PUBLISHER: KBV Research | PRODUCT CODE: 1584975
PUBLISHER: KBV Research | PRODUCT CODE: 1584975
North America Demand Response Management System Market Size, Share & Trends Analysis Report By Technology (Automated, and Conventional), By Application (Industrial, Residential, and Commercial), By Country and Growth Forecast, 2024 - 2031
The North America Demand Response Management System Market would witness market growth of 15.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Demand Response Management System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,876.4 Million by 2031. The Canada market is expected to witness a CAGR of 18% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.1% during (2024 - 2031).
The demand response management system market focuses on technologies and services designed to optimize electricity consumption in response to supply conditions, particularly during peak demand periods. This market is essential to modern energy management strategies, helping utilities, businesses, and consumers manage energy use effectively while promoting sustainability.
Demand response management systems are utilized across various sectors to enhance energy efficiency and sustainability. Homeowners can participate in demand response programs, encouraging reduced energy consumption during peak times. Smart appliances, smart thermostats, and home energy management systems allow consumers to manage their energy usage effectively. For example, homeowners might receive notifications during high-demand periods to delay using energy-intensive appliances, such as dishwashers or washing machines.
the demand response management system market is experiencing significant development due to the growing acceptance of electric and hybrid vehicles in the US. As energy consumption patterns shift, managing and balancing electricity demand becomes critical, particularly with the expansion of electric vehicle (EV) usage. As per the U.S. Energy Information Administration, sales of electric and hybrid vehicles rose to 18.7% of total new light-duty vehicle (LDV) sales in the second quarter of 2024, up from 17.8% in the first quarter. This trend reflects an accelerating transition toward cleaner transportation options, and as a result, energy demand profiles across the country are evolving rapidly.
EVs act as energy storage units that can supply power back to the grid during high demand. DRMS solutions can effectively coordinate this energy exchange, creating a more resilient and responsive power grid. This configuration is consistent with the energy efficiency and renewable integration objectives of the United States, thereby benefiting both renewable energy sources, such as solar and wind, that depend on demand management for stability and reducing carbon emissions. Thus, rising electricity production and increasing sales of EVs in the region are driving the growth of the market.
Based on Technology, the market is segmented into Automated, and Conventional. Based on Application, the market is segmented into Industrial, Residential, and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ABB Group
- Honeywell International, Inc.
- Schneider Electric SE
- Siemens AG
- Eaton Corporation plc
- General Electric Company
- Johnson Controls International PLC
- Trilliant Holdings, Inc.
- Alstom SA
- Enel S.p.A
North America Demand Response Management System Market Report Segmentation
By Technology
- Automated
- Conventional
By Application
- Industrial
- Residential
- Commercial
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Demand Response Management System Market, by Technology
- 1.4.2 North America Demand Response Management System Market, by Application
- 1.4.3 North America Demand Response Management System Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Nov - 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Demand Response Management System Market by Technology
- 5.1 North America Automated Market by Region
- 5.2 North America Conventional Market by Region
Chapter 6. North America Demand Response Management System Market by Application
- 6.1 North America Industrial Market by Country
- 6.2 North America Residential Market by Country
- 6.3 North America Commercial Market by Country
Chapter 7. North America Demand Response Management System Market by Country
- 7.1 US Demand Response Management System Market
- 7.1.1 US Demand Response Management System Market by Technology
- 7.1.2 US Demand Response Management System Market by Application
- 7.2 Canada Demand Response Management System Market
- 7.2.1 Canada Demand Response Management System Market by Technology
- 7.2.2 Canada Demand Response Management System Market by Application
- 7.3 Mexico Demand Response Management System Market
- 7.3.1 Mexico Demand Response Management System Market by Technology
- 7.3.2 Mexico Demand Response Management System Market by Application
- 7.4 Rest of North America Demand Response Management System Market
- 7.4.1 Rest of North America Demand Response Management System Market by Technology
- 7.4.2 Rest of North America Demand Response Management System Market by Application
Chapter 8. Company Profiles
- 8.1 ABB Group
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.6 SWOT Analysis
- 8.2 Honeywell International, Inc.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Product Launches and Product Expansions:
- 8.2.6 SWOT Analysis
- 8.3 Schneider Electric SE
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Product Launches and Product Expansions:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Siemens AG
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Product Launches and Product Expansions:
- 8.4.6 SWOT Analysis
- 8.5 Eaton Corporation PLC
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 General Electric Company
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
- 8.7 Johnson Controls International PLC
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental & Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 Trilliant Holdings, Inc.
- 8.8.1 Company Overview
- 8.8.2 Recent strategies and developments:
- 8.8.2.1 Partnerships, Collaborations, and Agreements:
- 8.9 Alstom SA
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 SWOT Analysis
- 8.10. Enel S.p.A
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Demand Response Management System Market, 2020 - 2023, USD Million
- TABLE 2 North America Demand Response Management System Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Demand Response Management System Market
- TABLE 4 Product Launches And Product Expansions- Demand Response Management System Market
- TABLE 5 Acquisition and Mergers- Demand Response Management System Market
- TABLE 6 North America Demand Response Management System Market by Technology, 2020 - 2023, USD Million
- TABLE 7 North America Demand Response Management System Market by Technology, 2024 - 2031, USD Million
- TABLE 8 North America Automated Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Automated Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America Conventional Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America Conventional Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Demand Response Management System Market by Application, 2020 - 2023, USD Million
- TABLE 13 North America Demand Response Management System Market by Application, 2024 - 2031, USD Million
- TABLE 14 North America Industrial Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Industrial Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Residential Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Residential Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Commercial Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Commercial Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Demand Response Management System Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Demand Response Management System Market by Country, 2024 - 2031, USD Million
- TABLE 22 US Demand Response Management System Market, 2020 - 2023, USD Million
- TABLE 23 US Demand Response Management System Market, 2024 - 2031, USD Million
- TABLE 24 US Demand Response Management System Market by Technology, 2020 - 2023, USD Million
- TABLE 25 US Demand Response Management System Market by Technology, 2024 - 2031, USD Million
- TABLE 26 US Demand Response Management System Market by Application, 2020 - 2023, USD Million
- TABLE 27 US Demand Response Management System Market by Application, 2024 - 2031, USD Million
- TABLE 28 Canada Demand Response Management System Market, 2020 - 2023, USD Million
- TABLE 29 Canada Demand Response Management System Market, 2024 - 2031, USD Million
- TABLE 30 Canada Demand Response Management System Market by Technology, 2020 - 2023, USD Million
- TABLE 31 Canada Demand Response Management System Market by Technology, 2024 - 2031, USD Million
- TABLE 32 Canada Demand Response Management System Market by Application, 2020 - 2023, USD Million
- TABLE 33 Canada Demand Response Management System Market by Application, 2024 - 2031, USD Million
- TABLE 34 Mexico Demand Response Management System Market, 2020 - 2023, USD Million
- TABLE 35 Mexico Demand Response Management System Market, 2024 - 2031, USD Million
- TABLE 36 Mexico Demand Response Management System Market by Technology, 2020 - 2023, USD Million
- TABLE 37 Mexico Demand Response Management System Market by Technology, 2024 - 2031, USD Million
- TABLE 38 Mexico Demand Response Management System Market by Application, 2020 - 2023, USD Million
- TABLE 39 Mexico Demand Response Management System Market by Application, 2024 - 2031, USD Million
- TABLE 40 Rest of North America Demand Response Management System Market, 2020 - 2023, USD Million
- TABLE 41 Rest of North America Demand Response Management System Market, 2024 - 2031, USD Million
- TABLE 42 Rest of North America Demand Response Management System Market by Technology, 2020 - 2023, USD Million
- TABLE 43 Rest of North America Demand Response Management System Market by Technology, 2024 - 2031, USD Million
- TABLE 44 Rest of North America Demand Response Management System Market by Application, 2020 - 2023, USD Million
- TABLE 45 Rest of North America Demand Response Management System Market by Application, 2024 - 2031, USD Million
- TABLE 46 Key Information - ABB Group
- TABLE 47 Key Information - Honeywell International, Inc.
- TABLE 48 Key Information - Schneider Electric SE
- TABLE 49 Key Information - Siemens AG
- TABLE 50 Key Information - Eaton Corporation PLC
- TABLE 51 Key Information - General Electric Company
- TABLE 52 Key Information - Johnson Controls International PLC
- TABLE 53 Key information - Trilliant Holdings, Inc.
- TABLE 54 Key Information - Alstom SA
- TABLE 55 Key Information - Enel S.p.A
