Demand Response Management System Market Research Report by Type, Services, Solutions, Verticals, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

The Global Demand Response Management System Market size was estimated at USD 10.34 billion in 2021 and expected to reach USD 11.23 billion in 2022, and is projected to grow at a CAGR 8.78% to reach USD 17.15 billion by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Demand Response Management System to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the market was studied across Automated Demand Response and Conventional Demand Response.

Based on Services, the market was studied across Curtailment Services, Managed Services, Support & Maintenance, and System Integration & Consulting Services.

Based on Solutions, the market was studied across Commercial DRMS, Industrial DRMS, and Residential DRMS.

Based on Verticals, the market was studied across Agriculture, Energy & Power, Manufacturing, Municipal, University, School, & Hospital Systems (MUSH), and Office & Commercial Buildings.

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Demand Response Management System market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Demand Response Management System Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Demand Response Management System Market, including ABB Ltd., Alstom SA, AutoGrid Systems, Inc., Conservation Resource Solutions, Inc., Eaton Corporation PLC, Encycle Corporation, Enel S.p.A., General Electric Company, Honeywell International Inc., Itron Inc., Johnson Controls International PLC, Lockheed Martin Corporation, Open Access Technology International, Inc., Operation Technology, Inc., Oracle Corporation, Ormat Technologies, Inc., Schneider Electric SE, Siemens AG, Tantalus Systems Holding Inc., Trilliant Holdings Inc., and Verdigris Technologies, Inc..

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Demand Response Management System Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Demand Response Management System Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Demand Response Management System Market?
4. What is the competitive strategic window for opportunities in the Global Demand Response Management System Market?
5. What are the technology trends and regulatory frameworks in the Global Demand Response Management System Market?
6. What is the market share of the leading vendors in the Global Demand Response Management System Market?
7. What modes and strategic moves are considered suitable for entering the Global Demand Response Management System Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing Incorporation of Demand Response in Smart Grids Worldwide
5.1.1.2. Increasing Need for DRMS in the Industrial 4.0 and Deployment of Smart Technologies
5.1.1.3. High Penetration of Automatic Demand Response Systems
5.1.2. Restraints
5.1.2.1. Dearth of High Budgets for Utilities and Multiple Competing Standards
5.1.3. Opportunities
5.1.3.1. Emerging Requirement from Residential Sector
5.1.3.2. Increasing Integration of Cloud-Based DRMS
5.1.4. Challenges
5.1.4.1. Privacy Concerns Associated with Demand Response Management System
5.2. Cumulative Impact of COVID-19

6. Demand Response Management System Market, by Type
6.1. Introduction
6.2. Automated Demand Response
6.3. Conventional Demand Response

7. Demand Response Management System Market, by Services
7.1. Introduction
7.2. Curtailment Services
7.3. Managed Services
7.4. Support & Maintenance
7.5. System Integration & Consulting Services

8. Demand Response Management System Market, by Solutions
8.1. Introduction
8.2. Commercial DRMS
8.3. Industrial DRMS
8.4. Residential DRMS

9. Demand Response Management System Market, by Verticals
9.1. Introduction
9.2. Agriculture
9.3. Energy & Power
9.4. Manufacturing
9.5. Municipal, University, School, & Hospital Systems (MUSH)
9.6. Office & Commercial Buildings

10. Americas Demand Response Management System Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Demand Response Management System Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Demand Response Management System Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.1.1. Quadrants
13.1.2. Business Strategy
13.1.3. Product Satisfaction
13.2. Market Ranking Analysis, By Key Player
13.3. Market Share Analysis, By Key Player
13.4. Competitive Scenario
13.4.1. Merger & Acquisition
13.4.2. Agreement, Collaboration, & Partnership
13.4.3. New Product Launch & Enhancement
13.4.4. Investment & Funding
13.4.5. Award, Recognition, & Expansion

14. Company Usability Profiles
14.1. ABB Ltd.
14.1.1. Business Overview
14.1.2. Key Executives
14.1.3. Product & Services
14.2. Alstom SA
14.2.1. Business Overview
14.2.2. Key Executives
14.2.3. Product & Services
14.3. AutoGrid Systems, Inc.
14.3.1. Business Overview
14.3.2. Key Executives
14.3.3. Product & Services
14.4. Conservation Resource Solutions, Inc.
14.4.1. Business Overview
14.4.2. Key Executives
14.4.3. Product & Services
14.5. Eaton Corporation PLC
14.5.1. Business Overview
14.5.2. Key Executives
14.5.3. Product & Services
14.6. Encycle Corporation
14.6.1. Business Overview
14.6.2. Key Executives
14.6.3. Product & Services
14.7. Enel S.p.A.
14.7.1. Business Overview
14.7.2. Key Executives
14.7.3. Product & Services
14.8. General Electric Company
14.8.1. Business Overview
14.8.2. Key Executives
14.8.3. Product & Services
14.9. Honeywell International Inc.
14.9.1. Business Overview
14.9.2. Key Executives
14.9.3. Product & Services
14.10. Itron Inc.
14.10.1. Business Overview
14.10.2. Key Executives
14.10.3. Product & Services
14.11. Johnson Controls International PLC
14.11.1. Business Overview
14.11.2. Key Executives
14.11.3. Product & Services
14.12. Lockheed Martin Corporation
14.12.1. Business Overview
14.12.2. Key Executives
14.12.3. Product & Services
14.13. Open Access Technology International, Inc.
14.13.1. Business Overview
14.13.2. Key Executives
14.13.3. Product & Services
14.14. Operation Technology, Inc.
14.14.1. Business Overview
14.14.2. Key Executives
14.14.3. Product & Services
14.15. Oracle Corporation
14.15.1. Business Overview
14.15.2. Key Executives
14.15.3. Product & Services
14.16. Ormat Technologies, Inc.
14.16.1. Business Overview
14.16.2. Key Executives
14.16.3. Product & Services
14.17. Schneider Electric SE
14.17.1. Business Overview
14.17.2. Key Executives
14.17.3. Product & Services
14.18. Siemens AG
14.18.1. Business Overview
14.18.2. Key Executives
14.18.3. Product & Services
14.19. Tantalus Systems Holding Inc.
14.19.1. Business Overview
14.19.2. Key Executives
14.19.3. Product & Services
14.20. Trilliant Holdings Inc.
14.20.1. Business Overview
14.20.2. Key Executives
14.20.3. Product & Services
14.21. Verdigris Technologies, Inc.
14.21.1. Business Overview
14.21.2. Key Executives
14.21.3. Product & Services

15. Appendix
15.1. Discussion Guide
15.2. License & Pricing