Global Demand Response (DR) Market Will Grow At A CAGR Of 15.85% During The Period 2017-2021
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About Demand Response (DR)
Demand response (DR) is defined as the change in power consumption by a utility's customers to reduce the gap between demand and supply of electricity. DR solutions help capture the benefits of time-based rates or financial incentives by consumers. This is done by reducing or shifting their electricity consumption during the peak hours of demand. DR further helps electricity providers to decrease costs by reducing the peak demand and prevents power companies from investing in new plants to meet the excess energy demand. Thus, the power and energy industries consider DR programs as an extremely valuable resource whose capabilities are expanded by grid modernization efforts.
Technavios analysts forecast the global demand response (DR) market to grow at a CAGR of 15.85% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global demand response (DR) market for 2017-2021. To calculate the market size, the report considers the new installations sales, revenue, aftermarket, and services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Demand Response (DR) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
CPower
EnerNOC
Honeywell International
Itron (Comverge)
Schneider Electric
Siemens
Other prominent vendors
ALSTOM
Cisco
Eaton
Landis+Gyr
Oracle
Toshiba
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Market driver
Increasing gap between electricity supply and demand
For a full, detailed list, view our report
Market challenge
Growing threat of hacking
For a full, detailed list, view our report
Market trend
Emerging concept of Internet of Things (IoT)
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
Market outline
Market opportunity
Overall impact of drivers and challenges on global DR market
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Market segmentation by product
Market overview
Global DR market by hardware and software
Global DR market by service
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