Growth of Smart Demand Response Market in Global Industry : Trends and Application 2017-2025

Researchmoz added Most up-to-date research on “Smart Demand Response Market (By End User – Residential, Commercial, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2025” to its huge collection of research reports.

Demand response refers to the change in electricity usage by an end-user in response to signals from the grid operators or utilities. The end-user’s participation in a program of this nature is a response to factors such as: greater awareness, an increased sense of responsibility, incentive pricing and new tariff schemes. Demand response programs are designed primarily to shift or curtail load for a short period of time; they are primarily of two types: price-based response (voluntary) and incentive-based demand response (contractually mandatory).

Price-based demand response is change in electricity usage by end-users in response to the price signals. Price-based demand response includes: critical-peak pricing (CTP), real-time pricing (RTP), and time-of-use (TOU) rates. Incentive-based demand response programs are established by grid operators, utilities, or load-serving entities. The participating customers are paid to reduce their power consumption as requested by the market participants. Incentive-based demand response programs includes: ancillary service market programs, capacity market programs, emergency demand response programs, demand bidding/buyback programs, direct load control, and interruptible/curtailable services.

The present research is designed to estimate, analyze, and forecast the market revenue of the global smart demand response market. The research provides in-depth analysis of the market size of the global smart demand response market in terms of revenue and demand response capacity. This research report covers key end-users of smart demand response market; and they are segmented as: residential, commercial, and industrial. This market study on smart demand response also provides historical data, detailed analysis and statistically refined forecast for the end-user, demand response capacity, and geographical segments.

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The global smart demand response market size has been estimated on the basis of indicators in the end-user and demand response capacity segment. Furthermore, the market size for smart demand response has been derived considering the investments in demand response programs and smart grid technologies including smart meters and communication systems. This market study provides detailed analysis and forecast of the smart demand response market on a global, regional, and country level (Asia Pacific) from 2014 to 2025.

On the global level, the smart demand response market has been segmented based on the market revenue (USD Million) and demand response capacity (MW) from 2014 to 2025. For in-depth understanding of the smart demand response market at regional and country level, market’s growth has been forecasted in terms of market revenue (USD Million) and demand response capacity (MW) from 2014 to 2025. The smart demand response market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The country-wise segmentation of Asia Pacific’s smart demand response market includes: Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Philippines, India, and Rest of Asia Pacific. For the purview of this report, Rest of Asia Pacific segment includes countries such as: China, Japan, Singapore, Australia, South Korea, and New Zealand.

The smart demand response market research report includes market drivers, market restraints and market opportunities and their impact on the growth of the global smart demand response market over the forecast period. Furthermore, the smart demand response market study encompasses opportunities for market growth at the global, regional and country level (Asia Pacific). In order to collate the global smart demand response research report, we have conducted in-depth primary interviews and discussion with numerous key industry opinion leaders and participants. Primary research represents the bulk of our research efforts coupled with an extensive secondary research. We have also reviewed key players’ product portfolio, annual reports, press releases and relevant documents for competitive analyses and better understanding of the smart demand response market. Secondary research includes in-depth research on current trends, internet sources, trade journals, technical writing, and statistical data from associated approach for obtaining concise data, capturing industry participants’ insights and recognizing growth opportunities.

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