Global Demand Response Market 2024-2028

The demand response (DR) market is forecasted to grow by USD 2.90 bn during 2023-2028, accelerating at a CAGR of 8.01% during the forecast period. The report on the demand response (DR) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.25%
CAGR	8.01%
Incremental Value	$2.90bn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing gap between electricity supply and demand, increased cost of electricity, and growing government support to manage the shortage of electricity.

Technavio's demand response (DR) market is segmented as below:

By Product

Hardware and software
Service

By End-user

Industrial
Residential
Commercial

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emerging concept of the Internet of Things as one of the prime reasons driving the demand response (DR) market growth during the next few years. Also, increased generation of electricity from clean energy sources and the emergence of data-driven demand response will lead to sizable demand in the market.

The report on the demand response (DR) market covers the following areas:

Demand response (DR) market sizing
Demand response (DR) market forecast
Demand response (DR) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading demand response (DR) market vendors that include ABB Ltd., ALSTOM SA, Cisco Systems Inc., Cpower, Eaton Corp. Plc, Encycle Corp., Enel Spa, General Electric Co., Hitachi Ltd., Honeywell International Inc., Itron Inc., Johnson Controls International Plc, Landis Gyr AG, Lockheed Martin Corp., LS Power Development LLC, Mitsubishi Electric Corp., Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp.. Also, the demand response (DR) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR41453

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global demand response market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global demand response market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Hardware and software - Market size and forecast 2023-2028
Exhibit 34: Chart on Hardware and software - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Hardware and software - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Hardware and software - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Hardware and software - Year-over-year growth 2023-2028 (%)
6.4 Service - Market size and forecast 2023-2028
Exhibit 38: Chart on Service - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Service - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Service - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Service - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Industrial - Market size and forecast 2023-2028
Exhibit 48: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.4 Residential - Market size and forecast 2023-2028
Exhibit 52: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
Exhibit 56: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ billion)
Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Canada - Market size and forecast 2023-2028
Exhibit 91: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 115: ABB Ltd. - Overview
Exhibit 116: ABB Ltd. - Business segments
Exhibit 117: ABB Ltd. - Key offerings
Exhibit 118: ABB Ltd. - Segment focus
12.4 Cisco Systems Inc.
Exhibit 119: Cisco Systems Inc. - Overview
Exhibit 120: Cisco Systems Inc. - Business segments
Exhibit 121: Cisco Systems Inc. - Key news
Exhibit 122: Cisco Systems Inc. - Key offerings
Exhibit 123: Cisco Systems Inc. - Segment focus
12.5 Eaton Corp. Plc
Exhibit 124: Eaton Corp. Plc - Overview
Exhibit 125: Eaton Corp. Plc - Business segments
Exhibit 126: Eaton Corp. Plc - Key news
Exhibit 127: Eaton Corp. Plc - Key offerings
Exhibit 128: Eaton Corp. Plc - Segment focus
12.6 Enel Spa
Exhibit 129: Enel Spa - Overview
Exhibit 130: Enel Spa - Product / Service
Exhibit 131: Enel Spa - Key offerings
12.7 General Electric Co.
Exhibit 132: General Electric Co. - Overview
Exhibit 133: General Electric Co. - Business segments
Exhibit 134: General Electric Co. - Key news
Exhibit 135: General Electric Co. - Key offerings
Exhibit 136: General Electric Co. - Segment focus
12.8 Hitachi Ltd.
Exhibit 137: Hitachi Ltd. - Overview
Exhibit 138: Hitachi Ltd. - Business segments
Exhibit 139: Hitachi Ltd. - Key news
Exhibit 140: Hitachi Ltd. - Key offerings
Exhibit 141: Hitachi Ltd. - Segment focus
12.9 Honeywell International Inc.
Exhibit 142: Honeywell International Inc. - Overview
Exhibit 143: Honeywell International Inc. - Business segments
Exhibit 144: Honeywell International Inc. - Key news
Exhibit 145: Honeywell International Inc. - Key offerings
Exhibit 146: Honeywell International Inc. - Segment focus
12.10 Itron Inc.
Exhibit 147: Itron Inc. - Overview
Exhibit 148: Itron Inc. - Business segments
Exhibit 149: Itron Inc. - Key offerings
Exhibit 150: Itron Inc. - Segment focus
12.11 Johnson Controls International Plc
Exhibit 151: Johnson Controls International Plc - Overview
Exhibit 152: Johnson Controls International Plc - Business segments
Exhibit 153: Johnson Controls International Plc - Key news
Exhibit 154: Johnson Controls International Plc - Key offerings
Exhibit 155: Johnson Controls International Plc - Segment focus
12.12 LS Power Development LLC
Exhibit 156: LS Power Development LLC - Overview
Exhibit 157: LS Power Development LLC - Product / Service
Exhibit 158: LS Power Development LLC - Key offerings
12.13 Mitsubishi Electric Corp.
Exhibit 159: Mitsubishi Electric Corp. - Overview
Exhibit 160: Mitsubishi Electric Corp. - Business segments
Exhibit 161: Mitsubishi Electric Corp. - Key news
Exhibit 162: Mitsubishi Electric Corp. - Key offerings
Exhibit 163: Mitsubishi Electric Corp. - Segment focus
12.14 Oracle Corp.
Exhibit 164: Oracle Corp. - Overview
Exhibit 165: Oracle Corp. - Business segments
Exhibit 166: Oracle Corp. - Key news
Exhibit 167: Oracle Corp. - Key offerings
Exhibit 168: Oracle Corp. - Segment focus
12.15 Schneider Electric SE
Exhibit 169: Schneider Electric SE - Overview
Exhibit 170: Schneider Electric SE - Business segments
Exhibit 171: Schneider Electric SE - Key news
Exhibit 172: Schneider Electric SE - Key offerings
Exhibit 173: Schneider Electric SE - Segment focus
12.16 Siemens AG
Exhibit 174: Siemens AG - Overview
Exhibit 175: Siemens AG - Business segments
Exhibit 176: Siemens AG - Key news
Exhibit 177: Siemens AG - Key offerings
Exhibit 178: Siemens AG - Segment focus
12.17 Toshiba Corp.
Exhibit 179: Toshiba Corp. - Overview
Exhibit 180: Toshiba Corp. - Business segments
Exhibit 181: Toshiba Corp. - Key news
Exhibit 182: Toshiba Corp. - Key offerings
Exhibit 183: Toshiba Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations