HOME Top Market Reports Demand Response Management System Market by Types (Commercial, Industrial, Residential), Services (Curtailment, System Integration, Professional), Verticals (Manufacturing, Agriculture, Commercial Buildings), Regions - Global Forecast to 2020

Demand Response Management System Market by Types (Commercial, Industrial, Residential), Services (Curtailment, System Integration, Professional), Verticals (Manufacturing, Agriculture, Commercial Buildings), Regions - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: TC 2297

 

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The integration of Internet of Things (IoT) and Information and Communications Technology (ICT) into energy has led to a tremendous growth in automation along with real-time processing of data. The electricity consumption patterns of users are also analyzed by the service providers, which helps in increasing energy efficiency by cumulative participation of users and service providers. Utilities, therefore, organize Demand Response Management System (DRMS) programs and motivate the users to change their usage pattern during peak consumption hours to balance energy supply and demand and grid reliability.

The DRMS market is driven due to energy price volatility and growing smart grid roll-outs and is expected to grow from USD 8.06 Billion in 2015 to USD 31.69 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 31.5% from 2015 to 2020. North America is expected to lead the DRMS market in terms of market size during the forecast period. Asia-Pacific is expected to witness growth at the highest CAGR during the forecast period. Among the verticals, manufacturing is expected to hold the largest share of market due to heavy electricity consumption.

The Demand Response Management System market report will help the market leaders or new entrants in this market in better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers and acquisitions, VC funding, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals have been provided that can put one ahead of the competitors.

Scope of the Report

The research report categorizes the Demand Response Management System market to forecast the market size and analyze the trends in each of the following sub-markets:

DRMS market on the basis of solutions:

  • Commercial DRMS
  • Industrial DRMS
  • Residential DRMS

DRMS market on the basis of services:

  • Curtailment Services
  • System Integration & Consulting Services
  • Managed Services
  • Support & Maintenance

DRMS market on the basis of verticals:

  • Manufacturing
  • Office & Commercial Buildings
  • Municipal, University, School, & Hospital Systems (MUSH)
  • Energy & Power
  • Agriculture

DRMS market on the basis of regions:

  • North America
  • Europe
  • Middle-East and Africa
  • Asia-Pacific
  • Latin America

 Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Demand Response Management System Market
    4.2 DRMS Overall Market 2015 vs 2020
    4.3 DRMS Market, By Solution, 2015-2020
    4.4 DRMS Market, Regions vs Services, 2015–2020
    4.5 Lifecycle Analysis, By Region
    4.6 Market Investment Scenario
    4.7 Regional Adoption Scenario: DRMS

5 Demand Response Management System Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Service
           5.3.3 By Vertical
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Smart Grid Roll-Outs
                    5.4.1.2 Energy Price Volatility
                    5.4.1.3 Customer Switching
           5.4.2 Restraints
                    5.4.2.1 Lack of Mandates
                    5.4.2.2 Budgetary Constraints for Utilities
           5.4.3 Opportunities
                    5.4.3.1 Benefits of Cloud Based DRMS
                    5.4.3.2 Untapped Residential DRMS Market
           5.4.4 Challenges
                    5.4.4.1 Costs of Roof Top Units (Rtus) to Connect Small Scale Customers

6 Demand Response Management System Market: Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry
    6.4 Strategic Benchmarking

7 Demand Response Management System Market Analysis, By Solution (Page No. - 50)
    7.1 Introduction
    7.2 Commercial DRMS
    7.3 Industrial DRMS
    7.4 Residential DRMS

8 Demand Response Management System Market Analysis, By Service (Page No. - 56)
    8.1 Introduction
    8.2 Curtailment Services
    8.3 System Integration & Consulting Services
    8.4 Managed Services
    8.5 Support & Maintenance Services

9 Demand Response Management System Market Analysis, By Vertical (Page No. - 63)
    9.1 Introduction
    9.2 Manufacturing
    9.3 Office & Commercial Buildings
    9.4 Municipal, University, School and Hospital (MUSH)
    9.5 Energy & Power
    9.6 Agriculture

10 Geographic Analysis (Page No. - 70)
     10.1 Introduction
     10.2 North America 
             10.2.1 United States (U.S.)
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom (U.K.)
     10.4 Asia-Pacific
             10.4.1 Australia
     10.5 Middle-East and Africa
     10.6 Latin America
             10.6.1 Brazil

11 Competitive Landscape (Page No. - 98)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 New Product Launches
             11.2.2 Partnerships, Agreements, and Collaborations
             11.2.3 Mergers and Acquisitions

12 Company Profiles (Page No. - 105)
     12.1 Introduction
     12.2 ABB Ltd
             12.2.1 Business Overview
             12.2.2 ABB: Company Snapshot
             12.2.3 Products and Services
             12.2.4 Recent Developments
             12.2.5 MnM View
                        12.2.5.1 SWOT Analysis
                        12.2.5.2 Key Strategies
     12.3 Enernoc Inc.
             12.3.1 Business Overview
             12.3.2 Solutions and Services
             12.3.3 Recent Developments
             12.3.4 MnM View
                        12.3.4.1 SWOT Analysis
                        12.3.4.2 Key Strategies
     12.4 General Electric
             12.4.1 Business Overview
             12.4.2 Products and Services
             12.4.3 Recent Developments
             12.4.4 MnM View
                        12.4.4.1 SWOT Analysis
                        12.4.4.2 Key Strategies
     12.5 Schneider Electric SA
             12.5.1 Business Overview
             12.5.2 Solutions and Services
             12.5.3 Recent Developments
             12.5.4 MnM View
                        12.5.4.1 SWOT Analysis
                        12.5.4.2 Key Strategies
     12.6 Siemens AG
             12.6.1 Business Overview
             12.6.2 Solutions and Services
             12.6.3 Recent Developments
             12.6.4 MnM View
                        12.6.4.1 SWOT Analysis
                        12.6.4.2 Key Strategies
     12.7 Eaton Corporation
             12.7.1 Business Overview
             12.7.2 Solutions and Services
             12.7.3 Recent Developments
             12.7.4 MnM View
                        12.7.4.1 Key Strategies
     12.8 Honeywell International, Inc.
             12.8.1 Business Overview
             12.8.2 Products/Solutions and Services
             12.8.3 Recent Developments
             12.8.4 MnM View
                        12.8.4.1 Key Strategies
     12.9 Johnson Controls, Inc
             12.9.1 Business Overview
             12.9.2 Solutions and Services
             12.9.3 Recent Developments
             12.9.4 MnM View
                        12.9.4.1 Key Strategies
     12.10 Opower, Inc.
             12.10.1 Business Overview
             12.10.2 Solutions and Services
             12.10.3 Recent Developments
             12.10.4 MnM View
                        12.10.4.1 Key Strategies
     12.11 Comverge, Inc.
             12.11.1 Business Overview
             12.11.2 Solutions and Services
             12.11.3 Recent Developments
             12.11.4 MnM View
                        12.11.4.1 Key Strategies

13 Appendix (Page No. - 142)
     13.1 Insight of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (66 Tables)

Table 1 DRMS Components Market Size and Growth, 2013–2020 (USD Million, Y-O-Y %)
Table 2 Demand Response Management System Market Size, By Solution, 2013-2020 (USD Million)
Table 3 DRMS Market Size, Solution By Region, 2013–2020 (USD Million)
Table 4 Commercial DRMS: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 5 Industrial DRMS: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 6 Residential DRMS: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 7 DRMS Service Market Size, By Region, 2013–2020 (USD Million)
Table 8 DRMS Market Size, By Service, 2013-2020 (USD Million)
Table 9 Curtailment Services: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 10 System Integration & Consulting: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 11 Managed Services: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 12 Support & Maintenance: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 13 DRMS Market Size, By Vertical, 2013-2020 (USD Million)
Table 14 Manufacturing: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 15 Office & Commercial Buildings: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 16 Municipal, University, School and Hospital: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 17 Energy & Power: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 18 Agriculture: DRMS Market Size, By Region, 2013–2020 (USD Million)
Table 19 Demand Response Management System Market Size, By Region, 2013–2020 (USD Billion)
Table 20 North America: DRMS Market Size, By Country, 2013–2020 (USD Million)
Table 21 North America: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 22 North America: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 23 North America: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 24 North America: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 25 United States: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 26 United States: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 27 United States: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 28 United States: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 29 Canada: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 30 Canada: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 31 Canada: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 32 Canada: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 33 Europe: DRMS Market Size, By Country, 2013–2020 (USD Million)
Table 34 Europe: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 35 Europe: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 36 Europe: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 37 Europe: Demand Response Management System Market Size, By Vertical, 2013–2020 (USD Million)
Table 38 United Kingdom: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 39 United Kingdom: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 40 United Kingdom: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 41 United Kingdom: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 42 Asia-Pacific: DRMS Market Size, By Country, 2013–2020 (USD Million)
Table 43 Asia-Pacific: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 44 Asia-Pacific: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 45 Asia-Pacific: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 46 Asia-Pacific: Demand Response Management System Market Size, By Vertical, 2013–2020 (USD Million)
Table 47 Australia: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 48 Australia: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 49 Australia: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 50 Australia: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 51 Middle-East and Africa: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 52 Middle-East and Africa: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 53 Middle-East and Africa: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 54 Middle-East and Africa: Demand Response Management System Market Size, By Vertical, 2013–2020 (USD Million)
Table 55 Latin America: DRMS Market Size, By Country, 2013–2020 (USD Million)
Table 56 Latin America: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 57 Latin America: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 58 Latin America: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 59 Latin America: DRMS Market Size, By Vertical, 2013–2020 (USD Million)
Table 60 Brazil: DRMS Market Size, By Component, 2013–2020 (USD Million)
Table 61 Brazil: DRMS Market Size, By Solution, 2013–2020 (USD Million)
Table 62 Brazil: DRMS Market Size, By Service, 2013–2020 (USD Million)
Table 63 Brazil: Demand Response Management System Market Size, By Vertical, 2013–2020 (USD Million)
Table 64 New Product Launches, 2013–2015
Table 65 Partnerships and Collaborations, 2013 – 2015
Table 66 Mergers and Acquisitions, 2013–2015


List of Figures (50 Figures)

Figure 1 Global Demand Response Management System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumptions
Figure 6 Limitations
Figure 7 DRMS Market Expected to Witness A High Y-O-Y Growth During 2015–2020
Figure 8 Top Three Segments for the DRMS Market in 2015–2020
Figure 9 North America is Expected to Hold the Largest Market Share in 2015
Figure 10 Smart Grid Roll-Outs is Driving the Market Towards Growth
Figure 11 Asia-Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 12 Residential DRMS Market to Grow at the Highest Rate in the DRMS Market
Figure 13 Information Management is Leading the DRMS Service Market in Terms of Market Share in 2015
Figure 14 Evolution of Demand Response Management System Market
Figure 15 DRMS Market Segmentation: By Solution
Figure 16 DRMS Market Segmentation: By Service
Figure 17 DRMS Market Segmentation: By Vertical
Figure 18 DRMS Market Segmentation: By Region
Figure 19 DRMS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 DRMS: Value Chain Analysis
Figure 21 Demand Response Management System Market: Porter’s Five Forces Analysis
Figure 22 Companies Adopt Different Strategies to Gain Competitive Advantage
Figure 23 Execution of Dr Programs
Figure 24 North America is Expected to Lead the DRMS Solutions Market in Terms of Market Size During the Forecast Period
Figure 25 Majority of the Market is Expected to Be Dominated By North America During the Forecast Period
Figure 26 Majority of the Market is Expected to Be Dominated By Manufacturing During the Forecast Period
Figure 27 Asia-Pacific: an Attractive Destination for the DRMS Market, 2015–2020
Figure 28 Asia-Pacific has the Highest Growth Rate From 2015 to 2020
Figure 29 Regional Snapshot: Asia-Pacific as A Hotspot During the Period 2015–2020
Figure 30 North America Market: Snapshot
Figure 31 Asia-Pacific Market: Snapshot
Figure 32 Companies Adopted New Product Launches and Enhancements as the Key Growth Strategy During the Period 2013-2015
Figure 33 Area-Chart Showing Historical Compound Annual Growth Rate of Top 5 Players
Figure 34 Demand Response Management System Market Evaluation Framework
Figure 35 Battle for Market Share: New Product Launch and Agreements and Expansion Was the Key Strategy
Figure 36 Geographic Revenue Mix of the Top 5 Market Players
Figure 37 ABB: SWOT Analysis
Figure 38 Enernoc: Company Snapshot
Figure 39 Enernoc: SWOT Analysis
Figure 40 General Electric: Company Snapshot
Figure 41 General Electric: SWOT Analysis
Figure 42 Schneider Electric SA: Company Snapshot
Figure 43 Schneider Electric SA: SWOT Analysis
Figure 44 Siemens AG: Company Snapshot
Figure 45 Siemens AG: SWOT Analysis
Figure 46 Eaton Corporation: Company Snapshot
Figure 47 Honeywell: Company Snapshot
Figure 48 Jhonson Controls: Company Snapshot
Figure 49 Opower: Company Snapshot
Figure 50 Comverge: Company Snapshot

Demand Response Management System (DRMS) is one of the crucial peak load management tools with considerable benefits in reducing the imbalance between energy supply and demand. Demand Response (DR) and Energy Efficiency (EE) collectively help in Demand-Side Management (DSM) of energy that encourages consumers to modify their levels and patterns of electricity consumption, along with improved grid reliability. DR and EE programs can defer the need to build highly cost-intensive power plants for electricity generation that are also detrimental to the environment.

DR emerged from the traditional practice of load shedding, which was a common practice during the 1970s, where utilities and service providers would cut the power supply of some regions during peak demand. With the emergence of traditional rebate-based DSM programs, the analysis of load requirements in different conditions began and determination of load reduction limits came into existence. This amalgamation of innovation had led to the further evolution of DR systems embedded with features such as dynamic pricing, meter data management, analytics, and load management. With the increasing integration of Information and Communications Technology (ICT) and Internet of Things (IoT) into energy, the application of AMI meters and real-time information monitoring have led the evolution of smart DRMS solutions.

Growing roll-outs of smart grids has increased the application of AMI meters, enhanced customer energy management systems, automation in the transmission, and distribution (T&D) system and integration of renewable energy.

AMI meters provide direct load control capabilities to the utilities as DR units can communicate directly to the AMI meter which controls residential appliances and thermostats for load reduction. Therefore, the roll-out of smart grid is the primary driver for the Demand Response Management System market. Other driving forces include energy price volatility and customer switching.

The emergence of automated DR has also been contributing towards the growth of the market. The cost benefits of Software-as-a-Service (SaaS) and cloud-based deployment of DRMS solutions provide a wholesome opportunity of growth to the market.

DR technology has been around for a while now but except for the U.S., the global adoption rate of DR programs has been slow. Absence of a single market model and lack of regulatory mandates in the European region have been the major factors for the slow growth of the DR market in this region. Many countries in the APAC region have a strong business case for implementing DR resources and the market in this region is expected to experience significant growth opportunities.

The DRMS market report has been segmented on the basis of solutions, services, verticals, and regions. DRMS on the basis of solutions include different applications of DRMS solutions such as commercial DRMS, industrial DRMS, and residential DRMS. Services include curtailment services, system integration and consulting services, managed services, and support & maintenance services. Verticals covered in the report include manufacturing; office and commercial buildings; municipal, university, school and hospital systems (MUSH); energy & power; and agriculture among others.

The Demand Response Management System market is estimated to be valued at USD 8.06 Billion in 2015 and is projected to reach USD 31.69 Billion by 2020, at a CAGR of 31.5% between 2015 and 2020.

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