electrification for Cutting down Carbon Emissions
• DR Holds Importance Amidst Decentralization of Power Grid
• Digitalization Enables Increased Communication among Devices
• Demand Side Response Leveraging AI and ML Approaches
• Need for Newer DR Models for Replacing Manual Energy Curtailments Drive Demand for ADR Technologies
• Advanced Demand Response 3.0: The Future of DR
• DR 1.0 to DR 3.0: Tracing the Progression of DR
• Integration of Internet of Things (IoT) with Demand Response Drives the Evolution of Connected Utilities
• Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
• Sub-Greedient: The IoT-Based DR Approach
• Demand Response Holds Promises to Transform Smart Homes of the Future
• Growing Investments into Smart Homes Bode Well for DRMS Market: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
• Integration of Smart Buildings into Smart Grids Using ADR
• Building Simulation Software for Assessing Effectiveness of DR in Residential Buildings
• Rise of Smart Cities and Focus on Smart Energy Management Spurs Growth
• Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
• DRMS Remain a Vital Computing Platform for Enhancing Operation of Smart Grids
• Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
• DRMS Emerges as a Critical Technology for Smart Grids
• ToUPS DR Program Beneficial for DSOs and Customers
• Smart Grids Implementation Augurs Well for Residential DRMS Market
• Disaster Response Sector Relies on Power Generators for Ensuring Power Supply during Outages
• Use of Big Data Analytics by Utilities to Benefits Analytical and Behavioral DSM
• Surging Demand for DRMS from Electric Utilities Worldwide to Boost Market Expansion
• Changing Electricity Demand Dynamics Compel Utilities to Adopt DRMS
• Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
• China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
• DR Resources Play a Critical Part in Stabilizing Electricity Supply for Utility and Grid Operator
• DR Reduces Need for Investments into New Power Generation and Grid Infrastructure
• Differentiation in Service Offerings: A Major Benefit with DR Services
• DR Promises to Curtail Unnecessary Expenditure on New Distribution Grid Infrastructure
• Enhancing Profitability of DR on the Small-Scale
• Incentives for Electricity-usage Curtailments to Boost Penetration in Industrial, Commercial, and Residential Sectors
• Commercial Buildings Offer Huge Market Potential for Demand Response
• Residential Sector to Exhibit Fastest Growth in the Near Term
• Inevitable Shift to Intermittent Renewable Sources of Energy Drives Demand for DRMS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ejiuis

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