Global Demand Response (DR) Market Growth (Status and Outlook) 2024-2030

Global Demand Response (DR) Market Growth (Status and Outlook) 2024-2030

Demand response is a change in the power consumption of an electric utility customer to better match the demand for power with the supply. Until recently electric energy could not be easily stored, so utilities have traditionally matched demand and supply by throttling the production rate of their power plants, taking generating units on or off line, or importing power from other utilities. There are limits to what can be achieved on the supply side, because some generating units can take a long time to come up to full power, some units may be very expensive to operate, and demand can at times be greater than the capacity of all the available power plants put together. Demand response seeks to adjust the demand for power instead of adjusting the supply.

The global Demand Response (DR) market size is projected to grow from US$ 6414.2 million in 2023 to US$ 9297.4 million in 2030; it is expected to grow at a CAGR of 5.4% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Demand Response (DR) Industry Forecast” looks at past sales and reviews total world Demand Response (DR) sales in 2023, providing a comprehensive analysis by region and market sector of projected Demand Response (DR) sales for 2024 through 2030. With Demand Response (DR) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Demand Response (DR) industry.

This Insight Report provides a comprehensive analysis of the global Demand Response (DR) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Demand Response (DR) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Demand Response (DR) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Demand Response (DR) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Demand Response (DR).

United States market for Demand Response (DR) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Demand Response (DR) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Demand Response (DR) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Demand Response (DR) players cover ABB, CPower (LS Power), Enel X, Honeywell International and Itron (Comverge), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Demand Response (DR) market by product type, application, key players and key regions and countries.

Segmentation by type
Hardware
Service
Software

Segmentation by application
Industrial
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
CPower (LS Power)
Enel X
Honeywell International
Itron (Comverge)
Schneider Electric
Siemens
GE-Alstom
Toshiba
Eaton
Landis+Gyr
Cisco
Oracle Opower
Nest Labs
EnergyHub
Johnson Controls
Tantalus Systems
Hitachi
Mitsubishi Electric
AutoGrid

Please note: The report will take approximately 2 business days to prepare and deliver.